News
One Lincoln Center Lands $21M in Financing
Meridian Capital Group secured the acquisition and repositioning loan on behalf of Zamir Equities, which purchased the tallest office tower in Syracuse for $25.3 million.
CV Acquires Charlotte Data Center for $16M
The asset features a desirable location for data center operations, due to the site’s low energy costs, abundant and reliable power and ease of accessibility.
Marshall Opens Grand River Hotel in Michigan
The seven-story hotel is an Ascend Hotel Collection member in Grand Rapids. The asset features 160 keys and is located one mile from downtown.
Westcore Expands NorCal Industrial Portfolio
The company has acquired a 277,500-square-foot industrial building in Stockton, Calif. for $14.4 million. This is Westcore’s second acquisition in the city in the past year.
Law Firm Renews, Extends Downtown Dallas Office Lease
Krage & Janvey LLP has signed a ten-year term, 14,000-square-foot lease. Mohr Partners Inc. represented the tenant, while Altschuler and Co. represented the owners.
Huckabee Relocates to Far North Dallas
The educational architectural and engineering firm has decided to move its regional office to Granite Park Five. Huckabee signed a 9,788-square-foot office lease. JLL negotiated the lease on behalf of the new tenant.
Dallas Flight Simulation Building Tops Off
McCarthy has topped off the first phase of a new development for Southwest Airlines. The two-building project comprises 800,000 square feet of space. When completed, the property will serve as the airline’s new office building and flight simulator center.
Sorenson Media Inks 61 KSF HQ Lease
Newmark Grubb ACRES has arranged a lease for the media company in Lehi, Utah. The building is part of a 1 million-square-foot project developed by Stack Real Estate.
One Crown Way in Philly Changes Hands
The asset was built in 1996 and it currently serves as headquarters for the seller, which will lease it back until its relocation.
CBRE Announces Three Promotions
The firm promoted David Gavin as senior vice president, Michael McCall as first vice president and Jacqueline Novotny as vice president. They will be based in the Westchester/ Fairfield office.