Deals
Ironwood Insurance Signs Atlanta HQ Relocation Lease
The tenant plans to move into the 26,000-square-foot headquarters at One Riverside in June. Cushman & Wakefield represented the landlord in the lease negotiations.
EquiCap Facilitates IN Self-Storage Asset
The Illinois-based brokerage company has facilitated the sale of a 239-unit self-storage facility located in Crown Point, Ind. The firm represented the seller and sourced the buyer in the deal.
CBRE Arranges $33M in Financing for Hyatt Hotel
Phoenix Development Partners used the loan to acquire and renovate the 301-key property located in Deerfield, Ill., off the interchange between interstates 94 and 294.
Sotherly Buys $81M Hyatt Centric in VA
Berkadia’s Hotels and Hospitality Group facilitated the sale and arranged financing for the acquisition of the 318-key Hyatt Centric Arlington.
Rexford Sells 1, Acquires 2 CA Industrial Properties
The firm sold an 11,808-square foot building in the Inland Empire, as well as purchased a 96,993-square-foot property in San Marcos and a 43,787-square-foot asset in Long Beach.
Plaza Properties Offloads Northern AL Shopping Center
The retail asset, which contains more than 100,000 square feet, is almost fully leased to a range of long-term tenants.
Kimco Sells 370 KSF Midwest Shopping Center
Chase Properties and DRA Advisors used a $40 million Wells Fargo loan to fund the acquisition of Primrose Marketplace, an open-air retail property in Springfield, Mo.
JV Buys Class A Office in Downtown DC
Following the $100 million acquisition, DSC Partners and Wafra Inc. intend to reposition the 178,000-square-foot asset with a $5 million upgrade program.
AccorHotels to Buy Mövenpick Hotels for $560M
The acquisition will enhance the Paris-based global hospitality company’s presence in Europe, as well as its footprint in emerging markets of the Middle East, Africa and Asia-Pacific.
Hines Expands DFW Industrial Footprint
The Houston-based company purchased the three-building industrial park from Bradford Commercial Real Estate Services and selected Stream Realty Partners to spearhead leasing efforts at the property.