Capital improvement
SC Auto Dealership to Become Mixed-Use Property
A Lat Purser & Associates division is the new owner of the asset, which it plans to convert into 20,000 square feet of office and retail space.
Aztec Group Arranges $19M for Miramar Office Acquisition
Synovus Bank originated the five-year, fixed-rate loan on behalf of the new ownership, which plans to launch a rebranding and repositioning program at Miramar Financial Center.
Schnitzer West Acquires 2 Denver-Area Assets
The company plans to invest in upgrades to the 115 Inverness office property, by adding a conference facility and locker rooms.
Shorenstein Properties Pays $135M for Nashville High-Rise
Wells Fargo Bank provided the buyer of the 600,000-square-foot Class A office tower with more than $100 million in acquisition financing.
Northern Nashville Office Changes Hands
The Dilweg Cos. traded the nearly 166,000-square-foot Class B asset for more than $26 million, with Pinnacle Bank providing the buyer with acquisition financing.
Wheelock Street Capital Pays $112M for Nashville Office
SunTrust Bank provided the buyer of the recently renovated, nearly 436,000-square-foot Class A high-rise with roughly $72 million in acquisition financing.
Piedmont Sells DC Office Asset for $170M
The Class A, nine-story property’s tenant roster includes several government tenants. The previous owner renovated the building five years ago.
FRP Acquires Baltimore-Area Industrial Park
The company intends to perform capital improvements on the 270,000-square-foot Cranberry Run Business Park in Aberdeen, Md. The $6.3 million purchase is part of the firm’s new development strategy.
KBS Realty Signs JPMorgan Chase Lease Renewal in Dallas
The long-time tenant will continue to occupy nearly 42,000 square feet at Preston Commons, a three-building office park undergoing a $15 million improvement plan.
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.