Deals
Griffin Partners’ New Office Fund Buys Houston Asset
The acquisition of the boutique office building at 520 Post Oak Blvd. marks the fund’s third investment since its inception in mid-2016.
Marcus & Millichap Arranges Sale of Columbus Retail Center
Northland Plaza, located just 11 miles north of downtown Columbus and The Ohio State University, sold for $4.5 million to a private buyer, after less than one week of bidding offers.
Atlanta Mixed-Use Property Sells for $21M
The nine-building asset, which encompasses office, showroom, retail and warehouse space, is located along a strong office and retail corridor in the metro’s North Fulton submarket.
Baltimore-Area Industrial Asset Changes Hands
The property in Elkridge last traded in 2004, when Matan Cos. acquired it for $6.7 million. The building served as the headquarters of Kane Co., which filed for bankruptcy and vacated it in 2016.
Lincoln Closes Sale of Atlanta-Area Office Asset
The two-story property, which is fully leased to four tenants, is part of the Northlake Commons Office Park in Tucker, Ga.
Bay Area Office Campus Changes Hands
PCCP LLC and Align Real Estate formed a joint venture to acquire Walnut Creek Center, a two-building, 236,122-square-foot, Class A office facility. The new owners plan to invest approximately $3 million in capital upgrades.
SACA Closes Sale of Callaghan Shopping Center
The retail center was 91 percent occupied at the time of the transaction, with 60 percent of the property leased to the same tenants for over 10 years.
LA-Area Retail Asset Trades for $20M
Marcus & Millichap facilitated the transaction of the 111,830-square-foot Walmart-anchored center in Norwalk on behalf of the seller, Newmark Merill Co.
WPG, O’Connor Close Second Retail JV
Washington Prime will continue to lease and manage the 2 million-square-foot portfolio, which comprises seven open-air shopping centers valued at $600 million.
Nassau County Office Building Sells for $76M
CBRE brokered the sale of the 217,226 square-foot asset, which is fully occupied through 2036 by the county’s Department of Health and Human Services.