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Office: deals – page 13
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Forbright Bank, R3 Ventures Acquire 12-Story Office Building in Chevy Chase, MarylandCHEVY CHASE, MD. — Forbright Bank has brought in R3 Ventures in the acquisition of Chase Tower, a 12-story office building located at 4445 Willard Ave. in Chevy Chase, a Maryland suburb of Washington, D.C.
Representative imageBH Properties Sells Office Campus in Ontario, California to MGR Real Estate for $24.7MONTARIO, CALIF. — BH Properties has completed the disposition of Lakeview, a Class A office campus in Ontario, to MGR Real Estate for $24.7 million. Situated on a 7.8-acre site, the asset consists of two three-story buildings offering a total of 106,345 square feet, as well as 1.
Representative imageFM Acquires 290,000 SF Office Building in Downtown ProvidencePROVIDENCE, R.I. — FM, a Rhode Island-based commercial property insurer, has acquired 10 Memorial Boulevard, an office building in downtown Providence. According to LoopNet Inc., the 10-story building was constructed in 2006 and totals 290,000 square feet.
Representative imageForbright Bank Buys Suburban DC Office BuildingThe firm had previously leased space in the tower for its headquarters. The post Forbright Bank Buys Suburban DC Office Building appeared first on Commercial Property Executive.
PacVentures, AQUILA Buy 318,000 SF Office Complex in Northwest Austin, Plan UpgradesAUSTIN, TEXAS — A joint venture between San Diego-based investment firm PacVentures Inc. and Austin-based AQUILA Commercial has purchased The Campus at Arboretum, a five-building, 318,000-square-foot office complex in northwest Austin with plans to implement capital improvements.
Representative imageDFW LAND Buys Columbus Mixed-Use DevelopmentA joint venture sold the office and retail portions of the campus. The post DFW LAND Buys Columbus Mixed-Use Development appeared first on Commercial Property Executive.
Seven-Building San Jose Office Park Trades for $164MA seven-building office campus located in North San Jose and known as Rio Tech Office Park recently sold for $164.3 million, reported the Silicon Valley Business Journal.
Newmark Arranges Sale of Office, Retail Components at The Pointe at Polaris in ColumbusCOLUMBUS, OHIO — Newmark has arranged the sale and acquisition financing of the office and retail components of The Pointe at Polaris, a mixed-use asset located in the Polaris submarket of Columbus.
Premier Equities Sells NoMad Office HQ at 1151 Broadway for $29MPremier Equities, through the entity Premier 1151-1153 Broadway, has offloaded the office and retail building 1151 Broadway for $29.2 million, according to city records made public Tuesday.
Representative imageWoodside Buys 200,155 SF Office Campus in Northwest Houston, Plans RenovationsHOUSTON — Woodside, a Texas-based real estate private equity firm, has purchased Saddlebrook Place, a four-building, 200,155-square-foot office campus in northwest Houston.
Representative imageNewmark Arranges 40,124 SF Office Lease at 1375 Peachtree in Midtown AtlantaATLANTA — Newmark has arranged a 40,124-square-foot office lease at 1375 Peachtree, a seven-story, 412,000-square-foot office building in Midtown Atlanta. The tenant, Drew Eckl & Farnham, will move into its new space on the sixth floor this December.
Real Capital Solutions Enters Jersey City Market in Partnership with LamarA partnership of Real Capital Solutions (RCS) and Lamar Companies has acquired 30 Montgomery, a 16-story, 368,049-square-foot Class A office tower in Jersey City’s Exchange Place submarket. Terms were not disclosed.
Representative imageRithm Capital Rebrands Paramount Group as Elecor PropertiesMichael Nierenberg’s Rithm Capital has a new vision for the 16-building office portfolio it purchased from Paramount Group — one that’s going to come with $250 million of new capital improvements.
Representative imageBradford Arranges Sale of 260,796 SF Office Building in IrvingIRVING, TEXAS — Bradford Commercial Real Estate Services has arranged the sale of MacArthur Ridge II, a 260,796-square-foot office building in Irving.
Butters, PEBB Purchase Two Boca Raton Office BuildingsButters Construction & Development and PEBB Enterprises acquired two office buildings in Boca Raton for $26.15 million. The two multi-tenant office buildings total 59,667 square feet and are currently 75% occupied.
Swift Real Estate Partners Sells 158,785 SF Office Building in Pasadena, CaliforniaPASADENA, CALIF. — Swift Real Estate Partners has completed the disposition of 35 N Lake, a Class A office building in Pasadena, to State Compensation Insurance Fund for an undisclosed price. Located at 35 N.
Data Center Solutions Provider Buys Nearly 100K-SF Phoenix Office BuildingTransdien Engineering acquired a 97,372-square-foot office park off the Loop 101 and 7th Street for $19.4 million. Located at 19825 N. 7th Street, the property sits on 17.51 acres and was built in 2004.
Franklin Street Properties Adds BofA, JLL Securities to Strategic ReviewWakefield, MA-based office REIT Franklin Street Properties Corp. has expanded its ongoing strategic alternatives review process to include BofA Securities and Jones Lang LaSalle Securities, LLC as co-financial advisors in an expansion of its ongoing strategic review process.
Not-for-Profit Insurance Carrier Acquires Pasadena OfficesState Compensation Insurance Fund has purchased a 158,785-square-foot Class A office building at 35 N. Lake Ave. in Pasadena, CBRE announced. Los Angeles Business First reported the purchase price as $33 million.
Representative imageJoint Venture Acquires 53,000 SF Office, Retail Building in San AntonioSAN ANTONIO — A joint venture between two retail owner-operators, Houston-based Fifth Corner and San Antonio-based Headwall Investments, has acquired a 53,000-square-foot office and retail building in San Antonio’s Alamo Heights submarket.