Deals
JV Buys Warehouse, Plans Office Revamp in Richmond
The 35,985-square-foot industrial asset is located in the Scott’s Addition neighborhood. The new ownership intends to reposition the asset as a creative office property, with extensive remodeling work planned for the next six months.
Coretrust Picks Up 640 KSF Pasadena Office Campus
The company paid $260 million for Corporate Center Pasadena and is set to invest more than $90 million to upgrade and reposition the four-building asset.
Black Equities Buys Houston Business Center
The company expanded its portfolio by a total 192,000 square feet of industrial space in Houston. The facility is within the 440-acre master-planned business center dubbed Interwood Business Park.
San Diego Office Property Trades for $18M
Constructed in 1989, the two-story, 61,227-square-foot building recently underwent renovations, which included upgrades to the lobbies, common areas and entryways.
Leon Capital Sells FL Retail Center for $19M
Cushman & Wakefield represented the seller in its disposition of Marketplace Square, a 169,223-square-foot property anchored by Hobby Lobby.
FRP Sells $347M Multi-State Industrial Portfolio
The 3.6 million-square-foot group of assets, located across three Mid-Atlantic states, includes 40 warehouse and warehouse/office properties, as well as three land parcels.
Bridge Leases 750 KSF Chicago-Area Industrial Space
The three properties in Cicero, Waukegan and Franklin Park are currently under construction, with delivery slated by the end of 2018.
Seritage Growth, Invesco Team Up for La Jolla Conversion Project
The partnership is set to transform the vacant Sears store and auto center at Westfield UTC into more than 200,000 square feet of premium retail space.
C&W Bolsters Ft. Lauderdale Office Asset Tenancy
Tenants Patriot National and Marcus & Millichap will occupy a total of roughly 32,000 square feet at Cypress Financial Center, bringing the building’s occupancy to 88 percent.
ViaWest Sells 249 KSF Industrial Portfolio in TX
CBRE represented both parties involved in the deal. Merchant Industrial is a four-building property in El Paso, which the company previously acquired back in 2015.