OAKLAND, CA-The global supply chain management operation inks a 40-month lease for about one-quarter of AMB Property Corp.'s 400,000-sf Edgewater Industrial Center here at 7200 Edgewater Dr.
LAKE OSWEGO, OR-The 184,000-sf class A office building opened this month more than 50% leased thanks in large part to an 80,487-sf lease by Northwest Evaluation Association, a non-profit membership organization committed to helping K-12 school districts meet assessment goals.
OAK BROOK, IL-The locally based owner of retail east of the Mississippi acquires 1.4 million sf of triple-net leased properties in 14 separate transactions, including a few west of the Mississippi. The seller was CTL RE Assets LLC.
SACRAMENTO, CA-The Rancho Cordova portfolio is comprised of 19 light industrial and warehouse buildings ranging from 12,800 sf to 135,633 sf. The transaction is one of the largest industrial sales in the city's history.
KENT, WA-After sitting on the market for a year because of vacancy, the empty spaces at East Hill Plaza are filled and an individual investor from London snaps up the property at a 9% cap rate.
BEAVERTON, OR-The operating partnership of Wells REIT pays International Business Machines Corp. $38.4 million for five buildings on 21 acres and 32 acres of developable land. The development is next door to Nike's world campus.
CHATTANOOGA, TN-Locally based CBL & Associates Properties Inc. says it has completed the formation of its new Australia-based property trust with the US affiliate of Australia-based Galileo America Shopping Trust and closed on the first sale of properties to the entity, Galileo America REIT.
MONTREAL-Philip O'Brien, founder and chairman of one of Canada's top tenant-focused real estate services firms, decides to sell his shares and leave the company in order to focus on new opportunities.
BELLEVUE, WA-In its second property disposition here this week, Seattle-based Unico Properties trades the three-story class A office building to Sunlife Assurance Company of Canada for $12.1 million.
SAN FRANCISCO-Sources tell GlobeSt.com the Palo Alto, CA-based real estate investor will pay about $80 million for the two-tower property, which came to market this spring in a lender-driven sale that followed a loan default by building owner Tishman Speyer Properties, which paid $190 million for the property in 1999.