Deals
Marcus & Millichap Closes Record-Breaking Self-Storage Sale
The two properties, The Vault of Menomonee Falls and The Vault of Waukesha, sold for the highest amount ever paid for a self-storage portfolio in the Greater Milwaukee area.
Hyatt, IHG to Expand Middle Eastern Brands
Both companies have signed for and plan to develop several hotels throughout the Middle East and Gulf Cooperation Council.
Hanley Closes Sale of LA Fitness in Chicago Area
The 37,000-square-foot facility at 620 North York St. was finalized last year. The tenant signed a 15-year primary lease with a number of option periods.
Equus Capital Acquires 230 KSF Charlotte Office Asset
HFF closed the sale and arranged $42.4 million in acquisition and improvement financing for the four-story Rotunda Building at 4201 Congress St. in SouthPark.
PAC Nabs Atlanta-Area Retail Center
The company acquired an 80,018-square-foot shopping center anchored by a 45,600-square-foot Publix grocery store. PAC financed the acquisition utilizing a $11.5 million non-recourse first mortgage loan.
Kennedy Wilson, Euro-Affiliate to Combine Into $8.2B Entity
The transaction is expected to close during the third quarter of 2017. The deal will reportedly create a global portfolio of more than 400 properties with an enhanced geographic mix and broad diversification across real estate sectors.
Colliers Lends a Hand in $60M MOB Package Deal
The 10-building Blackstone Valley Medical Office Portfolio encompasses 301,700 square feet of institutional-quality, Class A medical office space located across three Rhode Island submarkets.
Terreno Realty Lands Seattle Distribution Building
The company paid $5.9 million to acquire the 35,000-square-foot property, which is located at 25-29 South Hanford St. in the SoDo district.
Self-Storage Asset Changes Hands in Maricopa County
Marcus & Millichap closed on the sale of a 26,875-square-foot self-storage property comprising 250 units. Yardi Matrix data shows that the facility traded for $2.4 million.
Boston Historic Building Trades in Sale-Leaseback Deal
Colliers International arranged the disposition of 148 State St. on behalf of Public Consulting Group Inc., which will keep its headquarters downtown.