Deals
Marcus & Millichap Secures DC Mixed-Use Asset
The Transit Employees Federal Credit Union sold the 4,374-square-foot mixed-use facility located in Washington, D.C. The property features a sublevel and mezzanine space for retail, office or multifamily conversions.
Avison Young Brokers $20M Sale of 2 DC-Area Industrial Assets
The properties totaling 245,888 square feet were sold by CIM Group and purchased by Beckham Gumbin Ventures. The buildings are close to key employers, such as the CIA and CACI International.
Miami Beach Retail Property Trades in $4M Deal
EWM’s Allison Turk worked on behalf of the Canadian buyer, who plans to convert the space into the first U.S. location for Impact Kitchen.
West Loop Self-Storage Assets Trade for $14M
The sale of the buildings, totaling 60,000 square feet, was mediated by SVN Chicago Commercial. Extra Space Storage occupies all three structures.
Historic Boston CBD Asset Trades for $75M
The 179,872-square-foot office asset last traded four years ago. The value of the property increased by more than 45 percent since then.
Facebook Seattle HQ Commands $286M
Tristar Capital and RFR Holding have partnered to acquire Dexter Station, a 10-story, Class A office building in the city’s South Lake Union neighborhood.
Philly-Area Hilton Garden Inn Hotel Sells for $23M
The 146-key property underwent a $2.5 million renovation of the lobby and outdoor seating areas, as part of a value-add strategy implemented after the hotel’s acquisition in 2013.
Phillips Edison REIT to Acquire $1B in Sponsor Assets
The combined company, which is expected to reach a total enterprise value of $4 billion, will own 230 shopping centers in 32 states.
JLL Closes Tampa Industrial Sale
The sale comes just after a lease JLL secured at the property brought the state-of-the-art, cross-dock facility to full occupancy.
Slate to Acquire $53M NC Retail Asset
The owner and operator of U.S. grocery-anchored real estate inked a binding agreement to purchase Mooresville Consumer Square, a 579,391-square-foot retail property in Iredell County.