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Deals news – page 75
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Geneva Commons Adds New Retail, Restaurant LeasesLamar Companies and Real Capital Solutions, alongside the leasing team at Mid-America Asset Management, have signed 45,951 square feet of new retail and restaurant leases at Geneva Commons, a retail center in Geneva, Illinois, increasing occupancy from 88% to 95% in under two…
Strada Pays $103M for Samsara HQ in San Francisco’s Showplace SquareStrada Investment Group closed on a deal to purchase wireless networking company Samsara’s headquarters in San Francisco’s Showplace Square.
ESRT Buys Ground Beneath Two Midtown Properties for $114MEmpire State Realty Trust (ESRT) has closed on a pair of deals to buy the land beneath two of its Midtown properties. The real estate investment trust (REIT) announced Tuesday that it paid a total of $113.6 million for the dirt beneath 111 West 33rd Street and 1400 Broadway.
Newmark Brokers Sale of 332,309 SF Shopping Center in Newport, KentuckyNEWPORT, KY. — Newmark has brokered the sale of Newport Pavilion, a 332,309-square-foot shopping center in Newport, a Kentucky city situated across the Ohio River from downtown Cincinnati.
JLL Arranges 691,667 SF Industrial Lease in Adairsville, GeorgiaADAIRSVILLE, GA. — JLL has arranged a 691,667-square-foot, full-building lease at International Commerce Center, an industrial facility located northwest of Atlanta in Adairsville. The tenant is Pactra USA Inc., a third-party logistics firm and the U.S.
Ginkgo Acquires 483-Unit Greensboro Rental PropertyGinkgo Residential paid nearly $39 million for Edgewater Village, a Greensboro apartment complex at 5509 Weslo Willow Drive, for $38.75 million in May. The property was built in 1974, has three stories, 483 units and offers leases ranging from 4 to 18 months.
Representative imageMarcus & Millichap Brokers Sale of 119-Unit Multifamily Portfolio in Kerrville, TexasKERRVILLE, TEXAS — Marcus & Millichap has brokered the sale of a portfolio of three multifamily properties totaling 119 units in Kerrville, about 65 miles west of San Antonio.
Representative imageLanCarte Commercial Arranges Sale of 47,000 SF Industrial Portfolio in Fort WorthFORT WORTH, TEXAS — Locally based brokerage firm LanCarte Commercial has arranged the sale of a 47,000-square-foot industrial portfolio in Fort Worth. The portfolio comprises two buildings that are located at 4608 Fairlane Ave. and 4700 S. Edgewood Terrace.
CBRE Brokers Sale of 450,330 SF Industrial building in Monroe Township, New JerseyMONROE TOWNSHIP, N.J. — CBRE has brokered the sale of Eastpoint at Exit 8A, a 450,330-square-foot industrial building in Monroe Township, located in Central New Jersey.
Representative imageKislak Negotiates $10M Sale of Northern New Jersey Office BuildingPARSIPPANY, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $10 million sale of a 131,346-square-foot office building in the Northern New Jersey community of Parsippany. The building sits on an eight-acre site at 959 U.S. Route 46.
Colliers Brokers $16.6M Sale of Affordable Housing Complex in West Los AngelesLOS ANGELES — Colliers has brokered the sale of 11418 Missouri Avenue, a 44-unit affordable multifamily property located in the Sawtelle neighborhood of West Los Angeles.
Representative imageFaris Lee Arranges $10M Sale of Value-Add Retail Property in Orange, CaliforniaORANGE, CALIF. — Faris Lee Investments has brokered the $10 million sale of a value-add retail property located in Orange. The asset traded for $209 per square foot. Nike Miller of Faris Lee Investments represented the seller and buyer in the transaction.
CBRE Negotiates $7.3M Sale of Boutique Hotel in San FranciscoSAN FRANCISCO — CBRE has negotiated the $7.3 million sale of Sutter Mansion, a boutique hotel located at 1409 Sutter St. in San Francisco’s Japantown/Pacific Heights area.
Avison Young Negotiates Relocation for Mercedes-Benz of Beverly HillsAvison Young negotiated a multi-decade, 37,561-square-foot lease on behalf of the ownership for the relocation of Mercedes-Benz of Beverly Hills – a Fletcher Jones Company – dealership located at 8825 Wilshire Blvd. in Beverly Hills. Jodi V.
Interra Realty Brokers $23M Sale of Suburban Chicago ApartmentsInterra Realty facilitated the sale of 20West, a six-story, 71-unit rental community at 20 W. Northwest Highway in Mount Prospect, Illinois, for $23 million. The transaction equated to $323,943 per unit.
Tanger Acquires 300K-SF Open-Air Retail Center in OhioTanger has acquired The Town Center at Levis Commons, a 300,000-square-foot, open-air lifestyle center located in a mixed-use district in the Perrysburg submarket of Toledo, Ohio. The transaction adds a fourth full-price, market-dominant lifestyle center to Tanger’s portfolio.
Former Bank Branch Positioned as Development Opportunity in Garden Grove SaleCBRE closed the $11 million sale of a former Farmers & Merchants Bank branch at 10422 Garden Grove Blvd. in Garden Grove. The transaction ranks among the highest price-per-square-foot sales in the submarket at more than $1,125 per square foot, according to CBRE.
Representative imageAdam Neumann’s Flow Sells Miami Worldcenter Site: UpdatedAdam Neumann’s Flow has sold off a development parcel within the 27-acre Miami Worldcenter master development for $26.6 million, property records show.
Blackstone’s Link Logistics Sells Light Industrial Portfolio for $1.8BAs the nation’s warehousing space demands shift, a joint venture is putting down $1.81 billion for a 90 percent leased light industrial portfolio across four states.
Representative imageSoJo Spa Owner Buys Office and Retail Building at 893 Broadway for $31MSoJo Spa Club owner Hyun Jun An has purchased 893 Broadway in Manhattan’s Flatiron District for $31 million, according to property records made public Wednesday.