BKM Capital Pays $85.6Mln for Seattle-Area Shallow-Bay Industrial Portfolio
BKM Capital Partners has paid $85.6 million, or $213.40/sf, for three shallow-bay industrial properties with 401,132 square feet in the Seattle area. The Newport Beach, Calif., investment manager bought the properties through its BKM Industrial Value Fund III, which...
Kimco Buys 2 South Fla. Shopping Centers for $108Mln
South Florida Business Journal Kimco Realty Corp. has bought a pair of grocery-anchored shopping centers in South Florida for $108 million. The Jericho, N.Y., REIT paid $56 million, or $227.88/sf, for the 245,744-square-foot Sunshine Plaza in Tamarac, Fla., and...
Beverage Manufacturer Fully Leases 315,896-SF Industrial Property in Huntersville, N.C.
Charlotte Business Journal Liquid Wizards has fully leased a 315,896-square-foot industrial building at 11524 Beltway Industrial Drive in Huntersville, N.C., about 12 miles north of Charlotte, N.C. The beverage manufacturer signed a long-term lease for Building C at the...
Phila.-Area Industrial Portfolio Fetches More Than $84Mln
Philadelphia Business Journal Speed Bay Warehouse Solutions has purchased an eight-building industrial portfolio totaling 488,936 square feet in the Philadelphia area for more than $84 million, or $171.80/sf. The Denver investor, which focuses on shallow bay industrial properties, purchased...
Douglas Development to Buy 1330 Connecticut Ave. NW in Washington, D.C.
Washington Business Journal The buzz is that an affiliate of Douglas Development Corp. is buying the 254,000-square-foot 1330 Connecticut Ave. NW office building in Washington, D.C. The affiliate, Jemal Equities, would be buying the 12-story property from BXP Inc.,...
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