News
Atlanta-Area Retail Portfolio Trades for $35M
The four properties are situated across Gwinnett, Henry and Clayton counties and have a combined occupancy of 92.5 percent. Retail Planning Corp. will handle leasing and management.
Duke Realty Secures Tenant for Chicago-Area Warehouse
Velky Brands will occupy half of the 2017-built speculative facility in Romeoville. Cushman & Wakefield represented the owner in this deal.
New Creative Office Building Going Up in NC
Childress Klein has begun construction on The Nexus, a 154,000-square-foot, six-story property within the Waverly community in south Charlotte.
Panattoni Developing 1 MSF Warehouse in Memphis
The firm, along with partner Mohr Capital, is developing the industrial facility, located at Panattoni’s 1,600-acre Gateway Global Logistics Center in Marshall County, Miss.
Northbridge Investment Nabs New Jersey Mid-Rise
HFF’s Investment Advisory team marketed the property on behalf of the seller, an institutional client, and procured the Canada-based buyer.
Charlottesville Retail Asset Changes Hands
Pantops Plaza Shopping Center is 100 percent leased to five long-term tenants, including Starbucks and Chipotle. Cushman & Wakefield | Thalhimer facilitated the transaction.
Mexican Investor Enters Pittsburgh Market
The Aztec Fund purchased a premier office building in Canonsburg, Penn., for $20.5 million. The asset is part of the only mixed-use campus in southwestern Pennsylvania.
Is Your Property Safe?
This month, CPE and Kingsley Associates ask tenants if they think their properties are secure, and what can be done to improve the safety situation.
Shared Space: Coworking’s Rising Star
Coworking represents a small yet growing segment of the office market. A study by Yardi Matrix of coworking leases in 20 major markets found 1,166 coworking sites with 26.9 million square feet of space.
United Pacific Sheds CA Office Asset in Sale-Leaseback Deal
The company sold the nearly 41,000-square-foot property for $15 million and signed a 10-year lease with the new owner, a Northern California-based company.