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Net lease news – page 22
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PRP Purchases Hyundai Mobis-Leased Distribution Center in Montgomery for $66.5M, Plans ExpansionMONTGOMERY, ALA. — PRP Real Assets has acquired a newly built distribution center in Montgomery for $66.5 million.
Representative imageMerritt Breaks Ground on Third Phase of North Jacksonville Industrial ParkJACKSONVILLE, FLA. — Merritt Properties has broken ground on Phase III of Imeson Landing Business Park in north Jacksonville. The new phase will comprise three shallow-bay industrial buildings totaling 126,500 square feet.
Blackfin, Enterprise to Acquire Apartment Community in South Nashville for $26MNASHVILLE, TENN. — Blackfin Real Estate Investors LLC and Enterprise Community Partners plan to acquire Brookridge Apartments, a 177-unit community located at 100 Brookridge Trail in Nashville. The seller and sales price were not disclosed.
Investor Buys Montgomery Hyundai Plant, Adding 240K-SFPRP Real Assets acquired the newly-built Hyundai-Mobis Class-A, Flagship Redistribution Center in Montgomery, AL for $66.5 million. The property is leased to Hyundai for 14 years and guaranteed by Hyundai-Mobis.
New Empire Receives $75M in Construction Financing for Brooklyn Multifamily ProjectNEW YORK CITY — Locally based developer New Empire has received $75 million in construction financing for a new multifamily project that will be located in Brooklyn’s Flatbush neighborhood.
Representative imageJLL Negotiates $27M Sale of Apartment Complex in Haddam, ConnecticutHADDAM, CONN. — JLL has negotiated the $27 million sale of Blueway Commons, an 88-unit apartment complex in Haddam, located in Middlesex County. Blueway Commons was built on 6.5 acres between 2023 and 2025.
Representative imageQSAC Signs 25,268 SF Office Lease in The BronxNEW YORK CITY — Quality Services for the Autism Community (QSAC) has signed a 25,268-square-foot office lease in The Bronx.
FPA Multifamily Acquires 237-Unit, Three-Building Apartment Portfolio in DenverDENVER — California-based FPA Multifamily has purchased a three-building, 237-unit multifamily portfolio in Denver from 2580 South University Co. LLC, 2550 South University Co. and 2512 South University Co. for an undisclosed price.
Oxford Properties Sells 238,473 SF Light Industrial Portfolio in Riverside, CaliforniaRIVERSIDE, CALIF. — Oxford Properties has completed the disposition of a light industrial portfolio in Riverside to Sierra Ridge Capital, with Los Angeles-based Pacific Properties Group providing the equity, for an undisclosed price.
AdventHealth Opens 88,000 SF Aurora Highlands Medical Campus in ColoradoAURORA, COLO. — AdventHealth has opened AdventHealth Aurora Highlands, a medical campus within the The Aurora Highlands that will open to patients on Tuesday, Sept. 29. Located at 3405 N.
Ian Michael Klein, Rabina’s Development Head, Wanted to Be ‘a Real Estate Guy’When Ian Michael Klein, head of development and construction at Rabina, told his dad — a commercial real estate broker — that he wanted to go into architecture, his dad didn’t really see the draw.
Chelsea’s Rubin Museum of Himalayan Art Hits the MarketA Midtown South museum is selling the 80,000-square-foot mixed-use site beneath it, Commercial Observer has learned.
Rivani Lands $114M Refi For Playboy HQ Building: The South Florida Deal SheetRobert Rivani finalized $114.3M to refinance a Miami Beach mixed-use project he touted as offering "Class-X" office.
CUNY Buys Historic Bronx Post Office For $201MThe university system leased the property last year for a new community college campus.
WareSpace Expands Microbay Flex Industrial Concept With South San Francisco AcquisitionWareSpace is targeting industrial users seeking 2K SF or less.
Flock Backlash Isn't Slowing Real Estate's AI-Driven Surveillance BoomDespite scrutiny of firms like Flock Safety, an entire ecosystem of vendors is already serving tech-driven video solutions to landlords and occupiers.
AI Companies Sign Full-Florr Leases at Repositioned Flatiron District BuildingCushman & Wakefield arranged two full-floor office leases totaling 16,734 square feet at 61 W. 23rd St. in Manhattan’s Flatiron District, bringing the recently repositioned property to full occupancy.
CBRE Arranges Valencia Office Sale for Harbor AssociatesCBRE facilitated the $32-million sale of Commons at Valencia, a two-building Class A office campus totaling approximately 157,189 square feet, located at 25124 and 25152 Springfield Court in Valencia.
Japanese Firm Acquires Upper West Side Apartments for $25MAlchemy Ventures has announced the sale of 310 W. 80th St., a 36-unit residential elevator building on Manhattan’s Upper West Side, to Japan-based Phoenix Co. Ltd. for $24.8 million.
Representative imageVictoria Industrial, Lincoln Equities Buy NoVa Industrial Portfolio for $63MVictoria Industrial Properties and Lincoln Equities Group have acquired a seven-building flex industrial portfolio in Northern Virginia’s Dulles Tech Corridor for $62.5 million. Baltimore-based Klein Enterprises sold the assets.