Net Lease CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
More Net Lease Stories
Companies achieve great success when aligned around a common goal and brand story. The experts integrated into our team at Connect Creative span every marketing and communications discipline and channel, encompassing skilled graphic designers, public relations leaders, copy writers, content producers, digital wizards, and website developers. A collaborative approach brings out your company’s stories that are shaped and crafted with the perfect visual, the right words and in the most dynamic way.
Latest Atlanta & Southeast Net Lease Stories
Stan Johnson Company has completed the $6.7-million sale of a 40,522-square-foot retail property leased to Caliber Collision in Memphis, TN. The tenant operates on a long-term net lease that features rental increases and option periods. The store on Adams Avenue is more than double the tenant’s typical size and allows work on commercial vehicles, emergency …
Colliers has completed the $39.4-million sale of a 41,117-square-foot Walmart triple-net-lease retail asset in Murfreesboro, TN. The neighborhood market sold with full corporate guarantee. A Colliers team of Eric Carlton and Jereme Snyder brokered the transaction, which according to Colliers was executed at record pricing and with dual escrow. The team represented both the seller …
Latest Boston & New England Net Lease Stories
JRW Realty has facilitated the $13-million transaction of a 42,293-square-foot, single-tenant net-leased property occupied by Hannaford Grocery in Gardner, MA. Leanna Tatikian under the guidance of Melinda Marston represented the buyer while NNN Investment Advisors represented the seller. “One of our buyers’ key criteria is stable tenants, such as pharmacies and grocery stores,” said Marston. …
JLL has closed the $21.7 million sale-leaseback and arranged $14.5 million in acquisition financing for a 120,000-square-foot industrial warehouse and office building in the Boston-area community of Medway, MA. Lincoln Property Company acquired the asset from Spencer Technologies and entered into a long-term lease with the seller for it to continue to fully occupy the …
Latest California Net Lease Stories
The LA Fitness at 13822 Garvey Ave. in Baldwin Park has sold in a 1031 exchange for $18.08 million. Kidder Mathews’ Tanel Harunzade, Darrell R. Levonian, and Brittney McCarthy represented the seller, a private family investor. The buyer was represented by Janet Neman and Angelica Gotzev, also with Kidder Mathews. The approximately 45,000-square-foot facility is …
Newport Beach-based SRS Real Estate Partners National Net Lease Group (NNLG) has completed the $11 million sale of a fully occupied, two-tenant medical property in Colorado Springs, CO. SRS NNLG’s Stephen Sullivan, Matthew Mousavi and Patrick Luther represented the seller, a Colorado-based private investor. The buyer was a West Coast-based investor. The building is occupied …
Latest Chicago & Midwest Net Lease Stories
Maverick Commercial Mortgage, Inc. has closed on a $14-million first mortgage loan for 200 W. 87th St., a 103,550-square-foot, triple-net leased Home Depot in the Chatham neighborhood on Chicago’s South Side. The loan, provided by a regional bank, is a 10-year, floating rate, non-recourse loan on a 25-year amortization. The bank executed a 10-year swap, …
St. Louis-based ElmTree Funds, a net-lease real estate private equity firm, acquired seven assets located across the U.S. for approximately $800 million during the first quarter of 2022. The recent acquisitions include 3.2 million square feet of Class A logistics and office properties, each fully leased to an investment grade tenant on a long-term basis. …
Latest Florida & Gulf Coast Net Lease Stories
SRS Real Estate Partners’ net lease group has completed the $5.3-million, off-market sale of 3,600-square-foot single-tenant retail property in Miami, FL occupied by Curaleaf. The property on 152nd Street was formerly a Chase Bank branch and was renovated for the medical marijuana dispensary’s use. William Wamble and Patrick Nutt with SRS represented the seller in …
JLL has closed the sale of Crossroads Building 300, a new, Class A, fully leased, 235,200-square-foot industrial building in Jacksonville, FL. The property is net leased to two tenants, Cartparts.com and Drummond Press, Inc. A JLL team of Britton Burdette, Luis Castillo, Mitchell Townsend, Cody Brais and Luke Pope represented the private seller. Principal Real …
Latest Global Net Lease Stories
Latest National Net Lease Stories
