News
C&W Atlanta Appoints Office Tenant Advisory Lead
Lawrence Gellerstedt is one of the firm’s youngest leaders, bringing experience in equity, debt and structured finance in the office, industrial and multifamily sectors.
Starlight Acquires Two Office Buildings in Canada
The company entered a joint venture with a European investor to purchase two value-add buildings in Mississauga, Ont., totaling 200,000 square feet.
Aston Properties Inks Lease in Charleston
T-Mobile’s new customer care center, a former Kmart store that closed in March, is expected to ultimately hold 1,200 employees.
Friedman Negotiates Michigan Retail Property Acquisition
Noble Applliance LLC bought the 10,992-square-foot asset from Kemerko Clawson LLC. Mike Koeningbauer, Friedman’s vice president, represented the buyer in the transaction.
JLL Brokers $18M Sale of Phoenix Industrial Asset
Continued confidence in the local industrial market has prompted Colony Northstar’s acquisition of Phoenix Logistics Center from Overton Moore Properties and PCCP LLC.
Gehr Hospitality Nabs Four Points by Sheraton, Charlotte
BMO Harris Bank financed the acquisition. Real Hospitality Group will manage the 132-key property, which is set to undergo a significant renovation.
Downtown Phoenix Office Building Lands $51M Financing
HFF secured the three-year, floating-rate loan for U.S. Bank Center, a 360,000-square-foot high-rise building. Completed in 1976 and renovated in 2013, the property is 63 percent occupied.
Boulder Group Arranges Sale of Medical Facility
A West Coast real estate investor paid $1.9 million to acquire the Fresenius Medical Care center in Enola, Pa., from a Northeastern private partnership.
Savills Studley Inks 60 KSF Atlanta-Area Office Lease
Starting January 2018, Hodges-Mace will relocate its headquarters to Building E within the Lakeside Office Park in Sandy Springs, Ga.