Investment
Shorenstein Buys San Diego Office Towers
Sorrento Towers North & South comprise 565,000 square feet across four buildings. Cushman & Wakefield advised the new owner on the transaction.
Jacksonville Office and Industrial Complex Changes Hands
Savlan Capital paid $18.3 million for the asset, which contains nearly 195,000 square feet of flexible office and light industrial space across five buildings.
GreenOak JV Pounces on the Lion Building
JBG Smith traded the eight-story, 157,000-square-foot Class B office asset in Washington, D.C. The purchase price was $65 million.
EquiCap Brokers Sale of TN Storage Facility
The self-storage property in Soddy Daisy traded in an off-market transaction to a 1031 exchange buyer. The asset is approximately 15 miles from downtown Chattanooga.
L&L Holding JV Buys Terminal Stores in NYC for $880M
The partnership will transform a self storage space at the historic 1.2 million-square-foot property in West Chelsea into a state-of-the-art office and retail asset.
Record-Breaking Retail Sale Closes in Orange County
CBRE has facilitated the market’s highest-priced retail purchase of 2018, with the Huntington Beach asset changing ownership from Watt Cos. to Stockbridge.
Hempel Cos. Snags Minneapolis Office Asset
AtWater Group sold Concorde Executive Center, a 104,063-square-foot building in the Northwest submarket for $5.5 million. Cushman & Wakefield is in charge with the property’s management and leasing activities.
Founders Properties Snags Columbus Assets for $21M
The deal was a portfolio transaction and it included Northwoods II and 825 Tech Center Drive. The PNL Cos. was the seller.
On the Market: 5 Interesting Listings for October
This month’s listings include a CVS Pharmacy store in Michigan, a vintage multifamily asset in Richmond, Va., and a recently renovated flex building in Miami.
Boston Mixed-Use Building Commands $107M
In a deal arranged by NKF, The Rockpoint Group acquired the 192,890-square-foot property, which serves as headquarters for the Boston Celtics, two divisions of TripAdvisor and Oxfam America.