Deals
Onni Group Acquires Orange County Complex for $97M
Decron Properties, which has been paring down its office and retail holdings in recent years, sold Ocean Plaza following 13 years of ownership.
Upstate NY Mall Changes Hands for $30M
Douglas Development Corp. purchased the 961,800-square-foot shopping center in a suburb of Buffalo, with plans to revitalize and rebrand the struggling asset. The deal included an adjacent Wegmans grocery store.
Glassdoor Doubles Up on Chicago Office Space
The popular jobs and recruiting site signed a long-term lease for 52,000 square feet at Trammell Crow Co.’s development in the city’s West Loop submarket.
Jacksonville Office Campus Commands $52M
A joint venture between Somerset Properties and Ten Capital Management acquired the three-building business park. CBRE assisted the seller in the transaction.
Northern Virginia Flex, Office Portfolio Trades for $44M
Minkoff Development purchased the five-building, 317,800-square-foot asset from Maguire Hayden Real Estate Co. The properties are part of the Avion Business Park, just south of Dulles International Airport.
Fund Buys 3 MSF Self Storage Portfolio
SROA Capital Fund VII picked up the 50 properties, spread across six states. The sale marks one of the largest of its kind.
Shorenstein Sells San Jose Office Campus for $128M
The company acquired the asset in 2015 and invested $30 million in a capital improvement program. The property was fully leased at the time of sale.
Mechanical, Electrical Contractor Relocates HQ Near New Orleans
Bernhard is set to occupy 38,500 square feet on the eighth floor of the 420,566-square-foot, LEED-certified The Galleria in Metairie, La.
St. Louis Business Center Changes Ownership
Green Street St. Louis acquired Cassens Business Center for $2.3 million in 2016 and completely renovated the property before selling it for $14 million with the assistance of Stan Johnson Co.
SVN Brokers Chicago Retail Asset Sale
A local real estate investor picked up two properties in the Lakeview neighborhood which are currently anchored by an Ann Sather restaurant.