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Atlanta Investor Acquires Large Portfolio from Piedmont Office Realty Trust

Pictured: Piedmont Pointe I in Bethesda, MD.An Atlanta-based subsidiary of Utah’s Bridge Investment Group is making a major statement with the acquisition of more than a dozen office properties in eight markets across the United States.

Bridge Office Fund Manager, led by Atlanta native Jeff Shaw, confirmed Monday it is the buyer of the 13-building portfolio from affiliates of Piedmont Office Realty Trust, a REIT based in the Atlanta suburb of…

Avison Young Taps Public Markets for New CFO

Toronto-based Avison Young has reached into the public markets to tap its new chief financial officer, Christine Battist, who was most recently CFO at Silver Bay Realty Trust.

Battist, who will work out of the global firm’s Chicago office, is being brought in as a principal of the firm after 25 years of financial management experience that includes her time at public REITs Silver Bay (NYSE: SBY), a Plymouth, MN-based single-family rental property…

Animal Supply Co. Relocating to 220,000 SF at Brewster Creek Business Park

A leading wholesale pets products distributor signed a long-term lease for 220,000 square feet of industrial space within the Brewster Creek Business Park in Bartlett, IL.

Animal Supply Co. will relocate its operations from 6450 Muirfield Dr. in Hanover Park to 1323 Brewster Creek Blvd., a 421,401-square-foot, Class A warehouse developed last year by Exeter Property Group.

Adam Marshall, SIOR, CCIM, Brian Carroll and Mark Deady, CCIM brokered…

Crate & Barrel Inks Deal to Anchor Office Portion of The Fields

Crate & Barrel has signed on to anchor the office component of Merit Properties’ The Fields redevelopment in Chicago.

The American retail store chain will occupy 117,000 square feet across the top floor of the six-story loft building at 4000 W. Diversey Ave. The company will use the space for photo and video production.

The building is part of The Fields, Merit Properties’ 22-acre, 1.5 million-square-foot redevelopment of the former Marshall…

LEI Trades for 26-Building Industrial-Office Portfolio

An affiliate of Los Angeles-based Lowe Enterprises and its joint-venture partner have acquired 26 industrial and office buildings scattered across 16 states from AIC Ventures.

The buildings totaling 2.3 million square feet, known as the NL Ventures IX Portfolio, span 24 major submarkets concentrated mainly in the Midwest and eastern U.S., including Connecticut, Illinois, Ohio, Minnesota, Wisconsin, Texas and New Jersey.

Investment manager Lowe…

KKR Kicks Off 2018 by Raising $2 Billion for Real Estate Investment Fund

Ralph Rosenberg, KKR’s Global Head of Real Estate. Credit: KKRGlobal investment firm KKR kicked off the private equity fundraising markets with a strong start in 2018. The New York-based firm held final close this week on its KKR Real Estate Partners Americas II (REPA II), a $2 billion fund dedicated to value add and opportunistic real estate investments primarily in the U.S.

REPA II is the successor fund to KKR Real Estate Partners Americas, which…

Electrolux Renews 965,183-SF Lease at Minooka Ridge Business Park

Electrolux Home Products has extended its lease at Duke Realty’s 965,183-square-foot 801 Midpoint Rd. facility in Minooka, IL for six years and two months, or 72 months.

Duke Realty developed the single-story distribution center on a speculative basis along the I-80 corridor and five miles from the I-55/I-80 interchange within the Minooka Ridge Business Park. Located on 52.44 acres, the cross-docked facility features 121 loading docks, four drive…

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