Deals
CT Office/Industrial Property Lands $7M Refi
Located in Trumbull, the property encompasses two interconnected buildings totaling 83,193 square feet and extensive landscaping features, including two aerated ponds.
JV Arranges $25M Sale of GE Transportation Building
Reserve Capital Partners purchased the 182,000-square-foot property, which was 100 percent occupied by GE Transportation at the time of the sale.
Hanley Investment Group Arranges Sale of Sacramento Retail Center
Situated in the North Natomas community, the one-story property was sold in an off-market transaction. The asset was recently evaluated at approximately $5 million.
TA Realty Lands $48M Loan for Doral Office Asset
Following the purchase of One Park Square in October 2017, the new owner secured a long-term, fixed-rate mortgage through Guardian Life Insurance Co.
Kite Trades 2 Retail Assets for $63M
The company sold Trussville Promenade and Memorial Commons, two shopping centers totaling nearly 600,000 square feet. The Trussville deal marks the company’s exit from the Alabama market.
Liberty Property Trust Sells Suburban PA Office Portfolio
The company sold the assets in two separate transactions totaling about 780,000 square feet. The properties are located in Wayne, King of Prussia and Malvern.
DC-Area Retail Center Trades for Record Price
Facilitated by Calkain Cos., the property traded for $4.8 million, attaining $925 per square foot and a cap rate of 5.5 percent.
QTS Renews Leases at One of the World’s Largest Data Centers
The new deals bring the weighted average remaining lease term to four years at QTS Metro Atlanta. QTS owns an adjacent, 17-acre plot of land which could be developed as needed into another facility.
Seattle-Area Class A Office Asset Trades for $15M
PJP Group LLC has acquired the 41,405-square-foot, 100 percent leased office building in Kirkland at a record price per square foot.
L3 Snags Chicago Retail Building
The property comprises 10,141 square feet and is fully occupied by The Northern Trust Corp. Mid-America Real Estate Corp. brokered the transaction on behalf of the seller.