Deals
Metro Phoenix Creative Office Sells for $46M
EverWest and CarVal Investors completed the sale of The Circuit, a 185,000-square foot, fully occupied adaptive reuse project in Tempe, Ariz.
Central FL Shopping Center Trades for $11M
More than 80 percent of the tenants at the 132,301-square-foot mall are national retailers. Marcus & Millichap brokered the deal on behalf of the seller.
Flatiron Health Doubles Manhattan Footprint
The health-care tech firm has signed a 10-year lease that expands its headquarters to 252,452 square feet in the newly redeveloped One SoHo Square complex in New York City.
Metro Miami Office Building Sells for $54M
CGI Merchant Group acquired a 162,293-square-foot asset in Coral Gables, Fla. Cushman & Wakefield assisted the seller in the transaction.
HFF Brokers Houston Retail Asset Sale
Senior Managing Director Ryan West, Director John Indelli and Analyst Johnny Kight represented the seller in the disposition of the 44,297-square-foot Normandy Shopping Center.
Friedman Finance Arranges Loan for Detroit Asset
Director Ryan Denomme originated the financing through a local bank. The owner of the property acquired it in shell condition and invested in renovations.
Menlo Equities Acquires Phoenix Office for $52M
The property, fully occupied by Wells Fargo, is situated within Papago Park Center, a large-scale mixed-use development in Tempe, Ariz.
Blackstone, COPT Form $265M Data Center Venture
A non-traded REIT sponsored by Blackstone is forming a JV with Corporate Office Properties Trust to buy a 1.2 million-square-foot portfolio of COPT data centers.
Marcus & Millichap Arranges Sale of Suburban Chicago Retail Asset
Adrian Mendoza, Austin Weisenbeck and Sean Sharko marketed the property on behalf of the seller and also represented the buyer of Bluestone Commons.
Hines Sells San Diego Office Campus for $525M
La Jolla Commons, situated in the University Town neighborhood, includes a pair of Class A towers totaling 724,000 square feet, as well as the potential for further development.