PHOENIX-Equus Realty Advisors LLC lays down $34.3 million for Northgate Business Center and Blackhawk Corporate Center, 250,808-sf of class A, back-office space in three buildings. The new owner eyes gains that can be made from lease-up and rent hikes.
PHOENIX-Equus Realty Advisors LLC lays down $34.3 million for Northgate Business Center and Blackhawk Corporate Center, 250,808-sf of class A, back-office space in three buildings. The new owner eyes gains that can be made from lease-up and rent hikes.
HOUSTON-PMEB Medical Billing LP inks an early renewal for class B office space in a four-story building in the northwest submarket. The long-term pact provides the firm with an aggressive TI package and some concessions.
HOUSTON-The REIT continues its aggressive acquisition and disposition activities, paying about $30 million for three centers in Charlotte, NC and flipping two shopping centers in its home town for $50 million.
HOUSTON-The REIT continues its aggressive acquisition and disposition activities, paying about $30 million for three centers in Charlotte, NC and flipping two shopping centers in its home town for $50 million.
CHANDLER, AZ-The Calabasas, CA-based lender drops $19.5 million for McShane Chandler Park to get 25 acres, with three industrial shells, so it can expand its Chandler Commons Office Park. The plan is to retool the shells into office space.
HOUSTON-Fresh on the heels of its merger with Bank One, JPMorgan Chase decides to keep the 10,300-sf branch open in the lobby space of the 993,000-sf tower. The long-term lease has been under negotiation for nine months.
TEMPE, AZ-Fueled by 1031 exchange funds, E&H Smith LP takes over a seven-year-old building that's fully leased to Phoenix Newspapers until 2008. The deal closes at a 6.5% cap rate, says a broker from the seller's team.