Business Specialties
JV Obtains $15M Loan for Suburban Chicago Acquisition
The office building is located in Lombard, Ill., near several interstates. The new owners plan on upgrading the property’s amenities and bring lease rates to the current market value.
NewMark Merrill Buys CA Shopping Center
Madison Marketplace is located in Fair Oaks, Calif., and is 93 percent leased to several national and local retailers including Raley’s Supermarkets and TJ Maxx.
Residence Inn by Marriott Opens in Miami
The 19-story property is situated in the heart of Sunny Isles Beach, one of the top ten destinations in the U.S. The hotel is close to Miami International Airport and Fort Lauderdale-Hollywood International Airport.
FL Self-Storage Project Receives $8M Loan
Walker & Dunlop has arranged the loan, structured with a 10-year term and 12-month construction period. Preferred Storage is expected to be completed in 2018.
JLL Secures $52M Refi for Space Mart Self-Storage Portfolio
The portfolio includes eight properties in Greater Philadelphia, Pennsylvania and Richmond, Va., totaling 554,823 square feet. JLL secured the loan.
National CineMedia Relocates HQ to Denver
The company will move into its new headquarters in June 2018. Near Denver’s Tech Center and Interstate 25, the new location offers tenants plenty of commute options and amenities.
Grandbridge Arranges Refi for 496 KSF Columbus Industrial
The Branch Banking and Trust Co. subsidiary originated the $7 million loan for 6606 Tussing Road, a R&D facility situated on nearly 30 acres.
Two Timber Buildings Break Ground in Brooklyn
Flank is building New York’s first timber buildings in more than one hundred years, following a new trend of mass timber office construction.
JLL Brokers Montreal Self-Storage Portfolio Sale
The Canada facilities, totaling nearly 169,000 square feet and featuring more than 1,300 climate-controlled units, were acquired by Montreal Mini-Storage Group.
AC Marriott Hotel En Route in Downtown Phoenix
Following multiple renovations and additions to the iconic Arizona Center, Parallel Capital Partners have contracted a developer to build an AC Marriott Hotel at the mixed-use project.