Investment
Finmarc Management Buys MD Shopping Center
The company paid $43.9 million to acquire a 280,000-square-foot Upper Marlboro mall, which is anchored by Marshalls, Shoppers Food Warehouse, Regency Furniture, Advanced Dollar Tree and Dress Barn.
Asana Partners Buys Atlanta Retail Asset
The Trader Joe’s-anchored shopping center in the city’s Midtown submarket contains more than 110,000 square feet along the Eastside BeltLine trail.
Stockbridge Capital Group Buys FL Industrial Park
Working on behalf of the seller, Cushman & Wakefield negotiated the sale of Powerline Business Park, a 444,000-square-foot property in Pompano Beach.
ElmTree Funds Buys Pepsi Bottling Facility
With the help of HFF, Armada Hoffler Properties sold the newly built distribution center in Richmond, Va., totaling more than 220,000 square feet.
How Coworking Affects Asset Values
CBRE sampled recent office sales around the country to assess the influence of flexible workspace on cap rates and property values.
Ten Capital Management Acquires St. Louis Office Asset
The Class A building, which comprises more than 250,000 square feet, was 97 percent leased at the time of sale to four tenants, including Cushman & Wakefield.
Blackstone Set to Launch $20B Property Fund
The investment giant’s plan continues its practice of doing things on a large scale and reflects an active fundraising strategy.
SRS Real Estate Partners Brokers KY Retail Center Sale
Crestwood Crossing, a roughly 19,000-square-foot retail asset in Crestwood, changed hands for $3.5 million. An Ohio-based buyer purchased the asset from a local developer.
Distribution Center in OH Acquired in 1031 Exchange
The 33,197-square-foot property carries a cap rate of 7.93 percent, with more than four years of remaining lease term. Third Coast purchased the asset for $3.4 million.
Hampshire Cos. to Develop Self Storage in CT Opportunity Zone
This marks the company’s second Opportunity Zone investment. The 800-unit storage asset will be developed on a two-acre site located in New London, Conn.