Deals
Marcus & Millichap Brokers Self Storage Center Portfolio Sale
The Mele Group arranged the deal for three Rhode Island facilities located in East Greenwich, Narragansett and Richmond, totaling more than 175,000 square feet.
Facebook Leases 800 KSF Bay Area Office Project
Kylli Inc. inked a deal for the tech giant to occupy all four buildings of its Burlingame Point development, which will debut in 2020 in the San Mateo County market.
Ten Capital Management Acquires St. Louis Office Asset
The Class A building, which comprises more than 250,000 square feet, was 97 percent leased at the time of sale to four tenants, including Cushman & Wakefield.
PBS Finds New Location in Crystal City
Like its current headquarters, the nonprofit broadcaster’s future home is owned by JBG Smith Properties, the submarket’s largest landlord.
SRS Real Estate Partners Brokers KY Retail Center Sale
Crestwood Crossing, a roughly 19,000-square-foot retail asset in Crestwood, changed hands for $3.5 million. An Ohio-based buyer purchased the asset from a local developer.
Distribution Center in OH Acquired in 1031 Exchange
The 33,197-square-foot property carries a cap rate of 7.93 percent, with more than four years of remaining lease term. Third Coast purchased the asset for $3.4 million.
CIM Group Acquires Seattle Office Asset for $151M
Pacific Eagle Holdings sold the historic Dexter Horton building in the downtown area. The 335,000-square-foot property underwent extensive renovations in 2002 and 2015.
LaSalle Investment Adds $1.2B Debt Fund Business
The global real estate investment manager acquired a majority stake in Latitude Management Real Estate Investors, naming the new debt platform LaSalle Mortgage Real Estate Investors.
Innovatus Capital Partners Buys Nashville Office Portfolio
The two buildings add up to more than 340,000 square feet and traded for nearly $64 million. The properties last changed hands in early 2017.
Miami CBD Tower to Undergo $10M Reno
One Biscayne Tower added a new tenant amidst the capital improvement program. Law firm Buchanan Ingersoll & Rooney plans to relocate later this year in April.