CBRE
On the Market: 5 Interesting Listings for October
This month’s listings include a CVS Pharmacy store in Michigan, a vintage multifamily asset in Richmond, Va., and a recently renovated flex building in Miami.
Austin Office Lands Coworking Tenant
Spaces will be occupying 53,000 square feet of AFIAA’s 123,000-square-foot, Class A, five-story office building in the city’s central business district. This is the global coworking provider’s first Austin location.
CenterPoint Buys FL Distribution Facility
Located in Pompano Beach, the 778,816-square-foot property is 100 percent leased to Supervalu Wholesale. CBRE represented the seller in the deal.
Revamped Office Asset to Become Salesforce Tower Atlanta
A CBRE team assisted the ownership in closing several new leases, renewals and expansions, including a long-term deal with the computer-cloud giant.
Monmouth Buys NJ Industrial Asset for $85M
The company has acquired a 347,145-square-foot building in Trenton, upping its portfolio to 112 properties and approximately 21.5 million rentable square feet.
Fully Leased NJ Industrial Asset Lands $20M Financing
Principal Real Estate Investors provided the loan for Adler Development’s soon-to-be-completed warehouse situated along the Route 130 industrial corridor.
Inland Empire Shopping Center Commands $26M
CBRE has arranged Tarski Group’s acquisition of Heritage Plaza, a 119,000-square-foot retail center in Riverside, Calif., from a pair of Orange County developers.
Industrial Sector on Fire as Experts Brace for Change
Robotics, automation and more creative approaches to logistics centers are part of the new era in the country’s booming market.
Spaces Leases 47 KSF at UT Office Development
The flexible workspace company will move into the new space upon completion of Traverse Ridge Center III, in August 2019.
How Sears’ Bankruptcy Filing Will Influence Retail
While some malls may be hit hard, others will look to redevelop the anchor spaces with different uses, such as apartments, hotels, restaurants, offices and entertainment offerings.