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Net lease news – page 373
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Representative imageFogelman, Thackeray Purchase 200-Unit Apartment Complex in Germantown, TennesseeGERMANTOWN, TENN. — A joint venture between locally based Fogelman Properties and Dallas-based Thackeray Partners has acquired The Vineyards, a 200-unit luxury apartment complex located in Germantown, roughly 21 miles southeast of Memphis.
Representative imageNew State Capital Partners Acquires Vast Coworking GroupNEW ROCHELLE, N.Y. AND WEST PALM BEACH, FLA.
Representative imageContainer Collective to Relocate to Morris Square Mixed-Use Development in Downtown CharlestonCHARLESTON, S.C. — The Container Collective, a holistic wellness center and coworking community for practitioners, will relocate to Morris Square, a mixed-use redevelopment in downtown Charleston.
Representative imageCBL Properties Acquires Gateway Mall in Lincoln, Nebraska for $43.5MLINCOLN, NEB. — CBL Properties has acquired Gateway Mall in Lincoln for $43.5 million from Washington Prime Group. CBL financed the acquisition with a $21 million loan provided by Symetra Life Insurance Co. The five-year loan features a fixed interest rate of 6.46 percent.
Representative imageCBRE Brokers Sale of 290,016 SF Village Park Plaza Shopping Center in Metro IndianapolisCARMEL, IND. — CBRE has brokered the sale of Village Park Plaza, a 290,016-square-foot shopping center in the Indianapolis suburb of Carmel.
Transwestern Negotiates 72,645 SF Office Lease at Michigan Plaza in ChicagoCHICAGO — Transwestern has negotiated a 72,645-square-foot office lease at Michigan Plaza in Chicago. Mark Buth, Kathleen Bertrand and Steve Hennessy of Transwestern represented the landlord, Aegis Asset Management.
Associated Bank Provides $7.6M Construction Loan for Chicago Apartment BuildingCHICAGO — Associated Bank has provided a $7.6 million construction loan for a five-story, 40-unit apartment building located at 4725 N. Clifton Ave. in Chicago. CEDARst Cos. is developing the transit-oriented project, which is named Clifton Uptown.
AI Sales Firm Clay Signs 163K-SF Lease at SL Green’s 11 Madison AvenueAn artificial intelligence-driven sales platform is relocating to SL Green Realty’s 11 Madison Avenue. Clay, a firm native to Brooklyn, signed a 10-year, 163,095-square-foot lease on the 14th and 16th floors of the 2.3 million-square-foot office tower.
Investment Bank BrightTower Signs 14K-SF Deal at Rudin’s 41 Madison AvenueAn investment banking and advisory services firm is relocating from its current offices at 110 East 25th Street just one block northwest in Manhattan’s Flatiron District, Commercial Observer has learned.
1540 Broadway Secures 74K SF of New Office LeasesGFP Real Estate and BDT & MSD Partners announced that 1540 Broadway has signed more than 74,000 square feet in new long-term office leases with Pandora Jewelry and Woori Bank New York Agency.
Slatt Arranges Life Company Financing for Pasadena Mixed-UseSlatt Capital, a nationally recognized commercial mortgage banking firm, closed a financing transaction totaling $10.2 million for a mixed-use project in Pasadena.
Marcus & Millichap Closes Sale of Court Square Development SiteMarcus & Millichap closed the $9.75-million sale of 42-81 Hunter St., a development site in the Court Square neighborhood of Long Island City, Queens.
Lender Acquires Irvine Concourse Offices for Headquarters UseNewmark represented West Capital Lending in its $23.75-million acquisition of 17911 Von Karman Ave., a 104,375-square-foot, five-story Class A office building located in the Irvine Concourse submarket of Irvine.
Marx Realty Launches Expansion at Yonkers’ Cross County CenterMarx Realty has begun construction on a two-building, 58,000-square-foot retail expansion at Cross County Center in Yonkers, NY.
MassDevelopment Names New Leader in DevensMichael R. Sweeney will join MassDevelopment later this month as EVP of Devens operations.
Clear Height Completes Disposition of Elk Grove Village Industrial PropertyClear Height Properties and its joint venture partner Harbert Management Corporation announced the disposition of Triangle Corporate Center, a multi-tenant flex industrial property located at 1400 Elmhurst Road in Elk Grove Village, Illinois.
Harrison Street Asset Management Sells UK Student Housing PortfolioChicago-based Harrison Street Asset Management announced the sale of a purpose-built student accommodation portfolio in Bristol, United Kingdom to Ottoway Portfolio Holdings. CBRE advised the seller on the transaction.
Optimus Expands Retail Presence on San Francisco PeninsulaOptimus Properties, LLC, a Los Angeles-based real estate investment and development firm, closed on the acquisition of the Laurel Street Retail Portfolio, a three-building, non-contiguous street retail portfolio located in downtown San Carlos.
Colliers Closes Sale of 748K-SF Industrial Facility Near KC AirportColliers has completed the sale of a 748,833-square-foot, modern bulk industrial facility located at 4400 State Route 92 in Platte City, Missouri, within the Kansas City MSA.
Federal Realty Investment Trust Plans Upgrades for Arlington Shopping CenterFederal Realty Investment Trust announced a phased program of comprehensive enhancements at the Village at Shirlington, the first large shopping center to open in the Washington, D.C. suburbs.