Deals
Robbins Electra Lands Eighth Charlotte Property
The Tampa-based owner-operator purchased Pavilion Crossings, a 408-unit community that will be rebranded as Grand Reserve at Pavilion. The property will undergo a $3.6 million renovation process.
NGKF Arranges $10M Scottsdale Office Park Sale
Managing Director Erik Marsh and Associate Nicole Iglehart represented both parties in the disposition of the nearly 65,000-square-foot Turnstone Office Park.
RMR Group Nabs $57M Hampton Roads Asset
The Boston-area trust acquired the 288,000-square-foot office building from local developer Buddy Gadams. The property houses ADP, a New Jersey-based human resources firm.
Lincoln Arranges Multiple Leases for Atlanta Mixed-Use Asset
309 East Paces offers 80,000 square feet of office space and above-ground floor retail. The building was completed in 1964 was converted to office and is slated for completion this July.
Duke Realty Grows South Florida Industrial Portfolio
The acquisition of the newly constructed facilities helped raise the company’s portfolio in the market to 5.9 million square feet.
Hudson Pacific Nabs $200M Hollywood Studio
The 369,000-square-foot media and entertainment campus at 1040 N. Las Palmas Ave. first opened the doors of its stages and bungalows in 1919.
CBRE Global Buys Atlanta Retail Center for $109M
The company has partnered with Universal-Investment to acquire North Point MarketCenter, a more than 427,000-square-foot Class A shopping mall in Alpharetta, Ga.
Gramercy Europe, AXA Trade $1.1B Portfolio
The industrial, retail and office assets are primarily located in Germany and the Netherlands, with smaller footprints in France, Poland and the United Kingdom.
Nexus at ASU Research Park Changes Hands
The two-story, 123,864-square-foot property in Tempe was constructed in 1998 as a research and development facility. ViaWest converted the building to office use a couple of years ago.
Coro Realty Nabs Midtown Atlanta Retail Portfolio
The company plans to add the newly purchased assets to the already acquired Gordon Biersch property, which will enable Coro to control almost all retail on Peachtree Street.