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Innovo Property Group has acquired 511 Barry St., a 140,000-square-foot warehouse in the Hunts Point neighborhood of the Bronx for $54 million.

With cap average cap rates falling between 5.6% to 6.9%, investors can acquire high credit tenants at a relatively higher yield.

With so much volatility in the retail market, investors are carefully analyzing potential opportunities.

The portfolio traded for $25.3 million and the going in cap rate was just under 5%.

Federal Realty Investment Trust recently sold an 11.7-acre portion of San Antonio Center that was under threat of condemnation, as it is needed for a school being built by the Los Altos School District.

The approval includes the large project authorization for the design and massing of the approximately 820,000-square-foot project, as well as an initial allocation of 505,000 square feet under Prop M.

Mack-Cali reports it has sold two suburban office portfolios totaling approximately 2.4 million square feet in Parsippany and Madison, NJ to Onyx Equities.

The building's projected cost will be approximately $85 million.