Business Specialties
Public Storage Opens New Houston-Area Facility
The new facility is located in Richmond, along Grand Parkway, where a housing development boom is increasing demand for storage units. The asset includes 1,200 climate-controlled units and marks the company’s seventh Houston acquisition this year.
Hartz Mountain Lands 232 KSF Charlotte Warehouse
Sun Life Financial/Bentall Kennedy sold the distribution center, which is fully occupied by three tenants and is located in a desirable industrial submarket.
Sacramento Nabs Largest On-Airport Solar Facility in CA
With capital investment from NRG Energy, the project is expected to provide nearly one-third of the city’s airport with electricity, cutting energy costs by $850,000 per year.
Transwestern Secures 100 KSF Doral Lease Renewal
The team of Thomas Kresse, Ben Eisenberg and Carlos Gaviria worked on behalf of landlord RREEF in the lease negotiations, and Walter Byrd represented the tenant.
Rock Falls Wind Project Begins Commercial Operation
Kimberly-Clark Corp. has signed a power purchase agreement at the 154-megawatt wind facility in Oklahoma, which has been under construction since July 2017.
Capital One Secures $44M Loan for NC MOB Portfolio
The borrower is a partnership between Heitman—a global real estate investment management firm—and Montecito Medical, a privately-held real estate company.
The Dillon Grows Office Tenant Roster
The mixed-use development’s office tower is currently 40 percent pre-leased. Construction of The Dillon is expected to be complete in early 2018.
HSF Closes $55M Construction Loan for New CA Hyatt
The 150-key property is scheduled to open in early 2019 and will feature a full-service spa and fitness center along with 30,000 square feet of retail.
Memphis Hooters Sells for Record Cap Rate
Stan Johnson Co. brokered the $4 million sale of the restaurant in Memphis, Tenn., to a private investor based in California.
Hines Signs Chipotle to 152 KSF in Denver
With the 15-year deal in place, the upcoming 671,000-square-foot office development at 1144 15th St. in downtown’s LoDo neighborhood is now more than 65 percent pre-leased.