Deals
LA-Area Retail Center Sells for $38M
Weingarten Realty sold the 92,000-square-foot retail asset. More than half of its tenants are entering their 22nd year of contract. NKF represented the seller.
Stockdale Secures New Lease at Scottsdale Galleria
Indeed Inc. is expanding its Phoenix-area footprint, having signed for 53,000 square feet at the LEED-certified office property. The building recently underwent a $7 million renovation.
Office Tower Commands $82M in Downtown Ft. Lauderdale
The 21-story building known as 200 West Broward recently underwent a $5.7 million capital improvement program including a lobby renovation in 2016.
CBRE Closes Sale of Charlotte Business Park
The new owner plans to invest in multiple upgrades to the five-building property, including rebranding it as Oakhurst Commerce Centre.
Terreno Picks Up Miami Industrial Facility
The fully leased distribution facility sits on a 3.3-acre site and provides dock-high and grade-level loading positions, as well as parking for 49 cars.
IL Retail Property Gets New Owner After 30 Years
The property is located half a mile from one of the largest retail shopping centers in Illinois, Woodfield Mall. The deal closed at $6.3 million.
HFF Brokers Suburban LA Shopping Center Sale
Located in Burbank, the 165,500-square-foot Plaza Del Sol’s unique mix of property types, full tenant roster and desirable ethnic grocery anchor proved a strong draw for investors.
Dermody Snags Seattle-Area Industrial Complex
The firm acquired the three-building property as well as 18 acres on which an additional warehouse will be built. Meridian Campus Corporate Park’s location is considered ideal for expedient distribution to the Northwest’s major population centers.
Transwestern Tapped to Lease Houston Office Park
The complex consists of two Class A buildings and a separate amenity center. Westchase Park I and Westchase Park II can accommodate new tenants ranging from 5,000 to 140,000 square feet.
JV Nabs Suburban Boston Office/Flex Campus
The six-building Brookwood Business Center is located in Tewksbury and Billerica, Mass., and previously traded in 2010, when Brookwood Financial Partners acquired it through foreclosure for $15 million.