Deals: archive
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9 stories
Related Ross paid $64M for North 40 office complex in Boca Raton
The 1984-vintage complex is 74 percent occupied and sits less than a mile from the 124-acre BRiC campus Related Ross bought about two months earlier.
Michelin North America buys 2M-square-foot Wilmington distribution site for $151M
Silver Creek Development sold the Wilmington property it bought for $126 million in 2021; Michelin already occupied the building.
Pine Tree buys SITE Centers sponsor stake in $644M retail portfolio
The 10-property, 3.5 million-square-foot portfolio spans nine states and is primarily grocery-anchored; terms were not disclosed.
Platinum Advisors and RBC Dev Company buy Chandler office campus for $30.5M
North Beacon Capital sold the 10-building campus at $253 per square foot; the buyers are pursuing an office-condo model.
Tokyo Tatemono agrees to sell 22.5% of two Otemachi towers for ¥32.8bn
Japan Prime Realty Investment Corp. is the buyer, and the price is about 9% below a ¥36.1bn appraisal with a 3.3% NOI yield.
Savills IM sells Zaragoza logistics portfolio to Atland off-market
The European Logistics Fund 2 sale covers two fully leased properties totalling about 834,200 sq ft, with the purchase price undisclosed.
BGO and Banner Property Group acquire 160,000-square-foot Opa-locka cold storage facility
JLL advised the seller and arranged acquisition financing; the purchase price was not disclosed.
PATRIZIA acquires 24 Lidl stores in France, Italy and Spain
The roughly 538,000-square-foot portfolio is fully leased to Lidl on consumer-price-linked leases.
Commercial Observer column forecasts more than 30% rise in NYC development site sales
A Chelsea site being marketed by the author's team drew more than 80 offers, with pricing about 15% above the high end of original expectations.
6 stories
Irvine sells One North Wacker to Ortega's Ponte Gadea for $550M
The buyer assumes a $353 million CMBS loan Irvine took out in 2021, and the price is about $11 million above Irvine's combined 2011 and 2015 purchase price.
Baron Properties buys seven-property Phoenix and Las Vegas warehouse portfolio
The 426,000-square-foot portfolio is fully leased to 11 regional and national occupiers, according to Connect CRE.
Brixton sells 664,100-square-foot Dow Texas Innovation Center to ExchangeRight REIT
Brixton took operating partnership units in ExchangeRight rather than cash, deferring taxes on a campus leased entirely to Dow Chemical.
EQT signs deal to acquire Stockbridge, adding $16.5B in fee-generating assets
The transaction covers 100% of Stockbridge's management company and GP entities; earlier reporting put the price at $375 million.
Phillips Edison pays $69.1M for Publix-anchored Oviedo center
The 168,532-square-foot Seminole County center is 96% occupied; JLL represented a seller joint venture that includes MCB Real Estate.
TMG Partners and KKR-managed accounts buy San Jose's Skyport Plaza for $75.5 million
The county lease is projected to start in the first quarter of 2029 and run through 2059, after TMG renovates the vacant former Qualcomm towers.
11 stories
TMG, KKR accounts buy San Jose's Skyport Plaza for $75.5M; TMG signs county lease
The County of Santa Clara's 30-year lease covers 393,000 square feet and is expected to begin in the first quarter of 2029 after renovations.
Sitex Group buys 343,000-sf South Brunswick warehouse leased to parcel tenant
Connect CRE reports the seller and sale price were not disclosed for the roughly 40-acre site about two miles from New Jersey Turnpike Exit 8A.
Keelbase Capital buys 80-unit Bellevue apartments with family-office equity
The Seattle firm says the prior capital structure was set in a different rate environment; no price was disclosed.
TruAmerica buys 446-unit Dunwoody apartments from Clark Ventures
The Oct. 15 preemptive purchase brings TruAmerica to 3,374 units in Atlanta, according to Multifamily Dive.
EQT to acquire Stockbridge Capital for up to $550 million
The deal includes $375 million in cash up front, with $175 million contingent over several years and a management equity rollover into EQT shares.
