Regions
Barclays Nabs Revitalized NJ Office Campus
Long-term tenant Barclays Capital acquired the three-building The Crossings at Jefferson Park in Whippany, N.J, from a joint venture. The complex underwent a three-year multimillion-dollar renovation and features The Powerhouse, an 11,000-square-foot, stand-alone amenities center.
HFF Secures $170M Refi for NoCal Retail Portfolio
The 33 triple-net-leased grocery retail assets in San Francisco Bay Area, Sacramento and the Central Valley are fully occupied under a master lease with The Save Mart Cos.
Int’l Recruitment Firm Coming to Philly
Frank Recruitment Group will occupy 21,300 square feet of space at 1801 Market St. where it will establish its regional Pennsylvania headquarters. The company will create 250 jobs for the new office.
Economy Watch: Americans Generally Optimistic About Economy
A new Pew Research Center report reveals that nearly six in 10 Americans believe the current economic situation is good, which bodes well for commercial leasing. However, the same participants weren’t as optimistic about future prospects.
Greysteel Expands in Denver
To accommodate their growth throughout the country, Greysteel opened its first Colorado office, in Denver. The company hired Ryan Floyd as a senior director and Scott Whitfields as a director.
Westwood Sells Phoenix-Area Retail Center
Tatum Plaza, a retail center shadow-anchored by Fry’s Food & Drugs, traded for $9.5 million. Westwood acquired the property in 2014 and increased the asset’s net operating income by filling the center with high-profile tenants.
Co-Working Company Opens First Philly Office
The Amsterdam-based firm Spaces signed a 37,735-square-foot lease at the recently restored Hale Building. CBRE acted on behalf of the tenant, while the owner was represented in-house.
Leasing Starts at Clarion’s Suburban Philly Office Building
The Class A asset is located at 1475 Dunwoody Drive in West Chester, Pa. and is now opening its doors to new tenants for the first time since its completion in 1999.
York Breaks Ground on $100M Bronx Studio
Michaelangelo Campus will sprout up on a long-vacant, 10-acre site in the Soundview area of the borough, strengthening its image as a destination for film and media.
German Fund Enters US Market With Boston Buy
The fund was advised by Northwood Investors. Newmark Knight Franks Boston-based debt team oversaw financing for the transaction and NKF has also been retained as the exclusive leasing and management arm for the property.