Investment
St. Louis Business Center Changes Ownership
Green Street St. Louis acquired Cassens Business Center for $2.3 million in 2016 and completely renovated the property before selling it for $14 million with the assistance of Stan Johnson Co.
SVN Brokers Chicago Retail Asset Sale
A local real estate investor picked up two properties in the Lakeview neighborhood which are currently anchored by an Ann Sather restaurant.
Longfellow Real Estate Partners Acquires San Diego Office Property
The company will continue an extensive renovation plan that the previous owner begun, repositioning Sycamore Creek Research Park to accommodate life science and creative office users.
Tampa Distribution Center Trades for $69M
Link Industrial Properties acquired the 955,000-square-foot, Class A industrial asset located just off Selmon Expressway. Cushman & Wakefield negotiated the deal on behalf of the seller.
OneLegacy Buys LA-Area HQ
The buyer intends to move to the nearly 100,000-square-foot asset from its downtown Los Angeles location, with plans to add a recovery center and conference center.
San Francisco’s One Montgomery Terrace Sells for $82M
CBRE arranged the sale of the historic office building in the city’s North Financial District. The firm also secured $76.6 million in acquisition financing.
San Diego Office Complex Trades for $51M
Parallel Capital Partners bought the two-building asset in the Kearny Mesa submarket from Blackstone affiliate EQ Office. The seller had acquired the property as part of a $3.3 billion portfolio deal.
Sprint Closes Sale of 4 MSF Campus
Occidental Management, the new owner, cinched a sale-leaseback deal for Sprint’s 190-acre spread in Overland Park, Kan. The telecom company’s merger with T-Mobile is widely believed to be imminent.
Boston-Area Single-Tenant Retail Building Sells for $19M
The 64,227-square-foot property is located in Shrewsbury, Mass., and is triple-net leased to Price Chopper, a family-owned grocery chain.
CBRE Secures $81M Minneapolis Office Sale
The company’s Ryan Watts, Judd Welliver, Sonja Dusil and Tom Holtz arranged the sale of the property on behalf of the seller.