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Net lease news – page 210
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Representative imageMarcus & Millichap Arranges Sale of 62,400 SF Retail Center in East San AntonioSAN ANTONIO — Marcus & Millichap has arranged the sale of Rigsby Avenue Shopping Center, a 62,400-square-foot retail property located on the east side of San Antonio.
Representative imageColliers Brokers Sale of 52,889 SF Shopping Center in South HoustonHOUSTON — Colliers has brokered the sale of Parks at Boulder Creek, a 52,889-square-foot shopping center located in South Houston. The center sits on a 4.8-acre site at the southeast corner of Beltway 8 and Pearland Parkway.
Representative imageHolt Lunsford Negotiates 39,860 SF Industrial Lease in Carrollton, TexasCARROLLTON, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 39,860-square-foot industrial lease in the northern Dallas metro of Carrollton. According to LoopNet Inc., the building at 2425 Camp Ave.
ACORE Capital Provides $110M Loan for Refinancing of Midtown Manhattan Office BuildingNEW YORK CITY — ACORE Capital has provided a $110 million loan for the refinancing of 370 Lexington Avenue, a 317,000-square-foot office building located in the Grand Central submarket of Midtown Manhattan.
Representative imageRelated, ADIA, Mack Shopping Columbus Circle Retail for $450MFancy some retail therapy? You’ll need a pretty penny for this particular purchase.
Representative imageCushman & Wakefield Brokers Sale of 256,381 SF Industrial Portfolio in Northern New JerseyCARLSTADT AND EAST RUTHERFORD, N.J. — Cushman & Wakefield has brokered the sale of a portfolio of four industrial buildings totaling 256,381 square feet in the Northern New Jersey communities of Carlstadt and East Rutherford.
Representative imageCAPREIT Acquires 114-Unit Apartment Complex in Brentwood, New YorkBRENTWOOD, N.Y. — CAPREIT has acquired Broadway West, a 114-unit apartment complex in the Long Island community of Brentwood.
Representative imageMarcus & Millichap Negotiates $14.5M Sale of Queens Industrial BuildingNEW YORK CITY — Marcus & Millichap has negotiated the $14.5 million sale of a 40,400-square-foot industrial building in Queens. Constructed in 1931, the fully leased building at 43-10 21st St.
Atlantic Capital Partners Arranges $78.5M Sale of 750,000 SF Shopping Center on Florida’s Space CoastWEST MELBOURNE, FLA. — Atlantic Capital Partners has arranged the $78.5 million sale of Hammock Landing, a 750,000-square-foot power retail center located in West Melbourne, a city on Florida’s Space Coast.
Convention Center Authority Acquires Adjacent Parking Garage Site in Downtown Nashville for $52MNASHVILLE, TENN. — The Convention Center Authority of Metro Government of Nashville & Davidson County has purchased the former Estes Kefauver Federal Building parking garage site, which sits one block from Music City Center in downtown Nashville. The U.S.
Representative imageRayonier Signs 36,000 SF Office Lease in Atlanta for New Corporate HeadquartersATLANTA — Rayonier Inc., a publicly traded land resources REIT, has signed a lease to occupy 36,000 square feet at Terminus 100, a mixed-use tower in Atlanta’s Buckhead district.
Pyramid Global Hospitality Opens 208-Room Dellshire Resort in WisconsinWISCONSIN DELLS, WIS. — Pyramid Global Hospitality has opened Dellshire Resort, a 208-room property in Wisconsin Dells within south central Wisconsin. The hotel marks the area’s first new-build resort in more than two decades, according to Pyramid.
Colliers Brokers Sale of 246,446 SF Logistics Facility in Elgin, IllinoisELGIN, ILL. — Colliers has brokered the sale of a 246,446-square-foot logistics facility located at 2770 Alft Court in Elgin. Jeff Devine, Steve Disse and Tyler Ziebel of Colliers represented the seller, Venture One. A publicly traded REIT was the buyer.
Representative imageEastern Union Arranges $12.9M in Acquisition Financing for Shopping Center in Lima, OhioLIMA, OHIO — Eastern Union has arranged $12.9 million in financing on behalf of borrower Lima Tov LLC for the acquisition of Lima Center, a 174,078-square-foot shopping center located in northwestern Ohio. The purchase price was $19.5 million.
Krusinski to Complete Tenant Improvement Project for Electric Vehicle Repair Facility in ChicagoCHICAGO — Dayton Street Partners has selected Krusinski Construction Co. to complete a tenant improvement project for an automotive and clean energy company. The Loomis facility will support a new electric vehicle repair facility on the edge of the Chicago city limits.
Representative imageNew York City Is Leading the U.S. in Apartment Construction. Yes, Really.Talk about a counter narrative. While New York City’s apartment vacancy rate is still below 2 percent, according to an April report from brokerage Corcoran, and the metropolis remains a notoriously expensive place to build, there has been quite a bit of progress lately in…
The Yield Is Real but So Is the Risk Premium You Are Being Asked to AcceptExecutive Summary U.S. high yield bonds are posting the highest trailing one-year yields among major assets. With consumer inflation running at 3.8% annually, approximately half of the major asset classes tracked by ETFs are generating positive real yields.
Vornado Brings Redeveloped PENN 2 to 90% LeasedVornado Realty Trust announced that PENN 2, its reimagined office tower in the Penn District campus, is now 90% leased after completing full-floor leases with both Altana AI and Veeva.
Rockpoint Scores Mid-Rise Apartment Property in WestwoodRockpoint, a Boston-based real estate private equity firm, has acquired Wilshire Margot, a 97-unit multifamily property located at 10599 Wilshire Blvd. in the Westwood neighborhood of Los Angeles.
Marcus & Millichap Closes Deal for Bronx Industrial with Redevelopment PotentialMarcus & Millichap recently closed the sale of 935 Garrison Ave., an industrial property in the Bronx. The asset sold for $10,275,000.