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The store's 25,000-square-foot lease is a “slam-dunk” with its new concept in retail, says Craig Deitelzweig, CEO of Marx Realty which owns and manages the property.

The broadcast company is staying in its Midtown South location owned by George Comfort & Sons, Jamestown Properties and Loeb Partners.

Washington DC-area developer Renaissance has built thousands of single-family and multifamily homes throughout Northern Virginia.

The fund, structured as a REIT under a 506(c) designation, is an evergreen fund focusing on 75% value-add, and 25% cash-flowing commercial real estate investments in primarily Western growth markets, including but not limited to Colorado, Utah, Texas, Arizona, New Mexico and California.

The Greenleaf Center Portfolio consists of 13 medical office buildings clustered around a high traffic intersection within the Chicago metropolitan area. The buildings total 197,385 rentable square feet and were 93% leased at the time of sale.

TCS officials note that Miami is one of the nation's strongest industrial markets with low single-digit vacancy and demand concentrated in the Medley, Hialeah, and Miami Airport submarkets.