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SPARTANSBURG, SC— Real Estate Capital Partners and IVG Institutional Funds have sold the Adidas U.S. Distribution Center here, a 1.9-million-square-foot, state-of-the art distribution campus.
GREENVLLE, SC—Hotelier Starwood Hotels & Resorts Worldwide, Inc. reports it plans to open its second Aloft branded hotel in South Carolina here in early 2015.
WILMINGTON, DE—Navient, the new loan management, servicing and asset recovery company to launch later this year, has leased 40,000 square feet of office space on the Wilmington waterfront to serve as its corporate headquarters.
WASHINGTON, DC—The JBG Cos. have sold the two-building TechWorld office complex across the street from the Washington Convention Center to Bethesda, MD-based The Meridian Group.
BOSTON—A joint venture of New York City-based Rockefeller Group Investment Management Corp. and Mitsubishi Estate New York has acquired the 28 State St. office tower here from Blackstone for an undisclosed price.
CHESHIRE, CT—Tanger Factory Outlet Centers, Inc., and WS Development say they plan to build a 510,000-square-foot outlet center on property at the northwest quadrant of the I-691 and the Route 10 interchange here.
MORROW, GA—Los Angeles-based Vintage Real Estate has acquired the 1-million-square-foot foreclosed Southlake Mall here. The firm says it has immediate plans to undertake significant capital investments to bring in new tenants and restaurants and upgrade the common areas.
FORT LAUDERDALE, FL—Locally-based Stiles Construction and Stiles Architectural Group and Gunther Motor Co. intend to break ground on a new Gunther Kia dealership here on April 24.