Investment
Nahla Capital Spends $126M on Philadelphia Office Tower
The asset, acquired in a joint venture with Goldman Sachs, is located in the Market Street West neighborhood and represents the buyer’s first expansion into Pennsylvania.
OH Distribution Center Changes Hands for $40M
Broadstone Net Lease Inc. has acquired the roughly 211,000-square-foot facility, which recently underwent an expansion and is fully leased to a frozen, refrigerated and dry foods distributor.
Forge Capital Grabs Memphis Shopping Center
Kroger and Ross Dress for Less anchor the retail property, which contains more than 135,000 square feet. An HFF team facilitated the transaction.
Benderson Development Pays $17M for Chicago Costco
The store is located in the city’s South Loop neighborhood, spans across 16 acres and is part of the Illinois Medical District Campus.
Klein Enterprises Expands Baltimore Office Footprint
The company has acquired 7152 Windsor Blvd., a 57,855-square-foot, 1980s vintage building in Rutherford Business Park, boosting its commercial portfolio to more than 2.1 million square feet.
CBRE Arranges Sale of OC Office Building
Located at 17791 Fitch Ave., the two-story research and development property comprises 15,405 square feet, 10 percent of which is warehouse space.
Nashville Office Building Commands $13M
A little more than a year after acquiring the downtown property and three vacant lots, Wedgewood sold the portfolio to Speedwagon Properties.
Global Investors Seek Durability in LA
In an exclusive podcast interview, Genton Property Group CEO Jonathan Genton discusses investment and development trends in the city’s creative office and luxury residential markets.
Paramount Assets Grabs Value-Add Opportunity in NJ
The company, which specializes in renovating and converting underutilized historical buildings, has yet to decide the fate of the newly purchased office and retail buildings.
Rhode Island Hospital Lands $13M Renovation Project
The five-phase project will add 11,000 square feet to Newport Hospital, nearly doubling its treatment and exam rooms. E4H Environments for Health Architecture is the designer of the building.