Deals
PPL Corp. Acquires Safari Energy
The transaction will not alter PPL’s core business strategy, but will allow it to take part in the growth of distributed energy resources, including energy storage.
AY Closes $8M Sale of WPB Office Asset
Carrier Corp. is the only tenant of the 37,392-square-foot The Atrium. The asset changed hands within 45 days of hitting the market.
AEW Sells NJ Retail Center for $42M
ShopRite is Wall Towne Center’s largest tenant, making the roughly 100,000-square-foot property the only grocery-anchored retail center along Route 34.
Retail Properties of America Sells Last Office Asset
Schaumburg Towers in Schaumburg, Ill. comprises 895,400 square feet across 20 floors and sold for $86.6 million, a $51.4 million difference since the company purchased the campus in 2004.
Vornado to Exit Troubled Kushner Building in NYC
Kushner Cos. will buy out Vornado Realty Trust’s nearly one-half interest in the 666 Fifth Ave. office condominium, as a sale of a similar stake to another mega-investor reportedly is pending.
Memphis Industrial Portfolio Commands $50M
A partnership between Diamond Properties and funds managed by Ares Management LP acquired 43 buildings in the deal, thanks to $32.5 million in financing arranged by HFF.
Anchor Health Picks Up Charlotte MOB
CBRE represented seller The Bissell Cos. in the transaction, while Capital One facilitated the deal with $11.6 million in acquisition financing on behalf of the buyer.
BWI Airport Sheraton Hotel Changes Hands
Vista Group of Cos. acquired the 203-key Sheraton Hotel Baltimore Washington Airport. The property is a seven-minute drive from the airport, offering a complimentary shuttle service.
SL Green Leases 2 Full Floors at Tower 46
Located at 55 W. 46th St., the 2013-built property comprises 347,855 square feet across 34 stories. Features include column free floors, 14-foot slab heights, in-building parking, floor-to-ceiling windows and a tenant-only fitness center.
Miami Logistics Park Bolsters Occupancy
Neutralogistics has expanded its presence at Airport North Logistic Park by roughly 69,000 square feet. L&B Realty Advisors’ industrial complex is now 75 percent leased.