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Net lease news – page 142
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Representative imagePartners Brokers Sale-Leaseback of 55,700 SF Industrial Building in New Caney, TexasNEW CANEY, TEXAS — Partners Real Estate has brokered the sale-leaseback of a 55,700-square-foot industrial building in New Caney, a northeastern suburb of Houston.
Two Mesquite Retail Centers Trade for a Combined $45MBlueprint Investment Properties purchased the 100%-leased Broadmoor Plaza in Mesquite. About the same time, Newport Capital Partners purchased the Towne Crossing development.(shown).
Representative imagePfizer Incident or Not, New York Still Has a Lot of Office Conversions Left to GoFor a few days last week, two buckling steel columns at the Pfizer Building became the biggest real estate story in America. If you only read the headlines, you might conclude that office-to-residential conversions are suddenly in trouble. The opposite is closer to the truth.
Red Rock to Develop 519,792 SF Industrial Facility Near Columbia, South CarolinaGASTON, S.C. — Red Rock Developments plans to develop a new 519,792-square-foot industrial facility at Sandy Run Industrial Park, a 760-acre campus in Gaston, a Columbia suburb.
Charlotte Warehouse Investor Pays $41.4M for 4-Building PortfolioAdler Real Estate Partners acquired four industrial assets in Arrowridge Business Park for $41.4 million. BankUnited provided a $25.6 million loan for the acquisition. Adler acquired 8041, 8107, 8227 and 8301 Arrowridge Blvd. in the transaction.
M&T Refis 300 East 50th Street Resi Tower With $141M LoanA joint venture consisting of Global Holdings, MAG Partners and Safanad has sealed $141.4 million of bridge debt to refinance a newly built luxury apartment tower in Midtown Manhattan’s Turtle Bay neighborhood, Commercial Observer has learned M&T Realty Capital Corporation…
Marx Realty CEO Craig Deitelzweig Spied the Office-Hospitality Connection EarlyWhen he isn’t home tending to his alpacas — yes, he has alpacas — Craig Deitelzweig, the chief executive officer of owner Marx Realty, is working out ways to beautify the company’s office portfolio, intent on making where people go to work a destination, not a chore.
Pennrose Breaks Ground on $225M Mixed-Use Project in Buffalo’s Canalside DistrictBUFFALO, N.Y. — Pennrose has broken ground on North Aud Block, a $225 million mixed-use project in Buffalo’s historic Canalside district.
Cushman & Wakefield Arranges 472,890 SF Industrial Lease in Metro Charlotte for American EagleSALISBURY, N.C. — Cushman & Wakefield has arranged a 472,890-square-foot industrial lease for American Eagle Outfitters Inc. in the metropolitan Charlotte area. The retailer will occupy a distribution center within Innovation Logistics Center in Salisbury on a long-term lease.
Blue Heron Breaks Ground on 269-Unit Apartment Community in RaleighRALEIGH, N.C. — Blue Heron Asset Management has broken ground on Rosewood, a 269-unit apartment development located at 611 W. South St. in Raleigh. The locally based developer acquired the site earlier this year for nearly $12.9 million.
JLL Secures $24M Refinancing for Student Housing Property Near University of FloridaGAINESVILLE, FLA. — JLL Capital Markets has secured a $24 million refinancing for The Row, a 182-bed student housing property located at 407 S.W. 13th St. near the University of Florida campus in Gainesville.
Representative imageHDR Signs 74,500 SF Office Lease at 7 Penn Plaza in Midtown ManhattanNEW YORK CITY — HDR has signed a 74,500-square-foot office lease at 7 Penn Plaza in Midtown Manhattan. The architecture and engineering firm will occupy the 15th, 16th and 17th floors of the 18-story, 357,000-square-foot building, which is located at 370 Seventh Ave.
Marcus & Millichap Brokers $15M Sale of Multifamily Property in Wausau, WisconsinWAUSAU, WIS. — Marcus & Millichap has brokered the $15 million sale of The Apartments at Riverlife, a 75-unit multifamily property in central Wisconsin’s Wausau.
Associated Bank Provides $7M in Financing for Ohio Industrial BuildingPATASKALA, OHIO — Associated Bank has provided a nearly $7 million loan to Transport Properties and GFH Partners to finance a 75,250-square-foot industrial building in Pataskala, about 20 miles west of Columbus.
Intercontinental Real Estate Acquires Lakeland Town Center in Metro Seattle for $69.5MAUBURN, WASH. — Intercontinental Real Estate Corp. has acquired Lakeland Town Center, a 125,233-square-foot, grocery-anchored retail center located approximately 20 miles south of Seattle in Auburn, for $69.5 million.
Berkadia Arranges $35.5M Sale of Two Multifamily Properties in Castro Valley, CaliforniaCASTRO VALLEY, CALIF. — Berkadia has arranged the $35.5 million sale of The Cedars and Creekside Terrace, two neighboring, value-add multifamily properties located in the Northern California city of Castro Valley.
Brennan Investment Group Buys Three-Building, 439,600 SF Industrial Portfolio in Nampa, IdahoNAMPA, IDAHO — Chicago-based Brennan Investment Group has acquired a three-building, 439,600-square-foot industrial portfolio in Nampa, located just west of Boise. Details of the transaction were not released. This purchase marks Brennan’s entry into the Boise industrial market.
Experiential Retail: What Works Now and What Doesn’tArea 15 in Las Vegas is a retail and entertainment complex featuring shops and food and beverage outlets in addition to attractions that take the complex far beyond traditional retail.
557K-SF Lakeland Warehouse Facility Trades for $67.7MMDH paid $67.7 million for the Lakeland Commer Center Buildings 100-300 in Lakeland, Florida. The three-building portfolio totals 557,000 square feet of space. Stonemount was the seller.
Raleigh Developer to Start Work on 269-Unit Rental CommunityBlue Heron Asset Management and design firm Cline will begin work soon on a 269-unit apartment project in Raleigh. The project, called Rosewood, will be at 611 West South Street. Blue Heron completed the $12.85 million land acquisition earlier this year.