Business Specialties
DDR, Madison International Recap $1B Retail Portfolio
The joint venture refinanced 52 grocery-anchored shopping centers totaling 7 million square feet. The properties are predominantly located in Florida and elsewhere in the Southeast.
Final Deal Inked for $1.6B Penn Station Addition
The project’s centerpiece will be the conversion of the century-old James A. Farley mail sorting room in Midtown Manhattan into the 255,000-square-foot Moynihan Train Hall.
Hilton Garden Inn Grows With 4 More Hotels
The new lodging destinations, with opening dates in May and June, will add more than 600 guestrooms to the brand’s portfolio in Florida, Michigan, Pennsylvania and New York.
Missner Invests in Ill.-Based Corporate Grove Business Park
The company acquired a fully leased 121,000-square-foot industrial facility in Buffalo Grove, Ill., and plans to use it as investment property.
GS&P to Design $1B Nashville Yards
The 15-acre redevelopment project will transform The Music City’s urban core. The $1 billion Nashville Yards development will add more than four million square feet of entertainment, retail, office and residential space.
Summit Hotels Lands $53M Courtyard by Marriott in Charlotte
The acquisition marks the company’s first purchase in the Charlotte, N.C., market. Summit Hotels also entered into an agreement with OTO Development to manage the 118-key hotel.
Griffin Industrial Nabs First Charlotte-Area Property
The company purchased a 277,000-square-foot industrial building for $18.6 million. The Class A warehouse is currently 74 percent leased.
Tamarac Medical Office Trades in $4M Deal
CRE Florida Partners’ Michael Rauch and Tom Robertson worked on behalf of the seller, while City National Bank of Florida provided $2.9 million in acquisition financing.
Suburban Atlanta Office Portfolio Trades for $47M
TerraCap Management selected Lincoln Property Co. to spearhead leasing efforts, while Crocker Partners will remain in place for property management of the assets.