Deals
Dilweg Cos. Snaps Up Tampa Office Portfolio
HFF marketed the assets on behalf of the seller and assisted the buyer in placing the floating-rate acquisition financing originated by a public real estate investment trust.
Faris Lee Arranges $13M LA-Area Starbucks, CVS Sale
The sale price represented a cap rate of around 4.7 percent, which is the lowest for two freestanding pads sold in Southern California in 2017.
Snapsheet Doubles Office Space at New Chicago Address
CBRE represented the tech company in the lease of 52,141 square feet of space at 1 N. Dearborn St., where it will be moving in January 2018.
Euless Industrial Facility Changes Hands
JPA Capital LLC acquired the 70,000-square-foot industrial flex property from Hangover Opportunity Fund LLC. At the time of the sale, the property was 47 percent occupied.
NGKF Brokers $59M Anaheim Office Building Sale
The property consists of an eight-story office building and a six-level parking structure. The sale was involved in a 1031 tax deferred exchange. NGKF Capital Markets represented both the seller and the buyer in the transaction.
CBRE Arranges Office Lease for Illinois Labor Union
Local 881 United Food and Commercial Workers plans to move its headquarters from Rosemont, Ill. to a new space of 18,890 square feet in Des Plaines, Ill., in early 2019.
Edsal Sandusky Buys 168 KSF Chicago Warehouse
Cushman & Wakefield represented the buyer, the property’s anchor tenant, while Avison Young’s Principal John Moysey worked on behalf of the property owner.
Alexander & Baldwin Expands Hawaii Industrial Portfolio
The five buildings, part of an industrial campus located in Kailua-Kona, were 94 percent occupied at the time of the transaction.
Mane USA Finds New Home in NJ
The French fragrance and flavor firm acquired a 102,000-square-foot building in Parsippany, N.J. from Prism Capital Partners and The Davis Cos. The firm plans to relocate there from its headquarters in Wayne, N.J.
Terreno Nabs $25M South Bay Industrial Asset
The 114,000-square-foot building in Gardena, Calif., is managed by CBRE and is fully leased to one tenant, GOH Express.