Investment
Cushman & Wakefield Brokers AZ Industrial Sale
Conor Commercial Real Estate and Globe Corp. sold AZ|60 Industrial for $27 million. The two-building property in Gilbert encompasses 225,600 square feet.
Banyan Street, EII Realty Form New Investment Manager
The freshly minted vehicle, Banyan Street Real Estate Funds LLC, will focus on value-add and opportunistic strategies under the guidance of two former Ell Realty executives.
Petrus Partners Sells NC Office Park
CBRE provided assistance in the $23.2 million disposition of the four-building CentrePort Office Park in Greensboro. The asset previously traded in 2006.
Marcus & Millichap Brokers $9.1M Sale of Chicago Retail Asset
The 27,780-square-foot property, which is located in one of the highest barriers to entry submarkets in the city, underwent complete renovation in 2007.
JV Sells Fully Leased Office Building in Richmond
Cushman & Wakefield | Thalhimer’s Capital Markets Group brokered the $7.5 million sale of Windsor I, a single-story building within the 62-acre Windsor Business Park.
Wonderful Real Estate Buys Sacramento-Area Office Asset
The two-building property contains nearly 180,000 square feet of Class B space and is fully leased to the Centene Corp.
Mack-Cali to Sell Suburban Office/Flex Assets for $488M
The office and multifamily REIT plans to sell 56 properties in Westchester County, N.Y., and Fairfield County, Conn., to an affiliate of the Robert Martin Co.
Rosenthal, PGIM Buy Richmond-Area Retail Portfolio for $125M
The companies have formed a joint venture to acquire the 745,000-square-foot collection of five grocery-anchored shopping centers from Marchetti Properties.
Invesco Real Estate Buys $129M FL Industrial Portfolio
The deal includes approximately 1.9 million square feet of warehouse space spread across three buildings in Jacksonville’s Westside and Northside submarkets.
DRA Advisors Buys Minneapolis Office Portfolio
The nearly $74 million deal includes two high-rises totaling more than 620,000 square feet of Class A space in the city’s central business district.