Marcus & Millichap
On the Market: 5 Interesting Listings for October
This month’s listings include a charming 1928-built dinner theater in Connecticut and a stately U.S. Bank building in one of Illinois’ wealthiest towns.
Merit Hill Snags 6-Property Self-Storage Portfolio
The six properties include 2,391 units and are located in Memphis, Tenn. and Northern Mississippi. Marcus & Millichap marketed the portfolio on behalf of the seller, Amsdell Cos., and procured the buyer.
MCR Buys 2 Salt Lake City Marriott Hotels
The company has purchased the 97-key Marriott Courtyard Lehi and 94-key Marriott SpringHill Suites Lehi for a combined $27.5 million.
Moody Closes National REITs Merger
Worth more than $450 million, the combined portfolio now includes 14 hotel properties with premier brands, most of which are located in Texas.
Barnett Capital Sells 2 MSF Industrial Portfolio
Located predominantly in the Midwest, the properties netted Barnett Capital $84 million, a tidy sum for snapping up assets in the Chicago area, the company’s target market.
Meridian Buys AZ Medical Center for $5M
The historic Lois Grunow Memorial Clinic in Phoenix traded for $5 million in a deal brokered by Avison Young. Meridian plans to re-tenant the property and make it ADA-compliant.
Marcus & Millichap Expands Chicago Downtown Office
The company added 6,000 square feet of space to its office at 333 W. Wacker Drive and is currently enlarging its Oak Brook team.
Marcus & Millichap Closes Retail Sale in Atlanta Area
The company’s retail group brokered the $8.6 million transaction of a Class A asset located in Dunwoody, some 20 minutes away from downtown.
Omega Healthcare to Invest $190M in SNF Portfolio
The company has reinforced its status as the nation’s largest owner of post-acute care facilities with the acquisition of 15 Indiana properties, which were leased to an existing operator.
George Smith Adds 2 VPs
Allison Weiss will oversee recruitment nationwide, while Dana Light will focus on researching responsible lenders and lending programs, as well as event management.