Investment
Raw Material Manufacturer Expands to Central Ohio
Ohio Pack intends to invest $25.4 million in a new 135,000-square-foot plant in Heath, Ohio. The company will add 66 jobs over the next five years.
Heritage Hotels Adds the Inn and Spa at Loretto to its Portfolio
The hotel brand, specializing in culturally distinct hotels in New Mexico, acquired the 42-year-old resort in partnership with an investor group led by Randy Talbot.
Global Manufacturer Expands to NC with $13M Investment
The refrigerant packaging company selected Martin County for a new facility, which will provide the area with 31 new jobs. Salaries at Weitron Inc. will be about $4,000 more than the $28,000 annual average income of the county.
Terreno Adds 126 KSF Industrial Asset to Its NJ Portfolio
Terreno Realty Corp. recently acquired an industrial building that currently serves as corporate headquarters for DermaRite Industries LLC. The asset traded at a 5.3 percent cap rate.
Industrial Development Underway in Supply-Constrained Area
Daum Commercial arranged the sale of a 3.8-acre land parcel within the McInnes Ranch Business Park where E&E Trust plans to develop a warehouse distribution building.
HFF Lends a Hand in Orlando Hotel Deal
HFF secured a five-year acquisition and renovation loan on behalf of the new owner and represented the seller in the transaction of Holiday Inn Orlando SW – Celebration Area.
JLL Handles 1 MSF Maryland Redevelopment Listing
The firm is working on behalf of AEW Capital Management and Manekin Corp. to market the 60-acre logistics property along the Baltimore-Washington corridor.
Terreno Realty Acquires 1MSF South Bay Industrial Property
The 1989 property in Lynwood consists of three buildings just off Interstate 105 and is fully ground leased.
Invesco Buys Stake in Austin Office Tower
Third + Shoal, a 345,000-square-foot skyscraper currently rising at the site of the former Austin Music Hall, is scheduled for completion in the third quarter of 2018.
CBRE Completes Sale of Solana Beach Retail Center
The 54,973-square-foot coastal retail center changed hands for 33.3 million. Tenants include California Pizza Kitchen, Alfonso’s of La Jolla and Banfield Pet Hospital.