HFF
Transwestern JV Buys Seattle-Area Office Park
Equity Office Properties Trust sold Redmond Hilltop, a 178,769-square-foot office campus in Redmond, Wash., to a joint venture between Transwestern and Diversified International Partners.
NJ Shopping Center Receives $17M Financing
HFF secured the five-year, fixed-rate loan, which is accompanied by a $3.4 million construction line that will be used to fund capital and tenant improvements, as well as leasing commissions.
Apollo Commercial Provides $250M for Manhattan Office Project
The finance REIT’s loan is part of the $479 million construction financing package backing Cove Property Group’s Hudson Commons, a 700,000-square-foot office redevelopment and repositioning endeavor in the Hudson Yards/Penn Station submarket.
Manhattan Tower Lands $479M Construction Financing
Cove Property Group teamed up with an institutional partner to redevelop Hudson Commons into a 700,000-square-foot trophy office building. HFF arranged the loan through affiliates of Apollo Global Management.
JV Sells 27-Property Self-Storage Portfolio
HFF was tapped to market the 1.7 million-square-foot portfolio on behalf of the seller, a partnership between Westport Capital Partners and Store Here Management.
U.S. Realty Snags $57M CA Shopping Center
The 334,939-square-foot Murrieta Town Center, a value-add community shopping center in Murrieta, Calif., is currently 81 percent leased. HFF represented the seller in the transaction.
New Mountain Buys Dallas-Area Industrial Asset
Mohr Capital sold a 423,000-square-foot industrial facility in Denton, Texas, to New Mountain Capital. HFF represented the seller in the transaction.
OC Office Campus Lands $39M Financing
HFF arranged the loan for Menlo Equities’ Towne Centre, a 292,271-square-foot office campus in Foothill Ranch, Calif. The three-building property underwent renovations in 2015 and 2016.
EverWest Buys Seattle Industrial Portfolio
HFF facilitated the company’s purchase of the West Valley Distribution Center I, III and V in North Kent Valley, which total more than 138,000 square feet.
Chicago Office Park Changes Hands for $75M
HFF represented Principal Real Estate Investors in the sale of the five-building property in Lincolnshire, Ill., while Bradford Allen Investment Advisors handled the deal on behalf of the buyer.