Business Specialties
Thackeray Partners JV Sells NC Distribution Center
Boston-based NorthBridge Partners acquired North 70 Distribution Center. The 260,000-square-foot facility in Durham was fully leased at the time of sale.
Goldman Sachs Affiliate Buys Office Portfolio for $710M
Unico Investment Group sold the 11 properties, which comprise more than 25 buildings. Eastdil Secured negotiated the deal on behalf of the seller.
Slate Office Sells Toronto Asset for $27M
The real estate investment trust entered into an agreement to sell a nine-story, 157,000-square-foot property less than a year after purchasing it.
Tishman Speyer Inks Axonic Capital to Manhattan Lease
The investment advisor is set to occupy an entire floor at 520 Madison Ave., a 1 million-square-foot Midtown Manhattan office tower. Cushman & Wakefield negotiated the deal.
NJ Turnpike Industrial Facility Lands New Tenant
NAI James E. Hanson negotiated a 13,600-square-foot lease for HVCAR supplier Johnstone Supply in Cranbury Township. The facility is part of New Jersey’s Exit 8A industrial market.
Houston MOB Gets $28M in Financing
Part of the refinancing will be used to revamp the roughly 192,000-square-foot building in The Heights neighborhood. Tenants include CuraHealth and St. Joseph Medical Center.
Tishman Speyer Completes Leasing at 1.2 MSF NYC Office Project
Macy’s and New York-Presbyterian signed agreements totaling 328,000 square feet, bringing the property to full occupancy months in advance of its opening.
Next Phase of $180M CA Mixed-Use Project Breaks Ground
DWS Group has started construction on Village Shops, the latest component of the property’s redevelopment, which will include more than 60,000 square feet of retail.
Ohio Mixed-Use Center Gets $172M Refi
The floating-rate loan for the owners of Pinecrest in a Cleveland suburb was provided by Square Mile Capital Management LLC and replaces existing construction debt.
1st Phase of $58M Marriott Restoration in Puerto Rico Complete
JLL’s project and development services division finished the first leg of renovations to the Marriott San Juan Stellaris, which was significantly damaged during Hurricane Maria in 2017.