trending Market Intelligence /marketintelligence/en/news-insights/trending/FkBtXwID-0PtCbUxamNCmg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

NIH expands lease at Alexandria campus in Md.; Equity One sells Fla. property

Blog

Understanding the Basics of Social Housing Providers and Associations (SHPAs)

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Real Estate News & Analysis: April Edition

Blog

COVID-19 Impact & Recovery: Investment Banking


NIH expands lease at Alexandria campus in Md.; Equity One sells Fla. property

This feature rounds up recent property news from covered companies and highlights larger deal coverage already published.

* Alexandria Real Estate Equities Inc. and the National Institutes of Health signed an expansion and extension lease whereby the federal agency agreed to take up an additional 92,000 rentable square feet of space at the company's property at 9 West Watkins Mill Rd. in Gaithersburg, Md.

* Equity One Inc., which is being acquired by Regency Centers Corp., offloaded the 166,771-square-foot Lantana Village Square shopping center to a Saglo Development Corp. affiliate for $10.2 million, the South Florida Business Journal reported. Located at 1201 and 1301 S. Dixie Highway and 457 Greynolds Circle in Lantana, Fla., the property is anchored by Winn Dixie and Kmart.

* Pro Real Estate Investment Trust signed a binding agreement to buy a 50% undivided stake in an industrial property at 1750 Jean-Berchmans-Michaud St. in Drummondville, Quebec, for C$3.0 million, which will be paid through the assumption of 50% of a roughly C$4.0 million 10-year mortgage, the issuance of about C$900,000 of class B limited partnership units of Pro REIT LP at C$2.25 apiece and a C$100,000 cash payment.

The freestanding facility is fully occupied by a single tenant under a 12-year term lease expiring in 2028. The company expects to close on the transaction in the second half of February.

Additional coverage

Blackstone's nontraded REIT buys UC Davis hotel: The REIT also signed an unsecured, uncommitted line of credit of up to $250 million.

Education Realty kicks off $165M mixed-use project at Ariz. university: The development will feature 407 residential units, 31,000 square feet of retail space and amenities.

Dream Office REIT selling Alberta property portfolio for C$200M: The company expects to close the transaction in the first quarter.

CNL Growth JV to offload Md. multifamily community for $66M: The transaction is expected to close on or around Feb. 28.

Howard Hughes, partner sell Ariz. retail development: The property went for roughly $34.5 million, the Phoenix Business Journal reported.