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Net lease news – page 35
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Representative imageKadima Industrial Partners Buys 62,500 SF Building in Woburn, MassachusettsWOBURN, MASS. — Kadima Industrial Partners has purchased a 62,500-square-foot building in Woburn, a northern suburb of Boston. The shallow-bay building at 215 Salem St. features 16 loading docks, a clear height of 17 feet and 90-foot truck court depths.
Representative imageNYC SCA to Open 54,245 SF STEAM School in The BronxNEW YORK CITY — The New York City School Construction Authority (SCA) will open a 54,245-square-foot STEAM (Science, Technology, Engineering, Arts & Mathematics) school in The Bronx.
Representative imageAffinity Group Food Service Signs 13,000 SF Office Lease in Bedford, MassachusettsBEDFORD, MASS. — Affinity Group Food Service NE has signed a 13,000-square-foot office lease in Bedford, a northwestern suburb of Boston.
Insignia Revamping Discounted Atlanta-Area Office PropertyInsignia plans to spend over $10 million to revamp a large office complex in Vinings that was formerly Home Depot’s headquarters. The property at 2727 Paces Ferry has approximately 640,000 square feet of office space. It has two 18-story towers.
RISE Obtains $101M Bridge Loan for Jax ApartmentsBWE secured a $101 million bridge loan with HPS, a part of BlackRock, to refinance RISE at Glen Kernan Park, a newly delivered 308-unit luxury active adult (55+) community in Jacksonville, Florida.
HTG Debuts $115M Miami Affordable Housing ProjectHTG and Elite Equity Development, Inc. (EED) opened the doors to Naranja Grand Phase I & Phase II, a multiphase, $115 million affordable housing community delivering a combined 320 income-restricted apartments for seniors and families in South Miami-Dade.
BWE Secures $101M Loan for New Active Adult Community in JacksonvilleJACKSONVILLE, FLA. — BWE has secured a $101 million bridge loan for the refinancing of RISE at Glen Kernan Park, a new active adult community located at 4890 Sweetgrass Place in Jacksonville’s Southside neighborhood.
Representative imagePiedmont Realty Trust Acquires Office Building in Arlington, Virginia for $56.3MARLINGTON, VA. — Piedmont Realty Trust Inc. has purchased a 188,014-square-foot office building located at 4075 Wilson Blvd. in Arlington’s Ballston submarket.
Representative imageMMCC Arranges $53M Refinancing for Build-to-Rent Property in Rogers, ArkansasROGERS, ARK. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $53 million loan for the refinancing of The Grove, a 235-unit build-to-rent (BTR) residential community in Rogers.
Colliers Negotiates $23M Sale of Shopping Center in Trinity, FloridaTRINITY, FLA. — Colliers has negotiated the sale of Trinity Village Center, a 76,834-square-foot shopping center located in Trinity, roughly 30 miles north of Tampa. According to the Tampa Bay Business Journal, Crow Holdings purchased the center for $23 million.
Stockdale Capital Partners, Hamilton Lane Acquire Shoppes at Chino Hills in California for $157MCHINO HILLS, CALIF. — Stockdale Capital Partners, together with funds managed by Hamilton Lane, has purchased The Shoppes at Chino Hills, an open-air lifestyle center in Chino Hills, for $157 million.
Bender Equities Sells Two Multifamily Communities in Oregon to Verdant Development for $83MCORVALLIS AND TALENT, ORE. — Bender Equities has completed the disposition of two apartment assets in Corvallis and Talent to Verdant Development for $83 million. Totaling 438 units, the communities are Oak Vale in Corvallis and Anjou Club in Talent.
Representative imageDavis Property & Investment Receives $12M Refinancing for Multi-Building Industrial Park in DuPont, WashingtonDUPONT, WASH. — David Property & Investment has received $12 million in refinancing for Center Plaza, a multi-building industrial park in DuPont. Mike Wood and Tim Brown of Gantry secured the financing through Securian Financial for the borrower.
Representative imageColdwell Banker Commercial Arranges Sale of 24,014 SF Retail Building in Palm SpringsPALM SPRINGS, CALIF. — Coldwell Banker Commercial Lyle & Associates has facilitated the sale of Liebling Building, a retail property located at 100 N. Palm Canyon Drive in Palm Springs. The asset traded for $14 million.
Representative imageBillion-Dollar Blockbusters Won’t Revive L.A.’s Film IndustryHollywood, or at least some aspect of it, had a summer.
Steven McKessey Joins Rudin as Head of Design and ConstructionOwner and developer Rudin has appointed a new leader for its capital planning, design and construction efforts, Commercial Observer has learned.
Fortress Investment’s Eli Edwards and David Hammerman Don’t Balk at Small DealsThe key to successful investing is often the ability to differentiate between commonly regarded wisdom and reality. Eli Edwards, head of U.S.
Stockdale Capital Partners, Hamilton Lane Acquire Chino Hills Shopping Center For $157MStockdale will be the fourth owner of the property since it was completed by the original developer, Opus West.
Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial IssuesSales of lower-end apartments have been more frequent in Philly as investors seize opportunities left by landlords exiting the market.
Wu Proposes Tax Breaks To Jump-Start Stalled Housing ProjectsMayor Wu's proposal for $31.5M in property tax abatements aims to kick-start stalled projects that would create 1,400 housing units.