Deals
FCP Sponsors $12M Opportunity Zone Industrial Deal
Baker Development Corp. will build the 325,000-square-foot property in the Phoenix suburb of Goodyear. Fintech platform EquityMultiple raised $2.4 million from its accredited investors for the transaction.
EverWest Sells Kansas City Office Tower for $118M
With the assistance of HFF, the real estate investment management company landed Platform Ventures as a buyer for the 243,700-square-foot, fully leased trophy asset.
PCCP Buys Portland Office Property for $97M
Park Square offers 296,000 square feet across two buildings in the city’s central business district. Urban Renaissance Group will manage the complex, which was substantially renovated in 2016.
CenterPoint Properties Breaks Ground on Miami-Area Logistics Park
The 296,207-square-foot, two-building development is slated for delivery in Spring 2020. International Warehouse Services will be among the tenants at the property.
Orlando-Area Office Building Trades for $15M
Exeter Property Group has purchased the Class A, 92,127-square-foot asset in Seminole County. CBRE negotiated the deal on behalf of the seller.
Marcus & Millichap Arranges AK Storage Sale
The company’s Fort Worth office brokered the $1.3 million sale of The Storage Place, a roughly 47,000-square-foot self storage facility in Little Rock.
EDF, Canadian Solar Sign 1.8GW Supply Deal
The manufacturing company will supply its bifacial enhanced wafer BiHiKu and HiKu modules to EDF Renewables’ solar projects underway in the U.S., Canada and Mexico.
Canadian Solar Subsidiary Inks 222MW PPA
The deal, touted as the beverage industry’s largest single purchase of solar energy in the U.S., will help Anheuser-Busch brew its entire portfolio with 100 percent renewable energy by 2021.
Ashford to Pay $275M for Hotel Management Platform
The Dallas-based company has agreed to purchase the platform from Remington. The business provides services for two Ashford-advised REITs and oversees nearly 90 hospitality properties.
Hospitality Properties Trust Buys $2.4B Portfolio
The company has acquired the 12 million-square-foot collection of assets from Spirit MTA REIT. The properties are net leased to tenants in a wide range of industries across 43 states.