Deals
Keystone Nabs Miami Asset in Sale-Leaseback Deal
The company now owns the entire office park, which is 89 percent leased. The real estate investment firm has owned the northern section of the campus for more than 10 years.
NAI Hiffman Brokers Four Chicago Leases
All properties are located in Chicago’s O’Hare submarket and offer a mix of office and industrial space. The assets, totaling 170,000 square feet, are owned by Prologis.
Maryland Mixed-Use Asset Scores First Sale
The Sylmar Corp. disposed of the Clock Tower Place, a retail and office building located in Annapolis, Md. for $10.3 million. The building was 98 percent leased to 21 different tenants at the time of the transaction.
Remington Corporate Center’s Final Unit Changes Hands
NAI Hiffman closed on the sale of the last 2,147-square-foot office condominium part of the 63,000-square-foot multi-unit property in Bolingbrook, Ill.
One Enterprise Center Commands $15M
The LEED Silver certified asset was 51 percent leased at the time of the sale. Transwestern’s John Bell worked on behalf of the seller in the negotiations.
Blackstone to Buy Retail REIT for $650M
The group is expanding its footprint in Asia with the acquisition of Croesus Retail Trust, which owns a portfolio of 11 shopping malls in Japan.
Merger of Drugstore Giants Changes Course
Under the new $5.2 billion deal, Walgreens Boots Alliance will purchase 2,186 stores from Rite Aid Co., along with three distribution centers and related inventory.
Business Insider Inks 88 KSF Lease in Lower Manhattan
The company will occupy the entire eighth and ninth floors at 1 Liberty Plaza, a 54-story office building owned by Brookfield Property Partners.
Government Properties to Acquire First Potomac in $1.4B Deal
The resulting company will have an enterprise value of $4.3 billion, with gross assets of $4.1 billion. The transaction is expected to be completed by the end of 2017.
JV Acquires Historic LA Office Building
This transaction marks the second Los Angeles acquisition for Arc Capital Partners and Belay Investment Group. Bestor Architects and The Assembly Group will handle the building’s repositioning.