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Net lease news – page 252
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NYC Employee Retirement System Renews 35K SF at The Factory in LICNew York City’s Employee Retirement System (NYCRS) is keeping its office space in Long Island City, Queens. The pension provider renewed its 35,000-square-foot lease at The Factory office complex, Commercial Observer has learned.
Elliott Management Snaps Up Downtown Crossing’s Godfrey HotelThe Godfrey Hotel, a 242-key hotel in Downtown Crossing, has sold for $124 million to an affiliate of Elliott Management, a West Palm Beach, FL firm that manages nearly $80 billion in holdings.
Law Firm Baker McKenzie Expands to 122K SF at 10 Bryant ParkGlobal law firm Baker McKenzie is staying put at its Midtown office tower at 10 Bryant Park and taking more space.
CIM Group Launches National Power PlatformCIM Group has launched Permanent Power Company, a national power platform, following a series of recent transactions that include securing a long-term power purchase agreement (PPA) and a $400-million financing commitment from HPS Investment Partners, part of BlackRock Private…
Skywalker Adds to DFW Office HoldingsSkywalker Property Partners acquired the 73,747-square-foot Eagle Parkway One at 2301 Eagle Parkway from Group O.
Baker McKenzie Expands to 122K SF at 10 Bryant ParkProperty & Building Corporation Ltd. (PBC) has completed a 121,833-squar- foot renewal and expansion lease with global law firm Baker McKenzie at 10 Bryant, a Class A Midtown office tower at 452 Fifth Ave.
Industry Groups Urge Passage of Revised ROAD to Housing ActEleven organizations representing the nation’s rental housing providers signed onto a letter urging Congress to pass the revised 21st Century ROAD to Housing Act and send it to President Trump for his signature.
Development Team Closes on $100M Loan for Sr. Living CommunityBLDG Real Estate and The Fellowship Family closed on $100 million in financing for the 205-unit Fellowship Wildlight in Nassau County.
$1B Fisk Upgrade Includes On-Campus Data CenterFisk University unveiled “Quantum Leap,” the most robust campus master plan in its 160-year history, Quantum Leap brings an estimated $1 billion project to North Nashville over the next decade.
Outrigger Industrial Sells 1 MSF Building at Generation Park in Northeast HoustonHOUSTON — Outrigger Industrial has sold a 1 million-square-foot building within Generation Park, a 4,000-acre master-planned development in northeast Houston.
Representative imageTruCore Industrial Acquires 72,710 SF Industrial Portfolio in Houston, San AntonioHOUSTON AND SAN ANTONIO — Tulsa-based TruCore Industrial has acquired a portfolio of two industrial properties totaling 72,710 square feet, one of which is located in Houston and the other of which is located in San Antonio.
Miramar Pays $56M for Two Charlotte BTR CommunitiesMiramar Capital acquired Towns at Eastland for $27.6 million and Crossings at NoDa for $28.2 million from Hopper Communities.
Representative imageLanCarte Commercial Arranges Sale of 33,000 SF Industrial Building in South Fort WorthFORT WORTH, TEXAS — Locally based brokerage firm LanCarte Commercial has arranged the sale of a 33,000-square-foot industrial building in South Fort Worth. The single-tenant building at 7610 Will Rogers Blvd. is located within Carter Industrial Park.
Representative imageRemedi SeniorCare Signs 10,248 SF Lease Renewal at Flex Building in PlanoPLANO, TEXAS — Remedi SeniorCare of Dallas has signed a 10,248-square-foot lease renewal at 2600 Research Drive, a flex building in Plano.
Guardian Acquires 332-Unit Ladd Tower Apartment Building in Downtown PortlandPORTLAND, ORE. — Guardian has purchased Ladd Tower, an apartment building located at 1300 S.W. Park Ave. in downtown Portland, for an undisclosed price.
JLL Arranges Sale of 365,774 SF Industrial Portfolio Near Los Angeles Across Two Separate TransactionsLOS ANGELES — JLL Capital Markets has arranged the sale of Project Bronco, a multi-submarket industrial portfolio in Los Angeles’ San Gabriel Valley and Orange County submarkets.
Hanley Investment Group Negotiates $12.2M Sale of Single-Tenant Retail Property in Madera, CaliforniaMADERA, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $12.2 million sale of a newly constructed, single-tenant retail property located in the San Joaquin Valley city of Madera.
Colliers Brokers Sale of 321,000 SF Office Building in Kansas CityKANSAS CITY, MO. — Colliers has brokered the sale of 2323 Grand Boulevard in Kansas City’s Crown Center submarket. Evan Warwick of Colliers represented the seller, Stanton Road Capital LLC.
TruCore Industrial Acquires 71,552 SF Single-Tenant Property in Peoria, IllinoisPEORIA, ILL. — TruCore Industrial, an owner and operator of Class B industrial real estate, has acquired a 71,552-square-foot property in Peoria net leased to HD Supply, a wholly owned subsidiary of The Home Depot.
Representative imageFour Retailers Open at 1.1 MSF Rosedale Center in MinnesotaROSEVILLE, MINN. — In April, Swavorski opened a 1,051-square-foot store and PacSun opened its newly remodeled 3,995-square-foot store at Rosedale Center, a 1.1 million-square-foot shopping mall in Roseville within metro Twin Cities.