Investment
Washington REIT Buys One, Sells One in Metro DC
The REIT agreed to acquire an office building in Arlington, Va., and inked a letter of intent to sell another in Washington, D.C.
Jernigan Brings Annual Investments to $409M
The company has closed the year with two investments totaling $26.2 million. The two facilities are located in the Northeast U.S., one near Boston and the other in Hackensack, N.J.
C&W Brokers St. Petersburg Office Sale
The team of Senior Director Wendy Giffin, Executive Director Rick Brugge, Vice Chairman Mike Davis and Executive Director Michael Lerner represented the seller in the transaction.
AEW, MRP Land $26M Bronx Industrial Complex
The facilities, which total 120,000 square feet of warehouse and distribution space, also benefit from a strategic location in the Hunts Point neighborhood.
Tri-County Business Park Fetches $40M in Tampa Bay
Cushman & Wakefield brokered the sale of the 675,735-square-foot facility on behalf of True North Management Group, at which time the asset was 75 percent leased.
Terreno Sells $11.5M Industrial Asset in Baltimore Area
The Jessup property previously changed hands in March 2011, when the California-based company shelled out $5.8 million, less than the $6.9 million it traded for in 2005.
Calare Grabs CT Industrial Property
The 175,000-square-foot warehouse was renovated in 2002 and is located roughly halfway between New York City and Providence, offering immediate access to the Interstate 91 corridor.
TD Bank’s Hugh Allen Names Hot Southeast Zip Codes
Atlanta, Charlotte, N.C., and Charleston, S.C., are among the most popular metros for commercial real estate growth and expansion, according to TD Bank’s regional director of CRE for the Carolinas.
Driftwood Buys 231-Key Dallas Lakefront Hotel
The five-story Hilton is located in The Harbor mixed-use development on Lake Ray Hubbard. TRC Capital Partners was the seller.
Bridge Office Sells 460 KSF Metro Atlanta Complex
The company sold Parkway Center to The Simpson Group after raising its lease level from 54 to 97 percent since acquiring the Marietta, Ga., asset in 2014.