Business Specialties
HFF Secures $10M Financing for NC Industrial Portfolio
Arrowridge Business Park consists of four rear-load buildings totaling 194,560 square feet of space. The portfolio is currently 98 percent leased to a mix of 26 tenants.
Domain Cos. Expands Into SLC With $110M Project
Construction of the pedestrian- and transit-oriented development, designed by KTGY, is anticipated to begin in fall 2018. The development hopes to help revitalize the downtown, bringing 412 mixed-income units, office and retail space.
Kimmerle Group Boosts Multigenerational Leadership
Robert Kimmerle, son of company founder & president George Kimmerle, has returned to the firm as chief financial officer. He brings more than a decade of experience in financial management and will focus on providing financial and consultative support.
doTerra Expands Corporate Campus in Utah
The essential oils company continues its growth in Pleasant Grove with a new office building, a medical clinic and an expanded manufacturing facility. Plans also call for the creation of 950 jobs over the next three years.
NKF Adds Net-Lease Vets to Team
The company has appointed Ken Hedrick as executive managing director, while Jerry Hopkins and Andrew Ragsdale will become senior managing directors.
SSGT Invests in Massachusetts
The 840-unit self-storage facility in Nantucket is 91 percent leased and is one of a host of assets the REIT has snapped up across the U.S. this year.
Hilton Garden Inn Opens NC, KY Hotels
The two properties are located in Louisville, Ky., and Jacksonville, N.C., and add up to 278 keys. The brand’s portfolio now includes more than 740 hotels across 33 countries and territories.
Hilton Hotel to Join NC Mixed-Use Project
Aston Properties traded a two-acre site at Biltmore Station for the development of a Home2 Suites by Hilton hotel in Asheville, N.C. Baywood Hotels intends to start construction this year.
Stonemont Buys $1.3B Net Lease Portfolio
CBRE Capital Markets arranged the transaction on behalf of the seller, Oak Street Real Estate Capital, and secured $1.1 billion in acquisition financing for Stonemont. The deal encompasses 100 assets in 20 states.
JLL Facilitates HQ Relocation for Houston Company
INOVA Geophysical inked a 37,715-square-foot lease in Sugar Land, Texas, a suburb of Houston. The seismic company’s new headquarters will be just three miles from its former office.