Transwestern Sells Class A Office Campus to Westcore

Transwestern Investment Co. sold Concord Corporate Centre, a 347,000-square-foot office complex in Concord, CA, to Westcore Properties. The price was not disclosed. The Blackstone Group traded the East Bay area campus to Transwestern for $ 99 million in July 2007. The portfolio includ
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CBRE Sells 150,000-SF Trophy Retail Asset for $128 Million

CB Richard Ellis negotiates the sale of a prime retail building in Boston’s Downtown Crossing. National Real Estate Investor
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TA Realty Sells Charlotte Complex to REIT for $61M

TA Associates Realty sold a 1.08 million-square-foot industrial complex in Charlotte, NC, to Liberty Property Trust (NYSE:LRY) for $ 60.75 million or $ 56 per square foot. Crosspoint Center has seven buildings ranging from 80,682 to 268,800 square feet on 78 acres in Mecklenburg Count
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Seefried Sells 693,938-SF Industrial Portfolio to Duke

Seefried Properties Inc. sold three industrial properties to Duke Realty Corp. for $ 51.8 million or $ 75 per square foot. The portfolio totals 693,938 square feet of space in Fort Worth, TX, and suburban Chicago, IL. The bulk warehouse buildings delivered between 2004 and 2008 and ar
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Equity One Sells 2 CA Assets for $124.9 Million

Nine months after closing on Capital & Counties USA’s portfolio of mixed properties for $ 593 million, Equity One (NYSE:EQY) sold two of the assets for $ 124.9 million. The first was the 304-unit Trio Apartments complex in Pasadena, CA. The five-story structure at 621 E. Co
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Palms Plaza Sells For $18.5M

Toronto-based North American Development Group (NADG) acquires the Palms Plaza shopping center at 22191 Powerline Rd. in Boca Raton, FL from Bell Partners, a real estate firm based in Greensboro, NC, for $ 18.5 million, or about $ 268 per square foot. The 68,976-square-foot retail cen
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Shenandoah Square Sells for $21.95M

A joint venture between Global Fund Investments, Inc., Migdal Insurance Company, and Menora Mivtachim Insurance has acquired the Shenandoah Square shopping center in Davie, FL from Ramco-Gershenson Properties Trust for $ 21.95 million, or about $ 175 per square foot. Shenandoah Square
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Napa Valley Marriott Hotel & Spa Sells for $72 Million

Lighthouse Lodging Group Inc. sold the Napa Valley Marriott Hotel and Spa in Napa, CA. Inland American Lodging Group Inc., an affiliate of Inland American Real Estate Trust, purchased the 275-room property for $ 72 million, or approximately $ 261,000 per room. “The Napa Valley M
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Miami Warehouse Sells for $3.9 Million

Galei Opa LLC acquired the warehouse at 5701 – 5703 NW 35th Ave. in Miami from Solomon-Kalback North Bldg LLC for $ 3.9 million, almost $ 32 per square foot. Galei Opa is a local company that plans to relocate its manufacturing operation to the site. This property includes two i
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East Side Suites Sells for $3M

LeaseFlorida Sunrise LLC acquired the East Side Suites office building at 1975 East Sunrise Blvd. in Fort Lauderdale, FL from Sunrise Office Building 1975 LLC for $ 3 million, or about $ 34 per square foot. East Side Suites is an eight-story, 89,528-square-foot office building constru
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