JLL
JV Buys Minnesota Storage Portfolio
The portfolio includes two properties located in White Bear Lake and Lake Elmo, Minn. and totaling 153,000 square feet of storage space. JLL’s Capital Markets team arranged the sale of the facilities.
Grocery Stores Fuel Retail Industry
A JLL report unveiled that grocery-anchored shopping centers are a stable point in the transforming retail sector. Senior Vice President Greg Ferrante explains why embracing tech is not enough to be a successful grocer in 2018.
Tampa Office Building Bolsters Tenant Roster
Brighthouse Financial, a major provider of annuity and life insurance, will occupy roughly 20,700 square feet at The Dilweg Cos.’ four-story Tampa Oaks One.
Empire State Inks Full-Floor Lease at Manhattan Office Asset
The Nespresso brand will occupy 41,800 square feet at 111 W. 33rd St., which had its lobby, elevators and entryways recently renovated.
Distribution Realty, EverWest Plan Chicago-Area Spec Warehouse
The industrial property will contain nearly 200,000 square feet in Chicago’s O’Hare submarket. JLL’s Sam Durkin and Dominic Carbonari will market the asset.
Westport Capital Nabs WA Office Portfolio for $71M
Redstone Corporate Center I and II are located on the northern outskirts of Seattle, along Interstate 5.
601W Cos. Buys Chicago’s Sullivan Center Office Space for $176M
JLL’s Capital Markets group handled the sale and arranged acquisition financing for the New York City-based company, which purchased the property from a joint venture of KKR and Madison Capital.
Hines Appoints New Managing Director, Head of India Platform
Amit Diwan will be responsible for managing the expansion of the business by raising and deploying international and domestic capital into both commercial and residential developments.
Are Net-Leased Pharmacies Just What the Doctor Ordered?
While recent M&A activity has consolidated the players in the pharmacy space and created some unknowns, investors in the sector are still more surefooted than they’ve been in recent years, notes JLL Senior Vice President Peter Bauman.
JLL Adds 1.3 MSF to CA Management Portfolio
Cypress Equities purchased Burbank Town Center two years ago and Glendale Marketplace in 2013. The company invested $60 million in the renovation of the first retail asset.