News
Marcus & Millichap Closes Sale of Mixed-Use Facility in Illinois
The 30,000-square-foot Option Care & Universal Hospital Services traded for $3.8 million. The facility comprises two units offering industrial and office space.
Olympic Metals Breaks Ground on $8M Mixed-Use Asset
The company is relocating its headquarters from Commerce City, Colo. to Centennial, Colo. The new 62,000-square-foot facility will be located near Denver Tech Center.
South Denver Office Campus Lands $66M Refi
JLL’s Capital Markets negotiated a $66 million loan for the refinancing of a 413,518-square-foot asset in Greenwood Village, Colo. The 10-year term loan features a 4.6 percent fixed interest rate and has a 30-year amortization schedule.
Arlington Retail Asset Changes Hands
A private investor sold an 87,900-square-foot, five-building shopping center in Arlington, Texas. Bill Jordan of Marcus & Millichap represented the seller and secured the buyer.
CBRE Leases Entire San Leandro Industrial Development
Wayfair and CEVA Freight have inked leases for the 163,000-square-foot property before its completion, as CBRE research points to a high demand for 32-foot clear height and ESFR sprinkler systems.
HFF Breathes $75M Into South SF Genesis Project
Phase 3 Real Estate Partners Inc. has secured the loan for the second phase of the life science campus, the construction of the North Tower, a 21-story, 390,000-square-foot building.
Scottsdale Galleria Coveted by Job-Creating Companies
Job site firm Indeed Inc. will open an office at the 537,110-square-foot building, creating up to 250 new jobs. Companies select the Scottsdale property for its access to talent, high quality of life and business-friendly environment.
Tysons’ 2000 Corporate Ridge Fetches $39M Financing
PCCP arranged the senior loan for the purchase and renovation of the 261,910-square-foot office property. The repositioning will include the addition of a fitness center and multiple modern conference rooms.
Phoenix-Area Shopping Center Fetches $23M
Sterling Org. acquired a 107,633-square-foot shopping center anchored by Safeway. The property’s high-profile tenants include The UPS Store, Nationwide Vision, GNC and FastFrame.
Miami-Area Industrial Asset Trades in $8M Deal
Cushman & Wakefield’s experts assisted the seller in the transaction and helped secure acquisition financing on behalf of the buyer, through a loan originated by Starwood Mortgage Capital.