Deals
Terreno Picks Up Newark Industrial Asset for $6M
The company completed the transaction with the help of $55 million in acquisition financing, secured by a nine-property portfolio located mostly in the Jersey cities of Newark and Kearny.
Lee Harvard Shopping Center in Cleveland Trades for $13M
Arnold J. Eisenberg Inc. facilitated the sale of the 190,000-square-foot retail asset on behalf of the seller, Excelsior Capital Partners.
Liberty Property Trust Sells Office Building at Philly Navy Yard
The $130.5 million acquisition of a building that’s fully leased to pharma giant GlaxoSmithKline marks the second major purchase for Korea Investment Management in Philadelphia.
Viking Partners Picks Up Knoxville Office Asset
Parkside Plaza features a strong tenant base and is home to notable companies such as Keller Williams, New Penn Financial and Raymond James.
Phoenix Investors Grabs $14M Industrial Portfolio
The two former Quad Graphics properties, located in rural Tennessee and Illinois, total more than 1.1 million square feet. The new owner plans to renovate both assets.
MA Office Property Lands 2 New Tenants
Markem-Imaje will be leasing 14,404 square feet and Dover Corp., its parent company, will be leasing 3,719 square feet, both on the second floor of 65 Grove St. in Watertown.
Skanska Sells Romanian Office Asset
Campus 6.1 is the first phase of a four-building office development in Bucharest. CA Immo purchased the property for $60 million.
Sunhill Corp. Lands 2 San Francisco Assets
The two adjacent buildings, totaling nearly 28,000 square feet, traded for more than $13 million and sit in the city’s SoMa district.
Easterly Government Properties to Buy San Jose Outpatient Facility
The 2018-built property is part of the VA Palo Alto Health Care System and is fully leased to the Department of Veterans Affairs on a long-term basis.
Pillsbury Winthrop Relocates Manhattan Offices
The international law firm signed a deal with Paramount Group Inc. to occupy nearly 90,000 square feet at a LEED Gold-certified trophy tower.