Investment
DC-Area Retail Plaza Sells for $20M
Fortuna Center Plaza is a nearly 105,000-square-foot, grocery-anchored shopping center located in Northern Virginia. The more than $20 million deal was arranged by NKF Capital Markets.
Friendly Hills Marketplace in CA Sells for $40M
CBRE and NRP-West brokered the sale on behalf of the seller, Oppidan Inc. CBRE has also arranged an acquisition loan for the buyer.
Tampa Office Park Trades for $20M
The Cushman & Wakefield team of Mike Davis, Rick Brugge and Michael Lerner represented the seller in the transaction. The new owner selected the firm as the exclusive leasing agent for the property.
Outbox Self Storage Expands Portfolio in SC, NC
The company purchased a 100,000-rentable-square-foot facility in Mooresville, N.C., and plans to open a 564-unit development in South Carolina in spring.
ASB Fund Sells DC Trophy Building for $144M
Masaveu Real Estate US, an affiliate of internationally diversified Spanish conglomerate Corporacion Masaveu S.A., is the new owner of the 900 G St., N.W., office property in the city’s East End.
Prologis, Norges Buy 1, Sell More
The joint venture partners wrapped up the acquisition of a San Francisco-area industrial property and the disposition of a 3.1 million-square-foot national logistics portfolio, which was picked up by a Blackstone affiliate. Together, the transactions involved a total of $310 million.
Drake, Flagship Sells VA Medical Office Asset
The 72,255-square-foot, Class A medical office building was completed in 2008 and purchased by the previous owners in 2014 as a value-add opportunity.
CBRE Closes Sale of 51 KSF Retail Asset in CT
The 50,800-square-foot grocery-anchored property is located halfway between Westport and Fairfield town centers and is currently 95 percent leased.
REIT Gets SEC OK for St. Regis Aspen Resort IPO
Upon closing of the $33.5 million initial public offering, the company would become the first single-asset REIT to list on a U.S. securities exchange.
Transwestern Handles Sale of Denver Flex Property
The office and warehouse development in the High Pointe Business Center was built in 2001 and is fully occupied by a diverse mix of stable, industry-leading tenants including Eaton Corp., AimLock and Beabout Brock Easley.