Deals
CenterPoint Expands NJ Manufacturing Building
The developer broke ground on its first vertical construction project in the state, a 73,000-square-foot expansion of a facility in Somerset.
South Florida Charity Signs 11 KSF Lease
The Fort Lauderdale Independence Training & Education Center will relocate to a 70,874-square-foot business park in Fort Lauderdale. Berger Commercial Realty negotiated the deal on behalf of the landlord.
California Office Asset Changes Hands for $17M
Graymark Capital and an institutional partner purchased the 92,477-square-foot, 45 percent leased, two-story property located in Sorrento Mesa, Calif.
Miami Office Building Trades for $14M
Key International sold the 11-story Class A asset located near the Health District. Institutional Property Advisors negotiated the deal on behalf of the seller.
Greenfield Partners Sells 297 KSF Baltimore Office Portfolio
Newmark Knight Frank worked on behalf of the company to secure North Park Ventures as a buyer for the three-building North Park complex in Cockeysville, Md.
Holloway Lodging Buys 3 Vacant Houston Office Buildings
The assets changed hands for a combined $13.2 million. BH Properties sold two buildings totaling some 235,000 square feet, while Stream Realty Partners traded a 198,000-square-foot property.
Beacon Capital Makes $600M Sale-Leaseback Deal
An affiliate will buy the San Francisco headquarters of Zynga, the online gaming company, which will then lease about one-quarter of the Class A property.
Easterly Government Properties Buys FBI’s New Orleans Office
The 137,679-square-foot building, which houses the government agency’s field office in New Orleans, was built for the FBI 20 years ago.
Trammell Crow Signs Law Firm for California Office Project
Rutan & Tucker will move into The Boardwalk, a 550,000-square-foot Class A project that the company owns in Irvine, Calif.
Transactions: June 2019
A selection of noteworthy deals announced between 23 April – 13 May 2019.