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LOS ANGELES-The property is 100% leased at below-market rents, offering potential to raise rates to market for the new owner, Anastasi Development Corp. of Redondo Beach. The just-sold property is a 43,528-sf structure along Woodruff Avenue.
BOSTON-The Judge Baker Children's Center's plan to move from 3 Blackfan Circle to 53-57 Parker Hill Ave. in the Mission Hill neighborhood of Roxbury is approved by the city. The center plans to add 11,000 sf to the existing 59,000-sf facility.
CASSELBERRY, FL-Southern Management & Development LP of Boca Raton, FL paid $6.1 million or $62.64 per sf for the 29-year-old, 97,376-sf shopping center at 944 E. State Road 436 in suburban Orlando.
HIGHLANDS RANCH, CO-The credit card company has paid nearly $200 per sf for the building it currently occupies in its entirety, after exercising its right to buy under its lease agreement.
CHARLOTTE, NC-Publicly traded Sterling Centrecorp Inc. of Toronto is acquiring a 658,000-sf shopping center in Charlotte for $58.35 per sf. The sale is expected to close later this quarter.
EAST RUTHERFORD, NJ-The state, signaling its desire to exit the horse racing business, hopes to raise up to $300 million by selling or leasing the Meadowlands Racetrack and Monmouth Park.
CASSELBERRY, FL-Southern Management & Development LP of Boca Raton, FL paid $6.1 million or $62.64 per sf for the 29-year-old, 97,376-sf shopping center at 944 E. State Road 436 in suburban Orlando.
PHOENIX-Consolidated Freightways includes a 49,000-sf distribution building in Phoenix and 4.7 acres in Flagstaff in a May 21 auction of 220 properties with an estimated value of $400 million.
SALT LAKE CITY-Parc Gateway Partners LLC secures $23.4 million from Corus Bank. The 24-month loan will fund 73% of Parc at Gateway, a 12-story condominium building to be built atop an existing retail center near Union Pacific Station in Downtown Salt Lake City.