NEW YORK CITY—CEO Thomas D'Arcy points to a “substantial pipeline” of forthcoming acquisitions, noting that investments thus through the non-listed IPO far have led to “a balanced and highly diversified portfolio.”

BALTIMORE, MD—A division of PepsiCo is taking 25,400-square feet of space in a warehouse under construction.

ARLINGTON, VA—KBS REIT III has closed on the purchase of the CNA Corp. headquarters building in the Clarendon section of the city for almost $147 million.

TRENTON, NJ—While the company has declined comment on reports that it is considering a move to Georgia, the state of New Jersey is reportedly offering Mercedes-Benz USA substantial incentives to remain in the Garden State.