Deals
Atlanta Business Park Trades for $3.2M
The 45,960-square-foot multi-tenant asset was 95 percent leased at the time of the transaction. Earlier this year, it was subject to a refinancing deal which included several industrial assets.
Transwestern to Lease, Manage San Antonio MOB
Velocis’ recently acquired medical complex is currently 75 percent occupied to health care providers including Baptist Health System, MEDNAX, BB&T and the Center for Healthcare Services.
Colliers Closes 5 Leases at MA Office Asset
The company inked leases with Axis Promotions, CGI, Mortgage Network, Caras & Shulman and AAM 15 Mgmt, working on behalf of Duffy Properties. The 201,330-square-foot 78 Blanchard building in Burlington, Mass., is down to 15,000 square feet of vacant space.
CBRE Brokers Sale of Cayman Islands Resort
The Holiday Inn Resort Grand Cayman sits on approximately 6.5 acres of prime oceanfront land and was originally planned for timeshare sales.
Woodmont Sells Northeast PA Industrial Building
Before the sale, the company completed an extensive capital improvement plan for 1 Commerce Road, a 437,446-square-foot warehouse in Pittston, Penn.
Berkadia Completes Orlando, Tampa Transactions
The Orlando-area Winter Park Shopping Center received $27 million in financing, while the Villages at Turtle Creek, a suburban Tampa community, traded in an $18.6 million deal.
JV Grabs Ft. Lauderdale-Area Office Asset
The building’s solid tenant roster includes Ford, Fidelity Information Systems, AT&T, American Express, Harris Corporation, Xerox and Ticketmaster. CBRE facilitated the sale of the Class A property.
Life Science Firms Buy NJ Industrial Assets
In separate deals brokered by Cushman & Wakefield, two pharmaceutical companies acquired industrial buildings in Piscataway and Somerset, N.J., fueling the life science industry’s growth within the Interstate 287 corridor.
HCI Acquires Tampa Office Asset
Gramercy Property Trust disposed of the 68,867-square-foot property located in Tampa’s Westshore business district. Bank of America North America is the sole tenant under a long-term lease.
Kennington Property Expands in Dallas–Ft. Worth
The company acquired Jupiter Service Center, a four-building Class A flex office/R&D complex in Plano, Texas. Stream Realty Partners marketed the property on behalf of Situs, its seller.