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The development, being built on 56.4 acres in the Southwest industrial market of Charlotte, will total 621,000 square feet and will involve four industrial buildings ranging in size from 58,000 square feet to 223,000 square feet.
Clarke assumes responsibilities for the commercial services business in offices in California, Arizona, Colorado and Washington after a successful three decades of service at Transwestern.
Etkin Johnson acquired the 19 properties, which range in size from 26,078 square feet to 293,510 square feet, between 1990 and 1998. The portfolio was 93% leased at the time of the sale.
“Black Creek Group has been active within the region for a number of years and the completion of these transactions demonstrates our ability to perform and create value for investors,” says Dave Fazekas, Black Creek Group's senior managing director for the Eastern Region.
Unico Investment sold a 27-building office portfolio of repositioned historic and newly constructed assets totaling 1.8 million square feet to Broad Street Principal Investments, an affiliate of Goldman Sachs.
The US multifamily real estate value creation fund had its first close in August 2018, exceeded its target size in October, achieved its hard cap and was oversubscribed with the final close in December 2018.
Bendetti took note of the appeal of creative office space and the demand for that type of work environment and saw an opportunity to use some of those elements in its industrial properties.
Xenia's predecessor Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc. acquired the 14-story Residence Inn by Marriott Denver City Center and adjoining 448-space parking garage for $80 million.in April 2013.