Business Specialties
Major Industrial Park Coming to Texas
Stonemont Financial broke ground on a 540-acre project in El Campo. Ridgeline Property Group serves as the developer, while NAI James E. Hanson and NAI Partners are in charge of marketing the campus.
Philadelphia Office Building Trio Lands $355M Refi
NKF Capital Markets worked on behalf of Nightingale Properties and Wafra Capital Partners to secure loans for 1835 Market St., 1635 Market St. and 1500 Spring Garden.
Boston-Area Retail Asset Changes Hands for $6M
Built in 1958, the fully occupied property is within a 40-minute drive north of downtown Boston and comprises 30,000 square feet.
Baceline Investments Grows Retail Portfolio
The firm purchased four shopping centers located in Wisconsin, Texas, Tennessee and Utah, spending a total of $18 million on 131,000 square feet of leasable space.
Sun Life Offloads NC Office Portfolio
The transaction, valued at more than $30 million, includes approximately 223,000 square feet near Raleigh-Durham. The seven buildings in the deal will soon undergo renovation work.
TS Partners Lands $23M Loan for TX Office Park
Meridian Capital Group arranged the 10-year CMBS loan on behalf of the firm for Cedar Ridge Office Park in Southlake, which comprises 129,000 square feet.
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.