Deals
Chicago Loft Office Building Commands Near-Record Price
Marcus & Millichap represented the seller of the four-story West Loop property, which traded for 13.1 million or $436 per square foot.
Normandy, Taconic Capital Secure MD Office Loan
HFF facilitates the acquisition financing for the 262,000-square-foot Gateway Tower in Rockville. The joint venture partners are set to upgrade the asset and add new common-area amenities.
Dole Food Sells HQ for $50M
CBRE secured the buyer for the fruit and vegetable company’s campus in Westlake Village, Calif. The seller will lease back a segment of the three-story building.
NAI Hiffman Arranges Large IL Warehouse Lease Expansion
The tenant, JBS Logistics & Warehousing Inc., will occupy close to 400,000 square feet in the Chicago I-88 Corridor submarket.
Westcore Properties Adds LA-Area Facility to Holdings
The fully leased industrial facility is located in Moorpark, Calif. NKF Capital Markets worked on behalf of the seller, whereas the buyer was self-represented.
HALL Structured Finance Arranges Loan for AZ Hotel Redevelopment
The owner is set to transform the 32-key CopperWynd Resort into a 177-key luxury hotel that will operate under the Marriott Autograph Collection flag.
Brookfield Properties Lands 73 KSF Houston Office Lease
The landlord closed a lease renewal within the 4.2 million-square-foot Houston Center, at LyondellBasell Tower. Law firm Haynes and Boone will occupy three floors at the property.
Richmond Office Building Trades in Sale-Leaseback Deal
Southern States Cooperative received $14.7 million for the six-story asset. The buyer selected Cushman & Wakefield | Thalhimer to handle property management and leasing services.
New Jersey MOB Complex Fetches $135M
With the assistance of HFF, National Business Parks sold the 538,100-square-foot Morristown asset in the state’s largest medical office sale of 2018 to date.
Hines Trades NorCal Office Portfolio
Basin Street Properties paid nearly $45 million for three buildings in Sacramento’s Point West submarket. The assets total more than 345,000 square feet.