Investment
Medical Device Manufacturer Building New Facility in SC
Arthrex intends to invest $30 million in its fourth U.S. plant. The new 200,000-square-foot facility in Sandy Springs is expected to create more than 1,000 jobs in the near future.
Daimler AG to Invest $1B in AL Mercedes-Benz Facility
The German automaker will produce electric SUVs under the EQ sub-brand by 2020. Plans also call for a global logistics center, an after-sales North American hub and an electric battery factory near the Tuscaloosa facility.
Palm Beach Office Building Commands $9M
The C&W team of Michael Osiecki and Mark Pateman represented the seller in the transaction, while Flagler Bank originated $6.9 million in acquisition financing.
Hankook Tire Opens $800M TN Plant
The Nashville-area facility is the company’s eighth factory worldwide. Built on 469 acres, the 1.5 million-square-foot development in Clarksville is expected to bring 1,800 jobs to the state.
Columbus Convention Center Debuts $140M Transformation
LMN Architects rehabilitated the 800,000-square-foot multi-building asset and also added 137,000 square feet of new space. The project anticipates LEED Silver certification.
Philly Creative Office Asset Trades for $29M
The 100,998-square-foot premier building previously served as a car dealership and a warehouse, until its conversion to office in 1982.
NJ Industrial Buy is Devli Group’s Latest
The complex includes approximately eight acres of excess developable land, offering the possibility to significantly increase the value of the asset.
Curio Collection by Hilton Reopens Iconic Dallas Hotel
The Statler, originally built in 1956 as one of Conrad Hilton’s first convention properties, underwent a $225 million redevelopment. The 19-story, 159-key hotel was relaunched by Centurion American Development Group.
Savanna Picks Up NYC Office Tower
The real estate company purchased 19 W. 44th St. from Deka Immobilien GmbH, and plans to invest more than $25 million in renovations at the 300,000-square-foot Midtown property.
Blackstone Affiliate Sells UT Retail Center for $33M
Newmark Knight Frank has completed the sale of Red Rock Commons, a 134,152-square-foot retail center in St. George, on behalf of Shopcore.