Investment
Downtown Atlanta Office Asset Commands $50M
The CBRE team of Justin Parsonnet, Jay O’Meara, Will Yowell and Ryan Reethof worked on behalf of the seller in the transaction.
Scannell Properties Nabs 18-Acre Parcel in North Charlotte
HFF facilitated the $1.5 million sale. Scannell plans to build a 150,000-square-foot industrial flex building on the site, which is located in a 2.6 million-square-foot, master-planned community.
AEW Sells Salt Lake City Industrial Asset for $37M
NKF Capital Markets brokered the off-market sale of the 426,866-square-foot facility, which is fully occupied by Metro Logics, a third-party medical logistics firm.
Pure Industrial Acquires Atlanta Warehouse
The Canadian REIT purchased Phase II of King Mill Distribution Park, a 760,256-square-foot property in McDonough, Ga., from a joint venture between Trammell Crow Co. and Allstate.
Bellomy & Co. Brokers 3 Self-Storage Transactions
The three transactions include the sale of two self-storage facilities and a self-storage development site. The assets are located in Houston, Austin and San Antonio.
CBRE Snags MD Mixed-Use Asset
The transit-oriented North Bethesda Market comprises nearly 183,000 square feet of retail and 411 apartments.
Penn Compression Expands Raleigh-Area Footprint
The manufacturer intends to invest $3 million in expanding the company’s Smithfield, N.C., operations by 30,000 square feet of space.
Devli Group Continues Acquisition Binge in NJ
The Hampshire Cos. sold the two-building flex industrial property located in Warren, N.J., in a sale brokered by Cushman & Wakefield.
NY Health Care Center Receives $24M Financing
Greystone provided the HUD-insured loan for The Willows at Ramapo Rehabilitation and Nursing Center, the largest subacute community in Rockland County.
IRET Sells MOB Portfolio for $368M
The disposition of the approximately 1 million-square-foot, 25-property collection of medical office buildings marks the company’s final step toward its transformation into a pure-play multifamily REIT.