Deals
Bridge Acquires $59M Office Park in Charlotte
The company purchased Harris Corners Corporate Park from New Boston Fund. The sale of the three-building portfolio was funded by a $41.9 million loan held by KeyBank.
Iron Mountain Forges U.S. Expansion with $1.3B Deal
With the IO Data Centers deal, Iron Mountain will acquire the land and buildings of four data centers in Phoenix and Scottsdale, Ariz.; Edison, N.J.; and Columbus, Ohio.
1 MSF Chicago-Area Office Complex Sells for $78M
Partners Long Wharf Capital and Hamilton Partners sold the two-building campus consisting of One Pierce Place and 500 Park Blvd. in Itasca, Ill., to a joint venture involving Balfour Pacific Real Estate Fund IV and Hamilton Partners.
Friedman Arranges MI Office Lease
The company represented the tenant, Somerset Pain Clinic, in closing a leasing agreement for 8,230 square feet at City Center in Troy, Mich.
Lee & Associates Facilitates Warehouse Sale in AZ
Upon closing, 13,640 square feet were vacant, but have since been leased. BGP Designs occupies more than half of the 35,500-square-foot building, which changed hands for $3.5 million.
NAI Hiffman Brokers 250 KSF Warehouse Lease
H&K International will occupy 247,360 square feet of office and warehouse space within DCT Industrial Trust’s park in Aurora, Ill.
Capital Square Buys CA MOB
The company acquired the asset on an all-cash, no-debt basis, as part of a Delaware statutory trust offering primarily for investors structuring Section 1031 tax-deferred exchanges.
64 KSF CA MOB Changes Hands
Proto Inc. sold a single-tenant medical office building in Covina, Calif. The new manager plans to operate extensive renovation plans for the property.
Virtua Closes Fund, to Acquire 13 AZ Properties
The company plans to add value to the purchased infill locations by obtaining entitlements for them, or by building via its affiliate, Quyp Development.
Kennedy Wilson Refinances $334M of Irish Properties
Euro-subsidiary completes refinances of seven assets, including office, retail and multifamily properties in the capital city of Dublin. The deal follows this fall’s merger between Kennedy Wilson Holdings and Kennedy Wilson Europe Real Estate.