Business Specialties
ASB Real Estate Acquires Miami Industrial Facility
Terreno Realty Corp. sold the asset on behalf of the Allegiance Real Estate Fund, its $6.9 billion core vehicle. The building is 100 percent leased on a long-term basis to Synergy Custom Fixtures.
Patrinely-USAA JV Breaks Ground on Denver Office Tower
Block 162 will add 595,000 square feet of Class A accommodations to the Mile High City. The JV also has an office project underway in the Houston area.
Multi-State Self-Storage Portfolio Lands $47M Bridge Loan
Talonvest Capital placed the floating-rate financing—which is secured by seven new properties totaling 539,000 square feet—with a life company.
Skanska Breaks Ground on New High School in Portland
The 352,000-square-foot building will be constructed on a 73-acre campus and will accommodate as many as 2,400 students by the 2020-2021 school year.
JLL Brokers Houston Industrial Lease Expansion
Evoqua Water Technologies, currently occupying approximately 45,000 square feet within World Houston Business Park, will consolidate its local operations at the 3.5 million-square-foot complex.
HFF Brokers $13M Sale of Pittsburgh-Area Retail Asset
Fully occupied by Levin Furniture, the 53,000-square-foot property is located adjacent to a Whole Foods-anchored retail center along Perry Highway.
Ascent Taps JLL to Lease ATL Data Center
The location provides significant advantages to operators and tenants, due to Georgia House Bill 696 passing into effect earlier this year.
Hanley Investment, Voit Arrange $10M Sale of CA Shopping Center
RC Plaza in Rancho Cucamonga features nine retail buildings totaling 37,239 square feet. Current tenants include Starbucks and Pizza Hut.
DC-Area Office Campus Lands $104M Financing
Following the acquisition of Greensboro Park in Tysons, Va., Velocis and Altus Realty will use the five-year loan to fund the purchase price.
Granite Appoints New SVP, CFO
With 25 years of experience at the company, Jigisha Desai most recently served as vice president of corporate finance & treasurer, and will succeed Laurel Krzeminski, who is set to retire.