Deals
8-Property OH Self-Storage Portfolio Commands $31M
Marcus & Millichap brokered the sale of an eight-property self-storage portfolio of 3,050 units located in seven cities throughout Ohio.
Meridian Snags $17M Tampa Office Park
The new owner will invest $1 million in outdoor upgrades and indoor common-area renovations and plans to build a 2,000-square-foot shared amenity center and café.
WPB Office Park Strengthens Tenant Roster
The latest additions to the park’s diverse tenant roster are SV Microwave, Seacrest Services and Brown & Brown of Florida.
EverWest JV Acquires South Bay Office Building
A joint venture between EverWest Real Estate Partners and Frontal Trust purchased a 50,000-square-foot creative office asset in Redondo Beach, Calif.
JLL Secures $75M for Denver-Area JP Morgan Acquisition
The seller was Blackstone, on whose behalf JLL Capital Markets had completed the sale. Deutsche Bank provided the five-year, floating-rate loan.
Clarion Partners Sells Hotel Portfolio for $135M
The collection of Courtyard by Marriott properties, totaling more than 1,900 guestrooms across nine states, is now under the ownership of Toronto-based Skyline Investments.
Pompano Beach Development Site Commands $12M
CBRE First Vice President Tony Hoover worked on behalf of buyer Bridge Development Group in the transaction. The project is slated for completion in the fourth quarter of 2018.
Private Investment Group Snags Denver Office Asset
Red Tail Acquisitions sold Belcaro Place, a 154,000-square-foot property, to private investment group F6F. The property was 97 percent occupied at the time of sale.
Mastercard Leases Midtown South Office Building
The credit card company will lease the full 212,500-square-foot New York City building and turn it into an expanded technology hub. L&L Holding is set to finish a major modernization and re-envisioning of the property before Mastercard’s move-in.
Plymouth Industrial Sheds $100M on Chicago-Area Assets
The 15-property portfolio comprises a total of three million square feet of Class B warehouse space. The seller is BIGS Holdings, a subsidiary of Goldman Sachs.