News
Stan Johnson Facilitates $3M Sale in Tampa Area
Joshua Pardue, James Ullrich, Michael Macchia and Greg Macchia represented the seller. The 9,276-square-foot retail asset in Bradenton, Fla., traded at a 7.25 percent cap rate.
Acadia Realty Trust Acquires FL Retail Center
Located within an opportunity zone, the 171,352-square-foot asset is the largest shopping center in Flagler County. An HFF team assisted the seller in the transaction.
Morning Calm Management Buys $84M Detroit Industrial Portfolio
The firm purchased the nine-property, 1.5 million-square-foot suburban portfolio from Promanas Group. The deal marks the company’s fourth acquisition in the area over the past year.
Spaces Takes 40 KSF in Atlanta Office Campus
The IWG-owned coworking firm signed up with CBRE Global Investors to occupy the eighth floor of a Class A building in the city’s Central Perimeter market.
Clayco Hires New CFO
James Havel has more than 40 years of experience having previously run the financial activities of companies such as Enterprise Financial Services Corp. and Express Scripts.
Work Begins on $180M Mixed-Use Project in KC
Drake Development broke ground on Streets of West Pryor, a 70-acre project that is set to include residential, hospitality and retail components.
Orange County Class A Office Building Changes Hands
An affiliate of Menlo Equities sold the 83,218-square-foot asset to Kingsbarn Realty Capital. The property was 90 percent occupied at the time of the sale.
Frankforter Group Buys 623 Units in Atlanta for $40M
The Canadian real estate investment firm has boosted its portfolio in the metro area by acquiring two properties built in the early 1970s, following the company’s first purchase in the Georgia capital last year.
National Asset Services to Manage OC Office Building
The 83,218-square-foot Foothill Corporate Centre features recently renovated lobby and common areas, with amenities such as touch screen communication control and an omnidirectional microphone system.
Flagship Healthcare Expands Charlotte Footprint
The investor’s $26.3 million acquisition includes six medical office buildings totaling more than 120,000 square feet in Cabarrus County.