News

The latest transactions, valued at $4 million, bring the total number of Gorjian's acquisitions in the last 12 months to 27 properties.

The company enters 2019 with a resilient focused growth platform and more profitable portfolio.

The transaction marks the fifth data center property acquisition in 15 months for CIM and 1547 Critical Systems Realty.

Many of the tenants at 100 Ryan Street are on-line, internet-related sales companies.

The deal for the portfolio secures the Boston-based firm gross proceeds of approximately $113.5 million. The properties are 100% leased to seven tenants. The portfolio was acquired by Exeter Property Group of Conshohocken, PA.

The company reported a net loss of $5.7 million, or $0.19 per diluted common share for the third quarter.

The company announced earlier this year its plan to sell all 26 of its American Golf-owned properties and expects to generate nearly $175 million in capital from the sales.

“Our focus within these zones will be the development of multi-family, industrial and self-storage assets along the I-95 corridor throughout the northeast,” says James Hanson II of The Hampshire Companies