Regions
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.
VanTrust Breaks Ground on Chandler Office Asset
Layton Construction Co. is developing the first phase of Chandler Corporate Center, a 114,000-square-foot office development in Chandler, Ariz. The property is scheduled for completion by June 2018.
Lerner Inks 23 KSF HQ Lease in VA
Cross Country Consulting will take up an entire floor at a premier office building located within Lerner’s Corporate Office Centre at Tysons II in Tysons, Va., the state’s largest office market.
Tech Company Service Express Expands MI Office
The tenant, tech company Service Express Inc., signed an agreement for approximately 60,000 square feet of office space at a campus in Grand Rapids, Mich.
Single-Tenant Net Lease Volumes Down in ’17
Deals in the sector totaled $12.5 billion in the second quarter and $9.8 billion in the third quarter as of Aug. 31, according to Real Capital Analytics data.
JV Lands $47M Loan for DC Office Portfolio
Coretrust Capital Partners and Normandy Real Estate Partners tapped HFF to secure financing for the 185,671-square-foot Reston Metro Center One & Two. The floating-rate loan was provided by AllianceBernstein.
Movie Theater Skepticism Breeds Net Lease Opportunity
Why movie theaters present an interesting net lease investment opportunity for those seeking concepts with long-term viability and higher yields, according to JLL Senior Vice President Matthew Berres and Associate Scott Bailey.