Deals
Chicago Retail Center Sells for $24M
Archer Station is fully leased to a tenant roster including Ross Dress for Less, LA Fitness, AT&T Wireless and Athletico Physical Therapy.
Marriott Sells Hawaii Resort for $317M
The Westin Maui along Ka’anapali Beach comprises the recently renovated 553-key Ocean Tower, as well as the 206-key Beach Tower, which will get its own makeover under the new ownership of Trinity Investments and Oaktree Capital Management.
CBRE Structures $19M R&D Sale-Leaseback
The 86,118-square-foot building in Fremont, Calif., will be leased back for 10 years by the current owner and occupant on a NNN basis.
Atlanta Area Retail Center Changes Hands
The shopping center known as Dawson 400 is anchored by Napa Auto Parts and Goodwill and was at 88 percent occupancy at the time of the deal. The center benefits from the proximity of North GA Premium Outlet Mall.
P3RE Acquires BroadAcres Office Park for $32M
Meridian Capital Group secured financing for the company and Cushman & Wakefield represented the Bloomfield, N.J.-based seller, Prism Capital Partners.
WPC Acquires $8M Office Buildings
Washington Property Co. acquired two assets in the Maryland and Virginia suburbs of D.C., with plans to renovate and reposition both properties.
LaSalle Sells Hotel Portfolio for $219M
The company recently sold two hotels in Lansdowne, Va. and Seattle and expects to close the third transaction in San Francisco in April.
Prologis Acquires 4-Building Industrial Distribution Center in Houston
The Class B distribution warehouses, located in Houston’s West by Northwest Industrial Park, total 809,196 square feet and have generated more than 10 offers from institutional investors.
Former Equity Trust HQ Changes Hands
The 40,000-square-foot property sold for $1 million to a local investor in Cleveland. The Buyer Quest-anchored office building will undergo several improvements.
Former ARC Hospitality Closes First Phase of $400M Investment
Rebranded Hospitality Investors Trust, the company has also completed a transition to self-management, having terminated its previous agreement with American Realty Capital Hospitality Advisors.