Business Specialties
Monmouth Lands SC FedEx Building for $22M
Situated on more than 16 acres in North Charleston, the 121,683-square-foot building is a new facility, leased to Federal Express Corp. for 15 years.
West LA Office Asset Lands $33M Refi
Quantum Capital Partners arranged a CMBS loan for a 107,000-square-foot West Los Angeles office building. The real estate capital advisory firm represented the landlord, a a joint venture between Sunrise Real Estate Group, Robhana Group and 4M Investment Group.
First Park Hyatt Lands in the Caribbean
The upscale Christophe Harbour resort is located on the island of St. Kitts and offers 126 rooms and suites, as well as a 37,752-square-foot spa.
NY Life Keeps Boston-Area Warehouse Fully Occupied
Transwestern Consulting Group brokered two lease renewals totaling 122,578 square feet, on behalf of New York Life Real Estate Investors.
Universal Orlando Lands 101-Acre Site
In a sale brokered by CBRE, Highlands REIT sold the site, the last and largest available industrial site in the Orlando tourism corridor, for more than $27 million.
Merritt Campus in Baltimore Lands New Tenant
Deli Brands of America, a subsidiary of Saval Foods Corp., will occupy 19,000 square feet at the upcoming single-story building within Beltway Business Park.
Plano, Texas Marriott Legacy Commands $104M
Ashford Hospitality Prime dispensed the 404-key hotel, completing a reverse 1031 exchange that the company initiated to acquire the Hotel Yountville in California earlier this year.
Colliers Closes $9M Office Sale in Boca Raton
Kevin McCarthy and Bastian Laggerbauer represented LNR Partners in the transaction. The special servicer retained Colliers to lease and manage the building following a foreclosure procedure earlier this year.
Chicago Office Park Changes Hands for $75M
HFF represented Principal Real Estate Investors in the sale of the five-building property in Lincolnshire, Ill., while Bradford Allen Investment Advisors handled the deal on behalf of the buyer.
Terreno Pays $8M for Miami Distribution Facility
The property, which is fully leased to one tenant on a short-term basis, is scheduled to undergo a series of improvements in 2018.