Investment
TA Associates Sheds SoCal Office
MGR Realty bought Empire Towers V, a nearly 125,000-square-foot Class A building in the Inland Empire for almost $30 million. NKF Capital Markets represented the seller in the transaction.
CBRE Arranges Sale of Phoenix Shopping Center
Plaza at Power Marketplace comprises roughly 71,000 square feet and was 93 percent leased at the time of sale. The asset is anchored by LA Fitness and shadow-anchored by Home Depot.
Tampa-Area Retail Sells for $29M
Retail Value Inc. traded the grocery-anchored retail center located in Plant City, Fla. approximately 25 miles from downtown Tampa. HFF arranged the sale on behalf of the seller.
Innovatus Capital Partners Grabs Dallas Office
The firm purchased the asset from Heady Investments, financing the acquisition with a $24.5 million mortgage from Citizens Financial Group.
The Hampshire Cos. Breaks Ground on NJ MOB
Hackensack Meridian Health has pre-leased the entire building, while Circle Squared Alternative Investments acted as the project’s investment advisor.
Griffin-American Snags CO MOB for $32M
Grand Junction Medical Office Building comprises 83,000 square feet and is fully leased to the Colorado West Healthcare System and its subsidiaries.
JMA Ventures, Blue Vista Acquire NV Portfolio
American Nevada Co. sold the five assets located in the Green Valley submarket of Henderson. The office properties total 271,000 square feet.
Boston-Area Creative Campus Trades for $108M
JLL facilitated the sale of the 479,000-square-foot asset on behalf of The Davis Cos. The eight-building property was 89 percent occupied at the time of sale.
Preferred Apartment Communities Snags Orlando Shopping Center
The new owner financed the acquisition of the 117,705-square-foot, Publix-anchored retail asset using a 9.8 million non-recourse first mortgage loan.
Preferred Apartment Communities Nabs Charlotte-Area Retail Asset
The company used an $18.5 million loan from Nationwide to finance the acquisition. CBRE facilitated the sale of Brawley Commons on behalf of the seller.