Investment
H5 Expands in WA, Acquires 240 KSF Data Center
The facility marks the company’s 12th operated in the U.S. The property benefits from a low cost of power and qualifies for the state’s tax abatement program.
The Koll Co. Adds OC Flex Building to Portfolio
The building includes office/R&D and warehouse space. The company plans to invest $4 million in upgrading the 77,000-square-foot property.
NKF Capital Markets Arranges Sale of MD Hilton
The 301-key Hilton Washington North Gaithersburg offers a swimming pool and a fitness center. The property is set to undergo an extensive renovation plan under the new owner.
Sterling Org. Closes Fund With $495M in Commitments
With leverage, Sterling Value Add Partners III has roughly $1.3 billion in purchasing power, which will be aimed at retail centers nationwide.
Swift Real Estate Trades San Francisco MOB
The new owner, a joint venture including Harrison Street, picked up the asset for $30 million, funded by a $25 million acquisition mortgage.
W.P. Carey Buys $178M Netherlands Retail Portfolio
The 36 assets total 1.5 million square feet and are triple-net leased to the Dutch DIY company Intergamma B.V. for an average of 15 years.
St. Louis Mall Changes Hands
Hull Property Group picked up the 1.3 million-square-foot Chesterfield Mall, opened in 1976, from C-III Capital Partners, which took control of the asset after a foreclosure action in 2016.
Silicon Valley Storage Facilities Sell for $25M
Marcus & Millichap’s Levin Johnston and National Self Storage Group arranged the sale of two properties located in Los Gatos.
Phillips Edison, Grocery Center REIT II to Merge
The consolidation, which is expected to be completed in the fourth quarter, will create one of the largest grocery-anchored shopping center portfolios, worth more than $6 billion.
Dedeaux Sells 7-Building LA Industrial Campus
DAUM Commercial Real Estate Services represented the seller in the individual dispositions of the freestanding buildings in Echelon Business Park. They range from 27,438 to 43,166 square feet.