Deals
AvalonBay Signs 73 KSF Lease in Arlington, VA
The final phase of the Liberty Center development, 4040 Wilson, will feature a mix of residential and office space over 22 stories. Construction will begin in early 2018 and is expected to finish in 2020.
Bedrock Acquires Iconic Detroit Office Building
The transaction comprised the 1925-built Buhl Building located in the city’s Financial District, as well as the adjacent parking garage. The buyer plans to bring several major updates to the property.
Chicago-Area Self-Storage Facility Changes Hands
Marcus & Millichap marketed the 44,000-square-foot facility located in Romeoville on behalf of a private investor, representing the buyer as well.
Chicago MOB Breaks Ground
The Sanders Trust recently broke ground on a 30,000-square-foot medical office building in Glenview, Ill. The asset will be fully leased by the Fertility Centers of Illinois.
Mohr Capital Picks Up Charlotte Office Asset
The new owner plans to rebrand the property as “University Highlands.” Colliers Partner Brad Grow will handle leasing and CBRE will provide property management services.
WPT Capital Obtains $29M for ATL Distribution Facility
The 781,440-square-foot facility is located within Cobb County’s Six Flags Opportunity Zone, where companies are eligible for job tax credits of up to $3,500 per job created.
Genesis Buys NJ MOB
R.A.F. Realty of Hackensack LLC sold a medical office unit located at 160 Overlook Ave. in Hackensack, N.J. NAI James E. Hanson arranged the transaction.
NKF Brokers Long-Term Lease for Stag Industrial
Palmer-Donavin Manufacturing Co. will occupy 230,805 square feet at Stag Industrial’s facility in North Jackson, Ohio, by the end of the year.
Gladstone Expands Office Portfolio With $38M Buy
The company’s most recent acquisition involved two fully leased properties located in Columbus, Ohio, and Salt Lake City. Both assets were completed in 2007.
Cushman & Wakefield Secures 505 KSF in Metro ATL
The speculative development owned by Scannell Properties is expected to add 300 jobs in the years following its Q2 2018 completion.