Deals
JLL Facilitates HQ Relocation for Houston Company
INOVA Geophysical inked a 37,715-square-foot lease in Sugar Land, Texas, a suburb of Houston. The seismic company’s new headquarters will be just three miles from its former office.
JLL Brokers Sale of 45-Acre Orlando Site
Exeter Property Group purchased the land for $8.4 million, with plans to begin speculative construction of a large distribution center in Orlando’s Airport submarket.
TN Walmart Portfolio Changes Hands in $50M Deal
The portfolio traded with help from NAI Rauch Weaver Norfleet Kurtz & Co. and consists of four stores located Chattanooga, East Ridge, Murfreesboro and Knoxville.
JV Snags $60M Newport Beach Office Asset
NKF’s Capital Markets team represented the seller, TA Associates, in the disposition of 4400 MacArthur, a nine-story office building located within the master-planned Koll Center Newport.
Large Houston Mixed-Use Portfolio Changes Hands
The H.I.G. Realty Partners joint venture acquired more than 2 million square feet of office space, as well as three adjoining retail centers.
Gramercy to Launch E-Commerce JV, Make Large Logistics Buy
With this deal, the company’s 2017 investment volume will hit $998 million. It currently has an additional $386 million of acquisitions awarded or under contract.
Phillips Edison Adds 600 KSF to Its REITs
Acting on behalf of its two real estate investment trusts, the company acquired six grocery-anchored properties in various transactions.
Sacramento-Area Walmart Central Trades for $40M
Nazareth Enterprises Inc. surpassed the $100 million mark in acquisitions in the third quarter with the purchase of the 139,277-square-foot asset in Folsom, Calif.
KBS Nabs 2 Class A Offices in Oakland City Center
NKF represented the sellers, Rubicon Point Partners and Canyon Partners Real Estate LLC. The assets total 367,357 square feet and are currently 92 percent occupied.
Austin Retail Center Sells for $112M
InvenTrust Properties Corp. bought the 404,000-square-foot asset from a local developer. Anchored by a 365 by Whole Foods, the property is located in a rapidly growing submarket.