Deals
ICP Buys Former Kmart Building
The company has obtained a $2.1 million loan from Home Savings Bank to acquire and redevelop the 89,300-square-foot property in Garfield Heights, Ohio.
JLL Completes Sale of Seattle-Area Shopping Center
Home Depot, Bank of America, Verizon and Starbucks are among the tenants of the 187,400-square-foot property.
MCA Realty Sells Recently Renovated Las Vegas Industrial Asset
After acquiring Walnut Business Park in 2016 for $5.2 million, the seller traded the multi-tenant property for $7.9 million.
Houston-Area Hotel Changes Hands for the 1st Time
An out-of-state buyer purchased Comfort Inn & Suites Houston West in Katy, Texas, using a $3.2 million loan.
Shorenstein Properties’ Portland Strategy
After buying the 209,000-square-foot asset in 2007 and conducting renovations, the company sold the property for $57.5 million.
Premier Workspaces Opens New Inland Empire Location
The new space is within a roughly 48,000-square-foot, recently built shopping center in Wildomar, Calif.
AHIP to Acquire $191M Hospitality Portfolio
The company will finance the acquisition with the proceeds of a recent $215 million disposition and a new loan.
South Florida Office Campus Sells for $33M
The park has two buildings totaling more than 110,000 square feet and is fully leased to two long-term tenants.
West Palm Beach Shopping Center Sells for $20M
JLL represented Trinity Place Holdings in its disposition of The Shoppes of Forest Hill, a 112,364-square-foot retail property anchored by Walmart.
The Boulder Group Arranges $15M Charlotte-Area Retail Sale
The property is fully leased to Lowe’s, which recently extended its lease by 10 years. Partner Randy Blankstein and President Jimmy Goodman worked on behalf of the buyer.