Investment
Cushman & Wakefield Brokers $36M Business Park Sale in Jacksonville
Senior Director Karl Johnston of the company’s Capital Markets Group, along with leasing representative Senior Vice President Mark Scott of Foundry Commercial, arranged the deal on behalf of the seller.
Courtyard by Marriott in Virginia Sells for $20M
Excel Group’s purchase of the 191-key Courtyard by Marriott Springfield marks the seventh major transaction for the company in the last year.
Single-Tenant SoCal Industrial Asset Changes Hands
Alere Property Group paid $11.4 million to SENTRE for the 56,190-square-foot building located close to John Wayne airport in Orange County.
Woodside Health Sells Mixed-Use Florida MOB
Tidegate Capital purchased the roughly 23,600-square-foot Indian River Medical Building & Apartments in Vero Beach, which includes medical office space and 14 residential units.
Allianz Buys Into NYC Skyscraper for $384M
The German insurer purchased a minority stake in the 1.5 million-square-foot office condo leased to WarnerMedia within the new 30 Hudson Yards tower. The majority owner is a joint venture of the Related Cos. and a third-party investor.
Blackstone’s Credit Arm Closes $4.5B Fund
GSO Capital Partners announced the final closing of the GSO Energy Select Opportunities Fund II, one of the largest energy-focused credit funds in the market.
Exeter Property Group Buys Phoenix Industrial Asset
The company acquired a 123,754 square-foot warehouse in the Southwest Valley submarket. DAUM Commercial represented both buyer and seller in the off-market transaction.
Atlanta Office Property Trades for $120M
Farallon Capital Management and Crocker Partners intend to invest in renovations of the common areas and amenities at the 646,471-square-foot former headquarters of The Home Depot.
Skanska Agrees to $152M Helsinki Office Sale
The 190,000-square-foot development, set to become the headquarters for the European Chemicals Agency, is under construction and anticipated to be delivered by the end of 2019.
Magnolia Capital JV Buys Nashville Office Portfolio
The two Class B properties traded for $32 million. The buildings add up to more than 125,000 square feet and are located in the Brentwood submarket.