Deals
Meridian Nabs Bay Area 175 KSF Office
The firm plans to reposition the property and bring upgrades to the building systems, roof and common areas. Transwestern will be handling leasing efforts.
Drawbridge Snags Orange County R&D Asset
Cushman & Wakefield’s Capital Markets team represented the seller, Baring Real Estate Advisers, in the transaction. The building has served as Panasonic Avionics’ headquarters since 2000.
Gramercy Lands $331M Industrial Portfolio
The nine properties are located across eight major markets, which include Atlanta, Boston, Charlotte, Chicago, the Inland Empire, Minneapolis, Reno and Spartanburg, S.C.
Avison Young Brokers Tampa-Area Office Sale
Principals David Duckworth, Tim Callahan, John Crotty and Michael Fay, who is also managing director of the firm’s Miami operations, represented the seller in the transaction.
Mid-America Real Estate Brokers KS Shopping Center Deal
The buyer of the 100,000-square-feet property located in Derby, Kan., was Cole Credit Property Trust V Inc. The tenants are Hobby Lobby, Ross Dress for Less and TJ Maxx.
West Dallas Mixed-Use Asset Changes Ownership
Prodigy Design & Renovation purchased an office/warehouse property in Pantego, Texas, in a direct deal. Wayne Burgdorf of Colwell Banker Commercial Advisors represented the seller, 2309 Properties LLC.
Intercontinental Snaps Up Austin’s 5th & Colorado
The 18-story metal and glass office tower was completed in 2016 and offers tenants a wide amenity base, as well as access to the city’s Warehouse District.
NAI Hiffman Negotiates Lease Renewal for 3M
The 410,400-square-foot build-to-suit is located in Dekalb, Ill., and has had 3M as single tenant since 2007, when it was finalized.
San Francisco Union Square Asset Trades for $69M
The seven-story property located in the Union Square district of San Francisco houses retail tenants on the first and second floors and multiple office tenants on the remaining floors.
Morgan Buys DC Portfolio for $509M
The company’s purchase of the Mark Center portfolio, consisting of nearly 2,700 apartment units and a 63,000-square-foot retail center, is one of the largest transactions in Virginia.