Deals
Fannie Mae Leases 850 KSF in Suburban DC
Boston Properties will welcome the government-sponsored enterprise to Reston Gateway, its mixed-use transit-oriented project in Northern Virginia.
Solo Cup/Dart Container Closes Largest Industrial Sale in Texas
Binswanger represented Eliken Property Management in the disposition of 2200 South Business 45, a 1.5 million-square-foot distribution center in metro Dallas.
Rexford Picks Up, Sheds CA Assets
The firm acquired an Inland Empire asset encompassing more than 200,000 square feet of industrial space, partially funding this by the sale of a creative office property.
Boston-Area Industrial Asset Trades for $3M
The new owner, an entity managed by Patagon Ventures LLC, plans to convert the property into a 75,000-square-foot self-storage facility.
Ridge Acquires 11 Acres in Chicago for Spec Industrial Project
The company will break ground on the 178,516-square-foot O’Hare Gateway Logistics Center in mid-2018, with a scheduled delivery for the end of the year.
Terreno Disposes of MD Industrial Building
The firm sold its 139,000-square-foot asset in Capitol Heights for $20.3 million, which it originally acquired in 2014.
Easterly Acquires Government Redevelopment Project
Upon completion later this year, FEMA will occupy the redeveloped Central Valley buildings’ more than 200,000 square feet of industrial space.
GLP Continues Growth With 9.3 MSF of Logistics Leases
The company’s customers are utilizing the facilities to service a growing demand from online and offline retail distribution channels.
CPPIB Takes Minority Stake in JBG Smith’s DC Office Development
The $101 million investment represents a 45 percent interest in the property. Construction on 1900 N St. N.W. started in the second quarter of 2017 and is expected to be completed by 2020.
Park Hotels & Resorts Sells Off $317M in Non-Core Assets
The publicly traded lodging REIT—a spinoff of Hilton Worldwide—divested 11 properties, mostly overseas, significantly reducing its exposure in international markets.