Investment
Covington Lands 800 KSF Industrial Portfolio
The Dallas-based company purchased a 500,625-square-foot warehouse and distribution facility in Columbus, Ohio, and a 300,000-square-foot facility in Baltimore. The buyer plans to make improvements to the buildings.
Orlando Hotel Commands $206M
Xenia Hotels & Resorts Inc. snagged the valuable Hyatt asset in the heart of the top destination for U.S. tourism and job growth.
Skanska Plans $51M Office Development in Poland
The first phase of the Brama Miasta complex in Lodz, Poland, will include the development of a 15-story building with 296,000 square feet of office space and two levels of underground parking.
UPS Opens New Facility in Poland
The investment is part of a $2 billion expansion program in Europe which UPS launched at the end of 2016.
CV Acquires Charlotte Data Center for $16M
The asset features a desirable location for data center operations, due to the site’s low energy costs, abundant and reliable power and ease of accessibility.
Marshall Opens Grand River Hotel in Michigan
The seven-story hotel is an Ascend Hotel Collection member in Grand Rapids. The asset features 160 keys and is located one mile from downtown.
Westcore Expands NorCal Industrial Portfolio
The company has acquired a 277,500-square-foot industrial building in Stockton, Calif. for $14.4 million. This is Westcore’s second acquisition in the city in the past year.
One Crown Way in Philly Changes Hands
The asset was built in 1996 and it currently serves as headquarters for the seller, which will lease it back until its relocation.
Kennedy Wilson Fund Grabs $144M Office Campus
The two-building, 437,000-square-foot Glendale property is 88 percent leased to 21 tenants including Cigna, also serving as the headquarters for DineEquity and Learner’s Digest International.
Switch Unveils $2.5B ATL Data Center Investment
The Keep, which is expected to be fully powered by green energy, will serve as a hub for the Southeastern U.S. market.