West
Mega-Reuse Project Moves Forward in LA
HFF worked on behalf of Atlas Capital and Square Mile to orchestrate a partial sale and refinancing for Row DTLA, a 1.8 million-square-foot redevelopment of a former industrial site in the Arts District.
Phoenix Offices Trade for $82M
JLL worked on behalf of TR Camelback Corp. to secure the sale of two office buildings in the heart of the Camelback Corridor. Goldman Sachs’s subsidiary Archon Acquisition purchased both properties.
Olympic Metals Breaks Ground on $8M Mixed-Use Asset
The company is relocating its headquarters from Commerce City, Colo. to Centennial, Colo. The new 62,000-square-foot facility will be located near Denver Tech Center.
South Denver Office Campus Lands $66M Refi
JLL’s Capital Markets negotiated a $66 million loan for the refinancing of a 413,518-square-foot asset in Greenwood Village, Colo. The 10-year term loan features a 4.6 percent fixed interest rate and has a 30-year amortization schedule.
CBRE Leases Entire San Leandro Industrial Development
Wayfair and CEVA Freight have inked leases for the 163,000-square-foot property before its completion, as CBRE research points to a high demand for 32-foot clear height and ESFR sprinkler systems.
HFF Breathes $75M Into South SF Genesis Project
Phase 3 Real Estate Partners Inc. has secured the loan for the second phase of the life science campus, the construction of the North Tower, a 21-story, 390,000-square-foot building.
Scottsdale Galleria Coveted by Job-Creating Companies
Job site firm Indeed Inc. will open an office at the 537,110-square-foot building, creating up to 250 new jobs. Companies select the Scottsdale property for its access to talent, high quality of life and business-friendly environment.
Phoenix-Area Shopping Center Fetches $23M
Sterling Org. acquired a 107,633-square-foot shopping center anchored by Safeway. The property’s high-profile tenants include The UPS Store, Nationwide Vision, GNC and FastFrame.
NAI Seals OC’s Largest Single-Tenant Deal in 25 Years
The company represented J.C. Penney Properties Inc. in the $131.3 million sale and short-term leaseback of their distribution center in Buena Park, Calif., which spans more than 1 million square feet.
Greater LA Retail Center Lands $125M Refi
Federal Realty is using the loan for Plaza El Segundo, a 380,558-square-foot shopping mall comprising 13 buildings in the South Bay community.