Investment
NKF Brokers Sale of Boston-Area Retail Plaza
Cohasset Village Plaza is located south of Boston, along Route 3A, which connects several coastal communities along a highly trafficked retail corridor.
DC-Area Retail Asset Trades for $21M
Located in Bowie, Md., The Shoppes at Bowie Town Center is an 104,000-square-foot extension of a popular open-air center across the street and was built in 2004.
Equinix to Acquire Metronode for $792M
The company will add approximately 215,278 square feet of new colocation space. It plans to expand the new facilities, as well as take advantage of two subsea cables, both slated for completion in the first half of 2018.
San Antonio Medical Center Changes Ownership
The three-story, 42,000-square-foot medical facility was 95 percent leased to eight medical practices on triple-net leases.
Premier VA Office Tower Fetches $62M
PGIM Real Estate has sold One Global View in Herndon, Va., a 217,088-square-foot, ENERGY STAR-certified office building anchored by Airbus Group.
DHC Snags San Jose Holiday Inn Hotel
The new owner plans to complete a $15 million renovation of the Holiday Inn San Jose-Silicon Valley, a 354-key hotel located about one mile from San Jose International Airport.
HFF Brokers Grocery-Anchored Retail Sale in MD
Totaling 87,006 square feet, the North East Station shopping center is located between Philadelphia and Baltimore and anchored by Food Lion.
2nd Phase of Ballpark Village in St. Louis Breaks Ground
The 700,000-square-foot mixed-use development is planned to contain apartments, Class A office space, a hotel and street retail and is expected to open in 2020.
RLJ Sells Luxury Boston Hotel for $170M
The historic Fairmont Copley Plaza, which dates back to 1912, sold for $444,000 per key, representing a 4.6 percent cap rate on the hotel’s 2017 NOI.
Apple Manufacturing Fund Awards $390M in Texas
Finisar received the financing from the tech giant’s new $1 billion fund for the redevelopment of a 700,000-square-foot manufacturing plant in Sherman, where the optical communications components provider will produce high-tech vertical-cavity surface-emitting lasers.