Deals
IRA Capital Acquires Orange County MOB for $38M
St. Joseph Hospital of Orange has leased the 56,809-square-foot facility since 2008.
NAI Partners Buys Southwest Houston Industrial Park
The new owner’s management division will operate the 16-building Avera Commerce Center.
Microsoft Inks 500 KSF-Plus Office Lease in Atlanta
At one stroke, the company’s move fills all of Hines’ two-building Atlantic Yards project in the West Midtown neighborhood and brings 1,500 new jobs to the city.
Merritt Properties Acquires Baltimore-Area Office Campus
The company has purchased a pair of LEED Silver-certified Class A buildings in Elkridge, Md.
Hanley Investment Closes Southern California Retail Sale
Executive Vice President Matt Burnett represented both buyer and seller in the disposition of the Inland Empire property.
Mental Health Practice Expands Chicago Footprint
Midwest Counseling & Diagnostics leased more than 3,000 square feet at a Class A office building in Northbrook.
Philadelphia Industrial Property Trades for $9M
The Hampshire Cos. has sold the 86,315-square-foot property to Mountain Development Corp.
Welltower Sells Durham MOB for $33M
The 67,644-square-foot Croasdaile Commons is home to Duke Health and is within 2 miles of Duke University Hospital.
CIT Group Provides $21M Loan for MOB Portfolio
Acting through its Healthcare Finance unit, the banking group came through with financing for Ridgeline Capital Partners’ acquisition of a 100,000-square-foot collection of assets predominantly leased to dialysis centers.
San Diego Retail Asset Sells in 1031 Exchange
The buyer paid $22 million for the triple-net-leased property, while on the other side of the deal was the sale of a multifamily community in metro Los Angeles.