Deals
Summit Closes $163M Portfolio Deal
Acquired from Xenia Hotels, the five properties include four adaptive-reuse buildings. The assets are located in Fort Worth, Kansas City, Mo., Pittsburgh and Baltimore.
Dealertrack Opens $100M Long Island HQ
The software firm has committed to a long-term lease at the property, bringing more than 350 high-tech jobs to North Hills, N.Y.
Millennium Properties Brokers Sale of Two Retail Centers
The properties total more than 19,500 square feet of retail, restaurant and office space and are located in Barrington and Elmhurst, two Chicago suburbs.
Foundation Software Expands Ohio Office Campus
The company acquired an additional 18,000-square-foot building just one mile from its main office location to accommodate its growing employee base.
HFF Arranges $29M San Diego MOB Sale
The 44,091-square-foot property is anchored by Fresenius Medical Care and was 92 percent leased at the time of the transaction.
Rexford Snags $36M SoCal Industrial Assets
The two fully leased properties are part of the South Bay and Orange County West submarkets, which had vacancy rates of 0.6 percent at the end of the first quarter of 2017.
Divaris Completes 5 Transactions in Virginia
The company worked on behalf of DDREG LLC to arrange the acquisition of a medical office building, and represented Dollar Tree Stores, LaBelle Cottage, Extreme Pizza and Mango in their lease negotiations.
Broward County Business Center Commands $13M
The asset consists of two connected buildings mixing industrial and office spaces. The previous owner renovated the property after acquiring it in 2015.
HTI to Buy Sibling’s Portfolio for $120M
Following the transaction’s closing, American Realty Capital Healthcare Trust III expects to liquidate and dissolve. The sale comprises 19 properties totaling approximately 468,000 square feet.
Courtyard Philadelphia to Join Autograph Collection
The 499-key hotel is listed on the National Register of Historic Places. Marriott will continue to manage the property after its conversion.