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Deals news – page 17
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Nearly 35K SF Shopping Center Sells For $8.5M: The Denver Deal SheetWabash Marketplace sold off-market for $8.5M to James Harris, a seasoned Denver real estate investor.
ICP Acquires 427K-SF Corporate Campus in KalamazooIndustrial Commercial Properties LLC (ICP) has acquired 1 Financial Parkway, a three-building, 426,788-square-foot corporate campus situated on 55 acres in Kalamazoo, Michigan.
Pennsylvania Avenue Office Sells For Repositioning: The D.C. Deal SheetAlso this week, a joint venture buys Hamilton Square, an office-to-residential project gets a new partner, and a former Brookfield SVP starts his own law firm.
MDH Buys Warehouse at Busy Laredo PortMDH Partners (MDH) has acquired a 129,301-square-foot, single-tenant industrial facility at 302 Grand Central Blvd. in Laredo, Texas, fully leased to DHL Global Forwarding.
Representative imageAres Buys Two Fully Leased Miami Warehouses for $109MAres Management has acquired two fully leased warehouses in Miami-Dade County from BGRE for a combined $108.7 million, property records show.
Camden Pays $88.6M for Nashville Apartment HighriseCamden Property Trust acquired the Harlowe multifamily community in Nashville’s Gulch neighborhood. The price was $88.6 milion or nearly $300,000 a unit. The apartment complex will be redubbed Camden Gulch.
Gwinnett County Rental Asset Trades for $67.2MA 352-unit multifamily development in the Gwinnett County town of Lawrenceville has sold for $67.2 million. The Atlanta Business Chronicle reports that Oxford Properties was the seller and Sherman Residential was the buyer.
Representative imageMarcus & Millichap Brokers $11.4M Sale of Lower Manhattan Apartment BuildingNEW YORK CITY — Marcus & Millichap has brokered the $11.4 million sale of 196 Bowery, a seven-unit apartment building located in the NoLita neighborhood of Lower Manhattan. The building includes a ground-floor retail space that is leased to Genyth Tattoo.
Cushman & Wakefield Negotiates $83M Sale of Whole Foods-Anchored Shopping Center in Doral, FloridaDORAL, FLA. — Cushman & Wakefield has negotiated the sale of Doral Marketplace, an 83,365-square-foot, newly constructed shopping center located in Doral, a western suburb of Miami. According to multiple media outlets, the property sold for $83 million.
HMF Americana Acquires Land from Harris Teeter in Metro Charlotte, Plans Build-to-Rent DevelopmentCHARLOTTE, N.C. — HMF Americana, a “hybrid home” development firm, has acquired a development site in metro Charlotte from locally based grocer Harris Teeter with plans to develop a 221-unit build-to-rent residential community.
JLL Arranges Sale of 356,514 SF Office Building in OrlandoORLANDO, FLA. — JLL Capital Markets has arranged the sale of Sea Harbor Office Center, a 356,514-square-foot office building located across from SeaWorld in Orlando.
Morgan Stanley Fund Pays $93.1M for Florida Senior Housing PortfolioMorgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), acquired a Class A seniors housing portfolio located in the Orlando and Tampa metropolitan areas.
Representative imageJLL Negotiates $7.9M Sale of Medical Office Building in Wayne, New JerseyWAYNE, N.J. — JLL has negotiated the $7.9 million sale of a 37,770-square-foot medical office building located at 601 Hamburg Turnpike in the Northern New Jersey community of Wayne. The three-story building was completed in 2002 and was 97 percent leased at the time of sale.
Tishman Speyer Sells Office Building in Mountain View, California to Spear Street Capital for $121.5MMOUNTAIN VIEW, CALIF. — Tishman Speyer has completed the disposition of 400 Castro Street, a Class A office building in downtown Mountain View, to Spear Street Capital for $121.5 million, or $876 per square foot.
Freestone Capital Acquires Aperture on Fifth Multifamily Community in Downtown Seattle for $32.2MSEATTLE — Freestone Capital has purchased Aperture on Fifth, an apartment property in downtown Seattle, from PrivatePortfolio Group for $32.2 million or $304,245 per unit.
SRS Real Estate Arranges $11.7M Sale of Lumberjack Square Shopping Center in Bakersfield, CaliforniaBAKERSFIELD, CALIF. — SRS Real Estate Partners has arranged the $11.7 million sale of Lumberjack Square, an 85,031-square-foot shopping center located in Bakersfield.
Marcus & Millichap Brokers $8.3M Sale of Two-Property Retail Portfolio in Metro San DiegoENCINITAS, CALIF. — Marcus & Millichap has brokered the $8.3 million sale of a two-property retail portfolio located roughly 25 miles north of San Diego in Encinitas. The first property, located at 548-568 S.
Eastham Capital, Bender Cos. Acquire 220-Unit Fox Run Apartments in Suburban ChicagoST. CHARLES, ILL. — Eastham Capital and Bender Cos. have acquired Fox Run Apartments, a 220-unit community in the western Chicago suburb of St. Charles. To date, Eastham and Bender have co-invested in 14 projects.
Greysteel Arranges $18.1M Sale of Multifamily Community in Metro MilwaukeeCUDAHY, WIS. — Greysteel has arranged the $18.1 million sale of Cudahy Commons, a 142-unit multifamily property at 2810 E. Edgerton Ave. in the Milwaukee suburb of Cudahy. BJ Connolly, Doug Banerjee and Ryan Carter of Greysteel represented the seller, a private investor.
CBRE Brokers $3.4M Sale of Retail Property Occupied by Sheetz in Gahanna, OhioGAHANNA, OHIO — CBRE has brokered the $3.4 million sale of a single-tenant Sheetz convenience store at 495 Crescent Circle in Gahanna, a suburb of Columbus. CBRE’s Karly Iacono represented the buyer, 495 Crescent Circle Gahanna Ohio LLC.