InvenTrust Buys Greensboro, N.C., Shopping Center for $34Mln
InvenTrust Properties has paid $34 million, or $201.18/sf, for New Garden Crossing, a 169,000-square-foot retail property in Greensboro, N.C. The Downers Grove, Ill., REIT purchased the shopping center from Hackney Real Estate Partners of Richmond, Va., which had bought it...
Hedrick Brothers Lands $56.5Mln Construction Loan for Kissimmee, Fla., Apartment Project
Orlando Business Journal Hedrick Brothers Development has lined up $56.5 million of construction financing for The Hedrick at Lake Toho Apartments, a 366-unit project in the Orlando, Fla., suburb of Kissimmee, Fla. The Winter Park, Fla., developer recently started...
Coral Gables, Fla., Office Property Fetches $97.8Mln
South Florida Business Journal A venture of Intalex, Itero Investments, and Greenwall has bought The Ponce, a 365,000-square-foot office complex in the Miami suburb of Coral Gables, Fla., for $97.8 million, or $267.95/sf. An affiliate of PGIM Real Estate...
Longpoint Partners Pays $38.8Mln for Medley, Fla., Industrial Property
South Florida Business Journal Longpoint Partners has paid $38.8 million, or $319.13/sf, for a two-building industrial property totaling 121,579 square feet in Medley, Fla. The Boston investor purchased the property from Martha and Ruben Artiles. Axiom Capital Advisors represented...
Chicago Office Property Sells at a Discount
Crain's Chicago Business Local developer R2 has paid $17.6 million, or $81.95/sf, for the 214,768-square-foot office property at 600 West Fulton St. in Chicago. The seller was a venture led by real estate investor Randy Rissman, which bought it...
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