Deals
Glimcher Group Expands Ohio Footprint
The company purchased the 95,446-square-foot North Olmsted Towne Center for $15.9 million from Norcar Co. LLC. The retail center comprises four buildings, with tenants such as David’s Bridal and Party City.
Mizuho Consolidates NYC Offices on Avenue of the Americas
The Japanese bank will relocate its U.S. headquarters to the Rockefeller Group’s recently redeveloped 1271 Avenue of the Americas in Manhattan. The firm plans to occupy 148,000 square feet on the building’s below-grade, second and third floors.
Chicago’s Ashland Wellington Plaza Sells for $10 M
Marcus & Millichap represented both the seller and the buyer in the trade of the 19,979-square-foot retail center. The facility is shadow anchored by a Jewel Osco.
CBRE Secures 1031 Exchange Buyer for LA MOB
The 18,984 square-foot property changed hands for $5.4 million and is fully leased on a long-term basis to Avanti Hospitals.
CBRE Completes OH Lease for Keller Williams
The brokerage firm’s 115 licensed real estate agents will move into a new 11,500-square-foot office space in Mason, Ohio by the end of September.
Brookfield Acquires $440M Interest in Downtown LA Asset
The California Market Center is home to fashion industry showrooms, creative office spaces, event venues, fitness studios and beauty salons. the property was the first wholesale fashion showroom to open its doors on the West Coast.
NAI Hiffman Brokers Illinois Office Sale
Heidner Property Inc. bought the 37,500-square-foot property in Hoffman Estates, Ill., for $3.2 million and will relocate to the new address from Glendale Heights, Ill.
NAI Hiffman Arranges Chicago Warehouse Lease
Sunbelt Rentals is the new tenant of a 29,000-square-foot warehouse in Chicago’s Logan Square neighborhood. The facility was formerly occupied by ComEd.
Morgans Hotel NYC Fetches $41M
The acquisition is scheduled for completion in July, when the new owners—a joint venture of The Kash Group and Shel Capital—will execute a residential conversion of the the 90-year-old Midtown Manhattan property.
Baltimore-Area Office Asset Completes First Sale
A joint venture between Feldman Bergin Development and Kenwood Management Co. acquired 1334 Ashton Road in Hanover, Md. for $2.3 million. The building is part of the Commons Corporate Center office park.