Hamilton, Clarion acquire Bridgestone plant for 1.5M-sf La Vergne industrial park
The 135-acre site at 1201 Bridgestone Parkway will hold 10 buildings, and demolition begins immediately, per Connect CRE.
Platinum Advisors venture buys Chandler Center Commons for $30.5M
The 120,516-square-foot, 10-building campus was 94.4% leased to 19 office and medical office tenants at the time of sale.
IOI Properties in exclusive talks for S$979m Singapore hotel and retail assets
The Malaysian developer is conducting due diligence on Chijmes and the Capitol Kempinski hotel, which Perennial Holdings has marketed at about S$600 million.
BKM and Kayne Anderson acquire 543,000-square-foot Orlando industrial portfolio
The four-property portfolio is 95 percent occupied and lifts BKM's Central Florida holdings to 13 properties and more than 1 million square feet.
Almanac Realty Investors and Priority Life Care JV acquires 479-unit Pennsylvania senior housing portfolio
JLL represented longtime owner ValStone Partners in the sale and arranged a five-year acquisition loan for the buyer, with no price disclosed.
Lincoln Property buys 1.1M SF Alpharetta industrial portfolio from Link Logistics
The ten-building, 100%-leased portfolio is the fourth acquisition in Lincoln Logistics Fund II; no purchase price was disclosed.
12 stories
Cushman & Wakefield hires CBRE's Doug Middleton to lead New York capital markets
Jack Stillwagon joins him as executive managing director; the role had been largely open since Adam Spies and Doug Harmon left for Newmark in 2023.
KBS sells Offices at Riverpark to Palisade and Olive Point joint venture
The five-story Redmond building was about 86 percent leased; Newmark advised the seller and arranged acquisition financing.
VanTrust sells newly built Ohio industrial facility to Realty Income
The 300,400-square-foot distribution center is fully leased to a technology and artificial intelligence company.
Logistics Property Co. buys $58M Romeoville warehouse for value-add venture
The 716,318-square-foot building on 34.4 acres in the I-55 corridor is fully leased and is the venture’s first acquisition, according to Connect CRE.
Hines acquires 539 apartments and Dallas Bishop Arts retail from Exxir
JLL Capital Markets arranged the sale for seller-developer Exxir; no price was disclosed.
Sierra Ridge pays $31M for fully leased Phoenix warehouse
Newmark arranged the sale of the 123,032-square-foot Southbank Business Park building after it was converted from office use and fully leased.
CBRE Investment Management buys planned 100-home Amsterdam rental project from You'RE Development
The former Klimhal Amsterdam site includes 94 midmarket rentals averaging about 646 square feet and nine ground-floor commercial units.
M&G European Living Property Fund buys 173 Paris apartments from Gecina for €67m
The off-market purchase is the fund's 10th investment and second in France.
Coastal Ridge and Brookfield acquire San Jose student tower for $204.75M
Marcus & Millichap represented AMCAL, Swenson and Tikehau Capital and procured the buyer for the 1,035-bed Grad San Jose.
Vastint and Hines JV buys Düsseldorf glassworks site for 1,700 homes
The 2.1 million-square-foot former Gerresheimer Glassworks site is slated for phased development with at least 80 percent residential floor area.
Daiken buys South Brisbane office from Forza for A$81m
The fully leased South Brisbane class A building is the Taiwanese digital health unit's first property investment in Australia.
EQT agrees to acquire Stockbridge for $375M, adding $16.5B in fee-generating assets
The deal covers 100% of Stockbridge's management company and GP entities and is expected to close in the first quarter of 2027.
2 stories
Related Beal and Freeport Equity buy Boston's Motor Mart Garage from CIM
Terms were not disclosed; Related Beal says it will keep operating the 1,037-stall garage and ground-floor retail.
Colliers finalizes $37M two-property Fallbrook apartment sale
The 133-unit Amberwood sold for $24.25 million and the 73-unit Rosewood for $12.4 million, according to Connect CRE.