Retail
Sutton, SL Green JV Nabs 49 KSF in Times Square for $136.6M
After securing rights to the fee interest in 1552 Broadway in Manhattan’s Midtown market earlier this year, a joint venture of SL Green Realty Corp. and Jeff Sutton announced that it has entered into a 70-year leasehold at the adjacent 1560 Broadway for $136.6 million.
AEW Capital Spends $43M on Two Metro Atlanta Retail Centers
In a deal orchestrated by Holliday Fenoglio Fowler, AEW Capital Management purchased two Atlanta-area grocery-anchored properties from LaSalle Investment Management for $43.2 million.
PREI Purchases Commercial Area of 31-Story NYC High-Rise
Prudential Real Estate Investors has purchased the commercial portion of The Laurel, a 31-story, Class A mixed-use building on the Upper East Side.
90-Property, $90M HSBC Commercial Portfolio Sale Biggest in Mexico This Year
With the assistance of commercial real estate services firm Jones Lang LaSalle, HSBC has sold a group of 90 bank branches and regional corporate offices in Mexico in a $90 million sale-leaseback deal.
Glimcher, DDR Swap $80M, $139M Assets in Columbus, Kansas City
In an interesting move, Glimcher is selling the Columbus, Ohio-based Polaris Towne Center for approximately $80 million, and DDR is unloading the Town Center Plaza in Kansas City for around $139 million – with the buyers being each other.
George Smith Partners Completes $34M in Refis Across Two Properties
Commercial real estate banking firm George Smith Partners has arranged more than $34 million in debt to refinance two retail centers — located in California and Nevada — at what the company calls “exceptionally attractive terms.”
Atlanta’s Englewood Retail District Sells for $82M
In a move that will bolster the Atlanta retail scene, an affiliate of North American Development Group has paid $81.7 million for the Edgewood Retail District, a regional shopping center two miles east of downtown Atlanta.
Transwestern Wins Two Service Contracts for 5.1 MSF in San Fran Bay Area
Transwestern has secured two assignments from Westcore Properties and USAA Real Estate Co. involving an aggregate 5.1 million square feet of properties in the San Francisco Bay area.
JLL Tapped for KeyCorp’s Greening Initiatives
Hot off the heels of achieving LEED Gold for the Sunnyvale, Calif., headquarters of search giant Yahoo, Jones Lang LaSalle has been tapped to serve as climate-and-energy-sustainability advisor for Cleveland-based KeyCorp.
Cole Grabs 11 PetSmart Properties for $74M
After purchasing the PetSmart headquarters in Phoenix last week for $102 million, Cole Real Estate has added 11 PetSmart store properties to its portfolio for a purchase price of $74 million.