Investment
NFR Sells $40M Portland-Area Office Building
The sale marks the final transaction and investment exit of a 3.6 million-square-foot portfolio comprising 41 office and retail buildings located across nine states.
Kronos HQ in MA Trades for $12M
The property is situated along the busy Route 129 corridor and will serve as an administrative building for the buyer, Digital Federal Credit Union.
CBRE Brokers Sale of Nashville Suburb Landmark
The 28,357-square-foot historic bowling building in Madison, Tenn., traded for $2 million. CBC Ltd. sold the property to Frank May, a buyer represented by Benchmark Realty.
Stark Enterprises Enters NYC Market
In a joint venture with Sun Equity Partners, the firm purchased an asset leased long-term to Con Ed New York for $98 million.
Brandywine Breaks Ground on $3.5B Philly Project
The firm will begin construction on the first phase, which will comprise educational facilities, research laboratories, corporate offices and more. Brandywine is partnering with Drexel University on the master-planned project.
SOMA Office Building Commands $27M
Situated in a growing tech hub in San Francisco, 945 Bryant Street boasts open floor plates, 15-foot ceilings and plenty of natural light. The transaction is Bridgeton Holdings’ fifth in the city and second this year.
Midcoast Properties Brokers NC Self-Storage Facility Sale
The 20,000-square-foot, four-building asset, Alcom Mini Storage, is in Cherryville, N.C. Midcoast Properties represented the seller.
SoCal MOB Lands $25M Loan
The approximately 40,000-square-foot asset was subject to a fixed-rate construction loan. Keystone Mortgage Corporation will oversee financing.
TN Plastic Manufacturer Plans $42M Expansion
M&M Industries intends to expand its current Chattanooga plant and also acquire a new industrial building in the county. The investment is expected to create 110 new jobs.
ShopOne Enters CA Retail Market
The company acquired McKinley Crossroads, a 202,134-square-foot retail center in Corona, Calif. Plans include the renovation of the center.