Deals
CBRE Hotels Scores 9th Deal in the Chicago Area
The transaction included two Fairfield Inn & Suites properties located in Naperville and St. Charles, Ill. Vice Presidents Nate Sahn and John Karver represented the owners.
Waste Management Relocates Phoenix Branch
The environmental services firm will move its local branch to Union Hills Office Plaza by the end of the year. Waste Management selected Perkins+Will to design its new location.
Henderson Pays $42M for Philly-Area Office Campus
The firm purchased a five-building office portfolio in Newtown Square, Penn., its first real estate deal, part of its new strategic growth plan.
C&W Closes Broward County Office Leases
With the addition of seven new tenants, Pembroke Point 880 is nearing full occupancy roughly two years after its completion.
BLT Inks for 24 KSF at Stamford Office Asset
The company secured Tudor Investment Group as its newest tenant at 200 Elm St., a Class A office property which last traded in 2012.
Partnership Buys Two Orlando Industrial Portfolios
Brennan Investment Group sold the two assets for $17 million. The new owners plan to reposition the properties to increase occupancies and revenue growth.
Essendant Signs 405 KSF Lease in the Central Valley
The build-to-suit industrial lease expands the company’s local and regional fulfilment capabilities. The facility is expected to be operational by the second quarter of 2018.
New Boston Fund Sells $145M Multifamily Asset
With the help of HFF, the company sold the 21-story Tower at One Greenway to PGIM Real Estate for more than $660,000 per unit.
Downtown Seattle Office High-Rise Changes Hands
Union Investment sold the 20-story Millennium Tower, which also includes high-end condo residences. The property last traded in 2003, for $64.8 million.
NYC Garage Portfolio Commands $50M
Kamber Management Co. added three prime condominium-based facilities to its collection. The properties are fully leased to Icon Parking Systems.