Deals
Premier NJ Office Building Sells for $36M
Hartz Mountain Industries disposed of the 118,000-square-foot property. The American subsidiary of a Japanese pharmaceutical company occupies the three-story asset.
New York Life REI Partnership Sells Bay Area Office Building
The buyer is planning interior and exterior improvement to the roughly 160,000-square-foot One Bay and has selected Cushman & Wakefield to handle the leasing.
JV Acquires Raleigh-Area Power Center for $53M
Collett Capital and Long Warf Capital purchased the 321,000-square-foot retail asset. HFF arranged acquisition financing on behalf of the borrower, which plans to upgrade the property.
“Darth Vader Building” in Downtown WPB Sells for $98M
CBRE brokered the sale of the Class A, 294,000-square-foot office tower that last traded in 2016. Northbridge Centre underwent complete renovations worth $15 million.
Investcorp JV Sells Seattle Office Tower for $305M
The Bahrain-based firm, along with Schnitzer West, sold the Class A asset in the city center to Vanbarton Group after three years of ownership. The 41-story building is fully occupied.
Frozen Assets Leases 125 KSF Facility in Northlake, IL
CBRE’s Steve Livaditis represented the tenant, while John Suerth and Jason Lev worked on behalf of landlord Bridge Development Partners.
Cawley Chicago Facilitates 3 Office Leases in the O’Hare Market
The transactions total 17,432 square feet, with architecture and engineering firm Kellermeyer Godfryt Hart and distribution company RelaDyne occupying the largest spaces.
EQ Office Grows Seattle Footprint in $1.2B Deal
The company acquired two 1980s-vintage, Class A office towers and plans to reposition them. The move more than doubles the firm’s square footage in city.
Google’s Canada Home to Add $120M Expansion
The search giant is reportedly more than doubling its office footprint in the adaptive reuse project in Kitchener, Ontario. Allied Properties REIT and Perimeter Development Corp. will build the 11-story project.
National Storage Affiliates Buys Texas Portfolio
The company has purchased nine properties totaling nearly 5,000 units in the Houston, San Antonio and Austin markets.