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Net lease news – page 32
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Lone Star Seeks 58% Uplift In Under 3 Years With £175M UK Mall SaleLone Star seeks £64M profit from Aberdeen's Union Square sale, enhancing leasing and tenant investment for a 58% price premium.
29th Street Trades Aurora Apartment Community for $72.5M29th Street Capital sold the Peakline at Copperleaf apartments for $72.5 million, a significant dip from the price the company paid for the property four years ago. The company paid $104 million from the development iin 2022.
Kemper Development Selects Eastdil Secured Savills to Lead Bellevue Collection SaleFollowing the recent announcement that the Freeman family, owners of Kemper Development Company (KDC), was exploring a sale of The Bellevue Collection, KDC has selected Eastdil Secured Savills to provide guidance for the next phase of the sales process.
Prologis Buys JFK Airport Warehouse From Wildflower for $49MPrologis is taking control of a last-mile logistics facility near Queens’ John F. Kennedy International Airport.
Brookfield to Acquire Minority Interest in American Real Estate PartnersAmerican Real Estate Partners (AREP) and Brookfield Asset Management announced that affiliates of Brookfield have agreed to acquire a minority interest in AREP for an undisclosed amount.
Apartment, Townhome Complex in Sammamish Trades HandsCBRE arranged the sale of Boulder Creek, a 204-unit multifamily community in Sammamish, Washington. Eli Hanacek, Kyle Yamamoto and Natalie Kasper with CBRE’s Pacific Northwest Multifamily team represented the seller, Nuveen, in the transaction. The buyer was not disclosed.
Saval Foods Headquarters, Distribution Center Breaks Ground in MarylandFoodservice distribution company Saval Foods, in partnership with Howard Hughes Communities, has broken ground on a new headquarters facility.
BOMA: Commercial Buildings Generate $610B of Economic ActivityOperation and maintenance of office, retail and industrial buildings across 79 U.S. markets generate $609.9 billion in annual economic output and support 3.9 million jobs, the Building Owners and Managers Association International (BOMA) said Wednesday.
Harold E. Eisenberg Foundation Expands Mentorship Program into IndianapolisThe Harold E. Eisenberg Foundation is expanding its real estate mentorship program to Indiana.
Dermody Breaks Ground on 358K-SF Suburban Chicago Industrial ProjectDermody broke ground on the LogistiCenter at Berkeley, a 357,619-square-foot facility located at 5300 St. Charles Road in Berkeley, Illinois.
Colliers Facilitates Sale of 257K-SF Industrial Property in OhioColliers has facilitated the sale of 2039 Pittsburgh Drive, a 257,120-square-foot industrial distribution facility in Delaware, Ohio.
Embrey to Raze Alamo Heights Rental Units, to Build 296 New OnesThe Alamo Heights City Council has agreed to Embrey’s plan to tear down the 105-unit Treehouse Apartments and replace them with a five-story project called Grove Place.
Representative imageWatch Brand Fossil Renews 15K-SF Showroom Lease at 366 Fifth AvenueA well-known watch brand is renewing its Midtown showroom, Commercial Observer has learned. Fossil, which sells affordable watches and accessories, has signed a renewal for the 14,786 square feet it occupies on the entire second floor of Joseph P.
Representative imageJE Richards Signs 935,000 SF Industrial Lease in Stafford, VirginiaSTAFFORD, VA. — JE Richards, an electrical components manufacturer serving the data center industry, has signed a full-building lease at Capitol Logistics 95, a nearly 935,000-square-foot industrial building in Stafford.
Nuveen Sells 207,877 SF Shopping Center in Palm Beach Gardens, FloridaPALM BEACH GARDENS, FLA. — Nuveen Real Estate has sold Promenade Shopping Plaza, a 207,877-square-foot shopping center located in Palm Beach Gardens. Boston-based Mount Vernon Co. purchased the Publix-anchored center.
Space Craft Begins Leasing 389-Unit Apartment Community in CharlotteCHARLOTTE, N.C. — Space Craft has launched leasing at Oxbow, a 389-unit apartment development underway at 2125 N. Davidson St. in Charlotte’s Optimist Park neighborhood. Sentral manages the apartment community, which is will provide direct access to the Cross Charlotte Trail.
Thorofare Capital Provides $35M Loan for Refinancing of Industrial Property Near Port of SavannahHARDEEVILLE, S.C. — Thorofare Capital has provided a $35 million loan for the refinancing and lease-up of Gateway Commerce Park, a two-building industrial park near the Port of Savannah.
April Housing Reopens North Dallas Mixed-Income Community Following $20M RehabilitationDALLAS — April Housing, Blackstone Real Estate’s affordable housing division, has reopened Waterford at Goldmark Apartments, a 220-unit mixed-income housing community in North Dallas, following a $20 million renovation.
Representative imageSuperior Energy Signs 56,256 SF Office Headquarters Lease in West HoustonHOUSTON — Superior Energy Services has signed a 56,256-square-foot office headquarters lease in West Houston. The oilfield services company is relocating from 1001 Louisiana in downtown Houston to the 13-story, 225,024-square-foot building at 8020 Katy Freeway.
Representative imageMarcus & Millichap Brokers Sale of 50,000 SF Industrial Complex in Northwest HoustonHOUSTON — Marcus & Millichap has brokered the sale of The Workshops at Breen, a 50,000-square-foot industrial complex in northwest Houston.