Deals
Voit Facilitates $19M San Diego Flex/Office Sale
The new owner of the portfolio, consisting of a 37,000-square-foot office building and a 103,470-square-foot industrial building, plans an extensive renovation and repositioning of both assets.
Savills Studley Negotiates Office Expansions in Chicago
The company closed on two leases for Ryan Specialty Group and one of its subsidiaries, RT Specialty. The offices are located at Two Prudential Plaza and 500 W. Monroe.
TREIS Closes Sale of Tampa Retail Assets
Tiktin Real Estate Investment Services President Adam Tiktin represented the seller in the transaction, while U.S. Bank originated the acquisition financing to facilitate the deal.
First Staybridge Suites Debuts in Poland
The 190-key project, which marks the eighth property for IHG in Europe, will be located in Warsaw’s third-largest district. The company will operate the hotel under a franchise agreement with WIK Capital.
Davis Cos. Buys 137 KSF MA Office Asset
KBS Realty Advisors sold the 137,000-square-foot property, which is located at 625 Mount Auburn St. in Cambridge, two miles west of Harvard Square and less than one mile from Mt. Auburn Hospital.
North SF Office Asset Changes Hands
Sunhill Enterprises LP purchased a 16,900-square-foot office building in San Francisco’s North Beach neighborhood. The property features upgraded and newly remodeled second and third floors.
110 KSF Industrial Asset Trades in Phoenix
SPIRE Real Estate Portfolios, through Nicola Crosby Real Estate, purchased Cabot Business Center in Phoenix. The buyer retained Kidder Mathews as property manager of the industrial/flex asset.
Binswanger Arranges Sale of 158 KSF Industrial Property
The Town of Double Springs, Ala., purchased the 19-acre site in order to assist with industrial recruitment and job creation for the area.
SSGT Invests in Massachusetts
The 840-unit self-storage facility in Nantucket is 91 percent leased and is one of a host of assets the REIT has snapped up across the U.S. this year.
Stonemont Buys $1.3B Net Lease Portfolio
CBRE Capital Markets arranged the transaction on behalf of the seller, Oak Street Real Estate Capital, and secured $1.1 billion in acquisition financing for Stonemont. The deal encompasses 100 assets in 20 states.