Deals
National Manufacturing Co. Grabs NJ Industrial Asset
The 88,000-square-foot property is located in Piscataway, along the Interstate 287 corridor, one of New Jersey’s most active industrial hubs.
Hilco Buys Boston-Area Office Campus for $86M
NKF Capital Markets arranged the company’s acquisition of CenterPoint, a 440,000-square-foot property in Waltham, Mass., which formerly served as an R&D and manufacturing hub for Raytheon.
AT&T’s Dallas HQ Building Changes Hands
CBRE has facilitated the sale of the 37-story Whitacre Tower on behalf of Icahn Enterprises. AT&T’s lease renewal through 2030 played a significant role in attracting more than 20 bidders.
Sacramento Valley Retail Center Changes Hands for $18M
The shopping center opened its doors in 1985, anchored by K-Mart. Engstrom Properties renovated the asset and shifted toward a diversified mid-size tenant roster.
FL Medical Office Building Trades for $6M
Avison Young brokered the sale of Boynton West Professional Center in Boynton Beach on behalf of Hews Woolbright. The 80 percent occupied asset is near the JFK and Bethesda hospitals.
Benderson Development Grabs Bay Area Retail Asset
The vacant building that used to be home to Toys “R” Us and Babies “R” Us contains approximately 45,000 square feet.
Coworking Company Enters Charlotte With 23 KSF Lease
Serendipity Labs will occupy the top floor of The Refinery, an upcoming Class A office building just outside of uptown.
CBRE Global Investors Acquires $49M Phoenix Facility
The distribution center changed hands with help from JLL Capital Markets, which arranged the transaction on behalf of the seller.
Binswanger Sells Minority Stake to Key Employees
A board comprising David Binswanger, Frank Binswanger, two employee investors and an independent director will now run the company.
Kimco Realty Trades Colorado Shopping Center
The disposition is part of the retail REIT’s strategy of selling between $700 million and $900 million in assets this year.