Business Specialties
Waverly Lands 4 New Tenants
Fab’rik, Scout and Molly’s Boutique, Babalu Tapas & Tacos and DeSano Pizza Bakery signed leases at the master-planned community developed by Crosland Southeast, Childress Klein and the B. Frank Matthews II family in Charlotte, N.C.
Nashville-Area Industrial Building Lands $18M Loan
Mission Capital refinanced existing debt on a fully occupied, recently upgraded industrial property, Interchange Business Center, a 792,000-square-foot building in La Vergne, Tenn.
Woodmont to Lease Tennessee and North Carolina Properties
Biltmore Property Group plans to redevelop the Shops at Western Plaza and selected Woodmont’s John Geddis to lead marketing efforts at the properties.
FCA Goes Shopping in The Triangle
The company acquired Celebration at Six Forks, a 125,000-square-foot shopping center in Raleigh, N.C., for $19.1 million. FCA intends to make capital improvements to the property.
Suburban Philly Office Buildings Sell for $36M
The seven assets are located in Exton, West Chester and Newtown Square, Pa., and total more than 229,000 square feet of office/flex space. The properties changed hands through like-kind exchanges.
Retail Supplier Launches First US Operation in SC
Sumter Easy Home will invest $37 million in a manufacturing facility in Sumter County. The 104,000-square-foot development is projected to create at least 88 new jobs.
Hines Nabs Sacramento Office Tower in $120M Deal
The transaction included not just the Kaplan McLaughlin Diaz-designed downtown building, but the attached 800-space parking structure and the 350-space parking facility as well.
Belay Investment JV Bets $70M on Portland
Belay Investment Group and L&L Investment Partners plan to purchase and reposition Portland office, multifamily and mixed-use properties. As its first investment, the JV acquired an asset comprising two 1940s-era warehouses in the city’s Guild’s Lake submarket.
NorthMarq Capital Buys SLC Mortgage Banking Firm
The Utah-based Western Capital Realty Advisors has completed more than $4 billion in commercial real estate debt and equity transactions. This acquisition marks NorthMarq’s 37th office.
BofA Scores Naming Rights for Skanska’s Capitol Tower
The anchor tenant signed a 210,000-square-foot lease in April, covering six and a half floors. The lease features both office and 5,000 square feet of dedicated retail space.