Deals
Yardi Acquires WUN Systems
WUN is a top provider of software and technology for co-working and shared workspace markets. The company has more than 80 employees who will continue to operate from offices in the U.S. and India.
Universal Orlando Lands 101-Acre Site
In a sale brokered by CBRE, Highlands REIT sold the site, the last and largest available industrial site in the Orlando tourism corridor, for more than $27 million.
Northeastern PA Industrial Portfolio Changes Hands
Cushman & Wakefield’s Industrial Advisory Group mediated the sale of an industrial portfolio totaling 544,974 square feet. The three buildings are located near an extensive network of highways.
Merritt Campus in Baltimore Lands New Tenant
Deli Brands of America, a subsidiary of Saval Foods Corp., will occupy 19,000 square feet at the upcoming single-story building within Beltway Business Park.
Arch Street, Brennan Acquire MN Industrial Facility
The acquisition is part of a $300 million joint venture with Brennan Investment Group, focusing on acquiring and aggregating single-tenant, long-term, net-leased, mission critical industrial assets.
Plano, Texas Marriott Legacy Commands $104M
Ashford Hospitality Prime dispensed the 404-key hotel, completing a reverse 1031 exchange that the company initiated to acquire the Hotel Yountville in California earlier this year.
Colliers Closes $9M Office Sale in Boca Raton
Kevin McCarthy and Bastian Laggerbauer represented LNR Partners in the transaction. The special servicer retained Colliers to lease and manage the building following a foreclosure procedure earlier this year.
Chicago Office Park Changes Hands for $75M
HFF represented Principal Real Estate Investors in the sale of the five-building property in Lincolnshire, Ill., while Bradford Allen Investment Advisors handled the deal on behalf of the buyer.
Terreno Pays $8M for Miami Distribution Facility
The property, which is fully leased to one tenant on a short-term basis, is scheduled to undergo a series of improvements in 2018.
BB&T Grabs Raleigh Office Building in $34M Deal
In addition to Highwoods Tower One, Highwoods Properties has agreed to sell the adjacent Highwoods Tower Two. The second transaction is scheduled to close in the second quarter of 2018.