Deals
Blackstone Snags Industrial Portfolio for $1.8B
With the closing of the transaction, Blackstone Real Estate Income Trust has added 22 million square feet of last-mile infill warehouse and distribution facilities to its holdings.
IT Firm Renews DC-Area Office Lease
The company is planning to invest $6 million to improve its space in the nearly 300,000-square-foot Class A office tower.
IADC To Relocate Houston HQ
The International Association of Drilling Contractors agreed to occupy roughly 19,000 square feet at a newly completed, Class A office building in the city’s Westchase district.
Brown Commercial Arranges Sale of 3 Chicago Industrial Assets
Gilberts and Groves LLC purchased the properties, totaling 136,000 square feet, for $7 million. Two of the assets are in Elk Grove Village and the other is situated in Gilberts.
Office Evolution Advances Into Tampa
The coworking franchise expands again, with a nearly 8,000-square-foot lease in the city’s Westshore submarket. The firm is planning to open two additional locations in the area.
Hudson Pacific Inks 140 KSF Silicon Valley Renewal
The tech company will continue to occupy space in the six-building, 1 million-square-foot, Class A office campus in San Jose’s Airport submarket.
STAG Buys 279 KSF Distribution Facility in Central PA
United Natural Foods is the sole tenant of the distribution facility located in York, Pa., which traded for $18 million.
Brixton Capital Buys Phoenix Retail Center
Weingarten Realty Investors sold the fully leased Palmilla Center with help from HFF’s Managing Director Bryan Ley. The shopping center is anchored by Fry’s Food & Drug.
Las Vegas Sands to Sell Philly-Area Casino for $1.3B
Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians of Alabama, will acquire the property in Bethlehem, Pa. The transaction is scheduled to close by year’s end or in early 2019.
Grocer Joins Seattle’s Rainier Square
PCC Community Markets will open a new flagship grocery store, totaling approximately 20,000 square feet, in the downtown Seattle high-rise development.