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WILMINGTON, DE-A one million-sf, dual property retail portfolio lands in the lap of Long Island-NY-headquartered REIT Acadia Realty Trust in a deal that will ultimately cost as much as $150 million. The package involves conjoined open-air retail destinations Brandywine Town Center and Market Square Shopping Center.
EDGEWOOD, MD-In a $3.8-million arrangement, the 107,000-sf industrial building at 2109 Columbia Park Rd. changes ownership. Located within Emmorton Business Park, the six-year-old structure occupies a 5.7-acre parcel and is 42% leased.
STAUNTON, VA-What was once the home of a Diebold Inc. manufacturing facility becomes the property of Industry Way LLC as the company acquires the 80,000-sf building in Green Hills Industrial Park for $2.3 million. Industry Way will use the 14-acre property for distribution activities by its subsidiary, Dr. Pepper of Staunton.
SAN FRANCISCO-Vacant buildings, weedy patches of pavement and even rickety bridges in the Bay Area may soon form a large part of the newest, and strangest, national park.
ORLANDO-NAI Realvest Holding LLC president Geof Longstaff tells GlobeSt.com he sees a new need by businesses throughout the Southeast for independent corporate management services on special real estate projects.
CITY OF COMMERCE, CA-Pacifica Real Estate Group acquires the 195,000-sf Commerce Plaza from Hartford, CT-based Cornerstone Real Estate Advisers, the real estate investment arm of Massachusetts Mutual Life.
SAN DIEGO-Eden Group LLC snaps up the 43,170-sf neighborhood retail center from Rubin-Pachulski Partners. Located at 3555 Rosecrans St., the property was 73% occupied at close of escrow.
WILMINGTON, DE-A one million-sf, dual property retail portfolio lands in the lap of Long Island-NY-headquartered REIT Acadia Realty Trust in a deal that will ultimately cost as much as $150 million.
LONDON-The South Tyneside Pension Fund has acquired a portfolio of four office buildings in the South east of England from Thistlestone Estates for pounds 23 million ($38 million).