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SHIPPENSBURG, PA—A fund advised by CBRE Global Investors has acquired Park 81, a 1.5 million square-foot, class A 100 percent triple-net-leased, single-tenant distribution/warehouse industrial building in a key distribution corridor of Central Pennsylvania. Terms of the transaction were not disclosed.
BERKELEY HEIGHTS, NJ— CVS Pharmacy, the second largest pharmacy chain in the United States, has signed a long term , 25-year ground lease at the Berkeley Heights Shopping Center, 400 Springfield Ave., Berkeley Heights, NJ.
CHICAGO—Landlords across the country are discovering that their office tenants increasingly look for buildings that can provide a “live, work, play” environment.
HARRISON, NJ—One of New Jersey's former urban industrial wastelands continues a remarkable transformation, developers and city officials marked the completion of 221 Bergen, a 104-unit luxury residential complex on Bergen Street in Harrison, NJ.
AUSTIN--RealMassive, set to participate in this year's Urban Land Institute Fall Conference this week in San Francisco, will unveil Project Atlas, a next-generation mapping platform for CRE research.
CHICAGO, MILWAUKEE—The small city just north of Chicago is just one of many secondary markets investors have sought out to avoid the low yields seen in the core areas.
HOUSTON—Transwestern has arranged the construction financing for the Arabella, a luxury condominium tower to be developed on the southeast corner of San Felipe Road and Westcreek Lane in the Galleria submarket.
DALLAS—Veteran business development executive Bonnie Shekarabi has joined Megatel Capital Investment as executive vice president, national accounts, GlobeSt.com has exclusively learned.
SAN FRANCISCO—The property, featured on the ULI Fall Meeting tour this week, was completed by Panoramic Interests LLC in August 2015 and is fully leased to the California College of the Arts and the San Francisco Conservatory of Music.