Deals
Plymouth Industrial REIT Grows OH Presence
The buyer paid $27 million for a 400,000-square-foot, Class A building in Cleveland, and plans to spend a further $24.8 million on a 1.1 million-square-foot property in Cincinnati.
Colony Industrial Nabs 891 KSF Atlanta Portfolio
The Los Angeles-based firm increased its warehouse footprint to more than 7.7 million square feet. Newmark Knight Frank brokered the deal.
Seattle’s 10 Most Transacted Submarkets by Office Sales Volume
Seattle continues to shine due to its ongoing population growth, solid employment, strong academic footprint and tech-bolstered office demand. More than $2 billion worth of office assets changed hands between January and August 2018.
Warner Inks Lease for New Detroit Office
The company signed a lease agreement with Olympia Development of Michigan for space within its Class A building in The District Detroit.
Texas Developer Nabs 294 KSF Charlotte Shopping Center
CBRE facilitated the deal on behalf of the seller. Ross Dress for Less, Michaels, Office Depot, Guitar Center and Rack Room Shoes anchor the retail asset.
Fenway Capital, Iron Point Buy $25M Phoenix Office Property
The new owners are set to invest more than $7 million in capital and tenant improvements. CBRE’s Capital Markets secured an acquisition loan through CapitalSource.
Netflix Signs Full-Building Lease at Hollywood Office Development
Hudson Pacific Properties’ EPIC project on Sunset Boulevard lands the media giant more than a year in advance of its completion.
Central Florida Hotel Trades for $7M
Follow the buyer, RivieraPoint, on a video tour of the 77-key La Quinta Inn & Suites, which the company plans to renovate.
StorageMart Expands Footprint in Nebraska
The company added 433 units to its self storage portfolio. The newly purchased facility is situated in Omaha, 9 miles from the city’s downtown.
Transwestern Buys Houston Office Asset
The three-story property will undergo a capital improvement program that will transform it into a medical office building branded as Greenhouse Medical Plaza.