Deals
WeWork Expands VA Footprint
The company is set to occupy more than 80,000 square feet at CEB Tower at Central Place in Rosslyn, a JBG Smith property.
Cushman & Wakefield Brokers Shopify’s 434 KSF Toronto Lease
The e-commerce platform signed a long-term lease at downtown Toronto’s newest mixed-use development, The Well. Since 2013, the global real estate services firm has represented Shopify in several other deals.
HFF Arranges $180M Loan for Class A Industrial Portfolio
A joint venture between Bixby Land Co. and an institutional partner used an initial $48.9 million in funding to acquire four buildings across California and Arizona.
Vantage Data Centers Expands into Canada
The Santa Clara, Calif.-based wholesale data center provider will add assets in Montreal and Quebec City when the $200 million acquisition of 4Degrees Colocation is completed.
Thor Equities Inks New Manhattan Retail Lease
The firm added Smile Direct Club to the tenant roster of a mixed-use asset in Harlem, alongside Insomnia Cookies, Fuel Juice Bar and Harlem Wine and Spirits.
The Mele Group Brokers Sale of PA Storage
Marcus & Millichap’s Tampa-based brokerage team arranged the sale of the 598-unit facility located in Harrisburg, Pa. The team represented both the seller and the buyer in the deal.
Meridian Closes 5th MOB Acquisition in California
The company will invest $3.6 million in upgrades to the property, which was vacant at the start of negotiations. While the sale was in escrow, Newmark Knight Frank found a tenant for half the building.
JV Sells Office Asset Near Tampa for $40M
The St. Petersburg, Fla., property commanded twice the price paid by Convergent Capital Partners and Denholtz Associates only two years ago.
JV Sells $72M Long Island City Industrial Building
Less than two years after buying the asset, the joint venture between Metropolitan Realty Associates and TH Real Estate sold the property for a tidy profit.
AD1 Global Acquires $93M Hotel Portfolio
Seller Lingerfelt Commonwealth Partners spent $8.5 million on renovating the properties during its three-year ownership. The five assets are located in Orlando, Atlanta and Charlotte. N.C.