Deals
Historic Office Building Trades in Downtown Atlanta
The new ownership will embark on an extensive improvement program meant to modernize the asset’s features including elevators, roof and safety systems.
Layher Acquires Baltimore Facility
The transaction closed at $2.5 million. The company plans to relocate its northeast region office to the new property by the end of the year.
HFF Facilitates the Sale of 126 KSF Raleigh Business Center
Stoltz Real Estate Fund VI purchased the property from a partnership between Somerset Properties and Alex Brown Realty for $17.8 million.
Philly Investor Nabs Shopping Center in the Metro
The 359,673-square-foot property boasts good exposure and is situated off a major junction in Exton, Penn., only 30 miles from Philadelphia.
Canada REIT Enters CA Market With Office Portfolio Buy
The San Diego portfolio was acquired for $174.5 million and comprises nearly 670,000 square feet of Class A and Class B office space.
Phoenix Investors Expands MI Portfolio With 550 KSF Buy
The company purchased an industrial facility in Flint, Mich., for $3.2 million. The building is a former Delphi assembly plant that will undergo upgrades to house its new tenants.
JLL Secures $96M for Philly Office Buy
In an unusual deal, Taconic Capital Advisors and Cohen Equities consolidated their ownership of a 13-story historic tower in the city’s Market East section.
9-Building Vegas Portfolio Commands $78M
NKF facilitated the deal of the master planned office campus between Washington Capital Management and a joint venture buying group. The office buildings are situated on over 25 acres and are served by ample on-site parking.
Miami Medical Office Building Trades for $11M
The nine-story property underwent a $2.1 million capital improvement program that repositioned the asset and boosted occupancy to nearly 70 percent.
Vista Nabs San Diego Office Tower
The asset is located within the Mission Valley submarket and offers 105,796 square feet of space, out of which 10,000 is designated for retail use.