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Net lease news – page 70
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One Of Singapore's Largest REITs Plans To Sell 40% Of Its U.S. Data CentersMapletree's 22-building portfolio is spread across 15 states, and most are fully leased.
Southern Land Co. Inks $165.9M Construction Loan for Upper Kirby Mixed-Use ProjectSouthern Land Co. has secured $165.9 million in financing for a mixed-use development underway in Houston’s Upper Kirby area. The Houston Business Journal reports that Bank OZK issued the loan to support the construction of the 2811 Kirby development.
BHI Lends $50M on SoCal Inland Empire Master-Planned ProjectDO Capital Group has sealed $50 million of construction financing to develop a mixed-use master-planned community in Jurupa Valley, Calif., Commercial Observer has learned.
Lincoln Property Sells Off Last Two Buildings of Glendale Development for Record PriceLincoln Property Company sold the last two buildings in its four-building, 210-acre Park303 logistics development in Glendale, Arizona for $170,250,000. Nuveen was the buyer. The deal marks the highest two-building sale price in Arizona history.
Data Center Development Fuels Increasing Share of Industrial DemandGrowth in data center development is fueling an increasing share of U.S. industrial demand, CoStar Group reported.
Walmart Closes on Celina Property, 2nd Store on WayA second Walmart is coming to Celina. The company bought 41 acres at the southeast corner of FM 455 and the Dallas North Tollway, adjacent to Legacy Hills in Celina, a substantial master-planned community in Celina. The town is America’s fastest-growing town.
Aarthi Bansidhar Joins Midwood as Chief Financial OfficerNew York City-based private real estate firm Midwood Investment & Development has hired a new chief financial officer.
Doral Whole Foods-Anchored Retail Center Trades for $83MA Whole Foods-anchored retail center in Doral has sold for $83 million. The recently completed Doral Marketplace was sold by SJC Ventures. The buyer was a group led by Jonathan Perlman. Perlman runs senior living and memory care facilities.
Let’s Do the “Mini” TwistExecutive Summary The Treasury Department’s decision to double long-end bond buybacks produced the desired initial market response, but investors should not confuse a successful squeeze on crowded positions with a durable change in the interest rate outlook.
Northmarq Arranges $102M in Financing for 1.3 MSF Industrial Project in Baytown, TexasBAYTOWN, TEXAS — Northmarq has arranged $102 million in financing for a 1.3 million-square-foot industrial project that will be located in the eastern Houston suburb of Baytown.
Merchants Capital Provides $193M in Financing for Two Affordable Housing Projects in Rocklin, CaliforniaROCKLIN, CALIF. — Merchants Capital has provided roughly $193 million in financing for The Frances and The Steven, a pair of affordable housing developments in Rocklin, about 20 miles north of Sacramento.
LV Collective Completes 829-Bed Student Housing Community Near Arizona State UniversityTEMPE, ARIZ. — LV Collective, in partnership with Kayne Anderson Real Estate, has completed Rambler Tempe, a purpose-built student housing property located at 1020 E. Apache Blvd. in Tempe, home of Arizona State University.
FRP, Woodfield Begin Work on Expansive Estero DevelopmentFRP Development Corp, in partnership with Woodfield Development, has started construction on the first phase of its Coconut Road mixed-use development in the Village of Estero, Florida.
City of Alpharetta Approves North Point Mall Rezoning for Planned Hockey-Anchored Mixed-Use VillageALPHARETTA, GA. — The Alpharetta City Council has approved the rezoning of North Point Mall, a shuttered 1.3 million-square-foot shopping mall that originally opened in 1993.
Sheppard Law Firm Signs 107,224 SF Office Lease in Downtown D.C.WASHINGTON, D.C. — Sheppard, a law firm that employs more than 1,200 lawyers nationally, has signed a 107,224-square-foot lease at 2033 K Street, a trophy office redevelopment project in downtown Washington, D.C.
Alpharetta Mall May Convert to Mixed-Use Entertainment CenterThe North Point Mall may be transformed into a sports-adjacent, mixed-use entertainment center.
Landes Group Acquires Healthcare Center in Central Arkansas, Signs UAMS as OperatorBRYANT, ARK. — The Landes Group has acquired Encore Medical Center, a 108,055-square-foot healthcare property in Bryant, about 19 miles southwest of Little Rock.
Representative imageMarcus & Millichap Brokers Sale of 645-Unit Self-Storage Facility in San AntonioSAN ANTONIO — Marcus & Millichap has brokered the sale of a 645-unit self-storage facility in San Antonio. CubeSmart manages the facility, which sits on a 10.6-acre site on the city’s southwest side and spans 115,240 net rentable square feet.
Representative imageDisney Investment Group Negotiates Sale of 167,000 SF Shopping Center in Mesquite, TexasMESQUITE, TEXAS — Local brokerage firm Disney Investment Group has negotiated the sale of Towne Crossing, a 167,000-square-foot shopping center in Mesquite, an eastern suburb of Dallas.
MDH Partners Buys Serrano Industrial Park in California’s Inland Empire WestJURUPA VALLEY, CALIF. — Atlanta-based investment firm MDH Partners has purchased Serrano Industrial Park, a Class A manufacturing campus in the Inland Empire city of Jurupa Valley. The new acquisition brings MDH’s California footprint to more than 1.5 million square feet.