Deals
Darwin Realty Inks Illinois Warehouse Lease
The 103,987-square-foot facility is located in Elk Grove Village, Ill., and is leased by Marketplace Brands, a seasonal food gifts distributor.
Detroit’s Orchestra Place Changes Hands
Marcus & Millichap closed on the sale of the five-story office building located in the city’s Midtown neighborhood. The buyer was a regional investment group.
Craft Beer Company Inks Queen Anne’s County Lease
Cult Classic Brewing will occupy the former ACME Supermarket building in Chester, Md., and is expected to start operations in 2018. The property is part of the Kent Island shopping center.
Monmouth Grabs $38M Miami-Area FedEx Distribution Center
The newly constructed Class A facility is located in Homestead, at the intersection of SW 127th Avenue and SW 272nd Street.
CBRE Arranges Long Beach MOB Sale
The 26,293-square-foot property changed hands for $6.5 million and was 91 percent occupied at the time of the transaction by a variety of tenants.
Oxford Properties JV Nabs Pair of DC Trophy Buildings
The Canadian company partnered with Norges Bank Real Estate Management for the acquisition of the Class A properties. The assets add up to more than 500,000 square feet of core office space.
Harrison Street Opportunistic Fund Raises $1.1B
Fund VI—which will focus on education, health care and storage assets—surpassed its $850 million target by a long shot, with contributions from more than 65 institutional investors.
Ventas Exits SNF Business With $700M Sale
The company has reaffirmed its decision to sell 36 skilled nursing facilities to an affiliate of Blue Mountain Capital Management.
Canadian Fund to Buy Houston REIT in $1.2B Deal
CPPIB will be acquiring Parkway Inc., which has a strong local presence, with an office portfolio of about 8.7 million square feet across 19 properties.
Terreno Acquires NJ Industrial Asset for $16M
The property is in close proximity to Newark Liberty International Airport and Newark Port and was vacant at the time of the transaction.