Investment
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.
Queensgate Acquires DC Hotel for $54M
The company acquired the 148-key Courtyard by Marriott Washington, D.C., from affiliates of Quadrangle Development and Capstone, with plans to reopen the property under the Generator flag.
CenterPoint Buys FL Distribution Facility
Located in Pompano Beach, the 778,816-square-foot property is 100 percent leased to Supervalu Wholesale. CBRE represented the seller in the deal.
JV Acquires SoCal Twin Towers for $107M
Equity Office Properties sold the office buildings in Torrance, Calif., to The Ruth Group and Roxborough Group, in a deal handled by Newmark Knight Frank.
2-State Self-Storage Portfolio Changes Hands
Cushman & Wakefield and JLL teamed up to represent the seller of the institutional-caliber properties, which serve upscale areas of Los Angeles and Houston.
Tryperion Partners Sells San Antonio Tech Center
St. Croix Capital Cos. purchased the three-building complex with the help of $11.9 million in acquisition financing. The property is within the University Park on Network Boulevard.
Morgan Stanley to Buy Helsinki Mall for $592M
Advised by Cushman & Wakefield, Wereldhave will sell Itis, a 1.1 million-square-foot property counted as one of the largest shopping centers in the Nordics.
Monmouth Buys NJ Industrial Asset for $85M
The company has acquired a 347,145-square-foot building in Trenton, upping its portfolio to 112 properties and approximately 21.5 million rentable square feet.