Investment
Honeywell Opens $300M Facility In Louisiana
The new plant will enable the company to manufacture next-generation auto air-conditioning refrigerant. The facility marks the fourth Honeywell site in Louisiana.
Griffin Capital Acquires Part Of Indianapolis Office Campus
The transaction price for the 133,400-square-foot, Class A office building was $29 million. The facility is one of three properties making up Midcontinent Independent System Operator Inc.’s headquarters and is fully leased for the next 11 years.
CBRE Closes Sale of Ft. Lauderdale-Area Retail Asset
Advance Auto Parts has been operating at the location for the past 25 years and has recently signed a 10-year lease renewal.
HBW Group Completes Sale of Rockville Asset
ProMark Real Estate Services purchased the 37-year-old, 101,000-square-foot office building and has renovations planned for the property.
Boston’s Newmarket Center Trades for $9M
HFF arranged the sale of the recently redeveloped 55,000-square-foot office building situated in the city’s Roxbury submarket. Prior to the sale, the asset served as a warehouse. It last changed hands in 2013 for $1.27 million.
Griffin Partners’ New Office Fund Buys Houston Asset
The acquisition of the boutique office building at 520 Post Oak Blvd. marks the fund’s third investment since its inception in mid-2016.
1031 Exchanges: To Be or Not to Be Eliminated?
The pressure to reduce rates and find revenue offsets has put 1031 exchanges on the chopping block as part of the Trump administration’s potential tax reform. But some experts believe that the likelihood of a repeal is low.
Seymour Hills Wind Farm to Power Akamai Technologies
The 80-megawatt wind farm will consist of 38 wind turbines across 8,000 acres and will begin operations in 2018. The facility’s clean energy will be used to power Akamai’s data center operations in Texas.
Marcus & Millichap Arranges Sale of Columbus Retail Center
Northland Plaza, located just 11 miles north of downtown Columbus and The Ohio State University, sold for $4.5 million to a private buyer, after less than one week of bidding offers.
Atlanta Mixed-Use Property Sells for $21M
The nine-building asset, which encompasses office, showroom, retail and warehouse space, is located along a strong office and retail corridor in the metro’s North Fulton submarket.