Deals
JLL Closes on $1.8B Acquisition of HFF
The cash-and-stock deal between the two firms was first announced back in March. HFF’s shareholders approved the deal on Monday.
Charlotte Lands Lowe’s for $153M Tech Hub
The home improvement retailer plans to fill the new, 357,000-square-foot innovation center in the city’s South End neighborhood with as many as 2,000 professionals.
New York Life Buys $49M Portfolio
The company has acquired a 670,536-square-foot industrial portfolio in Greensboro, N.C., in a submarket where the overall occupancy rate is 98 percent.
Inland Empire Manufacturing Facility Changes Hands
Precision Screen & Security acquired the former Watson Laboratories facility in Corona. The Class A industrial asset traded for $26.5 million.
Newmark Knight Frank Arranges 200 KSF Lease in NJ
The tenant at the industrial property in Parsippany is Vitaquest International, a manufacturer of nutraceuticals, which will use the facility for both production and distribution.
KKR Buys 566 KSF Multi-State Industrial Portfolio
By acquiring the five facilities in Baltimore, San Diego and Huntington Beach, Calif., the company grew its industrial portfolio to 8 million square feet nationwide.
SVN Chicago Brokers Retail Asset Deal
Huntley Shops, home to national and regional tenants such as Dunkin Donuts, Papa Saverio’s Pizza, Hair Cuttery and H&R Block, sold for $3.1 million in an off-market transaction.
Snacking Goes Green With Enel, Mondelez International Solar PPA
The agreement is the Mondelēz International’s largest renewable energy partnership at global level and its first PPA signed in the U.S.
Hammes Partners Pays $409 Per SQFT for AZ Medical Building
Spectrum Medical Commons, developed by Irgens in 2017, is adjacent to Mercy Gilbert Medical Center. JLL brokered the $17.8 million transaction.
ITG Brands Renews 238 KSF Industrial Lease in Tampa
The renewal marks the largest transaction of the past 12 months in the Tampa Bay industrial market. Cushman & Wakefield represented the owner in the negotiations.