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Deals news – page 86
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Twin Cities Retail Plaza Adds to Retail Tenant LineupRosedale Center, a 1,142,972-square-foot shopping center located in the heart of the Twin Cities, announced several tenant updates. Abercrombie & Fitch will open a 5,500-square-foot store this summer, and Hammer Made will open a 576-square-foot store later this month.
Rubicon Point Acquires Shockwave Medical HeadquartersRubicon Point Partners (RPP) has acquired the Shockwave Medical headquarters, a 201,078-square-foot, four-building R&D campus at 5353 Betsy Ross Dr. in Santa Clara, on behalf of Rubicon Point Fund II.
TruCore Industrial Acquires Single Tenant Property in PeoriaTruCore Industrial has acquired a 71,552-square-foot, single-tenant, net-leased industrial property occupied by HD Supply, a wholly owned subsidiary of The Home Depot, located in Peoria, Illinois. The property is located just off North Allen Road and State Route 6.
Representative imageJV Snaps Up Philip Chong’s SoHo Office Building for $36M via Deed-in-LieuA joint venture has taken over a large SoHo office asset for $36 million, according to property records made public Thursday and sources familiar with the trade. The transaction involved a discounted note sale to the JV followed by a conveyance of the deed-in-lieu.
Stephen Ross Pays $55M for Downtown West Palm Beach Dev Site to Build CondoStephen Ross has bought yet another development site in West Palm Beach, Fla. The billionaire’s firm, Related Ross, paid $55 million for a full block in the city’s downtown, where a residential tower is planned, property records show.
Milburn & Company Acquires 339-Unit Mesa Rental CommunityD.R. Horton offloaded Ascend at Longbow Highpoint, a 339-unit multifamily community in Mesa, Arizona. Millburn & Company acquired the community. CBRE’s Matt Pesch, Asher Gunter and Austin Groen represented D.R. Horton in the transaction.
Cushman & Wakefield Negotiates Sale of Publix-Anchored Shopping Center in Central FloridaLONGWOOD, FLA. — Cushman & Wakefield has negotiated the sale of the Shoppes of Sweetwater, a 64,253-square-foot, Publix-anchored shopping center located at 3857 Wekiva Springs Road in Longwood, roughly 15 miles north of Orlando.
Representative imageTailwind Group Buys 543-Bed Student Housing Community Near Baylor University, Plans RenovationWACO, TEXAS — Tailwind Group has acquired The Outpost Waco, a 543-bed student housing community located near the Baylor University campus, with plans to commence renovations in June.
Representative imageBoulder Group Negotiates $4.7M Sale of Retail Building in Corinth, TexasCORINTH, TEXAS — The Boulder Group, a brokerage firm specializing in net-lease deals, has negotiated the $4.7 million sale of a 12,983-square-foot retail building in Corinth, located north of the metroplex in Denton County. CVS occupies the building at 1101 FM 2181.
NEPCG Arranges $17.3M Sale of Multifamily Portfolio in New London, ConnecticutNEW LONDON, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $17.3 million sale of a portfolio of three multifamily properties totaling 136 units in New London, located in southern coastal Connecticut.
Millburn & Co. Buys 339-Unit Apartment Community in Mesa, ArizonaMESA, ARIZ. — Salt Lake City-based Millburn & Co. has acquired Ascend at Longbow Highpoint, a multifamily property in Mesa, from D.R. Horton for an undisclosed price. Matt Pesch, Asher Gunter and Austin Groen of CBRE represented the seller in the transaction.
IPA Arranges $28M Sale of Park Encino Multifamily Property in Los AngelesLOS ANGELES — Institutional Property Advisors (IPA) has arranged the $28 million sale of Park Encino, a 52-unit apartment property in the Encino neighborhood of Los Angeles.
Representative imageICON Real Estate Negotiates $11.2M Sale of Apartment Building in Chatham, New JerseyCHATHAM, N.J. — Local brokerage firm ICON Real Estate Advisors has negotiated the $11.2 million sale of a 31-unit apartment building in the Northern New Jersey community of Chatham. The building at 49 S. Passaic Ave.
Lee & Associates Brokers Sale of 20,142 SF Industrial Building in Carlsbad, CaliforniaCARLSBAD, CALIF. — Lee & Associates has negotiated the sale of an industrial property located at 3186 Lionshead Ave. in Carlsbad. The asset traded for $6.3 million.
W Magazine Signs Direct Lease at 1 World Trade CenterAvison Young secured a long-term lease for W Magazine at 1 World Trade Center in Lower Manhattan. The company will occupy 12,456 square feet on the 46th floor for its headquarters.
St John’s U. Sells Staten Island Campus to Wagner CollegeSt. John’s University closed the sale of its Staten Island Campus to Wagner College, ensuring the property’s continued use for higher education and community benefit. The transaction was facilitated by Savills, which represented St. John’s throughout the process.
Marcus & Millichap Closes Sale of New Haven-Area Student HousingMarcus & Millichap closed the sale of Pine Rock Townhomes, a 30-unit purpose-built, student housing community property in Hamden, CT. Deal terms were not disclosed.
Representative imageLaw Firm Cole, Scott & Kissane Adds Second Dadeland Office in 21K-SF LeaseLaw firm Cole, Scott & Kissane is expanding in Dadeland, Fla., after signing a 21,000-square-foot office lease.
Mapletree Pays $100M for 97-Acre Future Logistics Site in Central JerseyMapletree Investments has purchased a 96.8-acre development site in Manalapan, N.J., with plans to transform it into a logistics facility.
CBRE Arranges Sale of 120-Unit Apartment Complex in WisconsinCBRE has arranged the sale of Trail’s Edge Apartments, a 120-unit multifamily property in West Bend, Wisconsin.