trending Market Intelligence /marketintelligence/en/news-insights/trending/YsUshaTrpeKapBGrC-ShtA2 content esgSubNav
In This List

Hines Global REIT II wraps up Utah property acquisition

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Blog

Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback

Infographic

Infographic: The Big Picture 2023 Sustainability Outlook

Blog

The Big Picture for 2023: Assessing Investment Trends and the Impact of Investor Activism


Hines Global REIT II wraps up Utah property acquisition

Hines Global REITII Inc. closed on its purchaseof Cottonwood Corporate Center in Cottonwood, Utah's SaltLake City submarket.

The complex marks the company's fourth investment. It comprisesfour class A buildings spanning 490,030 square feet at 2855, 2825, 2795 and 2755East Cottonwood Parkway. It is 91% leased to 25 tenants, including Western Digitaland Extra Space Storage Inc.

NOP Cottonwood Holdings LLC agreed to sell the property in Mayfor $140.0 million, exclusive of transaction costs and working capital reserves.