Deals
Industrial Asset in Miami Changes Hands
A team spearheaded by Cushman & Wakefield, Colliers and CBRE professionals negotiated the sale of the 164,432-square-foot distribution building. The property serves as ECU Worldwide’s headquarters.
Fort Lauderdale Office Asset Trades for $14M
Cushman & Wakefield represented the seller and secured acquisition financing on behalf of the buyer. The loan will fund leasing costs and future capital improvements.
Local Orlando Motel Changes Hands
The 14-key motel built in 1955 was operated by the same owner for more than 30 years. Raceway Motel offers approximately 5,044 square feet of living area.
Baum Realty Mediates Sale of Chase Bank Building
The 4,195-square-foot property at 7180 W. Grand Ave. in Elmwood Park, Ill., brought the seller, a private West Coast investor, $4.5 million.
Doubletree by Hilton SLC Changes Hands
The Plasencia Group represented the seller of the 288-key lakefront property, SLC Hotel Partners LLC, an affiliate of Laurus Corp.
NJ Area Industrial Property Sells for $7M
In a deal brokered by NAI James E. Hanson’s Andrew Somple and Michael Walters, The Hampshire Cos. disposed of a industrial/flex building in Northvale, N.J.
CBRE Arranges Sale of Miami-Area Retail Asset
The sales advisory team worked on behalf of Torburn Partners, a Chicago-based company that is also the developer of the project.
HFF Closes Sale of SC Hotels
The portfolio comprises the 125-key Candlewood Suites in Charleston, S.C., and the 124-key Candlewood Suites in Bluffton/Hilton Head, S.C. HFF arranged the transaction on behalf of the seller, Liberty Group.
Paramount Closes $460M DC Office Sale
The 24-story Waterview tower in Arlington, Va., sold for $711 per square foot, a record-breaking price for suburban Washington.
Pattern Energy Acquires 324MW Broadview Wind Facilities
The California investor acquired interest in the two wind projects that comprise the 324-megawatt Broadview Wind power facilities and the associated independent 35-mile 345-kilovolt Western Interconnect transmission line for $215 million in cash and an assumed project loan of $54 million.