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Net lease news – page 348
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Peachtree Group Acquires 600,000 SF Distribution Center Near Savannah Leased to Hasbro, Launches DSTMIDWAY, GA. — Peachtree Group has acquired a newly built, 600,000-square-foot distribution center in Midway, about 32 miles southwest of Savannah. The property is fully leased to Hasbro Inc., a toy and game manufacturing company behind brands including NERF, Transformers, G.I.
Comstock Purchases 417-Unit Apartment Community in Rockville, MarylandROCKVILLE, MD. — Comstock Holding Cos. Inc. has purchased The Reed, a 417-unit apartment community located at 15955 Frederick Road in Rockville, about 21 miles north of Washington, D.C.
NRP Group Breaks Ground on 675-Unit Multifamily Redevelopment Project in East AustinAUSTIN, TEXAS — The NRP Group, a Cleveland-based multifamily owner-operator, has broken ground on Phase I of a 675-unit multifamily redevelopment project in East Austin.
$134M Gainesville Port to Open in MayGeorgia Ports Authority’s (GPA) new $134 million inland port in Gainesville opens in May, almost sure to spur industrial growth in the region. At full build-out, the Gainesville Inland Port will have an annual capacity of 200,000 containers.
Representative imageEvergen Equity Acquires 254,457 SF Industrial Portfolio in Houston AreaAUSTIN, TEXAS — Austin-based Evergen Equity has acquired a portfolio of three industrial buildings totaling 254,457 square feet in the Houston area. The portfolio includes an 85,797-square-foot building at 7601 N.
Representative imageForum Energy Technologies Signs 81,138 SF Office Lease Extension in Northwest HoustonHOUSTON — Forum Energy Technologies has signed an 81,138-square-foot office lease extension in northwest Houston. The global manufacturing company that serves the energy sectorwill remain a tenant at Sam Houston Crossing II, a 159,056-square-foot building.
Representative imageWider Commercial Mortgage-Backed Securities Spreads Signal Investor FatigueWhile the commercial mortgage-backed securities market has been going gangbusters of late, investors seem to be saying there is such a thing as too much of a good thing. “Investors are showing some fatigue, as issuance has been very high,” said Lea Overby, head of U.S.
Archer Property Partners Buys Medical Office Portfolio in Orange County for $17.8MRANCHO SANTA MARGARITA, MISSION VIEJO AND COSTA MESA, CALIF. — Archer Property Partners has acquired an outpatient medical office portfolio in Orange County for $17.8 million. Andy Knott and Austin Kanzler of CBRE represented the seller in the transaction.
Avatar Financial Group Provides $16.1M Acquisition Loan for Flex Campus in Hawthorne, CaliforniaHAWTHORNE, CALIF. — Avatar Financial Group has provided a $16.1 million bridge loan for the acquisition of The Yukon, an industrial campus in Hawthorne.
Representative imageCenterSquare, Hamilton Lane to Recapitalize Tenaya Village Retail Strip Center in Las VegasLAS VEGAS — CenterSquare Investment Management and funds managed by Hamilton Lane have announced a partnership to recapitalize Tenaya Village, a 49,554-square-foot retail strip center located in Las Vegas.
Representative imageCushman & Wakefield | PICOR Brokers Sale of 15,023 SF Mixed-Use Property in TucsonTUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of Harrison Professional Plaza, a mixed-use building at 1020 S. Harrison Road in Tucson. RGR16 LLC purchased the asset from BSH Investments LLC for $2 million.
Representative imageSimon Property Group CEO David Simon Passes Away at Age 64INDIANAPOLIS — David Simon, chairman, CEO and president of Indianapolis-based mall owner Simon Property Group, passed away Sunday, March 22, after a battle with cancer. He was 64 years old.
Mid-America Negotiates Sale of Whole Foods Market at Madison Yards in WisconsinMADISON, WIS. — Mid-America Real Estate Corp. has negotiated the sale of a newly developed Whole Foods Market net lease totaling 51,361 square feet at Madison Yards in Madison.
CBRE Arranges Sale of 372-Unit Multifamily Community in IndianapolisINDIANAPOLIS — CBRE has arranged the sale of Deercross, a 372-unit multifamily property in Indianapolis. Iconic Property Partners purchased the asset from an affiliate of Wilkinson Corp. for an undisclosed amount.
Colliers Brokers Sale of 54,672 SF Industrial Facility in Marysville, OhioMARYSVILLE, OHIO — Colliers has brokered the sale of a 54,672-square-foot industrial facility located at 14711 Industrial Parkway in Marysville near Columbus. Delivered in 2024, the property is fully leased to seven tenants averaging 7,810 square feet.
Development Firm BFC Leases Full Floor at RFR’s 17 State St.RFR said Monday real estate development firm BFC Partners has signed a 10-year, 13,758-square-foot full-floor lease at 17 State St. in Lower Manhattan’s Financial District.
Avatar Lends on Vacant Industrial Campus in Hawthorne’s “Space Corridor”Avatar Financial Group LLC has provided a $16.1-million bridge loan secured by The Yukon, a three-building industrial campus totaling 52,074 square feet and located at 13100-13130 Yukon Ave. in Hawthorne.
Siemens Healthineers Selects JLL as Facility Management ProviderJLL announced that Siemens Healthineers, a global provider of healthcare equipment, solutions and services, selected it to provide integrated facilities management services for 5.3 million square feet of office, R&D, lab and biomanufacturing space across 32 states and Canada.
Gowanus Refi Scores a First with Freddie Mac’s New Lease Up ProgramJLL Capital Markets arranged a $136-million financing for 655 Union, a newly delivered 193-unit trophy multifamily property located in the Gowanus neighborhood of Brooklyn.
Arbor House Multifamily Now Pre-Leasing in Arlington HeightsBradford Allen announced the start of pre-leasing at Arbor House, its new luxury apartment community in Arlington Heights, Illinois. Located at 25 E. Algonquin Road, the eight-story community features 301 residences spanning studio, one-, two- and three-bedroom layouts.