Gabriel Circiog
Server Farm Realty LLC Adds Second Data Center in Chicago to Portfolio
Server Farm Realty LLC has expanded its presence in the Chicagoland market with the acquisition of a data center facility. The Los Angeles-based company has acquired the data center facility located at 800 and 810 Jorie Boulevard in Oak Brook, Ill. for $16,250,000. The Oak Brook facility becomes the company’s second Chicagoland data center project after it revealed its 450,000-square-foot data center at 840 South Canal Street in Chicago in June last year.
HFF Closes Sale of Panorama Corporate Center in Englewood
Holliday Fenoglio Fowler LP recently announced it has closed the sale of the 821,242-square-foot Panorama Corporate Center in Englewood, Colo.
Ridgeview Takes Over Operations at Sibley Medical Center, Primary Care Clinics
Ridgeview Medical Center has recently announced that it has assumed the operation of Sibley Medical Center and its four primary care clinics. A new nonprofit entity, wholly owned by Ridgeview Medical Center, was created to fulfill the terms of the lease agreement with the City of Arlington.
RADCO Buys 284-Unit M-F Asset in Jenks; MC Cos. Adds 208-Unit Tulsa Property to Portfolio
The RADCO Companies, a real estate turnaround specialist, has purchased The Overlook Apartments in Tulsa, Oklahoma for $12.8 million.
China’s Greenland Group Buys 7.7-Acre Brewery Development in London
Chinese state-owned developer Greenland Group has entered the U.K. market with the acquisition of the Ram Brewery development site in Wandsworth, London, in a transaction with a total investment value of $987 million.
Hines, Oaktree Venture Acquires Two Lenexa Development Totalling 1.67M SF
Hines recently announced that, in a partnership with a subsidiary of a real estate fund managed by Oaktree Capital Management L.P., it has acquired two Lenexa real estate developments: the Southlake Technology Park and Lenexa Industrial Park.
Hampshire, Lipsitz Companies Sell Vacant Retail Property in Monticello
Morristown, New Jersey-based The Hampshire Companies, a privately held, fully integrated real estate firm with equity assets valued at over $2.5 billion, in a joint venture with The Lipsitz Companies, a real estate investment holding group, have recently announced the sale of an 86,479-square-foot retail building.
Wheelock Street Capital Acquires 547-Room Dallas/Addison Marriott Quorum by the Galleria
Wheelock Street Capital recently announced that an affiliate of Wheelock has acquired the Dallas/Addison Marriot Quorum by the Galleria hotel. The 547-key hotel, located in the Addison/Galleria submarket in Dallas, Texas, was acquired from affiliates of Host Hotels & Resorts, a publicly traded REIT.
John Hancock Acquires Iconic 200 South Wacker Tower
After KBS REIT III acquired the 1.5 million-square-foot tower located at 500 West Madison Street in downtown Chicago earlier this month, another skyscraper has changed owners in Chicago. The 40-story 200 South Wacker has been acquired by John Hancock for $214.5 million.
Wheeler REIT Pays $1.7M for Strip Center in Jenks
Wheeler Real Estate Investment Trust Inc. recently announced it has acquired Jenks Plaza, a retail strip center located in Jenks, Oklahoma. The property was acquired for a purchase price of approximately $1.7 million, or $223 per leasable square foot.