News
Chase Properties Expands Louisiana Retail Footprint
The company purchased Prien Lake Shopping Center, a 135,000-square-foot asset located in Lake Charles and anchored by Marshalls, Ross Dress for Less and Bed Bath & Beyond.
Atlanta Office Sells for $83M
The Brookdale Group, which acquired the nearly 280,000-square-foot Class A asset in 2015 for $53 million, renovated the property in 2016.
Texas’ Largest Energy Storage System Begins Operation
As it captures excess solar power, the lithium-ion structure has a capacity of 10MW/42MWh. That makes it the seventh largest nationally.
New York City’s Health System Lands $758M Lease
The largest public health care system in the nation signed a 25-year lease for more than 500,000 square feet of office space in the Financial District.
Greenwich Hospitality Group Acquires MI Resort for $23M
The new owner plans to spend two years and more than $10 million to upgrade and renovate the 179-key waterfront property.
EquiCap Commercial Sells WI Facility
The firm’s Self Storage Advisory Group arranged the sale of the self storage property located in West Allis, approximately 6 miles from downtown Milwaukee.
Phoenix Newspaper Headquarters Sells for $38M
The ViaWest Group acquired the Arizona Republic’s headquarters in the city’s central business district. Current tenants, all affiliates or spinoffs of Gannett, will remain at the property.
Portland Office Assets Change Hands
Tigard Corporate Center is comprised of two-story buildings totaling more than 120,000 square feet of Class A office space. The properties are fully leased to two tenants.
Hana Financial Acquires Frankfurt Office Property
Hines advised the firm in its purchase of Helix, a nearly 390,000-square-foot building located in Helfmann Park. The asset is currently leased to Commerzbank.
Kilroy Realty Sells LA-Area Office Park for $78M
The 225,000-square-foot campus encompasses two four-story buildings and a two-story building completed in 2000 and 2001. At closing, the asset was 96 percent occupied.