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DENVER-Buildings at 4740 Florence St. and 10482 E. 49th Ave. is part of a larger office/warehouse portfolio deal financed with the help of the local office of real estate investment banker NorthMarq Capital.
BEDMINSTER, NJ-The 110,000-sf Village at Bedminster, anchored by a Kings supermarket, was sold by the Tandem Fund in a deal put together by Cushman & Wakefield.
REVERE, MA--Water's Edge Towers, luxury residential property that recently emerged from bankruptcy, nails down $19.5 million in financing. New management and an aggressive lease-up plan convinced the lenders to go ahead with the deal.
WASHINGTON, DC-Developed for $60 million, the new 201,500-sf, class A office structure at 799 Ninth St. comes under contract to be sold to German fund manager Blue Capital Investments. The building is 95% leased to government tenants.
ORLANDO-Experts differ on the potential effects of the big gamble national retailers are taking in placing expensive units at shopping centers only four miles apart in South Orlando.
HOUSTON-Lend Lease has found a taker for its 363 North Belt Parkway, which went on the market in February for $36 million. Granite takes out a five-year loan to push the acquisition of the 386,277-sf office property.
HOUSTON-Allstate Insurance adds 22,950 sf to its lease at 1500 City West, a 10-story, 191,267-sf office building in the Westchase submarket. Allstate is one of the lead tenants in the 78%-occupied building.
FRISCO, TX-Henry S. Miller Development acquires the second hard corner at a main thoroughfare in Frisco. The plan is to simultaneously roll out 300,000 sf of retail in a race to be the first to cross the finish line in Frisco.
HOUSTON-Another buyer-user transaction closes in Houston, where the hot property this time is along Rhodes Road. The floriculture firm's asset is an 18-year-old industrial building situated on three acres.
CHATSWORTH, CA-The company will move from an 8,500-sf building it owns in Glendale, Calif. to a two-story, 34,000-sf multi-tenant industrial building here on Topanga Canyon Boulevard.