Evelina Croitoru
Westwood Sells Phoenix-Area Retail Center
Tatum Plaza, a retail center shadow-anchored by Fry’s Food & Drugs, traded for $9.5 million. Westwood acquired the property in 2014 and increased the asset’s net operating income by filling the center with high-profile tenants.
Cypress West Gains Management of Cali Medical Center
Cotton Medical Center is an 115,000-square-foot medical office complex in Pasadena, Calif. The owner, Meridian has invested $5 million in capital improvements to the property which was purchased in 2016 for $37.5 million.
Atlanta’s Stockyards Gains New Tenant
New York-based co-working provider Industrious inked a 19,000-square-foot lease at the 142,500 square-foot adaptive reuse project developed by a joint venture between Federal Capital Partners and Westbridge Partners.
Greysteel Tapped to Market Del Ray Properties
The assets located at 2903 Mount Vernon Ave. and 104 Hume Ave. incorporate an existing commercial garage and an office building. Both sites are currently zoned for small scale retail and office uses.
Nashville’s Supply Side Shines
With strong demand fueled by robust population gains and consistent job growth, the market remains a hot ticket. Investors acquired more than $1 billion in apartments in 2016, according to Yardi Matrix.