Investment
Net Lease as a Hedge Against Market Swings
While this asset class focuses largely on the retail market, the diversification comes in the range of lease terms, geographies and product types over which savvy investors can spread risk.
Swift Real Estate Acquires San Francisco Office Building
The buyer funded the transaction with an acquisition and development loan from a private lender. The 1912-built historic property is almost fully leased.
Clarion Partners Completes $135M Seattle Office Purchase
Kilroy Realty sold the property seven years after acquiring it from HAL Real Estate for more than $100 million.
Art Van Furniture Store Changes Hands in OH
The 91,388-square-foot store located in Toledo’s metropolitan area traded for $16.5 million. Stream Capital Partners represented the institutional seller.
Oxford Properties Acquires Australian Office Fund for $2.4B
The real estate arm of OMERS purchased 19 office assets in Sydney, Melbourne, Brisbane, Perth and Canberra from Investa Property Group. Oxford and Investa will manage the portfolio jointly.
Clarion Partners Acquires $282M NYC High-Rise
The Midtown Manhattan office building recently underwent $30 million in capital improvements. Newmark Knight Frank represented the seller, Blackstone’s EQ Office affiliate.
U.S. Bank Sells NoVa Office Property
The bank sold the approximately 67,000-square-foot Class B building for $10 million, having taken control of the asset through a foreclosure in mid-2017.
Savanna Buys, Repositions Manhattan Asset
The 126,256-square-foot office property will undergo a $21 million capital improvement program that will include upgrades to the lobby, roof, facade and seventh-floor vacant space.
Boston Trophy Tower Commands $455M
Skanska’s 450,000-square-foot, LEED Platinum-certified asset opened in June. The office portion is fully leased to Alexion Pharmaceuticals and PTC.
NorthStar Realty Europe Sells Frankfurt’s Trianon Tower
The 737,360-square-foot iconic office building in the German banking center’s CBD changed hands for about $758 million. Cushman & Wakefield advised on the deal.