Investment
SGPS Snaps Up Atlanta-Area Medical Office Portfolio
The strategic location and accessibility of the assets will help the new owner fill the properties’ remaining vacancies by attracting tenants focused on surgical and diagnostic specialty centers.
Mountain Development Grabs Premier Office Building in NJ
The firm has expanded its local footprint with the acquisition of a 170,000-square-foot, Class A office asset in New Providence, N.J. , which was previously owned by Pitcaim Properties.
Everest Snags $58M Medical Office Portfolio
The real estate company partnered with a major pension fund to acquire four properties in Sugar Land and Richmond, Texas.
Hines, Henderson Park Enter Hotel Market in Greece
The joint venture paid $37 million to acquire Athens Ledra Hotel, an eight-story, 315-key property at 115 Syngrou Ave. in central Athens.
B’More Self-Storage Project Lands Financing
The 993-unit self-storage project will be a conversion of a former textiles office and warehouse facility and is expected to be completed in the second quarter of 2018.
Missner Invests in Ill.-Based Corporate Grove Business Park
The company acquired a fully leased 121,000-square-foot industrial facility in Buffalo Grove, Ill., and plans to use it as investment property.
GS&P to Design $1B Nashville Yards
The 15-acre redevelopment project will transform The Music City’s urban core. The $1 billion Nashville Yards development will add more than four million square feet of entertainment, retail, office and residential space.
Summit Hotels Lands $53M Courtyard by Marriott in Charlotte
The acquisition marks the company’s first purchase in the Charlotte, N.C., market. Summit Hotels also entered into an agreement with OTO Development to manage the 118-key hotel.
Griffin Industrial Nabs First Charlotte-Area Property
The company purchased a 277,000-square-foot industrial building for $18.6 million. The Class A warehouse is currently 74 percent leased.
Tamarac Medical Office Trades in $4M Deal
CRE Florida Partners’ Michael Rauch and Tom Robertson worked on behalf of the seller, while City National Bank of Florida provided $2.9 million in acquisition financing.