Deals
SunCap Breaks Ground on AZ Industrial Asset
Twenty-one percent of the 134,358-square-foot Gilbert Spectrum Building One has been pre-leased to SDHQ Off Road. The property is scheduled for completion by the second quarter of 2019.
Rexford Industrial Buys, Sells $136M in SoCal Assets
The standout of the three separate transactions is the addition of the fully leased, 695,100-square-foot industrial facility at 5300 Sheila St. in Commerce, near downtown Los Angeles.
KBS Inks 22 KSF Lease at San Jose Office Property
The firm secured a lease with accounting and consulting firm BPM to occupy space at its LEED Gold-certified, 309,255-square-foot office asset.
Orange County Industrial Portfolio Sells for $23M
Cushman & Wakefield has brokered the sale of a two-property portfolio located in Fullerton, Calif. The facilities are within the 47-acre master-planned Northpoint Commerce Industrial Park.
Silverman Group Snags FL Industrial Property
Cushman & Wakefield’s Capital Markets team represented the seller, Denholtz Associates, in the disposition of Flamingo Commerce Center, a West Palm Beach-area industrial asset.
Canadian REIT to Buy Columbus-Area Industrial Portfolio
Granite Real Estate Investment Trust entered into an agreement to acquire four fully occupied, single-tenanted buildings in Central Ohio totaling roughly 3.8 million square feet.
Wyndham Closes $1.3B Sale of European Vacation Business
Private equity firm Platinum Equity acquired the concern, which is the largest manager of holiday rentals in the region. The deal comprises more than 110,000 units in 25 countries.
Savanna Inks 23 KSF Manhattan Lease
The company signed workspace provider Knotel to a seven-year lease at 31 W. 27th St. in the NoMad District, which is currently undergoing a massive capital improvements plan.
NKF Negotiates WI Industrial Sale-Leaseback
Senior Managing Directors Sergio Chapa and Corey Chase assisted the buyer in purchasing a roughly 54,000-square-foot property in Caledonia. The asset is 100 percent occupied.
Blackstone Sells Iconic London Office for $335M
The 286,600-square-foot Cannon Bridge House property, consisting of two linked buildings atop a rail station, has changed owners after a successful renovation and repositioning.