Deals
NKF Brokers Sale of South LA Office Building
Miramar Property Group acquired a 75,711-square-foot property in Torrance, Calif., from Continental Development Corp. The asset is fully leased to Unify Financial Credit Union.
Meridian Buys AZ Medical Center for $5M
The historic Lois Grunow Memorial Clinic in Phoenix traded for $5 million in a deal brokered by Avison Young. Meridian plans to re-tenant the property and make it ADA-compliant.
Santander Bank Building in Cambridge Trades for $30M
The transit-proximate property was constructed in 1928 and is surrounded by 20 million of square feet of office and laboratory space.
Phoenix Industrial Portfolio Trades for $12M
Lee & Associates brokered the sale of seven industrial assets totaling 95,000 square feet. The portfolio is fully leased to Horizon Distributors Inc. for five years.
SL Green, RXR to Buy Stake in NYC’s Worldwide Plaza
The joint venture will become co-owner of the 2 million-square-foot mixed-use property with the acquisition of a 48.7 percent interest from New York REIT. The deal values the trophy asset at more than $1.7 billion.
Priam Capital Acquires Second Indianapolis Office Building
JLL brokered the transaction on behalf the seller, Colony Northstar. The asset is a 116,248-square-foot property located approximately 15 minutes from downtown.
Portland Historic Office Buildings Change Hands
NBP Capital acquired the Blagen Block and the New Market Theater in Portland’s CBD. The two buildings are among the few remaining Victorian Italianate buildings in the city.
GSEMA Moves HQ in the Heart of Boston’s Back Bay
Girl Scouts of Eastern Massachusetts signed a long-term lease with A.W. Perry for a new headquarters location at The Berkeley, a recently renovated historic building.
River North Gym Opens New Chicago Location
Savills Studley worked on behalf of the tenant in the lease of the 26,502-square-foot space on Goose Island. The new place will complement the company’s main club located within Merchandise Mart.
10 Federal Expands NC Self-Storage Footprint
The company will convert the new property, located in Chapel Hill, N.C., to unmanned operations following the same approach implemented at its other self-storage facilities.