Deals
CIP Arranges Sale of Oregon Hotel
The company worked on behalf of the seller and the buyer to close the transaction of the 36-key Rodeway Inn and Suites in Pendleton, Ore.
BGC Acquires Berkeley Point, Minority Stake in New CRE Biz
The company and its affiliate Cantor Fitzgerald paid $875 million to purchase the capital solutions provider, and invested an additional $100 million in finance and investment business CF Real Estate Finance Holdings LP.
Ackerman & Co. Acquires Atlanta Business Park
CBRE represented Onward Investors in selling its four-building industrial campus for $12.7 million. The 12-acre Lavista Business Park is currently 87 percent leased.
Cambridge Class A Building Changes Hands for $75M
Lincoln Property Co. and Chile-based Stars Investments acquired 625 Massachusetts Ave., a 122,104-square-foot office and retail property in the supply-constrained Central Square district.
Zayo Buys Data Center in Denver Area
The 29,500-square-foot asset further expands the company’s presence in Colorado and will be directly linked to the one Zayo owns in downtown Denver at 1500 Champa St.
JLL Facilitates 575 KSF DC-Area Office Lease
The General Services Administration will consolidate the agency’s five locations into one headquarters campus in Camp Springs, Md., moving 3,700 employees in 2020.
HCP Snags Indianapolis Coca-Cola Bottling Plant
The company is planning to transform the 12-acre site into a $260 million mixed-use Bottleworks District development. The project will be completed in five phases, over a period of seven to 10 years.
CBRE Inks Lease at Orlando Office Park
A Florida law firm will move into the 589,541-square-foot Maitland Center office property after a custom build-out is completed by the end of 2017.
Suburban Atlanta Office Park Commands $14M
CBRE’s Tony Swann and Craig Taylor represented the seller in the transaction, while Mariano Perez of Grandbridge Real Estate Capital arranged the acquisition financing on behalf of the buyer/borrower.
WPT Industrial Expands to PA
The REIT is in the process of acquiring a 936,000-square-foot Class A property in the Lehigh Valley, the distribution corridor to New York, Philadelphia and D.C.