Business Specialties
EastGroup Plans 850 KSF Industrial Park in Florida
Later this year, the REIT will begin construction on Gateway Commerce Park, an 850,000-square-foot campus on a 61-acre site in the tight metro Miami market.
Delta Hotels Unveils Bold Strategy
Marriott International is planning to double the Canadian hospitality brand’s footprint with the opening of new properties in the U.S. and Asia over the next two years.
Cummings Completes First Acquisition in Andover
The company acquired the Class A office/R&D building for $12 million. The property is 71 percent occupied by a diverse roster of tenants.
Law Firm to Relocate to Downtown Phoenix
Cantor Law Group is moving to Renaissance Square. JLL negotiated the 24,233-square-foot lease on behalf of the tenant, while Lee & Associates represented the owners.
Camel Energy Enters Ann Arbor, Plans to Invest $5M
The battery manufacturer plans to base its research and development headquarters in Pittsfield, Mich., with help from Ann Arbor SPARK and the Michigan Economic Development Corp.
Jacksonville Office Asset Lands $19M Refi
HFF secured the loan on behalf of the owner, Taurus Investment Holdings LLC. The property is part of Deerwood Park, the largest full-service campus in Jacksonville, Fla.
Las Vegas Convention Center District Lands Final Approval
The $1.4 billion project will bring 600,000 square feet of new meeting space, while generating approximately 14,000 construction jobs and nearly 7,800 full-time permanent jobs upon completion.
Uline Inc. Signs 1 MSF Lease Near Atlanta
Ackerman & Co. is developing the bulk distribution center, which is expected to be complete in late 2017. Uline Inc. is scheduled to move in during the first quarter of 2018.
CBRE Secures Loan for Carlsbad Mixed-Use Campus
Mark McGovern, Scott Peterson and Brian Cruz of CBRE negotiated a $16 million loan for the refinancing of a 146,000-square-foot asset in Carlsbad, Calif. Tenants at Carlsbad Commerce Center include Advanced Brain Monitoring, SabreSciences Inc. and GIMDx Inc.
Hines to Redevelop London Office Asset
The redevelopment of 25 Cabot Square will bring approximately 200,000 square feet of new office space to the market. The project is scheduled for completion in late 2018.