Deals
Ohio Mixed-Use Center Gets $172M Refi
The floating-rate loan for the owners of Pinecrest in a Cleveland suburb was provided by Square Mile Capital Management LLC and replaces existing construction debt.
KBS Buys Orlando Office Property for $49M
The five-story Maitland Promenade One is situated within Maitland Center, one of the largest suburban office parks in Central Florida. The firm also already owns the sister building, Maitland Promenade Two.
Vantage Data Centers to Add 160 MW in Phoenix
The campus will comprise three data centers across 1 million square feet in Goodyear, Ariz. The initial phase will add an initial 32 megawatts and is slated for completion in 2020.
Liberty Property Trust Inks Full-Building Lease in NJ
The Gilbert Co. will be the only tenant of the 302,500-square-foot industrial building, which traded in a $41 million deal last September.
Markel | Eagle Sells Richmond Office Asset for $56M
The company invested $19 million to renovate the 355,449-square-foot office building. Upgrades included the addition of a 250,000-square-foot parking garage and a new fitness center, among other amenities.
Knotel Inks 4 New Leases in Manhattan
The shared workspace provider added new locations in New York City’s Midtown South and Midtown East neighborhoods totaling 76,412 square feet.
Panattoni, Principal Real Estate Lease 70 KSF Industrial Asset in OC
Daum Commercial completed the 10-year lease with a roofing distributor. The Class A asset is part of Orange County Commerce Center, a four-building property totaling 232,354 square feet.
Castellum Buys, Sells $550M in Swedish Office Assets
The real estate company continues to refocus its portfolio on growth areas, with the purchase of six properties in Linköping and the disposition of 20 others in Sundsvall.
Office Park in Tampa Changes Hands
An affiliate of Chrysalis Health has acquired Gulf South Center, a 98,000-square-foot, six-building asset in Tampa, Fla. The new owner plans to upgrade the property.
The Mele Group Brokers Sale of FL Facility
Marcus & Millichap’s Tampa-based office arranged the sale of a 746-unit self storage facility in St. Lucie, Fla. The brokerage team represented the seller and secured the buyer