The company acquired a fully leased 121,000-square-foot industrial facility in Buffalo Grove, Ill., and plans to use it as investment property.
Cushman & Wakefield’s experts assisted the seller in the transaction and helped secure acquisition financing on behalf of the buyer, through a loan originated by Starwood Mortgage Capital.
The retail picture is not as dark as you think, according to a panel at the NAREE Real Estate Journalism Conference. Evolution is bringing new life to empty sites.
Stream Realty Partners, in partnership with AMD Global LLC and Diamond Realty Investments Inc., will break ground on the Class A facility at the end of the year.
The company represented J.C. Penney Properties Inc. in the $131.3 million sale and short-term leaseback of their distribution center in Buena Park, Calif., which spans more than 1 million square feet.
Grandbridge Real Estate Capital’s Vice President T.J. Ownby arranged the permanent, fixed-rate financing for the three-building complex, known as Belcher Commons.
The tenant, an oil and natural gas exploration and production company, occupies a total of 524,000 square feet at the three-building office complex.