Deals
Transwestern Reps Seller of 277 KSF IN Retail Center
Berengaria Development has acquired the 277,059-square-foot shopping center with 96 percent occupancy rate. Tenants include Dick’s Sporting Goods, Five Below and Home Goods.
Orlando Office Campus Changes Ownership
The seller embarked on a capital improvement program after purchasing the asset in 2012. Renovations included landscape upgrades, enhanced exterior lighting and signage improvements.
Garden of Life Expands HQ at SoFla Campus
Corporate Center at Gardens is 100 percent leased and recently underwent an $8.8 million capital improvement program that included HVAC and lobby upgrades, common-area buildouts and new restrooms.
Swig Co. Sells SF Office-Industrial Asset
In recent years, the 50,000-square-foot building underwent interior renovations, including aesthetic upgrades and efficiency improvements.
Amazon Robotics MA HQ Trades for $45M
Lincoln Property Co. has teamed up with Ibdar Bank and Ritz Banc Group in order to acquire the only facility in the world that designs, assembles and tests Amazon’s entire robotics equipment arsenal.
Sares Regis to Redevelop Former Toyota HQ
The 110-acre property is home to more than 2 million square feet of office and industrial space in Torrance, Calif., including special amenities such as a data center, hydrogen fueling stations and helipads.
BofA Sells NC Office-Industrial Portfolio
Alidade Capital acquired the four buildings, which offer more than 400,000 square feet of space within The Park—Huntersville, one of Charlotte‘s largest mixed-use developments.
CBRE Facilitates Sale of Houston-Area Hotel
SNI 5618 Investment LP purchased the 74-key Holiday Inn Express & Suites in Bay City, Texas, from Baywood Hotels. This is the second transaction CBRE Hotels closes in Bay City this year.
C&W Secures $11M Loan for FL Business Park
The long-term, fixed-rate mortgage came with pre-payment flexibility and an interest-only period. The borrower, KEI Properties, purchased the asset for $14.5 million in 2016.
Foundry Commercial to Relocate Nashville Office
The firm will occupy 3,000 square feet at The Pinnacle at Symphony Place, a 29-story skyscraper in the city’s South of Broadway district.