Deals
American Realty Advisors Snags CA Industrial Property
A joint venture between Batcheller Equities and Panattoni Development Co. sold the 143,930-square-foot facility in Anaheim, which is currently 100 percent occupied by Rosendin Electric.
NAI Partners Arranges 64 KSF Houston Industrial Sale
The 9,000-square-foot 14790 Park Almeda is part of the South Belt Industrial Park, while 14333 Sommermeyer is part of the Sommermeyer Neighborhood Depository/Recycling Center.
Thor Equities, Meyer Bergman to Sell London Retail Asset for $407M
Considered a landmark since its completion in 1819 as Britain’s first shopping arcade, Burlington Arcade features 37,000 square feet of space and attracts more than 4 million visitors a year.
Hines Trades Florida Office Property
The new owner will use the office building, formerly a residential sales office for a 1,450-acre master-planned community, as its regional headquarters.
Apple Hospitality Expands AZ Portfolio With $44M Phoenix Buy
Developed by Mortenson Construction and designed by PK Architects, the 210-key Hampton Inn & Suites by Hilton Phoenix Downtown marks the REIT’s 12th hotel property in the state.
Pittsburgh Embassy Suites Changes Hands for $25M
The sale of Embassy Suites Pittsburgh Airport hotel in Coraopolis was brokered by Marcus & Millichap, equating to a price of $112,108 per key.
Grubb Properties Enters DC Market
Special servicer C-III Asset Management represented U.S. Bank in the disposition of Argon Plaza in Fairfax, Va. The distressed office building changed hands in a $38.8 million deal.
L+R Enters U.S. Hotel Market
The company purchased the 283-key Hotel MdR—a DoubleTree by Hilton Hotel in West Los Angeles, which underwent extensive renovations and a repositioning in 2014.
Atlanta-Area Storage Facility Sells for $19M
Stein Investment Group has traded Space Shop Self Storage, located in suburban Atlanta. Marcus & Millichap represented the seller and procured the buyer.
Gramercy Sells SC Industrial Facility
Newton Way Industrial Center in Summerville comprises 451,370 square feet and was purchased by a user for occupancy. HFF facilitated the sale on behalf of the seller.