International

Four of the U.S. Whirlpool sites are located in Ohio—Marion, Findlay, Ottawa and Clyde—and one is in Cleveland, TN. Two properties are in Fabriano, Italy.

CA International, the international division of CA Ventures, reports it will invest $325 million to expand the firm's multifamily and student housing presence in the Mexico cities of Monterrey, Mexico City and Merida.

Cross Roads Plaza is anchored by a 70,818-square-foot ShopRite, which makes-up 71% of the property's gross leasing area and 58% of the gross income. The grocer's lease term runs through 2024.

The deal for the more than 650,000-square-foot complex on 70 acres is expected to close in the second half of this year.

The financing will facilitate the construction of a 1.2-million-square-foot mixed-use tower, part of a 1.9-million-square-foot development that will feature office, residential condominium and retail space.

Separately, JLL reported that global commercial transaction volumes reached an all-time high of $800 billion in 2019, increasing 4% year-over-year.

Eliadis most recently served at Walgreen Co. for nine years in the real estate and finance divisions. His appointment follows the October 2019 hiring of CEO Joe Brady, who previously had served as divisional VP for real estate at Walgreen Co.

The 184,643 square-foot complex is presently 94% leased to a 38-tenant roster and has recently benefitted from common area upgrades and building improvements totaling nearly $5 million, according to Newmark Knight Frank.