Business Specialties
Lexington Realty Sells Office Portfolio for $726M
The 3.8 million-square-foot collection of properties went to a joint venture in which the REIT owns a 20 percent interest.
Peachtree Snags New Hotel in Charlottesville, VA
HREC Investment Advisors worked on behalf of Titan Hotel Group to arrange the sale of the newly constructed 117-key Fairfield Inn & Suites near the city’s historic downtown.
Harbour Group Inks 24 KSF Office Lease in St. Louis
The privately owned operating company will occupy the space at Pierre Laclede Center, which is part of the KBS Real Estate Investment Trust II portfolio.
CenterPoint Nabs 295 KSF Distribution Center in WA
Sears, Roebuck and Co., had owned the property since 1991. The asset is located within proximity of both Port of Tacoma and Port of Seattle.
Expeditors International Leases Large IL Facility
The property is located in the Chicago suburb of Streamwood and is close to completion, with Opus and USAA Real Estate as landlords.
NARE Expands Chicagoland Retail Portfolio
The company acquired Woodgrove Festival, a roughly 157,000-square-foot retail center in Woodridge., Ill. The asset is approximately 89 percent occupied.
Waldorf Astoria Debuts in Bangkok
Hilton manages Waldorf Astoria Bangkok, a 171-key hotel located in the heart of Bangkok. The rooms are designed by architect Andre Fu.
Hines Welcomes Coworking Firm at AZ Office Building
Workuity will occupy 19,787 square feet at the Offices at Chandler Viridian, which is part of a larger mixed-use, master-planned development that will also feature retail, hotel and residential components.
Ackerman & Co. Acquires 4-Building Industrial Portfolio in GA
The properties, which sold for $9.8 million, are all located on Warren Drive within the Northeast industrial market. Colliers International represented the seller in the transaction.
Baltimore Office Building Commands Record Price
JLL has facilitated CoreCivic’s $242 million acquisition of a new government-leased, LEED Silver campus in Reisterstown, Md., from an affiliate of The JBG Cos.