Deals
Transactions: November 2018
The following is a list of transactions that were announced over the month of September, 2018.
Sterling Realty Acquires Seattle Office Asset for $38M
Redmond Technology Center was 93 percent occupied at the time of sale. The building is LEED certified to the Gold level and features floorplates of 34,000 square feet.
Oakland Office Asset Trades for $11M
Now known as the Fruitvale Gateway Building, the 90-year-old office asset originally served as a hospital. NAI Northern California represented both buyer and seller.
CIT Group Provides $35M for Manhattan Office Project
The six-story development will feature more than 74,000 square feet of medical office space, providing convenient access to the area’s hospitals, medical schools, research centers and outpatient facilities.
Carter Validus Acquires AR MOB Portfolio
Four of the five medical office buildings included in the sale are occupied by Saline Hospital, while the fifth facility is leased to National Park Endoscopy Center.
The Mosaic Co. Relocating to Iconic Tampa High-Rise
The company will move its headquarters from Minnesota to Bank of America Plaza. The deal marks Tampa Bay’s first Fortune 500 corporate relocation.
Atlanta Airport Hotel Changes Hands
Alex Brown Realty sold the DoubleTree by Hilton property to a joint venture led by Hersha Hospitality Management for more than $23 million.
Heitman Pays $73M for Trophy SF Office Building
The LEED Gold-certified property dubbed 500 Pine came on line in 2017 and is one of the newest office developments in the city’s North Financial submarket.
Banyan, Oaktree Capital Buy Tampa Trophy Tower for $110M
Cushman & Wakefield represented Alliance Partners HSP in the sale of Tampa City Center, a 38-story, 757,425-square-foot downtown office building.
Zamir Equities Buys 560 KSF Cleveland Office High-Rise
In a deal facilitated by HFF, American Landmark Properties Corp. sold 1111 Superior Ave. four years after having acquired the asset half-full for $19.5 million.