Deals
Miami-Area Retail Asset Trades in $9M Deal
Todd Weintraub led CBRE’s investment property group in representing both the seller and buyer. The multi-tenant asset has undergone several renovations in recent years.
Starlight Acquires Two Office Buildings in Canada
The company entered a joint venture with a European investor to purchase two value-add buildings in Mississauga, Ont., totaling 200,000 square feet.
Aston Properties Inks Lease in Charleston
T-Mobile’s new customer care center, a former Kmart store that closed in March, is expected to ultimately hold 1,200 employees.
Friedman Negotiates Michigan Retail Property Acquisition
Noble Applliance LLC bought the 10,992-square-foot asset from Kemerko Clawson LLC. Mike Koeningbauer, Friedman’s vice president, represented the buyer in the transaction.
JLL Brokers $18M Sale of Phoenix Industrial Asset
Continued confidence in the local industrial market has prompted Colony Northstar’s acquisition of Phoenix Logistics Center from Overton Moore Properties and PCCP LLC.
Gehr Hospitality Nabs Four Points by Sheraton, Charlotte
BMO Harris Bank financed the acquisition. Real Hospitality Group will manage the 132-key property, which is set to undergo a significant renovation.
Boulder Group Arranges Sale of Medical Facility
A West Coast real estate investor paid $1.9 million to acquire the Fresenius Medical Care center in Enola, Pa., from a Northeastern private partnership.
Middleton Partners Snags Milwaukee CBD Asset
The company purchased the property from Riverview Realty Partners, which invested $17.3 million in upgrades since acquiring the building in 2014.
Franklin Street Closes $23M Sale of Central Florida Retail Asset
Publix Super Markets purchased Ovation Town Center, where it is an anchor tenant. The 96,750-square-foot shopping center is in the Davenport submarket of Orlando. Armstrong Development sold the property.
Lincoln Property Company Facilitates Industrial Deal
The company represented the seller, Flooring International Distribution Inc., which sold the asset for $3.5 million to Young Georgia Properties LLC.