PNC Bank
Baltimore Retail Center Trades for $16M
The 129,242-square foot Governors Commons was 100 percent leased at the time of sale. The asset is close to both Interstate 97 and Arundel Expressway.
Harbor Buys Suburban L.A. Office Park for $48M
The 213,500-square-foot Encino Office Park in Encino takes the company one step closer toward its goal of acquiring $250 million in suburban Southern California properties over the next 12 months.
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.
Time Equities Buys Cleveland-Area Office Building
The company paid $7.6 million to PNC Bank—which was also a tenant in the building—in a transaction brokered by CBRE. The asset will be delivered fully vacant.
Harbor Associates, Ascentris Acquire San Diego Office Property
The Class A Pinnacle comprises 110,110 square feet across five stories and was purchased from BioMed Realty for $31.2 million.
Lee Harvard Shopping Center in Cleveland Trades for $13M
Arnold J. Eisenberg Inc. facilitated the sale of the 190,000-square-foot retail asset on behalf of the seller, Excelsior Capital Partners.
HFF Arranges $160M Sale, Loan for Philly Office Tower
Acting on behalf of Equity Commonwealth, the firm arranged the disposition of the 826,000-square-foot building at 1600 Market St., and secured acquisition financing for the buyer, an affiliate of American Real Estate Partners.
AANP Breaks Ground on Texas HQ
The organization plans to occupy most of the three-story building and lease space on the first floor to other tenants.
Divaris Arranges Sale of Historic Annapolis Building
In addition to facilitating the $2.3 million deal, the company also completed a lease negotiation in Arlington, Va. Divaris’ leasing and management portfolio in the Mid-Atlantic and South-Central U.S. exceeds 30 million square feet.
Chicago PNC Bank Changes Hands for $4 Million
The buyer, a Canadian investment group, paid almost full price for the 7,500-square foot asset located in North Side Chicago. Marcus & Millichap negotiated the transaction on behalf of both parties involved.
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