Investment
German Auto Supplier to Enter SC
bo parts GmbH intends to build a 60,000-square-foot production facility in Greer. The $4.1 million investment is projected to create 100 new jobs by 2022.
Binswanger Arranges Sale of 158 KSF Industrial Property
The Town of Double Springs, Ala., purchased the 19-acre site in order to assist with industrial recruitment and job creation for the area.
SSGT Invests in Massachusetts
The 840-unit self-storage facility in Nantucket is 91 percent leased and is one of a host of assets the REIT has snapped up across the U.S. this year.
Hilton Hotel to Join NC Mixed-Use Project
Aston Properties traded a two-acre site at Biltmore Station for the development of a Home2 Suites by Hilton hotel in Asheville, N.C. Baywood Hotels intends to start construction this year.
Stonemont Buys $1.3B Net Lease Portfolio
CBRE Capital Markets arranged the transaction on behalf of the seller, Oak Street Real Estate Capital, and secured $1.1 billion in acquisition financing for Stonemont. The deal encompasses 100 assets in 20 states.
JLL Brokers Sale of 45-Acre Orlando Site
Exeter Property Group purchased the land for $8.4 million, with plans to begin speculative construction of a large distribution center in Orlando’s Airport submarket.
Gramercy to Launch E-Commerce JV, Make Large Logistics Buy
With this deal, the company’s 2017 investment volume will hit $998 million. It currently has an additional $386 million of acquisitions awarded or under contract.
Phillips Edison Adds 600 KSF to Its REITs
Acting on behalf of its two real estate investment trusts, the company acquired six grocery-anchored properties in various transactions.
Sacramento-Area Walmart Central Trades for $40M
Nazareth Enterprises Inc. surpassed the $100 million mark in acquisitions in the third quarter with the purchase of the 139,277-square-foot asset in Folsom, Calif.
KBS Nabs 2 Class A Offices in Oakland City Center
NKF represented the sellers, Rubicon Point Partners and Canyon Partners Real Estate LLC. The assets total 367,357 square feet and are currently 92 percent occupied.