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The sellers of the eight net-leased retail properties were a New York City-based partnership led by Soly Halabi and Joseph Simhon.
The partnership purchased 600 Columbus Ave. from its original developer and owner for $120 million.
Properties total 153,294 square feet situated on 9.85 acres
Fully leased project includes interstate-facing warehouse and industrial outdoor storage
The 124-unit property is located near Old Town Scottsdale, AZ
Restaurants spread across Tennessee, Indiana, Kentucky, and Ohio
It plans to convert the office building into 300 residential units.
The 359,800 square foot project is scheduled to break ground in September.
The platform includes the recapitalization of an existing, $1.8-billion, 173-property portfolio.
The portfolio includes a mix of storage sites that enable the movement of freight through the supply chain.
