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In a newly released report, CBRE ranks Pennsylvania, and specifically the Lehigh Valley as the sixth largest cold storage market in the country with 213.5 million square feet of inventory. The state of New Jersey came in at number 10 with an inventory of 136.7 million square feet.
The largest recent transaction was with Silversmith Capital Partners, which signed a 26,000-square-foot lease at the 272,000-square-foot office building.
The 176-unit garden style multifamily development was sold by Nashville-based Carter-Haston. The deal for the property in Tampa's Bayshore submarket calculated out to a trade of $149,148 per unit.
The Opportunity Zone program is inspiring property owners that have held lower-quality assets with deferred maintenance to finally sell the assets, says Real Capital Analytics' Jim Costello.
Constructed in 2009 to serve as the U.S. headquarters of the Royal Bank of Scotland, the Class A trophy office building in Downtown Stamford is currently approximately 85% leased.