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Deals news – page 124
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Representative imageCBRE Brokers Sale of 290,016 SF Village Park Plaza Shopping Center in Metro IndianapolisCARMEL, IND. — CBRE has brokered the sale of Village Park Plaza, a 290,016-square-foot shopping center in the Indianapolis suburb of Carmel.
Transwestern Negotiates 72,645 SF Office Lease at Michigan Plaza in ChicagoCHICAGO — Transwestern has negotiated a 72,645-square-foot office lease at Michigan Plaza in Chicago. Mark Buth, Kathleen Bertrand and Steve Hennessy of Transwestern represented the landlord, Aegis Asset Management.
Marcus & Millichap Closes Sale of Court Square Development SiteMarcus & Millichap closed the $9.75-million sale of 42-81 Hunter St., a development site in the Court Square neighborhood of Long Island City, Queens.
Clear Height Completes Disposition of Elk Grove Village Industrial PropertyClear Height Properties and its joint venture partner Harbert Management Corporation announced the disposition of Triangle Corporate Center, a multi-tenant flex industrial property located at 1400 Elmhurst Road in Elk Grove Village, Illinois.
Harrison Street Asset Management Sells UK Student Housing PortfolioChicago-based Harrison Street Asset Management announced the sale of a purpose-built student accommodation portfolio in Bristol, United Kingdom to Ottoway Portfolio Holdings. CBRE advised the seller on the transaction.
Optimus Expands Retail Presence on San Francisco PeninsulaOptimus Properties, LLC, a Los Angeles-based real estate investment and development firm, closed on the acquisition of the Laurel Street Retail Portfolio, a three-building, non-contiguous street retail portfolio located in downtown San Carlos.
Colliers Closes Sale of 748K-SF Industrial Facility Near KC AirportColliers has completed the sale of a 748,833-square-foot, modern bulk industrial facility located at 4400 State Route 92 in Platte City, Missouri, within the Kansas City MSA.
Phillips Edison Buys SoCal Shopping Plaza for $26MOne of the country’s largest owners of grocery-anchored plazas has acquired another retail property in Southern California’s Inland Empire region.
Representative imageBGO Pays $270M for 1 MSF Industrial AssetJLL Capital Markets arranged the acquisition loan. The post BGO Pays $270M for 1 MSF Industrial Asset appeared first on Commercial Property Executive.
CIRE Equity Acquires 307,883 SF Roscoe Woodley North LA Industrial Campus in Van Nuys, CaliforniaVAN NUYS, CALIF. — CIRE Equity has purchased Roscoe Woodley North LA Industrial Campus, a fully leased industrial property in Van Nuys. Terms of the transaction were not disclosed. Located at 8201-8221 Woodley Ave.
Credit Union Acquires Houston Office TowerFirst Community Credit Union will soon have a new headquarters. The company acquired the former Noble Energy Center Two, a 470,623-square-foot office tower in Houston’s Vintage Park/Tomball area. Currently, the credit union’s main offices are at 15260 FM 529 Road.
Representative imageSLIB Arranges Sale of 42-Unit Seniors Housing Property in WashingtonCASHMERE, WASH. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Cashmere in central Washington. Situated on roughly 1.5 acres, the community comprises 42 units.
Centrum, Sorelle File Plans for Charlotte Apartments, HotelCentrum Realty & Development and Sorelle Capital filed a development plan for 1.8 acres in Charlotte that calls for a 422-unit multifamily development, a hotel, a parking structure, and a restaurant and bar. Centrum acquired the multi-parcel assemblage between 2021 and 2023.
Representative imageEastham Capital Sells 200-Unit Veranda Apartments in Texas City, TexasTEXAS CITY, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Veranda, a 200-unit apartment complex in Texas City, a southeastern suburb of Houston.
Representative imageBradford Arranges Sale of 124,380 SF Industrial Building in Metro Fort WorthNORTH RICHLAND HILLS, TEXAS — Bradford Commercial Real Estate Services has arranged the sale of a 124,380-square-foot industrial building in North Richland Hills, a northeastern suburb of Fort Worth.
Representative imagePartnership Buys 50,112 SF Industrial Park in Euless, TexasEULESS, TEXAS — A partnership between California-based investment firm Birtcher Anderson & Davis and Baltimore-based ABR Capital Partners has purchased a 50,112-square-foot industrial park in Euless, located near DFW International Airport.
Amazon Buys 143-Acre Industrial Development Site in Florida, New YorkFLORIDA, N.Y. — Amazon has purchased a 143-acre industrial development site in Florida, located about 65 miles northwest of New York City near the New York-New Jersey border. The fully entitled site is located along State Highway 5 and has all major utilities already in place.
Representative imageCushman & Wakefield Negotiates 973,200 SF Industrial Lease in Morrisville, PennsylvaniaMORRISVILLE, PA. — Cushman & Wakefield has negotiated a 973,200-square-foot industrial lease in Morrisville, located near Trenton along the New Jersey-Pennsylvania border. The tenant is an undisclosed provider of warehouse services.
Miami’s One Downtown Trades for $110MMoishe Mana acquired One Downtown, a Class A office tower located at 1 SE 3rd Avenue, for $110 million. PCCP was the seller. The building last sold for $127 million in 2018. CBRE brokered the deal.
Representative imageAlliance Residential Acquires Land Near Battery Atlanta, Plans 300-Unit Multifamily DevelopmentATLANTA — Alliance Residential has acquired nearly 3.7 acres in Atlanta’s Vinings/Smyrna submarket near The Battery Atlanta, the mixed-use village surrounding Truist Park, home of the Atlanta Braves.