Business Specialties
SoCal MOB Lands $25M Loan
The approximately 40,000-square-foot asset was subject to a fixed-rate construction loan. Keystone Mortgage Corporation will oversee financing.
Transwestern JV Buys Seattle-Area Office Park
Equity Office Properties Trust sold Redmond Hilltop, a 178,769-square-foot office campus in Redmond, Wash., to a joint venture between Transwestern and Diversified International Partners.
Greenbuild 2017: Electrochromic Glass Controls Light, Energy Savings
SageGlass’s unique electronically controlled windows, walls and skylights allow for automated or manual control of sunlight and heat.
TN Plastic Manufacturer Plans $42M Expansion
M&M Industries intends to expand its current Chattanooga plant and also acquire a new industrial building in the county. The investment is expected to create 110 new jobs.
Moonwater Capital Snags Las Vegas Office Campus
SK+G Lab sold New Spanish Ridge, a 114,000-square-foot office park in Las Vegas to Moonwater Capital. At the time of sale, the asset was approximately 80 percent occupied.
Richmond Shopping Center Lands 4 New Tenants
The upcoming Brandy Creek Commons shopping center will be anchored by a 50,000-square-foot Publix supermarket. Divaris’ Richmond office inked four new leases, bringing the property to 92 percent occupancy. The project is slated for completion in the fall of 2018.
Amazon Unveils New Baltimore Fulfillment Center
Tradepoint Atlantic, the 3,100-acre Sparrows Point development, will be home to the retail giant’s 855,000-square-foot distribution facility, which is slated to open in 2019.
NJ Shopping Center Receives $17M Financing
HFF secured the five-year, fixed-rate loan, which is accompanied by a $3.4 million construction line that will be used to fund capital and tenant improvements, as well as leasing commissions.
ShopOne Enters CA Retail Market
The company acquired McKinley Crossroads, a 202,134-square-foot retail center in Corona, Calif. Plans include the renovation of the center.
Baltimore’s Stadium Square Lands 35 KSF Co-Working Space
Amsterdam-based company Spaces will join Janney Montgomery Scott, a national financial services company, which recently moved into the project’s first office building.