Deals
Detroit Northern Suburb Retail Asset Changes Hands
A California-based investor acquired the Southfield, Mich., property from SRC Holdings LLC. Steven Silverman of Friedman Integrated Real Estate Solutions brokered the sale on behalf of both the seller and the buyer.
LWP Grabs Suburban Seattle Office Asset
Lake Washington Partners expanded its local footprint with the $46.5 million acquisition of Commons 90, a property previously owned by a Clarion Partners joint venture.
Paragon Closes Largest LA County Retail Deal of 2017
Constructed in the early 1980s, the San Fernando Valley shopping center anchored by Target and Kohl’s traded for roughly $233 per square foot.
RI Industrial Asset Changes Hands
Legacy Real Estate Ventures, in a joint venture with ProPartners in Parking, acquired 300 Niantic Ave. in Providence. The $4.2 million transaction was negotiated by CBRE/New England.
Transwestern to Buy State Farm Project in Atlanta
Park Center I features 602,000 square feet and is the first phase of a three-tower development project which, upon completion, will also incorporate a 22- and an 18-story building.
Westcore Expands NorCal Industrial Portfolio
The company has acquired a 277,500-square-foot industrial building in Stockton, Calif. for $14.4 million. This is Westcore’s second acquisition in the city in the past year.
One Crown Way in Philly Changes Hands
The asset was built in 1996 and it currently serves as headquarters for the seller, which will lease it back until its relocation.
Kennedy Wilson Fund Grabs $144M Office Campus
The two-building, 437,000-square-foot Glendale property is 88 percent leased to 21 tenants including Cigna, also serving as the headquarters for DineEquity and Learner’s Digest International.
Downtown Atlanta Trophy Asset Changes Hands
The iconic 100 Peachtree was developed by Equitable Life Insurance Co. in 1969 and designed by Skidmore, Owings & Merrill. The tower is currently 82 percent leased.
Cincinnati’s Port Union Commerce Park Fully Leased
With the 235,000 square feet of space available in Buildings 1 and 3 signed for by O’Gara-Hess & Eisenhardt Armoring Co. and ProFill Fulfillment, the campus is now fully occupied.