Deals
Phoenix Offices Trade for $82M
JLL worked on behalf of TR Camelback Corp. to secure the sale of two office buildings in the heart of the Camelback Corridor. Goldman Sachs’s subsidiary Archon Acquisition purchased both properties.
Marcus & Millichap Closes Sale of Mixed-Use Facility in Illinois
The 30,000-square-foot Option Care & Universal Hospital Services traded for $3.8 million. The facility comprises two units offering industrial and office space.
Arlington Retail Asset Changes Hands
A private investor sold an 87,900-square-foot, five-building shopping center in Arlington, Texas. Bill Jordan of Marcus & Millichap represented the seller and secured the buyer.
Phoenix-Area Shopping Center Fetches $23M
Sterling Org. acquired a 107,633-square-foot shopping center anchored by Safeway. The property’s high-profile tenants include The UPS Store, Nationwide Vision, GNC and FastFrame.
Miami-Area Industrial Asset Trades in $8M Deal
Cushman & Wakefield’s experts assisted the seller in the transaction and helped secure acquisition financing on behalf of the buyer, through a loan originated by Starwood Mortgage Capital.
NAI Seals OC’s Largest Single-Tenant Deal in 25 Years
The company represented J.C. Penney Properties Inc. in the $131.3 million sale and short-term leaseback of their distribution center in Buena Park, Calif., which spans more than 1 million square feet.
JV Sells Two Prime NJ Office Assets
Somerset Properties and Greenfield Partners LLC selected Colliers as the exclusive agent for the disposition of 400 and 406 Lippincott Drive in Marlton, N.J. The two Class A office buildings total more than 80,000 square feet.
Cummings Completes First Acquisition in Andover
The company acquired the Class A office/R&D building for $12 million. The property is 71 percent occupied by a diverse roster of tenants.
Uline Inc. Signs 1 MSF Lease Near Atlanta
Ackerman & Co. is developing the bulk distribution center, which is expected to be complete in late 2017. Uline Inc. is scheduled to move in during the first quarter of 2018.
Faris Lee Secures Buyer for OC Mixed-Use Asset
Raintree Evergreen LLC acquired the 14,900-square-foot retail and office property in Dana Point, Calif., for $6.6 million, which represents a 5.5 percent cap rate.