National asking cap rates in the single-tenant bank ground lease sector decreased to 5.15% in the first quarter, according to the Boulder Group’s 2022 Net Lease Bank Ground Lease Report. This represented a 20-basis-point decrease year-over-year. “The cap rate compression associated with the banking sector can be best attributed to overall market conditions in the …
Cap rates in the single-tenant net lease sector reached historic lows for all three asset classes—retail, office and industrial—in the first quarter of 2022, the Boulder Group reported. Single-tenant cap rates compressed by 13, 10, and 17 basis points in retail, office and industrial, respectively. Cap rate compression continues to be derived from the significant …
Latest New York & Tri-State Net Lease Stories
Build-to-suit, sale-leaseback specialist W.P. Carey Inc. has executed a sale-leaseback of a 153,000-square-foot industrial facility in Quebec, Canada. The facility is net leased to Metra Aluminium Inc., the Canadian subsidiary of Metra S.p.A. Founded in 1962, Metra, and its subsidiaries and affiliates, is a global, vertically integrated manufacturer of extruded aluminum profiles and related value-added services, including painting, …
Newmark arranged a $525-million loan on behalf of SomeraRoad for the refinancing of a 50-asset, 6.8-million-square-foot, 100% net-leased industrial portfolio, located in markets throughout the U.S. The Newmark team, leveraging local licensees, was led by Jordan Roeschlaub and Dustin Stolly, with Chris Kramer, Nick Scribani and Jake Neeb. The loan was provided by Bank of …
Latest Phoenix & Southwest Net Lease Stories
In a positive, double-action market move, Viavi Software and Chandler, Ariz., are seeing a need for more space. Having recently relocated its main office from California to Arizona, Viavi now sees more square footage is necessary for its expanding footprint – both for personnel and to accommodate its production facility. Chandler, in parallel, is seeing …
Commercial properties are becoming scarce as more developers and investors are purchasing at record rates. Aside from the limited amount of property available, the due diligence period can take up to three months. But one company, Arizona Land Consulting (ALC), is providing off-market properties to 1031 exchange buyers by utilizing relationships. Founder Anita Verma-Lallian recently …
Latest Seattle & Northwest Net Lease Stories
Alpine Income Property Trust, Inc. (PINE) closed the sale of its single tenant office property located in the Portland, OR suburb of Hillsboro, OR and net leased to Wells Fargo. With 3.7 years of remaining lease term, the property was sold for $38.8 million, generating a gain on sale of $7.0 million. The buyer wasn’t …
The city of Redmond is likely happy to be carb-loading with the addition of two new tenants at the soon-to-be Porch + Park mixed-use building downtown. MainStreet Property Group LLC has secured award-winning Seattle restaurateur Ethan Stowell Restaurant Group, as well as hometown bagel shop Rubinstein Bagels as those tenants. Located at 16001 Redmond Way …
Latest Texas Net Lease Stories
JLL Capital Markets announced today that it has closed the sale of and arranged acquisition financing for a 72,980-square-foot portfolio comprising three net-leased industrial properties in markets in and around Houston, TX. JLL marketed the portfolio for the seller, Finial Group. Houston-based NDP Interests, LLC, acquired the asset. Additionally, JLL worked on behalf of the …
806 Technologies Inc., an education software company that streams administrative paperwork for schools, has expanded its office space to 9,819 square feet at Lincoln Legacy Two. Located at 810 Tennyson Parkway, in Plano TX, Whitebox Real Estate represented 806 Technologies in the negotiations. The lease transaction was not disclosed. Ben Crancer and Brian Wilson of …
Latest Washington DC Net Lease Stories
SRS national net lease group’s Andrew Fallon and Rick Fernandez, partnering with Joe Friedman, partner at Edge and managing director of capital markets, have brokered the $27-million sale of a Whole Foods Market-occupied retail condominium. The 42,243-square-foot retail asset is on Duke Street in Old Town Alexandria. The net-leased property, with about four years remaining …
Baltimore-based St. John Properties and intelligence/cybersecutiry firm ANALYGENCE have signed a lease agreement for 9,054 square feet of space within 8115 Maple Lawn Boulevard in Fulton, MD. Bill Jautze of St. John Properties represented the landlord and Scott Mendelson and Kristin Rebeck of Edge represented the client in this lease transaction. With this lease, the …