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Deals news – page 19
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LaSalle IM, Camber Pick Up Long Island Industrial PortfolioA joint venture of LaSalle Investment Management and Camber Real Estate Partners has acquired a three-property industrial portfolio spanning more than 270,000 square feet on Long Island for an undisclosed price.
Go Outdoors Heads to Boston for Marina PurchaseInvestment platform Go Outdoors has acquired Boston’s Constitution Marina for an undisclosed price, allowing the longtime owners of the top-rated waterfront facility to sail into retirement.
CBRE Arranges Acquisition of Newly Constructed Ohio Convenience StoreCBRE announced the acquisition of a single-tenant Sheetz convenience store at 495 Crescent Circle in Gahanna, Ohio, by 495 Crescent Circle Gahanna Ohio LLC, for $3.4 million in an all-cash 1031 exchange buyer transaction.
Hewlett-Packard Sells Affiliate HQ Campus, Leases It BackBluerock paid $330.7 million for Hewlett Packard Enterprises’ (HPE) Juniper Networks headquarters campus in Sunnyvale. HPE leased the building back from Bluerock. The lease term doesn’t expire until 2047.
Industrious Adds 19th L.A.-Area Location at Caruso’s Masonic TempleCoworking giant Industrious is adding another location in Southern California, this time at one of the more recognizable office properties in Glendale.
18-Story Houston Office Tower Changes HandsSerac Capital Partners, in partnership with National Real Estate Advisors, acquired 3737 Buffalo Speedway in Greenway Plaza. Madison Marquette was the seller.
Lincoln Property Co. Sells Two Industrial Buildings at Park303 in Glendale, Arizona for $170.2MGLENDALE, ARIZ. — Dallas-based Lincoln Property Co. has sold two industrial buildings within Park303 in Glendale. Nuveen Real Estate acquired the assets for $170.2 million.
IPA Negotiates Sale of 95-Unit Apartment Complex in Seattle’s Eastlake NeighborhoodSEATTLE — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of East Howe Steps, an apartment complex located in Seattle’s Eastlake neighborhood. The seller was Bender Equities. An affiliate of Sequel Investment Co.
Fourth Avenue Capital Buys Apartment Complex in Bend, Oregon for $20MBEND, ORE. — Fourth Avenue Capital has purchased Steppe, an apartment complex in Bend, about 175 miles southeast of Portland. National Real Estate Advisors sold Steppe for $20 million.
Representative imageJoint Venture Acquires 95,551 SF Office Building in San Marcos, CaliforniaSAN MARCOS, CALIF. — A joint venture between Newport National Corp., Bluebird Capital Group and Salt Lake City-based Sundance Bay has acquired Civic View Corporate Centre, an office building located at 300 Rancheros Drive in San Marcos a northern suburb of San Deigo.
Newmark Brokers Sale of 229-Unit Apartment Complex in PlanoPLANO, TEXAS — Newmark has brokered the sale of Hathaway at Willow Bend, a 229-unit apartment complex in Plano. The property offers one-, two- and three-bedroom units and amenities such as two pools, a fitness center, outdoor kitchen and a dog park.
Related Pays $110M for Atlanta-Area ApartmentsRelated Company paid $110 million for a 468-unit garden-style apartment complex the Roswell/Alpharetta area. The seller was Post Real Estate Group. The Manchester at Mansell apartments were built in 1984 and offer one-, two-, and three-bedroom floor plans.
Representative imageJLL Negotiates Sale of 86,698 SF Shopping Center in Prosper, TexasPROSPER, TEXAS — JLL has negotiated the sale of an 86,698-square-foot shopping center in Prosper, a northern suburb of Dallas. Shops at Prosper Trail was built in 2016 and was fully leased at the time of sale.
CBRE Negotiates $62.5M Sale of Shopping Center in Vernon, ConnecticutVERNON, CONN. — CBRE has negotiated the $62.5 million sale of Tri-City Plaza, a 295,817-square-foot shopping center in Vernon, located northeast of Hartford. Grocer Shoprite anchors the center, which was 96 percent leased at the time of sale. Other tenants include T.J.
Representative imageIRG Acquires 422,727 SF Distribution Facility in St. Paul, MinnesotaST. PAUL, MINN. — Industrial Realty Group LLC (IRG) has acquired a 422,727-square-foot industrial facility located at 411 Farwell Ave. in South St. Paul. The property formerly served as the headquarters of The Sportsman’s Guide, an online and catalog retailer.
SVN Chicago Commercial Arranges $25.5M Sale of Industrial Property in Lake ZurichLAKE ZURICH, ILL. — SVN Chicago Commercial has arranged the $25.5 million sale of a 210,000-square-foot industrial property located at 1275 Ensell Road in Lake Zurich. Paul Cawthon and Angelo Labriola of SVN represented the seller.
Representative imageLegacy Real Estate Sells 126,108 SF Industrial, Office Building in Dover, New JerseyDOVER, N.J. — Locally based owner-operator Legacy Real Estate Developers has sold a 126,108-square-foot industrial and office building located in the Northern New Jersey community of Dover. The building at 570 Mount Pleasant Ave.
Marcus & Millichap Brokers $11.5M Sale of Retail Strip Center in Glendale Heights, IllinoisGLENDALE HEIGHTS, ILL. — Marcus & Millichap has brokered the $11.5 million sale of Bloomingdale Plaza in Glendale Heights.
Representative imageNAI DiLeo-Bram Brokers $13.1M Sale of Industrial Flex Building in Kenilworth, New JerseyKENILWORTH, N.J. — NAI DiLeo-Bram (NAIDB) has brokered the $13.1 million sale of a 26,000-square-foot industrial flex building in the Northern New Jersey community of Kenilworth. Completed in 2024, the building at 651 Michigan Ave.
Bluerock Affiliate Acquires Sunnyvale Office Hub For $330.7MBluerock's Sunnyvale office play included a 20-year leaseback to Juniper Networks. The price signals ongoing confidence in Bay Area office properties.