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Four Corners Property Trust has signed a definitive agreement for the purchase of 20 additional outparcel properties from Washington Prime Group for a purchase price of approximately $37.8 million.
In June, the Port Authority predicted record activity levels at the Port of New York and New Jersey. On Thursday, the authority reported that during the first six months of 2019, the port set a new all-time record for cargo, handling 3,652,841 TEUs (20-foot equivalent units).
The firm reports it is now accepting investors for its first property, The Ewing Hotel in West Cape May. The boutique luxury hotel is scheduled to open in 2021.
Harf joined Stan Johnson Co. of Tulsa, OK in October 2011 and has been focused on the sale of net lease assets, working with some of the nation's most respected and trusted institutions, private equity managers and merchant developers.
The Cleveland-based privately-held real estate investment management firm, is the new owner of the 417,513-square-foot complex that is currently 87% leased to nine tenants with a weighted average lease term of five to seven years.
Harbor, which is headquartered in Norfolk, VA and has offices in New York City, Baltimore and Israel, closed on the sale on the 100,700-square-foot three story office building on July 25, according to commercial brokerage firm CBRE.