Deals
Alta Properties Offloads Atlanta Office for $27M
The buyer selected Avison Young to oversee property management and financed the acquisition with a five-year, $18 million loan held by Capital Bank.
Globe Corp. Sells Industrial Portfolio in Metro Chicago
Green Door Capital and Citimark have teamed up on the acquisition of seven properties totaling 447,059 square feet, with an average occupancy rate of 93 percent.
Cinemark, AEP Sign 40MW Wind VPPA in Texas
The deal will support up to 40 megawatts of renewable energy from AEP Energy Partners’ Trent Mesa wind center in Nolan County, Texas.
Lexington Realty Trust Signs 21 KSF Tenant in Houston
The tenant, a home construction firm, will occupy the first floor of the REIT’s 155,000-square-foot office building in the Energy Corridor submarket.
Crocker Partners Buys $55M Orlando Office Portfolio
Wells Fargo Bank provided financing to facilitate the acquisition of Northpoint Center. The three-building asset encompasses roughly 335,000 square feet in Lake Mary.
St. John Properties Inks 3 Baltimore-Area Leases
The firm signed American Pool Enterprises, USA Marble and Granite LLC, as well as Erickson Living to new spaces totaling 35,000 square feet.
PNY Technologies Sells NJ Industrial Property
In a sale/leaseback deal arranged by Cushman & Wakefield, Turnbridge Equities and Harbor Group International have acquired a 540,103-square-foot building in Parsippany.
Belay, Harbor Associates Buy 2 Office Assets for $57M
In separate joint ventures, the partners acquired properties totaling 302,000 square feet in Denver and the suburban Los Angeles city of Glendale, Calif.
CBRE Brokers HQ Relocation for Jostens
Brian Fogelberg and Mark McCary directed the lease on behalf of the tenant. The new office spans across three floors at Minnesota Center.
Daishin Securities Acquires NYC Office Tower for $195M
ASB Real Estate Investments sold the 21-story landmarked Midtown office asset on behalf of its $7.3 billion Allegiance Fund, its core investment vehicle.