Deals
Chicago CBD Asset Changes Ownership After 22 Years
Baum Realty Group brokered the sale of a boutique, mixed-use building at 6-8 S. Clark St., which has been under Wendy’s ownership since 1995.
Douglas Development Buys $66M Land for DC Project
The site is part of the 15 acres that the company acquired to develop NewCityDC, a 1.5 million-square-foot mixed-use project that will offer apartments, townhomes, retail and a hotel.
WPB-Area Mixed-Use Asset Trades for $28M
HFF secured $20.3 million in acquisition financing on behalf of the new owner, who acquired the property free and clear of debt.
Kennedy Wilson Lands Anchor at Dublin Project
J.P. Morgan has agreed to acquire an eight-story office building at Capital Dock, a 660,000-square-foot mixed-use development rising in the city’s Docklands area.
Crawford & Co. to Relocate to Atlanta Suburb
TPA Group negotiated $13.7 million refinance loan for Crawford & Co.’s new corporate headquarters in Peachtree Corners, Ga. The 109,172-square-foot facility will undergo a renovation process that includes rebuilding the lobby, updating the workspace layout and adding additional parking.
Metro DC Office Park on the Market Again
Avison Young was tapped once more to market the sale of Calverton Office Park in Beltsville, Md. The 313,810-square-foot complex comprises three office buildings and a daycare center.
Regal Hospitality Lands Sheraton Suites Columbus
HFF closed the sale of the 259-key hotel in Columbus, Ohio. The property provides easy access to the Port Columbus International Airport as well as downtown Columbus and the Ohio State University.
Ivanhoé Cambridge JV Buys Chicago Office Tower
The company and its partner, Callahan Capital Properties, paid $145 million to acquire the 576,000-square-foot high-rise at 125 S. Wacker Drive in the city’s West Loop neighborhood.
Fort Worth Office Park Changes Hands
JLL brokered the sale of a 45,111-square-foot office park in Fort Worth, Texas, as well as the 2.6 acres on which it is situated, to 3700 Hulen LLC, on behalf of Chemical Management Co. Inc. The property once served as the headquarters for a mineral and lime producing company.
San Diego Shopping Center Trades for $15M
The Carlsbad-based buyer plans to reposition the 43,108-square-foot center to appeal to healthy lifestyle and fitness tenants. The asset includes a mix of retailers and was recently upgraded to include monument signage.