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CT Realty recently sold the newly built 1.12 million-square-foot industrial building, NorCal Logistics Center, to Bentall Kennedy (US) Limited Partnership on behalf of its US core fund for $105.3 million.
TSG Group, a boutique, real estate development and investment company, and Linéaire Group, a Miami-based investment and design firm, acquired the 30,000-square-foot land parcel at 1765 North Miami Ave. for $5.9 million.
"Jeremy's reputation as a meticulous professional with keen leadership qualities is well-deserved. With his guidance, the firm will continue our out-of-the-box thinking," says founder Malcolm McLaren.
The joint venture is acquiring a class-A trophy property in Philadelphia's central business district that is one of the city's most iconic office developments.
While the retail pharmacy sector is active with mergers and acquisitions, the chances are pretty good we won't see a Burger King-McDonald's alliance anytime soon.