Investment
Dilweg Cos. Snaps Up Tampa Office Portfolio
HFF marketed the assets on behalf of the seller and assisted the buyer in placing the floating-rate acquisition financing originated by a public real estate investment trust.
Faris Lee Arranges $13M LA-Area Starbucks, CVS Sale
The sale price represented a cap rate of around 4.7 percent, which is the lowest for two freestanding pads sold in Southern California in 2017.
Mane USA Finds New Home in NJ
The French fragrance and flavor firm acquired a 102,000-square-foot building in Parsippany, N.J. from Prism Capital Partners and The Davis Cos. The firm plans to relocate there from its headquarters in Wayne, N.J.
JCR Capital Launches Fourth Fund
Fund IV will focus on middle-market properties valued at $50 million or less in the multifamily, industrial and office sectors, as well as some retail.
Terreno Nabs $25M South Bay Industrial Asset
The 114,000-square-foot building in Gardena, Calif., is managed by CBRE and is fully leased to one tenant, GOH Express.
Friedman Brokers Sale of 2 Illinois Office Buildings
The properties total 53,226 square feet of space and are located in the Eastern East/West Corridor submarket, less than 20 miles from Chicago’s CBD.
Kennedy Wilson Buys Big in Seattle
Constructed between 1999 and 2001, 90 East consists of three Class A buildings situated on a 20-acre site in the greater Bellevue area. The property is currently 100 percent leased.
Amazon to Open First Alabama Hub
The retailer will invest $30 million in a 362,000-square-foot sortation center in Mobile. The facility will create more than 360 part-time jobs.
Fort Lauderdale-Area Medical Office Campus Trades for $6M
Cushman & Wakefield facilitated the transaction and procured a long-term lease prior to the sale, securing an enhanced return for the seller.
Watumull Acquires Denver Office Campus for $18M
The company purchased Clear Creek Business Center from Etkin Johnson Real Estate Partners. The business park comprises eight, single-story buildings and is currently 95 percent occupied.