Deals
Broadstone Net Lease Buys $736M Industrial Portfolio
The REIT has snapped up 23 fully leased assets totaling 6.9 million rentable square feet across 14 states and Canada.
Transactions: September 2019
A selection of noteworthy deals announced between 15 July – 22 August 2019.
Gershman, BurkHill Go Big in St. Louis
Sachs Properties sold a portfolio of 18 assets in Chesterfield, Mo., in one of the largest deals in the region’s recent history.
Plymouth Completes $90M in Industrial Transactions
The REIT acquired more than 2.2 million square feet in Tennessee, Illinois and Ohio.
Silverstein Properties Lands 103 KSF Tenant at 3 WTC
Kelley Drye & Warren is moving its headquarters to the tower next year, joining a roster including GroupM, Diageo, Better.com, Casper, IEX and Hudson River Trading.
JLL Arranges Sale of 3 Maryland Shopping Centers
DLC Management Corp. and Acadia Realty Trust purchased two assets in Frederick, while Continental Realty Corp. is the new owner of a 331,833-square-foot retail property in Hagerstown.
Starwood Capital Trades Nashville Hotel for $80M
Pacific Western Bank provided the buyer of the 296-key Embassy Suites with more than $60 million in acquisition financing.
Park Hotels Lands $950M in Financing for Chesapeake Acquisition
The previously announced merger between the two REITs is expected to close by the end of the month.
Denver Mid-Rises Trade for $72M
DPC Cos. and Bridge Investment Group sold two 11-story buildings located within the Denver Tech Center.
REIT Closes $123M in Southern California Acquisitions, Sales
Rexford Industrial Realty has added five properties totaling nearly a half-million square feet to its portfolio in separate transactions, and partially financed the purchases with two dispositions.