Midwest
Hanley Investment, Greenstone Partners Arrange IL Retail Center Sale
The brokers worked on behalf of both parties. South Weber Plaza encompasses 28,600 square feet, spread across a 6-acre site in the Chicago area.
Quaker Distributing Signs Long-Term Lease at 800 KSF Facility
The Pizzuti Cos. has recently completed construction on Rickenbacker West I, a Class A facility located near Rickenbacker International Airport in Columbus, Ohio.
Somerset Properties Trades Milwaukee Office Portfolio
The six assets, which contain nearly 400,000 square feet, sold for close to $38 million. The seller purchased the buildings in 2012 as part of a $195 million portfolio deal.
Dual-Branded Marriott Opens in Knoxville
The Courtyard and Residence Inn Knoxville Downtown totals 232 keys and features joint amenities including a fitness center, meeting space and a terrace.
FD Stonewater Buys Nashville Office Asset
The Class B building traded for $17 million. The fully leased property last changed hands in 2014, for $16.5 million.
Nashville MetroCenter Office Changes Hands
Menlo Equities acquired the 107,000-square-foot, Class B asset for approximately $22 million—more than double the price the seller had paid in 2006.
Oxford Cos. Arranges MI Flex Building Deal
An Oxford-sponsored investment partnership, Grand Venture Associates, previously bought the Brighton building in 2007. At the time of sale, the asset was fully occupied.
Time Equities Buys Cleveland-Area Office Building
The company paid $7.6 million to PNC Bank—which was also a tenant in the building—in a transaction brokered by CBRE. The asset will be delivered fully vacant.
AbelsonTaylor Relocating to Chicago’s Old Post Office Building
The health and wellness advertising agency has entered a long-term lease with The 601W Cos. and will occupy nearly 85,000 square feet starting spring 2020.
GM, DTE Energy Sign Agreement for 300GwH of Wind Power
To date, 20 percent of GM’s global energy supply comes from renewable sources. The car manufacturer is a member of the Renewable Energy Buyers Alliance.