Investment
Midwest Industrial Hub Changes Hands
Sold by SpartanNash, 2925 Industrial is a mixed-use multi-temperature facility. JLL has brokered the sale of the 139,077-square-foot property on behalf of the seller.
Stimulating Development in Low-Income Areas
Avison Young Principal Jay Maddox details the tax code provisions that incentivize long-term investment in specific geographic areas across the country.
Suburban NYC Office Portfolio Trades for $45M
Morgan Management sold the Class A Canal View in Rochester, N.Y., and Corporate Crossing in Pittsford, N.Y., two years after acquiring them for Sovereign Partners for $35 million.
NAI Investment Fund Acquires TX Shopping Center
San Marcos Place, which was 80 percent leased at the time of the sale, marks the company’s fifth acquisition this year.
Apartment Income Investors Trades Inland Retail Asset
A private investor paid $24 million for the roughly 100,000-square-foot Thomas Winery Plaza in the Inland Empire in an all-cash transaction.
Tempe Office Building Changes Hands
JLL represented the seller, Hannay Realty Advisors, in its disposition of Warner Courtyards. The former owner will continue to manage the asset.
Warfield Cos. Buys, Rebrands Historic Complex
The property comprises 12 buildings, three of which have been renovated and leased. The new owner will add a strong residential component and rename the complex Warfield at Historic Sykesville.
Crown Realty Buys $32M OR Office Property
Sunset Corporate Park III in Hillsboro comprises more than 100,000 square feet and is 100 percent leased to Wells Fargo. NKF arranged the deal on behalf of the seller.
Coworking Goes Corporate
What began as a short-term solution for small start-ups has expanded into the corporate world, saturating the entire office market. Will coworking become the new norm for office space?
Inland Real Estate Buys 2 Phoenix-Area MOBs
Located at 220 S. 63rd St. in Mesa and 3940 S. Alma School Road in Chandler, the buildings comprise a total of 25,340 square feet.