Deals
JOSS Buys Suburban Philly Office Assets
The firm paid $12.1 million for two premier office assets in Jenkintown, Pa., shifting its investment focus to core suburban markets.
New York REIT to Sell NYC Office Tower for $255M
The agreement to sell the 345,000-square-foot building at 333 W. 34th St. to Brookfield marks yet another step forward in the REIT’s plan of liquidation.
Suning to Boost Online, Offline Retail
Evergrande, China’s leading property developer, will provide commercial facilities to the company, which is planning to add 5,000 physical stores with connections to its online presence by 2018.
NFR Sells $40M Portland-Area Office Building
The sale marks the final transaction and investment exit of a 3.6 million-square-foot portfolio comprising 41 office and retail buildings located across nine states.
Kronos HQ in MA Trades for $12M
The property is situated along the busy Route 129 corridor and will serve as an administrative building for the buyer, Digital Federal Credit Union.
Praedium Acquires ATL Community
Reserve Decatur is situated in a prime development area, at 2600 Milscott Drive, near the Emory/Clifton corridor.
CBRE Brokers Sale of Nashville Suburb Landmark
The 28,357-square-foot historic bowling building in Madison, Tenn., traded for $2 million. CBC Ltd. sold the property to Frank May, a buyer represented by Benchmark Realty.
Stark Enterprises Enters NYC Market
In a joint venture with Sun Equity Partners, the firm purchased an asset leased long-term to Con Ed New York for $98 million.
Brandywine Breaks Ground on $3.5B Philly Project
The firm will begin construction on the first phase, which will comprise educational facilities, research laboratories, corporate offices and more. Brandywine is partnering with Drexel University on the master-planned project.
SOMA Office Building Commands $27M
Situated in a growing tech hub in San Francisco, 945 Bryant Street boasts open floor plates, 15-foot ceilings and plenty of natural light. The transaction is Bridgeton Holdings’ fifth in the city and second this year.