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Deals news – page 90
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Industrious Adds Locations in Midtown East, Lower ManhattanFlexible workspace provider Industrious has secured two new Manhattan locations totaling nearly 55,000 square feet in Lower Manhattan and Midtown East.
Beverly Supermarket Trades on Site of Original Marshalls StoreJLL Capital Markets arranged the $8.5-million sale of Stop & Shop – Beverly, a standalone, 60,666-square-foot retail property located at 37 Enon St. in Beverly, MA and leased to Stop & Shop, which has operated there since 1986.
Representative imagePAGEWOOD Buys 14,000 SF Office, Retail Building in West Houston, Plans RedevelopmentHOUSTON — PAGEWOOD has purchased a 14,000-square-foot office and retail building at 1440 Brittmoore Road in West Houston with plans to undertake a redevelopment.
Representative imageFranklin Street Arranges Sale of 12,705 SF Office Building in Pflugerville, TexasPFLUGERVILLE, TEXAS — Tampa-based brokerage firm Franklin Street has arranged the sale of a 12,705-square-foot office building in the northern Austin suburb of Pflugerville.
Continental Realty Acquires 14-Property Shopping Center Portfolio in Southeast, MidwestBALTIMORE AND HILLARD, OHIO — Continental Realty Corp. has purchased a 14-property shopping center portfolio spread across seven states in the Southeast and Midwest.
JLL Negotiates Sale of 557-Unit Self-Storage Facility in Nyack, New YorkNYACK, N.Y. — JLL has negotiated the sale of a 557-unit self-storage facility located at 92 State Route 59 in Nyack, located near the New York-New Jersey border. The facility was built in 1996 and was 87 percent occupied at the time of sale.
Representative imageNewmark Brokers $28M Sale of Office Building in Herndon, VirginiaHERNDON, VA. — Newmark has brokered the approximately $28 million sale of Monument III, a nearly 200,000-square-foot office building located in Herndon, a city in Northern Virginia’s Dulles Technology Corridor.
Cica-Huntek Chemical Technology Buys 25,880 SF Industrial Building in PhoenixPHOENIX — Cica-Huntek Chemical Technology USA Corp. has acquired a freestanding industrial building, located at 1654 W. Knudsen Drive in Phoenix, from AMDVI LLC for $8 million. Michael Kitlica and John Pompey of Cushman & Wakefield represented the buyer in the deal.
Representative imageHow AI and Automation Are Shaping CRE: CoreNet Global SurveyIndustry professionals weighed in on how their firms are implementing new tech into everyday tools of the trade. The post How AI and Automation Are Shaping CRE: CoreNet Global Survey appeared first on Commercial Property Executive.
Representative imageSealy & Co. Sells FedEx FacilityThe property is in one of the country's top emerging industrial markets. The post Sealy & Co. Sells FedEx Facility appeared first on Commercial Property Executive.
Representative imageBridge Logistics Buys Land for 1.5 MSF Inland Empire FacilityThe industrial project is part of a 245-acre master-planned development. The post Bridge Logistics Buys Land for 1.5 MSF Inland Empire Facility appeared first on Commercial Property Executive.
Insurance Broker Howden Inks 32K-SF Deal at Durst’s 151 West 42nd StreetGlobal insurance broker Howden has secured 31,519 square feet at the Durst Organization’s One Five One office tower in Times Square, Commercial Observer has learned. The 10-year lease takes up the building’s entire 53rd floor, according to Durst.
Representative imageContinental Realty Buys 2 MSF Retail PortfolioThe collection consists of 14 properties across seven states. The post Continental Realty Buys 2 MSF Retail Portfolio appeared first on Commercial Property Executive.
Alchemy Properties Plans Resi Conversion of Vacant Tribeca GarageAvison Young arranged the sale of an 8,850-square-foot site located at 60 N. Moore St. in Tribeca for $57 million.
Representative imageBrooklyn Heights Walgreens to Become High-Rise After $30M SaleRogers Equities has purchased 120 Court Street in Brooklyn Heights from the Sorkin family for $30 million to use as a mixed-use development site, Commercial Observer has learned.
Continental Realty Acquires 14-Property U.S. Shopping Center PortfolioBetting big on retail in secondary markets, Continental Realty has acquired 14 shopping centers across the Southeast and the Midwest. Continental Realty’s acquisition from U.S. Properties Group spans seven states and encompasses more than 2 million square feet of retail.
Alchemy Properties Buys Vacant Tribeca Parking Garage for $57MAlchemy Properties, a New York City-based real estate development and investment firm, has acquired a vacant parking garage in Manhattan’s Tribeca neighborhood for $57 million.
Representative imageWhy Buy, Don’t Build Is a Smart CRE StrategyIt's harder for new projects to pencil today. The post Why Buy, Don’t Build Is a Smart CRE Strategy appeared first on Commercial Property Executive.
Representative imageMiami Investor Buys Miami-Dade Rental for $66MBowery Properties has paid $65.5 million for a garden-style multifamily complex in the outskirts of Miami-Dade County in the latest rental asset to sell for little gain.
Town Lane, Gillon Acquire 460K-SF Allen Retail CenterTown Lane and Gillon Property Group (GPG) acquired Watters Creek Village, a 460,000-square-foot, grocery-anchored mixed-use destination in Allen, Texas. Charter Holdings and DuWest Realty were the sellers. An Ares Real Estate fund provided the debt financing for the acquisition.