Deals
Velocis Sells Scottsdale Office Building for $53M
During its four-year ownership, the seller implemented a capital improvement program to reposition Camelback Square by upgrading the corridors and elevator lobby and adding a new conference center.
Cayuga Capital Secures $22M for Brooklyn Retail Conversion
The landlord has already locked down a long-term tenant for the entire building—California-based Vital Climbing Gym will open its first East Coast location in April 2020.
Rockefeller JV Sells More Than 1 MSF at New Jersey Park
Cushman & Wakefield arranged the disposition of two industrial buildings—both fully leased to credit tenants—at Rockefeller Group Logistics Center in Piscataway, N.J.
HFF Brokers $8M Industrial Sale in NJ
The team of Jose Cruz, Kevin O’Hearn, Steve Simonelli, Michael Oliver, Jordan Avanzato, Marc Duval and J.B. Bruno facilitated the deal on behalf of the seller.
Single-Tenant WI Retail Asset Trades for $3M
Quantum Real Estate Advisors brokered the disposition of a fully occupied, 4,442-square-foot building in Fitchburg. The tenant has a remaining 20-year term on the lease.
Marriott Courtyard on Hawaii Changes Hands
HFF worked on behalf of Pacifica Hotels to market the 452-key beachfront property, which comprises two connected six-story towers in the Kailua-Kona neighborhood.
CTDI Signs Full-Building Industrial Lease in Texas
The logistics and repair firm is set to occupy the recently completed, 706,000-square-foot facility in Fort Worth, its fifth location in the state.
Tanger Outlets Sells Multi-State Portfolio for $131M
A joint venture including Singerman Real Estate has purchased four retail centers in Nags Head, N.C.; Ocean City, Md.; Park City, Utah; and Williamsburg, Iowa.
LA-Area Office Building Changes Hands for $12M
The buyer worked with Michael Shuken of Savills, while Stacy Vierheilig-Fraser of Lee & Associates and Scott L. Gertz of WESTMAC represented the seller.
BLT Welcomes New Tenant at 550 KSF Office Campus in CT
Beverage company Diageo has agreed to occupy 40,000 square feet at 200 Elm Street in Stamford, in a transaction brokered by JLL.