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Net lease news – page 377
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Representative imageMapletree Sells Industrial Portfolio for $575MThe deal brings the investor's industrial dispositions since last summer to upward of $1.2 billion. The post Mapletree Sells Industrial Portfolio for $575M appeared first on Commercial Property Executive.
EQT Real Estate Acquires 4.4M-SF East Coast Industrial Portfolio for $575MEQT Real Estate, a real estate investment manager and developer specializing primarily in industrial properties, has acquired a 4.4 million-square-foot industrial portfolio along the East Coast for $575 million, seller Mapletree Investments announced Thursday.
Logistics Firm Building 1.45M-SF DFW Industrial ParkLogistics Property purchased a 109-acre site in Grand Prairie with plans to develop what it calls Bear Creek Logistics Park. The site is located at 701 West Rock Island Road, south of Dallas-Fort Worth International Airport.
Manhattan Community Board 4 Moves Offices to 630 Ninth AvenueManhattan Community Board 4 is relocating its offices within Midtown with an 1,878-square-foot lease.
Round Rock’s The District Starts Off with Apartment ComplexMark IV Capital and W.E. O’Neil Construction commenced vertical construction at The District in Round Rock, Texas, a multiphase development.
Crypto Exchange Coinbase to Invest $30M to Expand Office at One Madison AvenueCoinbase, a leading cryptocurrency exchange platform, has plans to invest a total of $30 million to expand and revamp its office at SL Green Realty’s One Madison Avenue just east of Madison Square Park.
Wentworth Property Picks Up 238K-SF Office Campus Near TSMCWorkspace Property Trust has offloaded a 238,000 square foot office complex on Phoenix’s north side. Wentworth Property paid $26.7 million for the office campus. The campus includes two three‑story buildings with 39,750‑square‑foot floor plates.
Griffis Scores Refi for Denver Rental CommunityGriffis Residential obtained a $40 million refinancing of Griffis Belleview Station, a 238-unit multifamily community in Denver. Built in 1999, the garden-style community consists of 11 three-story buildings on 11.20 acres and maintains strong occupancy at 94.96%.
Stoa Group Moving Ahead on $60M Charlotte Apartment CommunityStoa Group broke ground on The Waters at Robinwood, a 288-unit garden-style multifamily community at 10700 Harrisburg Road in Charlotte. The total project is estimated to cost around $60 million. It is expected to deliver in fall 2027.
Representative imageMillichap Brokers Sale of 466-Unit Self-Storage Facility in Crowley, TexasCROWLEY, TEXAS — Marcus & Millichap has brokered the sale ofDry Dock & Lock, a 466-unit self-storage facility in Crowley, a southern suburb of Fort Worth.
Rockefeller Group, Pelican Begin Leasing 298-Unit Multifamily Project in Katy, TexasKATY, TEXAS — A partnership between New York City-based Rockefeller Group and Pelican Builders has begun leasing Hudson Crossing, a 298-unit multifamily project in the western Houston suburb of Katy.
Representative imageXceed Office Signs 22,450 SF Lease in Houston’s Galleria DistrictHOUSTON — Xceed Office, a provider of executive suites, has signed a 22,450-square-foot lease in Houston’s Galleria district. The space spans a full floor within 5POP, a 28-story, 566,773-square-foot building.
Atlantic Cos. Secures Construction Financing, Breaks Ground on Mixed-Use Project in Roswell, GeorgiaROSWELL, GA. — The Atlantic Cos. has secured construction financing and commenced construction on Hillrose Market, a seven-acre mixed-use development in downtown Roswell, a northern suburb of Atlanta.
CBRE Arranges $58M Acquisition Financing for Industrial Portfolio in Metro NashvilleGOODLETTSVILLE AND SMYRNA, TENN. — CBRE has arranged $58 million in acquisition financing for a last-mile industrial portfolio in metro Nashville spanning more than 600,000 square feet. Mike Ryan, Richard Henry, J.P.
Banyan Street, Lafayette Street Acquire Harborview Plaza Offices in Tampa for $39.5MTAMPA, FLA. — A partnership between Banyan Street Capital and Lafayette Street Capital has acquired Harborview Plaza, a 6.7-acre, waterfront office complex in Tampa’s Westshore submarket. Atlanta-based Cousins Properties sold the 206,329-square-foot property for $39.5 million.
Workspace Property Trust Sells Two-Building, 238,500 SF Office Campus in PhoenixPHOENIX — Workspace Property Trust has completed the disposition of a two-building office campus in Phoenix. An affiliate of Wentworth Property Co. acquired the property for an undisclosed price.
ECI Group Sells 260-Unit Apartment Community in McDonough, GeorgiaMCDONOUGH, GA. — ECI Group has sold The Corwyn South Point Apartments, a 260-unit community located at 1000 Columns Drive in McDonough, a southern suburb of Atlanta. Morgan Properties purchased the property for an undisclosed price.
Representative imageNewmark Brokers $38.2M Sale of Land Site, Office Building in Westwood, CaliforniaWESTWOOD, CALIF. — Newmark has arranged the sale of 10918-10926 Le Conte Avenue, a land site with a 9,647-square-foot office building in Westwood. An undisclosed buyer acquired the asset from Le Conte Westwood Development for $38.2 million.
Phillips Edison & Co. Buys 46,406 SF Shops at Plaza West Covina in CaliforniaWEST COVINA, CALIF. — Phillips Edison & Co. has acquired Shops at Plaza West Covina, a retail property located at 310 S. California Ave. in West Covina, from an undisclosed seller for $25.8 million.
Gantry Secures $10.2M Refinancing for Terminal Sales Office Building in Downtown SeattleSEATTLE — Gantry has secured a $10.2 million permanent loan to refinance the historic Terminal Sales office building in downtown Seattle. Located at 1932 1st Ave., adjacent to Pike Place Market, the 11-story, 92,400-square-foot building was originally delivered in 1925.