Deals
Amazon Industrial Building in Bay Area Sells for $105M
CT Realty completed the development of the 1.2 million-square-foot industrial facility in 2018, as part of the first phase of the company’s NorCal Logistics Center.
Three-Hotel Portfolio Changes Hands in Boston Area
HFF handled the sale of the 433-key portfolio in the competitive Boston hospitality market. Jamsan Hotel Management purchased the assets from Linchris Hotel Corp.
San Diego Building Goes From Vaults to Vets
Voit Real Estate Services leased a former bank vault facility to the Veterans Administration, which will operate it as an outpatient clinic once renovations and a major addition are completed.
Sealy & Co. Acquires 1 MSF Industrial Asset in MS
The Class A distribution facility in Olive Branch is fully leased to Williams Sonoma. The asset is less than 20 miles from the country’s busiest air cargo airport.
Silverstein Properties, Partners Pay $452M for Philadelphia Tower
Acquired in a JV with Arden Group and Migdal Insurance, 1735 Market Street marks Silverstein’s first office investment outside Manhattan.
WAFUSA Logistics Relocates, Triples MI Space
Colliers International’s Tim Van Noord brokered the lease, which represents the tenant’s third expansion in Grand Rapids since its 2013 launch.
SVN Brokers Chicago Loft Office Building Sale
Angelo Labriola and Paul Cawthon of the Cawthon-Labriola Group of SVN Chicago represented the seller while Advisors Stephen Cusano and James Mead represented the buyer.
Forum Energy Technologies Renews 109 KSF Houston Lease
Transwestern Commercial Services has secured the lease renewal for the oilfield products company’s headquarters in suburban Houston. The Class A building received LEED certification in 2015.
World Class Expands Footprint in Northwest Austin
The company acquired the five-building Offices at Stonelake, which is part of the Quarry Business Park. The campus’ tenant mix features mainly technology firms.
Cousins, TIER REITS to Merge in $7.8B All-Stock Deal
The deal, expected to be completed in the third quarter, would create the preeminent Sun Belt office REIT, with 21 million square feet of Class A trophy office properties in hot markets like Austin and Atlanta.