Investment
NewMark Merrill Wraps Up Phase I of Crenshaw Plaza Redevelopment
In addition to completing the remodeling of part of the shopping center, the firm has secured a $34 million senior loan for the recapitalization of the project.
Grover Corlew Nabs 46-Acre Office Park in Booming Orlando
The new owner plans to improve and redevelop the 21-building property over the next decade.
JV to Deliver 367 KSF Industrial Park in Charlotte
By Laura Calugar Charlotte, N.C.—A partnership between real estate investment firms Foundry Commercial and Thackeray Partners recently announced the development of a 367,000-square-foot project in Charlotte’s Southwest submarket. The project will consist of two Class A warehouses, to be known as SteelePoint. The new industrial park will capitalize on dynamic market fundamentals, including single-digit vacancy, strong user demand and limited new supply. SteelePoint will be located near the intersection of Steele Creek Road and Westinghouse Boulevard. Foundry closed on four parcels totaling 25 acres from two different sellers, which will allow SteelePoint to offer access from both Steele Creek and…
Vivial Expands Dayton Operations
Following the expansion, the company plans to sell its SaaS Platform at the new outbound call center in order to address the growing demand for Vivial’s services.
Jernigan Capital JV Makes NC Self-Storage Investment
The 756-unit property will provide all climate-controlled storage in the rapidly growing Brier Creek community in Raleigh.
New U.S. Industrial Fund to Spend $1.5 Billion
GLP US Incomes Partners III will be seeded with a $1.1 billion portfolio from Hillwood.
Lingerfelt CommonWealth Nabs SC Office Towers
The Richmond-based company purchased One Liberty Square and Two Liberty Square, a pair of office towers in downtown Greenville.
GKN’s NC Facilities Get $179M Boost
The auto technologies manufacturer plans to add a total of 302 jobs in Alamance, Catawba, Lee, Maiden and Person counties.
Dalfen America Lands 450KSF Industrial Properties
Located in Cincinnati and the Minneapolis suburb of Rogers, the two assets were purchased for an undisclosed amount.
JV Acquires 2 Properties in SF Financial District
Kennedy Wilson and Takenaka Corp. acquired a 247,000-square-foot office tower and a 27,000-square-foot bank branch for $135 million.