Deals
Somerset Properties Trades Milwaukee Office Portfolio
The six assets, which contain nearly 400,000 square feet, sold for close to $38 million. The seller purchased the buildings in 2012 as part of a $195 million portfolio deal.
WeWork Leases 200 KSF in Lower Manhattan
W2O Group and the American Foundation for Suicide Prevention have also committed to occupy a total of more than 85,000 square feet at 199 Water St.
Bellomy & Co. Brokers Dallas Storage Sale
The company has arranged the sale of a 541-unit self storage facility located along Frankford Road, the dominant retail corridor of Dallas.
NorCal Hilton Hotel Sells for $50M
Ashford Hospitality Trust is the new owner of the 178-key property in Santa Cruz. Acquisition financing included a non-recourse mortgage loan of roughly $25.3 million.
FRP Acquires Baltimore-Area Industrial Park
The company intends to perform capital improvements on the 270,000-square-foot Cranberry Run Business Park in Aberdeen, Md. The $6.3 million purchase is part of the firm’s new development strategy.
KBS Realty Signs JPMorgan Chase Lease Renewal in Dallas
The long-time tenant will continue to occupy nearly 42,000 square feet at Preston Commons, a three-building office park undergoing a $15 million improvement plan.
Pinnacle Brokers CO Retail Asset Sale
The company facilitated the $1 million acquisition of a single-tenant, net-leased property located in a King Soopers-anchored shopping center in Westminster.
FD Stonewater Buys Nashville Office Asset
The Class B building traded for $17 million. The fully leased property last changed hands in 2014, for $16.5 million.
Nashville MetroCenter Office Changes Hands
Menlo Equities acquired the 107,000-square-foot, Class B asset for approximately $22 million—more than double the price the seller had paid in 2006.
Oxford Cos. Arranges MI Flex Building Deal
An Oxford-sponsored investment partnership, Grand Venture Associates, previously bought the Brighton building in 2007. At the time of sale, the asset was fully occupied.