Lowe’s Ground Lease Trades Hands for $22.7 Million

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 119,336-square-foot, triple-net Lowe’s ground lease in Tempe, Arizona. The sales price is $22.7 million. “Highlighting the strength of the asset’s positioning within two of the area’s largest urban centers,…

Details

MARCUS & MILLICHAP ARRANGES THE SALE OF A 7,700-SQUARE FOOT NET-LEASED PROPERTY

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Big O Tires , a 7,700-square foot net-leased property located in Mesa, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $2,715,000.…

Details

Watt Communities Reaches “Sold Out” at Its First Arizona Urban Living Project

Watt Communities of Arizona today announced that it has reached 100 percent sold out at Dorsey Lane, the residential townhome community near downtown Tempe that marked the company’s entrance into Arizona’s upscale urban infill housing market. Today, Watt’s presence has expanded into a $73 million project pipeline, with six properties either under construction or now…

Details

Land Advisors Organization Names Brent Long as President

Land Advisors Organization today announced Brent Long has been named President. Brent Long is a 30-year veteran of the commercial real estate industry that includes brokerage, investment and technology. Most recently, as President of Berkadia Investment Sales, Long led it’s apartment sales team that spanned nationwide. Berkadia Investment Sales was formed through a transaction that…

Details

Healthcare Trust of America to Acquire Duke Realty’s Medical Office Portfolio for $2.75 Billion

Healthcare Trust of America, Inc. (NYSE:HTA or the “Company”), the largest dedicated owner and operator of medical office buildings in the United States, announced today that it entered into a definitive agreement to acquire all of the medical office building assets and medical development platform of Duke Realty Corporation. (“Duke”) for $2.75 billion in cash,…

Details