Deals
Richmond Honan Picks Up Atlanta Offices
A joint venture between Pope & Land Enterprises and Noro traded the two buildings for $44 million. The seller bought the property in 2015 for $24.5 million.
Phoenix Investors Acquires PA Mixed-Use Asset
The 402,000-square-foot property in Athens is the former Ingersoll Rand manufacturing plant. The facility will undergo extensive renovations to become a Class A modernized property.
AD1 Global Purchases Myrtle Beach Hotel
Hunter Hotel Advisors represented the seller, Vista Hospitality Group, in the disposition of Courtyard by Marriott Myrtle Beach Barefoot Landing, located within the Barefoot Landing mixed-use development.
NoVa Mixed-Use Changes Hands
Westport Capital and Galaxy Investments teamed up on the purchase of Tavern Square and revealed plans to revitalize the 50-year-old building in Old Town Alexandria.
Encore Development Group Nabs MI Office Space
Founder Jason Hamama plans to redevelop the Troy asset and lease the full ground floor to a food retailer. The new tenant will join Japanese restaurant Benihana in the building.
KKR, Parkway Properties Buy 522 KSF Miami Office Tower
The joint venture partners purchased the 30-story building in the city’s central business district from PGIM Real Estate, which had owned the property since 2013.
Hines Sells 300 KSF Green Building in Phoenix
In the city’s largest office deal so far this year, an affiliate of New York Life Real Estate Investors acquired an eight-story asset in the Camelback Corridor.
Garrison Investment Group, Onyx Equities Sell NJ Asset
The partnership sold the transit-oriented Rochelle Park property less than a year after acquiring it as part of a portfolio transaction.
AJ Capital Buys 275-Key Hilton Hotel
The soon-to-be Graduate Hotels-branded hotel is situated near downtown Eugene and offers convenient access to the University of Oregon’s campus and to various sports venues.
Real Capital Solutions Buys 1.7 MSF FL Asset
IP Capital Partners sold the property—the largest commercial building in Jacksonville—for roughly $48 million. Cushman & Wakefield represented the seller in the transaction.