Deals
Rockefeller Group, Mitsubishi Sell Boston Trophy Tower
TA Realty arranged the $418 million sale of 28 State St., a 479,000-square-foot office building in the city’s Financial District. According to published reports, Heitman Capital Management is the new owner.
TerraCap Trades Orlando Office for $28M
When the company purchased the asset for $9.3 million in 2014, the building was 26 percent leased. Following a series of renovations, Keller Center has reached full occupancy.
FST Logistics Sells 2 Ohio Assets
The distribution and logistics facilities total more than 350,000 square feet. NAI Hiffman and NAI Ohio Equities represented the owner in the transaction.
Inland Empire Warehouse Sells for $16M
Cushman & Wakefield has arranged the sale on behalf of the owner, Newcastle Partners. The asset, completed in 2017, offers easy access to Interstate 215.
Chesapeake Lodging Trust to Sell SoCal Hotel for $90M
The planned disposition of the Hyatt Centric Santa Barbara comes five years after the REIT acquired the 200-key destination for $61 million.
Rockpoint Group Buys 5-Building OC Office Asset
This transaction marks the largest office sale this year in Orange County for NKF Capital Markets, which represented the seller of the 479,450-square-foot property in Aliso Viejo, Calif.
Midcoast Properties Facilitates SC Storage Sale
The brokerage company represented the seller, a private owner based in South Carolina, in the transaction. The 382-unit property is located in Columbia.
Tishman Expands Orlando Hospitality Portfolio
Karlson’s Hospitality traded the three properties, which include 400 guestrooms, for $66 million. The new owner funded the acquisition with a $58.5 million loan.
Transactions: June 2018
The following is a list of transactions that were announced between April 5 and May 2, 2018.
SLC Office Campus Changes Hands
The Muller Co. has teamed up with Cerberus Capital Management to acquire Canyon Park Technology Center, a 924,634-square-foot campus in Orem, Utah.