Deals
Magna Hospitality Group Sells 216-Key NY Hotel
HFF worked on behalf of the company to arrange the transaction, and secured a three-year, floating-rate acquisition loan for the buyer.
Montecito Medical Lands 15 KSF Boston MOB
Built in 2015, the facility features more than 15 pediatric specialty services. Boston Children’s Hospital is the primary pediatric teaching hospital for Harvard University’s medical school.
Downtown Jacksonville Office Trades for $59M
The 23-story building—to be rebranded as VyStar Tower—recently underwent an expansive renovation program that included the addition of a fitness center and tenant lounge.
Tallahassee Retail Asset Changes Hands for $16M
JLL Capital Markets arranged the sale and financing of Killearn Shopping Center on behalf of the sellers, a joint venture between DDR Corp. and Madison International Realty.
Lincoln Property JV Snags Historic SF Office Property
The firm purchased 332 Pine St. in a partnership with Rockwood Capital. The nine-story property comprises 51,522 square feet and last traded in 2014 for $22.2 million.
Duke Realty to Build 618 KSF Cincinnati-Area Facility
Design Within Reach will be the lone tenant in the upcoming property. The industrial development is scheduled for completion in early 2019.
KAMCO, 90 North Buy $75M Ohio Office Complex
In one of the city’s biggest deals this year, the firms completed the acquisition of two office buildings fully leased by the Cincinnati Children’s Hospital for use as its Operations Center through 2032.
Griffin-American REIT Buys $24M MOB in Seattle
Virginia Mason Health System and Swedish Health Services are among the tenants of the 1991-built property. The buyer financed the acquisition using cash on hand and borrowings.
CREC Sells Orlando-Area Boutique Office
Heathrow International traded for $10 million, more than double the purchase price of $4.2 million the company paid for the asset five years ago.
EverWest, CenterSquare Sell Phoenix Office Campus
With the sale of The Madison, a 177,312-square-foot Class A property, EverWest’s transaction and renovation push in the metro over the past 24 months reached $165 million.