Deals
NJ Industrial Buy is Devli Group’s Latest
The complex includes approximately eight acres of excess developable land, offering the possibility to significantly increase the value of the asset.
Merit Hill Snags 6-Property Self-Storage Portfolio
The six properties include 2,391 units and are located in Memphis, Tenn. and Northern Mississippi. Marcus & Millichap marketed the portfolio on behalf of the seller, Amsdell Cos., and procured the buyer.
Savanna Picks Up NYC Office Tower
The real estate company purchased 19 W. 44th St. from Deka Immobilien GmbH, and plans to invest more than $25 million in renovations at the 300,000-square-foot Midtown property.
Blackstone Affiliate Sells UT Retail Center for $33M
Newmark Knight Frank has completed the sale of Red Rock Commons, a 134,152-square-foot retail center in St. George, on behalf of Shopcore.
SJP Properties Sells NJ Development Site
The site is situated within the five-building Somerset Corporate Center office campus in Bridgewater, N.J., and will house an upcoming AC Hotels by Marriott and a Zinburger Win & Burger Bar.
Tech Company Service Express Expands MI Office
The tenant, tech company Service Express Inc., signed an agreement for approximately 60,000 square feet of office space at a campus in Grand Rapids, Mich.
Upcoming Raleigh-Area Mixed-Use Center Lands New Tenants
CBRE announced that Domino’s Pizza, Eye Level Learning, Pure Juicery Bar, Nest Realty and Avance Pediatric and Adult Primary Care will be coming to Village Square at Amberly in Cary, N.C.
Capital One Provides $311M to Recap MOB Portfolio
The financial services company came through for the borrowers—an institutional investor and a joint venture between Kayne Anderson Real Estate Advisors and MB Real Estate Healthcare—arranging two loans for the recapitalization of 28 medical office buildings totaling 1.5 million square feet.
Warba Bank Acquires New Englewood Office Asset
This is the third transaction that Bentall Kennedy has completed this year in its role as advisor to the Kuwaiti financial firm.
Pacific Center Changes Hands in Torrance, CA
HFF worked on behalf of the seller, Stream Realty Partners, and procured the buyer. The class A office building currently has eight vacant spaces.