Property Type

Ingram Micro Signs 107,107 SF Industrial Lease in Fairfield, New Jersey

by Taylor Williams March 18, 2021

FAIRFIELD, N.J. — Ingram Micro, a California-based provider of IT products and services, has signed a 107,107-square-foot industrial lease at 116 Lehigh Drive in the Northern New Jersey community of Fairfield. Venture One Real Estate owns the single-tenant building, which was constructed on 8.2 acres in 1986. Thomas Mallaney, Nicholas Nitti, Denise Kokulak and David Remington of CBRE represented the tenant, which plans to take occupancy of the space in September, in its site selection and lease negotiations.

March 18, 2021

Acquisitions Industrial New Hampshire Northeast Self-Storage

Marcus & Millichap Brokers Sale of 391-Unit Self-Storage Facility in Brentwood, New Hampshire

by Taylor Williams March 18, 2021

BRENTWOOD, N.H. — Marcus & Millichap has brokered the sale of Creative Self Storage, a 391-unit facility in Brentwood, located in the southern part of the state. The property features 58,064 net rentable square feet across 357 non-climate-controlled units and 34 climate-controlled units. Nathan Coe, Brett Hatcher, Gabriel Coe and James Koury of Marcus & Millichap represented the seller in the transaction. Additional terms of sale were not disclosed.

March 18, 2021

Development Hospitality Massachusetts Northeast

Cicero Construction Group Completes Renovation of 56-Room Boutique Hotel in Boston

by Taylor Williams March 18, 2021

BOSTON — Illinois-based general contractor Cicero Construction Group has completed the renovation of the Staypineapple Boston, a 56-room boutique hotel in the city’s South End neighborhood. The project included a rebranding of the hotel, formerly known as the Chandler Inn, as part of Seattle-based Staypineapple chain, which purchased the property in February 2018. Renovations delivered upgraded beds and bathrooms to rooms, as well as new flooring, paint, wall coverings and other interior improvements to the lobby, hallways and common areas.

March 18, 2021

Acquisitions Healthcare New Jersey Northeast

Avison Young Negotiates $3.7M Sale of Medical Office Building in Sewell, New Jersey

by Taylor Williams March 18, 2021

SEWELL, N.J. — Avison Young has negotiated the $3.7 million sale of Offices at Harbor Pavilions, a 15,000-square-foot medical office building in Sewell, located outside of Philadelphia in the southern part of the state. The property was built in 2007 and is leased to Rowan University School of Osteopathic Medicine and Reconstructive Orthopedics. Scott Martin of Avison Young represented the seller, a local investor, and the buyer, a local doctor, in the transaction.

March 18, 2021

Acquisitions California Mixed-Use Office Restaurant Retail Western

Turnbridge Equities, Waterford Property Co. Acquire City Place Long Beach Mixed-Use Property in Southern California

by Amy Works March 18, 2021

LONG BEACH, CALIF. — A partnership between Turnbridge Equities and Waterford Property Co., along with Monument Square Investment Group, has purchased City Place Long Beach, a 14-acre, large-scale, open-air, mixed-use development in downtown Long Beach. The partnership first acquired the loan on the asset at the end of 2020 and now reached an agreement to take over ownership of the property. Originally the site was Long Beach Plaza Mall, an enclosed shopping mall that was built in 1982 and demolished in 2002 to make way for City Place. The partnership is now reinventing the property as a mixed-use development with retail, office, restaurant and entertainment spaces, as well as working to immediately stabilize the asset.

March 18, 2021

Acquisitions Arizona Multifamily Western

Cushman & Wakefield Brokers $64.5M Sale of Aspen Place Multifamily Community in Flagstaff, Arizona

by Amy Works March 18, 2021

FLAGSTAFF, ARIZ. — Cushman & Wakefield has arranged the sale of Village at Aspen Place, an apartment property located at 601 E. Piccadilly Drive in Flagstaff. An entity formed by Orange County, Calif.-based NNC Apartment Ventures acquired the asset from an entity formed by Kansas City, Mo.-based VanTrust Real Estate for $64.5 million. David Fogler and Steven Nicoluzakis of Cushman & Wakefield’s Multifamily Advisory Group in Phoenix represented the seller in the deal. Completed in 2015, Village at Aspen Place feature 222 units in a mix of studio, one- and two-bedroom layouts. Community amenities include ground-floor retail space, an attached parking garage and elevator service to each floor.

