Investment
Strategic Real Estate Acquires NJ Office Complex
The company received a $53.6 million loan to purchase the more than 320,000-square-foot asset in Morristown. The building counts Travelers Insurance among its tenants.
Dallas Office Campus Changes Hands
The nearly 170,000-square-foot property is located across from the Dallas Midtown redevelopment site at the Valley View Mall, where two major mixed-use projects are planned.
Ares Management JV Buys Boston Office Property for $110M
The company has teamed up with Accordia Partners to acquire 2 Morrissey Blvd., a five-building campus offering 425,000 rentable square feet.
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.