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Deals news – page 63
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Representative imageCushman & Wakefield Negotiates 172,089 SF Office Lease in IrvingIRVING, TEXAS — Cushman & Wakefield has negotiated a 172,089-square-foot office lease in Irving’s Las Colinas district. The new tenant, religious nonprofit organization Mercury One, will occupy the entirety of the building at 6655 N. MacArthur Blvd., which was developed in 1997.
Representative imageMarcus & Millichap Brokers Sale of 13,611 SF Retail Strip Center in San Marcos, TexasSAN MARCOS, TEXAS — Marcus & Millichap has brokered the sale of Centerpoint Plaza, a 13,611-square-foot retail strip center in San Marcos, located roughly midway between Austin and San Antonio.
Eaton Vance Spins Off 196-Unit Franklin Apartment ComplexCamden Property Trust paid $43.5 million for Camden Franklin, a 196-unit community in Franklin, Tenn. Eaton Vance Real Estate sold the property after an 11-year hold. Commercial Search reports the company paid $37.3 million for it in 2015.
CBL Sells Land at CoolSprings Galleria Mall in Metro Nashville to Greystar for 361-Unit Apartment DevelopmentFRANKLIN, TENN. — CBL Properties, a publicly traded mall REIT based in Chattanooga, Tenn., has sold a 5.4-acre parcel at CoolSprings Galleria, a nearly 1.2 million-square-foot regional shopping mall in metro Nashville.
Manova Partners Acquires 306,280 SF Industrial Facility in Portland, TennesseePORTLAND, TENN. — Manova Partners has acquired Gateway 65, a 306,280-square-foot industrial facility located along Vaughn Parkway in Portland, about 39 miles north of Nashville in Robertson County.
JLL Brokers $23.5M Sale of Aldi-Anchored Shopping Center in Port Charlotte, FloridaPORT CHARLOTTE, FLA. — JLL has brokered the $23.5 million sale of Promenades Port Charlotte, a grocery-anchored shopping center located at 3280 Tamiami Trail in Port Charlotte.
Representative imageICON Real Estate Advisors Negotiates $7.5M Sale of Newark Apartment BuildingNEWARK, N.J. — Local brokerage firm ICON Real Estate Advisors has negotiated the $7.5 million sale of a 58-unit apartment building in Newark. The building at 469 Elizabeth Ave. offers one-, two- and three-bedroom units.
Safehold Closes on Ground Lease for Santa Cruz Affordable DevelopmentGround lease REIT Safehold Inc. has closed on a $45-million ground lease for the development of an affordable housing community in the Soquel area of Santa Cruz. The project will be developed by The Pacific Companies, a prolific development firm and repeat Safehold customer.
CBRE Arranges $13M Sale of Industrial Portfolio in OhioCBRE has arranged the sale of a two-building, 142,400-square-foot industrial portfolio located in Beavercreek, Ohio. The portfolio was purchased from 2060 Heller LLC and 2070 Heller LLC for $12.5 million.
323K-SF San Antonio Office Campus Acquired to SynerMarkA SynerMark Properties-led partnership purchased Union Square I & II, a 323,949-square-foot office campus in North Central San Antonio. Preferred equity was provided by Tryperion Holdings. The seller was a joint venture led by Worth & Associates.
290K-SF Paris Retail Center Trades HandsCulpetter Realty sold the Paris Towne Center, a 291,958-square-foot, grocery-anchored retail center located in Paris, Texas. The buyer was Corsair Property Company. Paris Towne Center is at the intersection of SE Loop 286 and US Highway 82.
Workplace Safety Platform Intenseye Takes 9K SF at 220 West 19th StreetIntenseye, an artificial intelligence-powered workplace safety platform, has signed a full-floor, 9,485-square-foot lease at Red Circle NY’s 220 West 19th Street in Manhattan’s Chelsea neighborhood, according to landlord broker Avison Young.
Greystar Buys CoolSprings Mall Parcel, Planning 361 Rental UnitsGreystar bought a 5.35-acre portion of a CoolSprings Galleria parking lot from CBL Properties, the developer and owner of the Franklin mall. The Nashville Business Journal reports the deal closed for $11 million.
Representative imageMarcus & Millichap Brokers Sale of 306-Unit Self-Storage Facility in Denison, TexasDENISON, TEXAS — Marcus & Millichap has brokered the sale of A-Alpha Self Storage, a 306-unit facility in the North Texas city of Denison.
CBRE Brokers $7.1M Sale of Bayside Townhomes in Kenosha, WisconsinKENOSHA, WIS. — CBRE has brokered the $7.1 million sale of Bayside Townhomes, a 32-unit multifamily community in Kenosha. CBRE’s Matson Holbrook, Gretchen Richards and Sean Beuche represented the seller, Bayside Townhomes LLC. Campbell Creek Communities LLC was the buyer.
Marcus & Millichap Negotiates $5.6M Sale of Two-Tenant Retail Property in Metro ChicagoALGONQUIN, ILL. — Marcus & Millichap has negotiated the $5.6 million sale of a newly built retail property occupied by Chipotle and First Watch in Algonquin. The 6,150-square-foot asset is located at 1721 S. Randall Road within The Enclave mixed-use development.
JLL Brokers $48.4M Sale of Industrial Park in Fort Myers, FloridaFORT MYERS, FLA. — JLL has brokered the $48.4 million sale of Meridian Business Campus, a four-building industrial park located at 16101-16301 Parallel Drive in Fort Myers.
Berkadia Arranges Sale of 202-Unit Apartment Community in Boiling Springs, South CarolinaBOILING SPRINGS, S.C. — Berkadia has arranged the sale of Villas at Lawson Creek, a 202-unit, garden-style apartment community located at 9159 Asheville Highway in Boiling Springs, a northern suburb of Spartanburg, S.C.
Representative imageAtlantic Capital Partners Negotiates $7.7M Sale of Shopping Center in Wilmington, MassachusettsWILMINGTON, MASS. — Local brokerage firm Atlantic Capital Partners (ACP) has arranged the $7.7 million sale of a 53,679-square-foot shopping center in Wilmington, located north of Boston.
The Plan: Lower Manhattan’s Wrey Rental Tower Is Designed Like a Private ClubAs “Seinfeld” taught us, you can’t acquire grace. At the Wrey, though, a new luxury rental tower in Lower Manhattan, there is grace in every nook and cranny.