News

Upon their acquisition of the Ballantine Industrial Center, Turnbridge and their investment partners immediately began a capital improvement program of more than $10 million aimed at creating a modern and flexible industrial property.

The firm, which offers cutting-edge workout bikes for indoor cycling as well as other fitness related instruments, has taken occupancy of the space and is utilizing its new facility as a warehouse/distribution and fulfillment center.

The properties were sold by Angelo Gordon of New York City and Commercial Florida Realty Partners.

Traff served as VP at Madison Marquette for the past eight years where she focused on the retail leasing of mixed-use lifestyle centers, grocery-anchored shopping centers and ground-up development.

DPR Construction has been retained as the final contractor for Phase Two of the development. The firm will construct three buildings for the project.

Woodforest National Bank created the Woodforest CEI-Boulos Opportunity Fund, a $20 million private real estate investment, targeting projects in the recently designated Opportunity Zones across its footprint.

Four Corners Property Trust has signed a definitive agreement for the purchase of 14 outparcel properties from PREIT for $29.9 million, priced at a 6.5% going-in cash cap rate, exclusive of transaction costs.

Rio shopping center in Gaithersburg, MD will utilize the loan to undergo property improvements.