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LONDON-Great Portland Estates has announced further disposals of pounds 74.6m ($119.7 million) taking its total sales since last spring to just under pounds 200 million ($321 million).
IRVING, TX-Twinrose Investments of Dallas, formed about 18 months ago, buys three non-contiguous buildings, fully leased to national retailers, in Regency Center's MacArthur Park, using a $7.3-million acquisition loan to make the close.
ATLANTA-Tim C. Thomas Inc. paid Center Investments Inc. $127.50 per sf for the two-year-old, 40,000-sf, 83%-leased retail property in Lawrenceville, GA, situated about 15 miles north of Downtown Atlanta.
PHOENIX-Leslie Elsner gets the title and the task of overseeing six properties totaling 816,000 sf in Dallas-based Lincoln Property Co.'s western region. She has 17 years' experience.
NEW YORK CITY-Secured from an off-shore bank, the construction loan will add a new 10-story residential tower to this elite neighborhood. The project is a part of a joint venture between Oaktree Capital Management and Tamarkin Co.
SCOTTSDALE, AZ-The trio of Phoenix buyers gets a 14,538-sf office building with three long-term tenants. Several investors were trying to reel in the deal when the holding came to market, but the buyers' CBRE broker got in the door first.
MESA, AZ-Armstrong Gustine Development of Pittsburgh gets 6.9 acres at the junction of Brown and Reeker roads, where the plan is to build a 13,000-sf CVS Pharmacy and convert a shuttered Smith's Food & Drug Center into a fitness center.
SAN ANTONIO-Compass Bank stamps a 10-year lease for a 6,464-sf freestanding building that was once home to a Frost Bank. Renovation is underway for a bank branch and business development office. The move-in is set for March 1.