Deals
480-Unit Lone Star State Self-Storage Facility Changes Hands
The Texas City property is strategically situated near Emmett F. Lowry Expressway, a major transit corridor. Strategic Storage Trust IV was the buyer.
NAI Hiffman Negotiates New Leases at IL Office Building
Once the new tenants move into their new offices, the 271,000-square-foot Butterfield Center in Lombard will be approximately 99 percent occupied.
103 KSF Industrial Asset Trades in Greater Boston
Calare Properties has acquired a vacant building in Canton, Mass., and is planning to implement a capital improvements program to bring the asset to market standards. JLL will spearhead leasing efforts.
JV Snags 232 KSF Dallas Office Building
Red River Asset Management sold Hidden Grove in Dallas to a joint venture between Reserve Capital Partners and Trinity Private Equity Group.
Ft. Lauderdale-Area Office Building Lands 89 KSF Tenant
Cresa Managing Principal Alexander Brown worked on behalf of the healthcare tenant in the lease negotiations with landlord TA Realty.
Banyan Grabs Miami Office Asset in $33M Deal
The new owner plans to invest in capital improvements and modernize the property through a series of upgrades to the building lobby, elevator and common areas.
Lingerfelt Acquires Norfolk Waterside Marriott
The company purchased the 405-key hotel and plans on implementing a $25 million renovation program. CommonWealth Lodging Management, Lingerfelt’s hotel management affiliate, will operate the hotel.
NY-Area Retail Centers Land $663M Refi
The refinanced portfolio comprises 98.1 percent leased retail centers anchored by grocery stores, including ShopRite, Aldi, Home Depot and more. The loans include 14 fixed- and two floating-rate facilities with terms ranging from seven to 13 years.
Holder Properties Sells 4 Office Buildings in Charleston
As part of the deal, Holder Properties has agreed to continue to manage the buildings on behalf of the new owners. Each property boasts a mix of local, regional and national tenants.
AEW Sells NJ Industrial Complex for $53M
A partnership bought the four-building asset in Pine Brook, N.J. The 530,000-square-foot property is 60 percent leased to tenants including Samsung Electronics and Pitney Bowes.