Deals
McCraney Property Inks Full-Building Lease in FL
UPS will occupy nearly 210,000 square feet at 27 Logistics Park, an industrial warehouse in Davenport. CBRE handled leasing for the property on behalf of the owner.
Manatt, Phelps & Phillips Expands Chicago Office
The law firm will move into 11,000 square feet of custom, high-tech office space at the John Buck Co.’s CNA Center in the Loop.
Portland Industrial Property Changes Hands for $49M
Specht Development and Ares Management have teamed up on the acquisition of the nearly 1 million-square-foot facility, which currently houses grocery wholesaler and retailer SUPERVALU.
Ready Capital, Owens Realty Mortgage to Merge
The combined company will operate as Ready Capital, be headquartered in New York City and retain Thomas Capasse as chairman & CEO.
R2 Cos. Buys 525 KSF Midwest Creative Office Portfolio
The real estate investment firm acquired the collection of 11 buildings, located in Minneapolis and Milwaukee, from Sara Investment Real Estate in a $60 million transaction.
Midcoast Properties Brokers Sale of GA Storage
The brokerage firm worked on behalf of the seller, a private owner, in the deal. The 724-unit facility is situated in Stockbridge, Ga., about 24 miles from downtown Atlanta.
Twitter Signs 215 KSF Lease Extension in NYC
Columbia Property Trust secured the social media company’s lease for another five years. This location marks Twitter’s second-largest headquarters after San Francisco.
Avison Young to Acquire GVA
The combined operations will have 5,000-plus employees in more than 120 offices in 25 countries. The transaction is expected to close in early 2019.
Transwestern Brokers Sale of 150 KSF FL Retail Asset
The Orlando Class A shopping center spans 15 acres and is shadow-anchored by Walmart and Lowe’s Home Improvement Store.
Peachtree Hotel Group Trades Jacksonville Sheraton
The buyer, a joint venture between Rockbridge and Hospitality Ventures Management Group, plans to invest more than $1 million in renovations.