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Net lease news – page 68
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Representative imagePrudent Growth Partners Purchases 25,400 SF Retail Center in Ashland, OhioASHLAND, OHIO — Prudent Growth Partners has purchased Amberwood Plaza, a 25,400-square-foot neighborhood retail center located in the north-central Ohio city of Ashland, for $3.5 million.
Representative imageWoodfield to Develop 320-Unit Apartment Community in Brookhaven, GeorgiaBROOKHAVEN, GA. — Woodfield Development plans to develop a new 320-unit apartment community located at 4170 Ashford Dunwoody Road NE in Brookhaven, a northeastern suburb of Atlanta in DeKalb County.
JLL Arranges Sale of Open-Air Retail Center in Land O’ Lakes, FloridaLAND O’ LAKES, FLA. — JLL has arranged the sale of The Hub at Bexley, an open-air retail center located at 16954 Focus Loop in Land O’Lakes, about 20 miles north of Tampa.
Gray Street Partners Offloads 179K-SF San Antonio Retail CenterThe Palomar Group, a full-service commercial investment sales firm headquartered in Augusta, Georgia, announced the sale of Gateway Plaza, a 179,327-square- foot retail center located in San Antonio, Texas.
Newmark Negotiates Sale of 229,307 SF Office Building in Richardson, TexasRICHARDSON, TEXAS — Newmark has negotiated the sale of Tower 2600, a 229,307-square-foot office building located in the northeastern Dallas suburb of Richardson.
Representative imageNAES Corp. Signs 28,000 SF Office Lease Expansion in The Woodlands, TexasTHE WOODLANDS, TEXAS — NAES Corp. has signed a 28,000-square-foot office lease expansion at Hughes Landing in The Woodlands, about 30 miles north of Houston.
125K-SF Decatur Office Complex Trades for $18.6MParmenter Realty Partners and Wellings Capital bought a six-story office building at 160 Clairemont Ave., which is a few blocks north of Decatur Square. The Atlanta Business Chronicle reports the joint venture paid $18.6 million to TerraCap Management.
Representative imageMarcus & Millichap Brokers Sale of 25,113 SF Retail Center in Seabrook, TexasSEABROOK, TEXAS — Marcus & Millichap has brokered the sale of a 25,113-square-foot retail center in Seabrook, about 30 miles southeast of Houston. Seabrook Shopping Center sits on a 1.5-acre site at 2100 E. NASA Parkway.
CBRE Arranges $21M Sale of Tournament Patio Apartments in Torrance, CaliforniaTORRANCE, CALIF. — CBRE has arranged the $21 million sale of Tournament Patio Apartments in the Southern California city of Torrance. JS Bower Foundation sold the property to Good Capital Group. Situated on 1.7 acres at 4111 W.
Sherman Associates Closes $136M Financing for Rochester MF ProjectSherman Associates announced the financial closing on a multifamily development in downtown Rochester, Minnesota. The mixed-income development will bring 349 new homes to downtown Rochester along the Zumbro River and adjacent to the Mayo Clinic campus.
Representative imageVenture West Group Sells Innovation Park in Oro Valley, Arizona for $21.2MORO VALLEY, ARIZ. — Venture West Group has sold Innovation Park, a 333-acre master-planned business park in Oro Valley, to Bourn Cos. for $21.2 million.
Packaging Manufacturer, Recycler Signs 141,540 SF Industrial Lease in North Las VegasNORTH LAS VEGAS, NEV. — ALPLA, a global plastics manufacturer and recycler, has signed a 141,540-square-foot industrial lease at Building A within Craig Road Logistics Center in North Las Vegas. The Class A industrial facility is located at 4340 N.
Merritt Starts Work on 790K-SF Cary Warehouse FacilityMerritt Properties has broken ground on RDU Business Park, a 150-acre light industrial development located three miles from Raleigh-Durham International Airport within the Town of Cary.
PGIM Provides $136.3M Financing for 7-Asset Manufactured Housing PortfolioPGIM’s Real Estate Investment Group has provided $136.3 million in floating-rate financing to Bedrock Communities on behalf of its core-plus debt strategy for a seven-asset manufactured housing portfolio across central Florida. The portfolio comprises 1,577 sites.
Cold Storage Facilities See Record Vacancy, Flight To Newer PropertiesVacant cold storage warehouse space totaled 56 million cubic feet, with older warehouses hit especially hard.
Arca Financial Group Takes 8K SF at Moinian’s 60 Madison AvenueA wealth management firm is moving into a new office north of Manhattan’s Madison Square Park. Arca Financial Group signed a five-year, 7,500-square-foot lease for a prebuilt space on the 10th floor at the Moinian Group’s 60 Madison Avenue, according to the landlord.
Dolly Parton Leaves Behind A Real Estate 'Empire' She Once Dreamed OfThe music icon, who died at 80 years old this week, invested her royalties in theme parks, hotels and offices.
KCI Technologies Moves Headquarters in Maryland With 54K SF LeaseKCI Technologies is relocating its corporate headquarters within Maryland, moving about 300 employees from Sparks to Hunt Valley. The engineering, consulting and construction firm signed a 53,344-square-foot lease at St.
Hawkins Way JV Acquires East Village Student HousingHawkins Way Capital and its joint venture partner, Varde Partners, have acquired 135 E. 12th St., a student housing property located in the East Village’s prime educational district. The purchase price was reportedly $51.5 million.
Appraisal Knocks $78M In Value Off Huge Suburban Atlanta MallThe nonanchor section of the 1.1M SF mall is 94% leased but still in default of its loan obligations.