Business Specialties
Extra Space Storage Breaks Ground in NJ
Homestake Capital and Harvestate Group have started construction on a 595-unit self storage asset in Winslow, N.J. The facility is scheduled for completion by early 2020.
Rialto Relocates to Florida’s Tallest Office Tower
The investment and asset management platform leased 46,750 square feet at Southeast Financial Center, a 55-story Class A building in downtown Miami.
Jacksonville Office Campus Commands $52M
A joint venture between Somerset Properties and Ten Capital Management acquired the three-building business park. CBRE assisted the seller in the transaction.
Northern Virginia Flex, Office Portfolio Trades for $44M
Minkoff Development purchased the five-building, 317,800-square-foot asset from Maguire Hayden Real Estate Co. The properties are part of the Avion Business Park, just south of Dulles International Airport.
Fund Buys 3 MSF Self Storage Portfolio
SROA Capital Fund VII picked up the 50 properties, spread across six states. The sale marks one of the largest of its kind.
USAA Real Estate Secures $140M for DC Trophy Building
JLL Capital Markets facilitated the transaction for 700 Sixth St., a 300,000-square-foot office property in Washington, D.C.’s East End submarket.
Mechanical, Electrical Contractor Relocates HQ Near New Orleans
Bernhard is set to occupy 38,500 square feet on the eighth floor of the 420,566-square-foot, LEED-certified The Galleria in Metairie, La.
The Missner Group Completes Build-Out at IL Office Campus
Project superintendent Scott Nomellini and general superintendent Angelo Christopher led the construction, while Interior Design Group provided the design services.
IHG to Open New Hotel Indigo in WA
The 142-key property is part of the Waterfront Place development, a 65-acre project which will include a mix of parks, housing, restaurants and docks.
St. Louis Business Center Changes Ownership
Green Street St. Louis acquired Cassens Business Center for $2.3 million in 2016 and completely renovated the property before selling it for $14 million with the assistance of Stan Johnson Co.