Deals
Macquarie Investment Management to Relocate Philly HQ
The company has agreed to occupy 145,000 square feet at Keystone Property Group’s 100 Independence Mall West in the city’s CBD, with plans to move in by 2020.
JV Lands $29M Construction Loan for Fort Lauderdale Hilton
Mission Capital Advisors arranged the financing on behalf of Merrimac Ventures and Driftwood Acquisitions and Development, to begin building a dual-brand, 218-key project.
Westcore Sells Inland Empire Industrial Asset
DHL purchased Cajon Distribution Center in San Bernardino, Calif., only a year after Westcore acquired the 830,750-square-foot property from Black Creek Group.
TriGate Capital, RSP Partners Trade Phoenix Retail Center
The Niki Group purchased the shopping center in a $26 million transaction handled by CBRE. LA Fitness anchors the 150,000-square-foot asset.
NexGen Acquires CO MOB
Transwestern has brokered the sale of EastRidge, a 23,119-square-foot medical office building in Highlands Ranch, Colo., for roughly $5 million.
Group RMC Lands $63M for Chicago Office Purchase
JLL Capital Markets arranged the loan through Morgan Stanley, to facilitate the company’s acquisition of a three-building Class A campus in the metro’s East-West corridor.
Nicola Crosby Buys $50M Houston Office Building
HFF worked on behalf of the buyer to arrange a seven-year, 4.6 percent fixed-rate acquisition loan for its purchase of Westgate I, a four-story, 249,00-square-foot asset.
JOSS Realty Snags $30M VA Office Building
Cushman & Wakefield represented the seller, Finmarc Management, in the disposition of the Offices at Waterfront Center. The property is anchored by Sport & Health, a full-service fitness and health club.
Cress Continues Western US Shopping Spree
With the $89.5 million purchase of a five-building Class A office portfolio in Cerritos, the Newport Beach-based company has made its fourth significant acquisition in the past 18 months.
Priam Capital Enters Tampa Bay Office Market
The Nashville-based company acquired an eight-building portfolio totaling roughly 435,000 square feet. Cushman & Wakefield facilitated the transaction on behalf of the seller.