Investment
Colliers Brokers Sale of 2 PA Retail Assets
The properties—a 9,000-square-foot, three-story historic office and retail building and a gas station/convenience center—traded for a combined $6.8 million.
Sealy & Co. Acquires 2 Oklahoma City Industrial Assets
Purchased on behalf of Sealy Strategic Equity Partners, the properties total more than 400,000 square feet, bringing the firm’s local square footage ownership to more than 2.1 million square feet.
Boston-Area Flex/R&D Complex Lands $21M Loan
Parsons Commercial Group has acquired the 330,000-square-foot Chiswick Park, for $27.5 million. Berkadia secured acquisition financing for the five-building office and industrial ensemble.
CBRE Arranges Sale of FL MOB
Located at 4800 North Federal Highway, the 13,851-square-foot property offers convenient access to Sample Road, E. Hillsboro Boulevard and S. Ocean Drive.
JV Buys Warehouse, Plans Office Revamp in Richmond
The 35,985-square-foot industrial asset is located in the Scott’s Addition neighborhood. The new ownership intends to reposition the asset as a creative office property, with extensive remodeling work planned for the next six months.
Coretrust Picks Up 640 KSF Pasadena Office Campus
The company paid $260 million for Corporate Center Pasadena and is set to invest more than $90 million to upgrade and reposition the four-building asset.
San Diego Office Property Trades for $18M
Constructed in 1989, the two-story, 61,227-square-foot building recently underwent renovations, which included upgrades to the lobbies, common areas and entryways.
Leon Capital Sells FL Retail Center for $19M
Cushman & Wakefield represented the seller in its disposition of Marketplace Square, a 169,223-square-foot property anchored by Hobby Lobby.
FRP Sells $347M Multi-State Industrial Portfolio
The 3.6 million-square-foot group of assets, located across three Mid-Atlantic states, includes 40 warehouse and warehouse/office properties, as well as three land parcels.
ViaWest Sells 249 KSF Industrial Portfolio in TX
CBRE represented both parties involved in the deal. Merchant Industrial is a four-building property in El Paso, which the company previously acquired back in 2015.