REBusinessOnline

Hudson Pacific, Allianz to Acquire Historic Ferry Building in Downtown San Francisco for $291M

SAN FRANCISCO — Hudson Pacific Properties Inc. (NYSE: HPP) and Allianz Real Estate have formed a joint venture to acquire the Ferry Building in downtown San Francisco. Located at the foot of Market Street along the San Francisco Bay waterfront, the landmark features 192,532 square feet of office space and 75,486 square feet of retail space. Equity Office, an affiliate of the Blackstone Group, sold the leasehold interest in the land and improvements to the Ferry Building to the joint …

Woodside Health Sells Jetton Medical Park in Metro Charlotte

CORNELIUS, N.C. — Woodside Health has completed the disposition of Jetton Medical Park, a two-building medical office property located at 19475 and 19485 Old Jetton Road in Cornelius, a suburb of Charlotte. Montecito Medical Real Estate acquired the property for an undisclosed price. The 45,000-square-foot property is anchored by medical practices affiliated with Novant Health, an integrated healthcare organization with more than 500

STREAM Capital Brokers $23.7M Sale of Office Portfolio in Pennsylvania

HOMESTEAD AND DUBOIS, PENN. — STREAM Capital Partners has brokered the $23.7 million sale of a three-building office portfolio in Pennsylvania. The 113,000-square-foot portfolio is located at 385 and 395 E. Waterfront Drive in Homestead and 203 W. Weber Ave. in DuBois. Phil DiGennaro, Ryan Smeele, Jordan Shtulman and Jonathan Wolfe of STREAM Capital represented the undisclosed seller in the transaction. The undisclosed buyer was in a 1031 exchange. The portfolio is currently net leased to GAI …

Beer Distributor to Open $35M Industrial Facility, Headquarters in Denton

DENTON, TEXAS — Fisher59, a distributor of alcoholic beverages serving Texas and Oklahoma, will open a $35 million distribution center and headquarters in Denton. Designed by HDA Architects, the 218,800-square-foot project will feature a cross-dock configuration for the warehouse component, as well as 22,000 square feet of office space. The office build-out will deliver executive and private offices, a sales training room, fitness center and a café. Completion is slated for fall

Floor & Decor to Relocate, Expand Its Headquarters, Creating 500 Jobs in Metro Atlanta

ATLANTA — Floor & Decor, a specialty retailer of hard surface flooring and related accessories, plans to relocate and expand its headquarters to Cobb County from Atlanta. The company’s expansion will create 500 jobs, including administrative and customer service positions, over five years, according to Georgia Gov. Nathan Deal. Additionally, the company will receive a $500,000 grant to help establish the new headquarters and could be eligible for more than $3 million in state tax breaks …

EverWest Real Estate Investors Buys 98,907 SF Office Building in Southern California

ORANGE, CALIF. — EverWest Real Estate Investors, in partnership with Chile-based fund manager Frontal Test, has acquired 999 Town & Country, an office property located at 999 W. Town and Country Road in Orange. San Diego-based Westcore Properties sold the building for an undisclosed price. The newly renovated 98,907-square-foot building is 74 percent leased to a long-time, single-credit tenant, while the top floor is 100 percent vacant. The recent renovation upgraded the lobby, …

Feature Presentation: Netflix to Occupy 327,913 SF EPIC Office Building in Hollywood

HOLLYWOOD, CALIF. — Internet entertainment service Netflix has signed a lease to fully occupy EPIC, a 327,913-square-foot office building currently under construction in Hollywood. Hudson Pacific Properties Inc. (NYSE: HPP) is developing the project. Netflix will occupy the 13-story building upon completion in January 2020. The lease ends in 2031. Netflix has also signed a coterminous lease extension for 325,757 square feet at ICON and 91,953 square feet at CUE, both of which are Hudson …

MMG Equity Partners Acquires Mixed-Use Property in South Florida for $9.7M

PINECREST, FLA. — MMG Equity Partners has purchased Pinecrest Center, a two-story mixed-use property located at 11975 S. Dixie Highway in Pinecrest, a village in Miami-Dade County. A family-owned investment group sold the property for $9.7 million, or $284 per square foot. Drew Kristol, Kirk Olson and Jean-Baptiste Ramet of Marcus & Millichap’s Miami office represented the seller in the deal. Pet Supermarket, Miami Home Center and IHOP are tenants at the 34,306-square-foot property. The …

Management Consulting Firm to Relocate to 56,703 SF Office Space in Frisco

FRISCO, TEXAS — Management consulting firm Brierley+Partners will relocate its global headquarters to The Offices One at Frisco Station, taking 56,703 square feet of office space at the 242-acre Frisco Station development located on the northern outskirts of Dallas. The move is intended to facilitate collaboration between the company’s global offices in Los Angeles, Tokyo and London. Randy Cooper, Craig Wilson, Kate Sudol and Wills Bauer of Cushman & Wakefield represented …

Joint Venture Acquires 351,705 SF Office Tower in Fort Lauderdale for $108.5M

FORT LAUDERDALE, FLA. — A joint venture has acquired 1 East Broward, a 351,705-square-foot office tower in Fort Lauderdale, for $108.5 million. The joint venture, titled 1 East Broward Owner LLC, comprises affiliates of NAI/Merin Hunter Codman and PCCP LLC. The property is located on the northeast corner of Broward Boulevard and Andrews Avenue across from the new Brightline Rail Station in the heart of downtown Fort Lauderdale. The asset consists of a 19-story building and a five-story …

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