Investment
Griffin Sells DreamWorks Animation HQ for $290M
Newmark Knight Frank represented the seller but also arranged the financing for the buyer, LA Hana OW LLC, an entity of Hana Asset Management and Ocean West. The property is 100 percent triple-net leased through 2035 to the studio.
JV Buys FedEx Office Headquarters in Metro Dallas
A nearly $80 million purchase got PRP and AXA Investment Managers – Real Assets a fully leased building in the still-growing Legacy West project. The seller was KDC Real Estate Developments & Investments.
Kimco to Build $110M Shopping Center in Baltimore Area
The company will erect the 575,000-square-foot Mill Station on the land that had been home to the now-demolished Owings Mills Mall.
Mainstreet To Acquire CareIT Portfolio for $425M
A partnership between Mainstreet and Tiptree is set to purchase CareIT’s portfolio. The properties include 42 senior living communities and health-care facilities.
JLL Brokers Montreal Self-Storage Portfolio Sale
The Canada facilities, totaling nearly 169,000 square feet and featuring more than 1,300 climate-controlled units, were acquired by Montreal Mini-Storage Group.
480-Unit Lone Star State Self-Storage Facility Changes Hands
The Texas City property is strategically situated near Emmett F. Lowry Expressway, a major transit corridor. Strategic Storage Trust IV was the buyer.
103 KSF Industrial Asset Trades in Greater Boston
Calare Properties has acquired a vacant building in Canton, Mass., and is planning to implement a capital improvements program to bring the asset to market standards. JLL will spearhead leasing efforts.
Banyan Grabs Miami Office Asset in $33M Deal
The new owner plans to invest in capital improvements and modernize the property through a series of upgrades to the building lobby, elevator and common areas.
Steel Manufacturer to Invest $250M in MO Mill
Nucor Corp. intends to build a rebar micro mill in Sedalia, Mo. The investment is expected to generate 255 jobs once the facility is operational.
Lingerfelt Acquires Norfolk Waterside Marriott
The company purchased the 405-key hotel and plans on implementing a $25 million renovation program. CommonWealth Lodging Management, Lingerfelt’s hotel management affiliate, will operate the hotel.