News
Orlando Office Tower Welcomes New Tenant
Franklin Street’s team of Yvonne Baker and Nicole Willerer represented the owner in the lease negotiations with Pipeline Workspaces. The tenant plans to move into the former Wells Fargo Tower in early 2018.
Philly Creative Office Asset Trades for $29M
The 100,998-square-foot premier building previously served as a car dealership and a warehouse, until its conversion to office in 1982.
NJ Industrial Buy is Devli Group’s Latest
The complex includes approximately eight acres of excess developable land, offering the possibility to significantly increase the value of the asset.
Merit Hill Snags 6-Property Self-Storage Portfolio
The six properties include 2,391 units and are located in Memphis, Tenn. and Northern Mississippi. Marcus & Millichap marketed the portfolio on behalf of the seller, Amsdell Cos., and procured the buyer.
Curio Collection by Hilton Reopens Iconic Dallas Hotel
The Statler, originally built in 1956 as one of Conrad Hilton’s first convention properties, underwent a $225 million redevelopment. The 19-story, 159-key hotel was relaunched by Centurion American Development Group.
Savanna Picks Up NYC Office Tower
The real estate company purchased 19 W. 44th St. from Deka Immobilien GmbH, and plans to invest more than $25 million in renovations at the 300,000-square-foot Midtown property.
Avison Young Hires Principal in St. Louis Office
Susan Finney, a specialist in office leasing, will focus on tenant and landlord representation and be in charge of expanding the company’s footprint in the St. Louis area.
NKF Arranges North San Diego HQ Lease
Working on behalf CIRE Equity, Newmark Knight Frank secured a 41,000-square-foot lease in San Diego. Lighthouse Strategies will move into the new location this December.
Blackstone Affiliate Sells UT Retail Center for $33M
Newmark Knight Frank has completed the sale of Red Rock Commons, a 134,152-square-foot retail center in St. George, on behalf of Shopcore.
SJP Properties Sells NJ Development Site
The site is situated within the five-building Somerset Corporate Center office campus in Bridgewater, N.J., and will house an upcoming AC Hotels by Marriott and a Zinburger Win & Burger Bar.