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The New York City-headquartered firm says the distribution center is triple-net leased to Sonae MC, Portugal's leading food retailer.

The DC office market posted 3.6 million square feet of gross leasing activity in Q3 2018, the highest quarterly volume since Q2 2016.

The Austin, TX-based hotel REIT also reports that it has closed on the sale of the 148-room Hyatt Place Fort Myers/at the Forum in Fort Myers, FL for $16.5 million or approximately $111,000 per key.

The waiting period for the acquisition ended on Friday allowing Moody's to move forward with its bid.

The lease deal was one of 11 transactions Divaris recently negotiated involving 95,068 square feet of new and renewed commercial space throughout the greater Hampton Roads market.

The Aventura, FL-based investment firm has been very active of late and marks the firm's third significant acquisition so far this year.

Maracay officials say the firm intends to close on the third and last land purchase of 80 acres and 240 homesites in Chandler in early 2019.

GlobeSt.com <b>EXCLUSIVELY</b> learns that Ferguson Enterprises purchased a 1.04-million-square-foot building at Optimus Logistics Center and 4F Capital purchased an 81,286-square-foot building at Tri-City Industrial Complex.