Deals
JV Sells Pair of DC-Area Research Facilities
The properties were built for the National Institutes of Health in 2004. The agency continues to fully occupy the 229,905 square feet of Class A space.
NJR Sells Remaining Wind Assets for $208M
With an anticipated closing date of the Dec. 31, 2018, the current transaction completes the disposition of all the company’s operating wind farms.
Thor Equities Welcomes WeWork in Mexico
The coworking giant is the anchor office tenant at The Landmark Guadalajara, a new 2.5 million-square-foot mixed-use development with high-end retail and luxury residences.
Hampshire Cos. Sells NJ Industrial Building for $51M
HFF handled the sale of the more than 380,000-square-foot property in Totowa, which consists of both older renovated space and a brand-new addition.
Broe Real Estate Sells Metro DC Medical Pavilion
The 18-year-old property is situated in the city of Rockville, Md., and in the four years that the firm owned it, the building’s occupancy went from zero to 72.5 percent.
Foreign Fund Makes First US Acquisition in NJ
Westwood Properties purchased the suburban office property for $17.2 million. Known as 3 Becker Farm Road, the asset has undergone an extensive capital improvement program.
Trammell Crow to Develop PA Industrial Facility
The development firm is set to build a speculative distribution center in the Valley View Business Park near Scranton. The project will be situated in an Opportunity Zone.
Signature Bank Expands Manhattan Footprint
The commercial bank added 20,691 square feet to its space at Empire State Realty Trust’s Midtown office tower, bringing its total square footage to 111,872.
Iron Guard Storage Expands IN Footprint
The firm has added to its portfolio a 74,562-square-foot storage facility located in Newburgh, Ind. approximately 11 miles from Evansville.
Redwood Partners Acquires Metro LA Asset for $61M
Newmark Knight Frank’s Capital Markets team represented the seller, a joint venture between Singerman Real Estate and Ocean West Capital Partners, in its disposition of the Long Beach office building.