Investment
Compass Datacenters to Invest $3B in Multi-State Expansion
The company will develop campuses across the U.S. in a growth plan bolstered by additional commitments from current investors and capital from a new partner.
Granite REIT Buys 3 Facilities in $120M Deal
The fully leased industrial properties have a combined total of 1.3 million square feet and are located in the U.S. and the Netherlands.
LA-Area Office Asset Sells for $51M
A New York-based company acquired the two-building property and is set to renovate it for media, tech and entertainment tenants.
JV Picks Up Raleigh-Area Office Park
Pinnacle Financial Partners provided financing for the acquisition of the two-building portfolio in Cary, N.C. Avison Young will lead the leasing efforts.
South Florida Retail Asset Commands Royal Price
InvenTrust Properties Corp. paid $97 million for a Costco-anchored shopping center in Royal Palm Beach. CBRE negotiated the deal on behalf of the seller.
JV Buys Connecticut Office for $34M
Rubenstein Partners sold a 91,000-square-foot property, located within the six-building Shippan Landing waterfront office campus in Stamford. The asset serves as Vineyard Vines’ headquarters.
Appraisal District’s New Austin Office to Undergo Reno
TCAD acquired the building for nearly $9 million. Improvement work at 850 E. Anderson Lane is expected to commence later in November, with completion slated for May 2020.
CBL Properties Sells MS Retail Center for $32M
Best Buy, Dick’s Sporting Goods, HomeGoods, Michaels and Stein Mart anchor the 216,000-square-foot retail asset located 14 miles north of downtown Jackson.
Bain Capital Sells Life Science Campus for $255M
The company teamed up with Phase 3 Partners to sell the 314,000-square-foot, Class A property in San Diego to a REIT.
GA Shopping Center Trades for $24M
The 159,329-square-foot shopping center is currently fully leased, with T.J. Maxx, Hobby Lobby, Dick’s Sporting Goods, ULTA and PetSmart as anchors. Newmark Knight Frank represented the seller in the deal.