Business Specialties
HSB to Acquire 500 KSF Hartford HQ from Hines
One State Street, a 500,000-square-foot office building in Hartford, is about to become tenant-owned. The Hartford Steam Boiler Inspection and Insurance Co., the property’s lead occupant with 168,000 square feet of space, has entered into an agreement to acquire its corporate headquarters location from Hines.
Sunset Development, MetLife JV Grabs 2 MSF AT&T Campus in Bay Area
Sunset Development Co. and MetLife Inc. have teamed on a joint venture to acquire the 2 million-square-foot AT&T campus in San Ramon, Calif.
Alberta Development JV Grabs 671 KSF Retail Portfolio from A&B Properties
Alberta Development Partners and an affiliate of Walton Street Capital have acquired the three-property A&B Properties Mainland Retail Portfolio and the Maui Mall, a total of 671,538 square feet in Colorado, California and Hawaii.
DivcoWest Buys 670 KSF M-U Portfolio for $395M
DivcoWest has acquired One Kendall Square, in Cambridge, Mass., an 11-building, 7.9-acre campus that includes 670,000 square feet of office, lab and retail space; a nine-screen movie theater; a 1,500-space garage; and a small development parcel.
Sellar Property Group to Develop Residential Tower in London
Sellar Property Group, which last year completed the much anticipated The Shard, the tallest skyscraper in Western Europe, is now set to develop a 27-story residential tower on the South Bank of the Thames.
Matan Cos. Buys Office Campus in Germantown, Md., from MEPT for $128M
Matan Cos., through its Matan Fund IV, has acquired Milestone Business Park, a 42-acre campus in Germantown, Md., from Multi-Employer Property Trust for $128 million.
Dermot Co. Trades 3-Property Upper Manhattan M-F Portfolio
The Dermot Co. Inc. closed 2013 with the disposition of a group of three multi-family properties in Manhattan’s Inwood neighborhood.
GLP to Develop 3 Large-Scale Logistics Facilities in Greater Tokyo
Global Logistic Properties Ltd. (GLP) has announced it is beginning construction on three major multi-tenant logistics facilities in Greater Tokyo.
Bentall Kennedy Sells 173 KSF Highlands Corporate Center in Metro Seattle
Highlands Corporate Center, a 173,250-square-foot property consisting of three office/life sciences buildings in Bothell, Wash., has been sold by Bentall Kennedy to Clise Properties.