Deals
Atlanta-Area Retail Property Trades for $2M
Kehr Hunter Properties disposed of Delk Powers Ferry Place in Marietta, Ga. The 88 percent leased asset includes tenants such as Domino’s Pizza, American Deli and China Doll.
Lamar Acquires 550 KSF Phoenix-Area Shopping Center
In partnership with Real Capital Solutions, the company purchased a segment of Promenade at Casa Grande, a 1 million-square-foot retail property in Casa Grande, Ariz.
Rexford Industrial Buys $18M SoCal Industrial Facilities
The company purchased two assets totaling 93,898 square feet, located in Simi Valley and Tustin, Calif. The properties traded in off-market transactions.
Oxygen Hospitality Group Buys Palm Springs Hotel
Located at 2000 N. Palm Canyon Drive, the 100-key Ivy Palm Resort & Spa will be subject to a series of tech-drive redevelopments.
TriOut Advisory Snags $28M FL Office Asset
The three-story building comprises 186,309 square feet and is fully occupied by WiPro’s HealthPlan Services Inc. until 2022.
SVN Brokers Sale of 5-Property Portfolio
The company has facilitated the sale of five self-storage properties located in Kewanee and Atkinson, Ill. The buildings comprise a total of 47,000 square feet.
NAI Hiffman Secures 3 Tenants for IL Office Building
The company represented Napleton Auto Group in three lease transactions totaling more than 13,000 square feet at One Oakbrook Terrace in Oak Brook.
Stream Realty Closes 72 KSF Houston Office Leases
GTC Technology signed a new lease in the city’s Energy Corridor, while law firm Munsch Hardt Kopf & Harr renewed and expanded its lease in the CBD.
Blackstone Sells NYC Office Tower for $640M
The company found a buyer for the 683,000-square-foot 5 Bryant Park in Midtown Manhattan with the assistance of JLL and HFF. JLL also arranged $463 million in acquisition financing.
Cabot Properties Picks Up $16M Philly-Area Warehouse
The roughly 174,000-square-foot warehouse is currently fully occupied by a single tenant and includes an urban infill site. The location allows for immediate access to three interstates.