Deals
Veritas RE Acquires Pair of Philly-Area Office Buildings
The Marlton properties are located near major thoroughfares and less than 30 minutes away from Center City Philadelphia and Philadelphia International Airport.
Kimco Trades Atlanta-Area Retail Asset
The shopping center, built in the city’s northeast suburbs in 1991, includes nearly 75,000 square feet. A 62,000-square-foot Kroger anchors the property.
MCR Closes $300M Hospitality Fund
The seventh-largest hotel owner-operator in the U.S. added 11 hotels to its first fund and has an additional five hotel deals in its pipeline.
Hollywood Retail Property Trades for $61M
Lee & Associates-LA North/Ventura represented Cahuenga Lofts and Ivar Group in the sale of Space 15 Twenty, a 40,000-square-foot shopping and dining destination along the trendy Cahuenga Corridor.
JLL Secures 281 KSF South FL Industrial Lease
Windward Design Group is planning to centralize its seven locations into one main manufacturing and distribution headquarters in Sarasota later this summer.
Velocis Sells Houston Office Campus
The Echo Lane campus comprises two buildings totaling 189,162 square feet. Since purchasing it in 2012, the firm raised the occupancy rate from 83 percent to 97 percent.
Aztec Group Arranges $6M Financing
The company secured a seven-year fixed rate loan through BankUnited, on behalf of Reo Center Tampa LLC, for the acquisition of the Westshore Center office building in Tampa.
TerraCap Snags $39M Orlando Office Portfolio
HFF represented the seller, an affiliate of Banyan Street Capital and funds managed by Oaktree Capital Management, in its disposition of Resource Square I and III, two Class A properties totaling 244,549 square feet.
Bridge Sells VA Office Campus for $62M
The real estate investment management firm sold SunTrust Center One and Two, a 419,700-square-foot office complex in Richmond, to FD Stonewater just one year after purchasing the asset.
Newmark Group to Acquire RKF Retail Holdings
Robert Futterman, RKF’s chairman & CEO, will become chairman of Newmark’s Retail Leasing Division as part of a move that expands the firm’s retail services.