Net Lease

KBS REIT III sells 11 assets totaling 3.4 million square feet of class-A office space located in markets throughout the US.

The investor is investing $20 million to update the property and launch and spec suit program.

Onni Group buys the 8.6-acre mixed-use complex for $97.3 million from Decron Properties.

The completed transactions, most of which were classified as “net lease,” were a mix of restaurants, convenience stores/gas stations, discount stores, veterinary clinics, fitness centers and drug stores, spanning across 12 states, including seven in Pennsylvania and five in New Jersey.

The West Coast is leading the nation in warehouse development, and will continue, as long as there isn't a trade war.

All together the REIT has entered into definitive agreements with two new operators and completed a transaction with a third new operator involving 24 hospital facilities for a total investment of approximately $1.75 billion.

The firm purchased the two premier single-tenant assets through its third institutional value-add fund.

Industry leaders believe that the co-working market is at moderate risk and is becoming oversaturated.