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Net lease news – page 332
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TSB Realty Brokers Sale of 528-Bed Student Housing Community Near Ole MissOXFORD, MISS. — TSB Realty has brokered the sale of U Club Townhomes at Oxford, a 528-bed student housing community located near the University of Mississippi (Ole Miss) campus in Oxford. College Town Communities purchased the property from an undisclosed seller.
GFP Real Estate Receives $83M Loan for Refinancing of Manhattan Office, Retail BuildingNEW YORK CITY — Local owner-operator GFP Real Estate has received an $83 million loan for the refinancing of 100 Crosby Street, an office and retail building in Manhattan’s SoHo neighborhood.
Representative imageSouth African Consulate Signs 31,494 SF Office Lease in Midtown ManhattanNEW YORK CITY — The South African Consulate has signed a 31,494-square-foot office lease in Midtown Manhattan. The diplomatic organization will occupy the penthouse space at 805 Third Avenue, a 31-story building.
Representative imageBlackstone Provides $851M Refi for 17-Asset U.S. Industrial PortfolioCBRE Investment Management, the independently owned investment arm of global brokerage CBRE, has secured $850.5 million to refinance a 17-asset portfolio of Class A industrial facilities spread throughout the U.S., Commercial Observer can first report.
Colliers Arranges $56M Sale of 200-Unit Multifamily Community in DenverDENVER — Colliers has directed the sale of Momentum at First Creek, an apartment property located at 5500 Telluride St. in Denver. A local Colorado-based developer sold the asset to a private out-of-state investment firm for $56 million.
Realty Income Acquires Industrial Facility in Poway, California for $43.3MPOWAY, CALIF. — Realty Income has purchased a light industrial and manufacturing facility, located at 13100 Danielson St. in Poway, for $43.3 million. Hunter Rowe, Brian Russell, Michael Longo and Matt Carlson of CBRE represented the undisclosed seller in the deal. Situated on 7.
Maersk Signs 233K-SF Lease at NJ’s Linden Logistics CenterThe sponsorship team at New Jersey’s Linden Logistics Center has secured a new tenant for more than a quarter of a million square feet of Class A industrial space.
Teapulse Signs Plaza District Lease for Eighth LocationManhattan Skyline Management Corp. secured a new long-term retail lease with tea and pastry shop Teapulse at 1375B Sixth Ave. in Midtown Manhattan’s Plaza District. It represents Teapulse’s eighth location across Manhattan, Brooklyn and Queens.
Colliers Arranges La Mirada Lease Renewal for Landlord BrookfieldColliers arranged a five-year lease renewal valued at approximately $21 million on a 248,105-square-foot industrial property located at 14555 Alondra Blvd. in La Mirada. Senior EVP Chuck Wilson represented the landlord, Brookfield Properties.
Upper East Side Condo Project Reaches 85% Sold in Less Than Three MonthsLegion Investment Group and Nahla Capital announced that 1122 Madison Avenue is 85% sold.
Hanley Closes Two Quick Quack Sales in San Bernardino CountyHanley Investment Group Real Estate Advisors arranged the sale of two new-construction, single‑tenant Quick Quack Car Wash properties in Hesperia and San Bernardino. Each property is secured by a new 20‑year absolute triple-net ground lease.
Monday Properties, KPR Refi Westchester IndustrialMonday Properties and KPR Centers secured the $19.5-million refinancing of 1 Half Moon Bay Dr., a 118,911-square-foot single-tenant industrial distribution facility in Croton-on-Hudson, NY.
Village Works Achieves First WELL Coworking Rating in the U.S.The Village Works has achieved the first WELL Coworking Rating in the U.S. for a flexible workspace.
Marcus & Millichap Arranges $12M Sale of Wisconsin TownhomesMarcus & Millichap brokered the sale of Evergreen Townhomes, a 76-unit multifamily property in Manitowoc, Wisconsin. The property sold for $12.3 million, or $161,842 per unit.
Partnership Acquires Del Mar Heights Offices for $43MBridgeway Real Estate Partners, in partnership with LBX Investments, has acquired Plaza Del Mar, a 120,000-square-foot office campus located at 12520 and 12526 High Bluff Dr. in the Del Mar Heights submarket of San Diego, for $43 million.
Entre Commercial Realty Completes 24K-SF Industrial LeaseEntre Commercial Realty LLC arranged a lease of 26,260 square feet of industrial space at 909-911 Orchard Street in Mundelein, Illinois.
Representative imageNFL’s Commanders Sign Office Lease in D.C.’s Foggy BottomQuarterback Jayden Daniels is good, but is he good enough to save the D.C. office market?
JP Morgan Refis 625 Fulton Street With $765M LoanRabsky Group has secured $765 million of permanent debt to refinance a newly completed multifamily tower in Downtown Brooklyn. J.P.
DivCore, ICONIQ Target $2.5B of Class A Multifamily Acquisition and DevelopmentDivCore Capital has launched a new residential investment platform, Sentral Strategic Partners, alongside ICONIQ and Sentral that is designed to invest in Class A multifamily acquisitions and development across major U.S. markets.
9 West 57th Street Gets $327.50 a Square Foot for Office Lease — Likely an NYC RecordSoloviev Group, a prominent New York City-based development firm led by Stefan Soloviev, has signed what it calls a “record-setting lease deal” at its flagship office tower in Midtown, the company announced Wednesday.