Deals
Home Depot-Anchored Retail Center Trades in Phoenix
PASSCO Cos. sold the Laveen Village Marketplace to Litwin Management. The 56,747-square-foot asset sits within the Phoenix-Mesa-Scottsdale Metropolitan Statistical Area.
Partners Capital Buys Industrial Asset in 1031 Exchange
The purchase of the fully-leased 92,000-square-foot asset in San Bernardino, Calif., for nearly $8.7 million, marks the company’s sixth industrial acquisition in the past 18 months.
Westcore Buys Vancouver Business Park for $39M
The EastRidge Business Park, consisting of 25 free-standing retail, office and light industrial buildings, marks the company’s first foray in Greater Portland.
Pantheon Sells 16-Acre NJ Industrial Site
Cushman & Wakefield’s Metropolitan Area Capital Markets Group negotiated the sale on behalf of the seller. Pantheon originally purchased the property in 1998 for $4.1 million.
CBRE Brokers $25M Sale of Luxury Resort in Panama
The buyer acquired the majority stake in the five-star property, which is part of the Trump Ocean Club International Hotel and Tower Panama.
Phoenix Investors Expands WI Industrial Footprint
The Milwaukee-based commercial real estate company added two new assets to its portfolio as Wisconsin Bank and Trust originated the senior mortgage financing.
SGPS Buys 42KSF Medical Centers West of Atlanta
SK Commercial Realty and CBRE represented the sellers of the two facilities in Douglasville, Ga., in the $7.5 million transaction.
Brixmor Sells Buffalo Shopping Center
In a deal brokered by Cushman & Wakefield, an affiliate of Brixmor Property Group sold a 95,544-square-foot retail center in Buffalo, N.Y. At the time of the sale, McKinley Plaza was 98 percent occupied.
NJ Industrial Asset Attracts Long-Term Investment
The 158,000-square-foot property is located in the northern part of the state, an increasingly appealing area to buyers searching for stable, income-generating properties in lower-barrier markets.
PAC Grabs Raleigh-Area Shopping Center
The purchase of the 122,800-square-foot, grocery-anchored property through the company’s wholly owned subsidiary, New Market Properties, marks another step in a Sunbelt-area expansion strategy.