Deals
Sumitomo Welcomes InnerWorkings to Chicago Office Tower
The global marketing execution firm will relocate its headquarters to 203 North LaSalle. The deal brings the office building to 71 percent occupancy.
Duke Realty Inks GA Industrial Lease
Slated for delivery in September, the 194,120-square-foot warehouse will be accessible via CSX rail. NFK worked on behalf of the tenant in the transaction, a logistics company.
Transwestern Negotiates 59 KSF Lease in Houston
CAM Integrated Solutions is the new tenant of a 175,000-square-foot office building within the Park Ten Office Park complex in the city’s Energy Corridor submarket.
London Hotel Portfolio Changes Hands for $1.3B
Queensgate Investments acquired the four upscale properties from Grange Hotels and has an agreement with Fattal Hotel Group, which will reposition and run the properties.
Copra Holdings Buys Houston-Area Storage
The company expanded its portfolio with 256 storage units in Magnolia, Texas. Bellomy & Co. represented the buyer in the transaction.
Georgetown University Buys Downtown DC Office Asset
In a nimble change of strategy, Office Properties Income Trust sold 500 First St. for $70 million rather than proceeding with a planned renovation of the soon-to-be-vacant building.
Law Firm Relocates MD HQ
By 2020, Stein Sperling Bennett De Jong Driscoll will move 150 employees to The Tower Building, a LEED Gold-certified office asset in Rockville, Md.
Suburban Atlanta Office Park Commands $24M
ESJ Capital Partners acquired the four-building Barrett Business Center from Pope & Land Real Estate and plans to undertake a comprehensive renovation process of the property.
BioMed Realty Buys $135M Bay Area Office Property
The company purchased the 250,000-square-foot Emeryville Center for Innovation in a sale-leaseback transaction. The deal also includes adjacent developable land parcels.
Inside JLL’s $2B Deal for HFF
The proposed deal is expected to help the buyer accelerate its plan to double its capital markets business, as well as boost its debt advisory business in Europe and the Asia Pacific region.