Deals
Phoenix-Area Retail Center Lands $31M in Financing
Meridian Capital Group represented the borrower in securing the three-year, floating-rate loan for the acquisition of a mixed-use retail center located in Peoria.
Suburban Philly Devon Square Trades for $34M
In a deal brokered by HFF, the two-building office complex in Wayne, Pa. was sold by a joint venture of Keystone Property Group and Argosy Real Estate Partners.
JV Lands $43M Charlotte Retail Center
American Realty Advisors and Stonemar Properties purchased Ballantyne Village, an entertainment-driven retail asset in Charlotte, N.C. Berkeley Capital Advisors represented seller MV Ballantyne Village LLC.
Chandler Industrial Asset Changes Hands
NGKF’s Executive Managing Director Jerry Jacobs and Associate Joe Vale represented the buyer, who paid $2.2 million for the 17,149-square-foot Class A industrial building.
Passco Nabs Inland Empire Value-Add Retail Center
The company plans to reposition the 102,976-square-foot neighborhood shopping center in Corona, Calif. The retail market has one of the lowest vacancy rates in the regions.
Jackson Square Office Building Changes Hands in SF
Seth McKinnon and Tyler Meyerdirk of CBRE Capital Markets arranged the sale of the five-story, 15,432-square-foot property in San Francisco. At the time of the transaction, the building was 92 percent leased.
New York Office Asset Changes Hands in $25M Deal
One Lincoln Center underwent a $10 million renovation in 2016 and was 86 percent leased at the time of the transaction. The 17-story asset was built in 1970 and is the tallest building in Syracuse.
Suburban DC Office Building Sells for $4M
Transwestern handled the sale of a 27,500-square-foot office/flex building located in Rockville, Md. The building last traded in 2000 for $4.3 million.
Escondido Retail Center Changes Hands for $25M
Faris Lee Investments has arranged the sale of Gateway Center, an 89,625-square-foot property that was 95 percent leased at the time of the transaction.
One Liberty Sells Vacant Colorado Property
The company anticipates that the gain from this sale will be $6.5 million. The asset was previously occupied by Sports Authority.