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Net lease news – page 378
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Representative imageJLL Negotiates $53M Sale of Mixed-Use Development Site in Lower ManhattanNEW YORK CITY — JLL has negotiated the $53 million sale of a mixed-use development site in Lower Manhattan’s Financial District. The site at 75–83 Nassau St.
JLL Brokers Sale of Overlook at Oakbrook Retail Center in Metro Chicago for $44MOAK BROOK, ILL. — JLL Capital Markets has brokered the $44 million sale of Overlook at Oakbrook, an unanchored retail strip center in Oak Brook that was constructed in 2023 and is located across from Oakbrook Center shopping mall.
Core Spaces Acquires 972-Bed Student Housing Community Near University of MissouriCOLUMBIA, MO. — Core Spaces has acquired The Collective at Columbia, a 972-bed student housing community near the University of Missouri in Columbia. Preiss and a real estate fund advised by Crow Holdings Capital sold the 318-unit property.
Foth Relocates to 23,500 SF Office Space at Historic Carpenter Building in Des MoinesDES MOINES, IOWA — Foth, an engineering services firm, has relocated to the historic Carpenter Building in downtown Des Moines. Savills managed the lease negotiations, project management and office build-out for the 23,500-square-foot space.
Representative imageLogistics Property Co. Inks 970 KSF Lease at Philly WarehouseThe building came online last year. The post Logistics Property Co. Inks 970 KSF Lease at Philly Warehouse appeared first on Commercial Property Executive.
Representative imageCredit Union Buys Houston Office BuildingThis property previously traded in 2023 for $101 million. The post Credit Union Buys Houston Office Building appeared first on Commercial Property Executive.
Representative imageBioMed Realty Lands Full-Building Tenant Near DenverA developer of peptide drugs signed the 15-year lease. The post BioMed Realty Lands Full-Building Tenant Near Denver appeared first on Commercial Property Executive.
Representative imageExclusive: Publix Buys North Carolina Asset It AnchorsThe company started purchasing such properties in 2023. The post Exclusive: Publix Buys North Carolina Asset It Anchors appeared first on Commercial Property Executive.
Steadfast Financial Signs Five-Year Renewal at 450 Park Ave.SL Green Realty Corp. said Wednesday it had secured a five-year, 21,640 square foot renewal with Steadfast Financial LP covering the entire 20th and 21st floors of 450 Park Ave. in Midtown Manhattan.
NYC Wellness Brand Comes to Hollywood for First West Coast LocationCBRE arranged a nearly 55,000‑square‑foot lease at 6400 Sunset Blvd. in Hollywood for Bathhouse, which will open its first West Coast flagship at the freestanding retail property.
LIC Multifamily Tower Secures $111M Bridge Loan from PGIMAmerican Lions, a joint venture between Fetner Properties and Lions Group, secured a $111-million bridge loan for The Bold, a 28-story, 164-unit multifamily tower located at 27-01 Jackson Ave. in Long Island City.
NJ Clothing Distributor Concludes Lengthy Search with Fontana AcquisitionDAUM Commercial Real Estate Services directed the $30.2-million sale of 6260 Mango Ave., a 113,930-square-foot Class A industrial distribution building in Fontana, within San Bernardino County.
Inland Real Estate Acquires Luxury LI Multifamily for $190MJLL Capital Markets secured the $190-million sale of The Arboretum, a 292-unit luxury multifamily development in Farmingville, NY, within Suffolk County.
Well-Located Neighborhood Strip Center Sells for $11MAtlantic Capital Partners closed the sale of 18-20 Main St., a fully leased neighborhood strip center located in North Reading, MA, within affluent Middlesex County.
Two Davis Apartment Complexes Sell for First Time Since 1980sTranswestern announces that it brokered the sale of a two-complex multifamily portfolio consisting of 140 units in Davis for $42.8 million, or $306,000 per unit.
Illinois Ranks No. 2 for Corporate Expansion ProjectsThe Illinois Economic Development Corporation (Illinois EDC) shared that Illinois ranks second for corporate relocations and expansions, according to economic development trade publication Site Selection.
CBRE Appointed Exclusive Sales Agent for Former Mall Site in St. LouisCBRE has been appointed as the exclusive sales agent for the site of the former Jamestown Mall, a 144-acre development-ready parcel in St. Louis. CBRE’s Matt Bukhshtaber, Rick Eiseman and Anne Rahm will market the property on behalf of the St. Louis County Port Authority.
Representative imageUber Expands by 86K SF at 3 World Trade CenterRide-sharing giant Uber Technologies has taken up a bigger parking space at 3 World Trade Center. Uber has expanded by 86,071 square feet at the Silverstein Properties-owned office tower in Manhattan’s Financial District, according to a March office report from CBRE.
Development Site Across from UCLA Fetches $38M in Off-Market SaleNewmark completed the $38.2-million sale of 10918-10926 Le Conte Avenue, a 1.16-acre land site with a 9,647-square-foot office building in Westwood.
Kidder Mathews Brokers Sale of 12K-SF Auburn Showroom, Service FacilityKidder Mathews brokers Matt McLennan, SIOR, CCIM, and Peter Wooding successfully completed the sale of the 11,900-square-foot showroom, office, and service facility located at 1743 W Valley Hwy S in Auburn, Washington.