March 18, 2021

Acquisitions California Net Lease Retail Western

Marcus & Millichap Negotiates $22.5M Sale of Smart & Final Grocery Store Location in Westlake Village, California

by Amy Works March 18, 2021

WESTLAKE VILLAGE, CALIF. — Marcus & Millichap has arranged the sale of an asset occupied by a Smart & Final grocery store in Westlake Village, a suburb of Los Angeles. The triple-net-leased asset sold for $22.5 million, or $448 per square foot. The property totals 50,242 square feet with Smart & Final as the main tenant. However, 12,500 square feet is subleased to Dollar Tree on a 10-year, triple-net lease, with Smart & Final responsible for all aspects of the lease. Lior Regenstreif of Marcus & Millichap represented the seller, Riverside Villas LLC, in the transaction.

March 18, 2021

Acquisitions California Retail Western

Forward One Buys CVS-Occupied Property in La Verne, California for $7.7M

by Amy Works March 18, 2021

LA VERNE, CALIF. — California-based Forward One has purchased a retail property located at 1479 Foothill Blvd. in La Verne, a suburb of Los Angeles. New Jersey-based Arctrust, a private REIT, sold the asset for $7.7 million in an off-market transaction. CVS/pharmacy anchors the 26,500-square-foot building, which is situated on 1.6 acres. Anton Qiu of Anchor Pacific Capital represented the buyer, while David Kern of The Mansour Group represented the seller in the deal.

March 18, 2021

Acquisitions California Net Lease Restaurant Retail Western

JLL Arranges $4.3 Million Sale of Retail Building in Long Beach, California

by Amy Works March 18, 2021

LONG BEACH, CALIF. — JLL Capital Markets has arranged the $4.5 million sale of a newly constructed, 1,839-square-foot retail building at 5865 E. Spring St. that is triple-net leased to The Coffee Bean & Tea Leaf in Long Beach. Adam Friedlander of JLL marketed the property on behalf of the seller, Pacific West Property Group Inc. An undisclosed private investor acquired the property in an all-cash transaction as part of a 1031 exchange. Alan Wong of DAAG Developments acted as the buyer’s consultant. Situated 20 miles south of downtown Los Angeles, The Coffee Bean & Tea Leaf was constructed in 2020 and features a drive-thru along with an outdoor patio that can accommodate up to 90 customers.

March 18, 2021

Data Centers Industrial Midwest Northeast Office Southeast Texas Top Stories Western

Google to Invest $7B in Offices, Data Centers Across the U.S.

by Katie Sloan March 18, 2021

MOUNTAIN VIEW, CALIF. — Google has announced plans to invest $7 billion in offices and data centers across the U.S. this year, creating 10,000 new full-time jobs across 19 states. The investment will include over $1 billion in the state of California; office expansions in Atlanta, Chicago, New York City and Washington, D.C.; and data center expansions in Nebraska, South Carolina, Virginia, Nevada and Texas. Further details on planned investments across the U.S. are below: South In the Southern U.S., Google will increase its investment in an existing South Carolina data center and its existing office campuses in Atlanta and Washington, D.C.; establish a new cloud engineering site in Durham, N.C.; open its first U.S. Google Operations Center in Southaven, Miss.; open a new office in Reston, Va.; and expand its data center in Virginia’s Loudon County. Midwest Earlier this year, Google established its first Minnesota office in Rochester and its new data centers in New Albany, Ohio, and Papillion, Neb., became operational. The company plans to expand its data center footprint in Nebraska over the course of 2021 and will begin further improvements at its Detroit, Chicago and Ann Arbor, Mich., offices. Texas Google’s new data center in Midlothian, …

March 18, 2021

Newer Posts

Older Posts