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Net lease news – page 172
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Waste Management Firm Buys Miami-Dade Trucking Terminal for $51MCenterPoint has sold another trucking parking lot in Miami-Dade County, this time for $51 million to a waste management company, property records show. Woodlands, Texas-based Waste Connections purchased the 12-acre site at 17707 Northwest Miami Court in Miami Gardens, Fla.
IPA Negotiates Sale of 201-Unit Apartment Complex Near Downtown DallasDALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Sylvan Thirty, a 201-unit apartment complex located just west of downtown Dallas.
Representative imagePartnership Underway on $12M Renovation of Dallas Office CampusDALLAS — A partnership between Chicago-based Glenstar and New York City-based Affinius Capital is underway on the $12 million renovation of Energy Square, a five-building office campus located in the University Park area of Dallas.
Anchorage Capital Advisors Takes 21K SF at 125 West 57th StreetBillionaires’ Row continues to grow as a premier office destination as a new tenant seeks to move up from Lower Manhattan.
Representative imageDIG Arranges Recapitalization of 117,594 SF Shopping Center in PlanoPLANO, TEXAS — Local brokerage firm Disney Investment Group (DIG) has arranged the recapitalization of Custer Park, a 117,594-square-foot shopping center in Plano.
Representative imageThree Tenants Sign Leases at Shops at Starwood in FriscoFRISCO, TEXAS — Three tenants have signed leases totaling 5,944 square feet at The Shops at Starwood, a 90,667-square-foot retail center located north of Dallas in Frisco.
Grubb Properties Seals $377M in Financing for Financial District Resi TowerFresh off the holiday weekend, a high-rise residential tower in Manhattan’s Financial District is officially inching closer to completion with some equally fresh funding.
ICE Pays CoreCivic $1.5B For 2 Detention FacilitiesThe Department of Homeland Security has purchased two California detention centers for $1.5B. The 2,560-bed California City Detention Facility and 1,994-bed Otay Mesa Detention Center cost the federal government $732.6M and $739.2M, respectively. That's...
Aimco Liquidates Last of Its NYC Portfolio in $23M SaleApartment Investment and Management Company, also known as Aimco, is officially out of New York City. The last of the company’s Big Apple assets, located at 165-173 East 90th Street between Lexington and Third avenues, sold for $22.85 million last week, according to city records.
Cushman & Wakefield Brokers $87M Sale of Apartment Community in AugustaAUGUSTA, GA. — Cushman & Wakefield has brokered the $87 million sale of Mason Augusta, a 462-unit apartment community located at 101 Pine Forest Road in Augusta.
Partnership to Develop 131,000 SF Office Building in Boca Raton, FloridaBOCA RATON, FLA. — A partnership between Butters Construction & Development Inc., PEBB Enterprises and Konsker Development plans to develop One Midtown, a 131,000-square-foot office building in Boca Raton’s Midtown submarket.
CCI Begins Leasing 740 Techwood Student Housing Development Near Georgia TechATLANTA — CCI Real Estate has begun leasing 740 Techwood, a 95-bed student housing development located near the Georgia Tech campus in Atlanta.
Representative imageAtlantic Capital Partners Arranges Sale of 80,000 SF Retail Building in Danvers, MassachusettsDANVERS, MASS. — Local brokerage firm Atlantic Capital Partners (ACP) has arranged the sale of an 80,000-square-foot retail building in Danvers, located about 20 miles northeast of Boston.
Mission Properties Adding 247 Apartment Units, Retail to Charlotte-Area PortfolioMission Properties purchased a 19-acre parcel in Huntersville to build an apartment complex and 40,000 square feet of retail. The Charlotte Business Journal reports the company paid $7.4 million for the parcel at Stumptown and Statesville roads.
Representative imageAdaptive Security Signs 51,220 SF Office Sublease in Manhattan’s Financial DistrictNEW YORK CITY — Adaptive Security has signed a 51,220-square-foot office sublease in the Financial District of Lower Manhattan. The AI-powered cybersecurity company is taking space formerly leased to BarkBox, an e-commerce firm for the pet products industry, at 120 Broadway.
Life Time, Midas Hospitality to Open 263-Unit Luxury Apartment Complex in Metro St. LouisRICHMOND HEIGHTS, MO. — Life Time is expanding its presence in the St. Louis market with plans to introduce Life Time Living, its wellness-centered luxury residential concept, through a new partnership with Midas Hospitality.
Milhaus to Build 194-Unit Affordable Housing Project in Kansas CityKANSAS CITY, MO. — Milhaus has received approval from the Missouri Housing Development Commission (MHDC) for Low-Income Housing Tax Credits (LIHTC) to advance Linwood & Troost Apartments in Kansas City. The project will convert two vacant lots at 2300 Troost Ave.
JLL Brokers Sale of 33,140 SF Retail Center in Chicago’s Lincoln ParkCHICAGO — JLL Capital Markets has brokered the sale of Clybourn Center, a 33,140-square-foot unanchored strip center in Chicago’s Lincoln Park neighborhood.
Representative imageNorthmarq Arranges $14.3M Acquisition Loan for Kansas Multifamily PropertyLEAVENWORTH, KAN. — Northmarq has arranged a $14.3 million acquisition loan for Station Lofts, a 148-unit multifamily community in Leavenworth. Daniel Trebil and Logan McCarthy of Northmarq arranged the Freddie Mac loan on behalf of the borrower, Partner Apartments.
KIRE Group Receives $13.3M Loan for Refinancing of Multifamily Property Near San DiegoNATIONAL CITY, CALIF. — KIRE Group has received $13.3 million in refinancing for Talas Apartments, a multifamily property located at 2114 E. 7th St. in National City, approximately five miles southeast of San Diego.