Industrial

Freehold will lease the properties to Curaleaf pursuant to a long-term, triple-net lease. The company also has the right of first offer to purchase additional properties from Curaleaf as its preferred real estate partner.

The new joint venture plans to begin construction in September on a three-story, 98,000-square-foot, climate-controlled self-storage facility at 352 Main Road.

The purchase of the three-building property highlights the healthy appetite among institutional investors for South Florida industrial product.

Element Critical's Northern Virginia facility at 7990 Quantum Drive was built in 1978 and acquired by Safanad Industry Capital Internet Infrastructure, L.P. in 2016 from The Meridian Group.

A local Puget Sound private investor traded Pacific West Business Center in Kent, WA and White River Corporate Park in Auburn, WA to TA Realty for approximately $22 million.

McCarthy Holdings selected Raymond J. Sedey as the firm's next chief executive officer effective January 1, 2020, a position currently being held by Michael Bolen, who will continue as chairman of the board.

"The region's accessibility to major population centers and excellent highway connectivity continues to make it a strategic location for manufacturing companies like Leco Plastics," says NAI James E. Hanson's Perkins.

Completed in 2009, 50 Madison Road is a 125,871-square-foot data center that is fully leased to CyrusOne.