Connell Foley Relocates NJ HQ

Connell Foley LLP opened a new 75,000-square-foot corporate HQ at 56 at Roseland in NJ. The 400,000-square-foot repositioned suburban office building is owned by joint venture partners Mountain Development Corp. (MDC) and Square Mile Capital. MDC’s Michael Seeve says, “Connell Foley’s decision to move its headquarters here after 30 years at its previous location in

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Orlando Power Center Trades for $56.4M

Millenia Plaza, a 411,503-square-foot, core, fully-leased regional power center in Orlando has traded hands for $56.4 million. West Palm Beach, FL-based North American Development Group purchased the center from Site Centers, a Beachwood, OH based retail investor. Completed in 2001 and renovated in 2011, Millenia Plaza is the largest open-air center in the trade area

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New 350K-SF Spec Industrial Development ‘Stacks Up’ in Oregon

Chicago-based CRG plans to build The Cubes at Troutdale, a 350,000-square-foot speculative industrial and logistics facility in the Troutdale Reynolds Industrial Park on Portland, OR’s eastside along Interstate 84. The investment by CRG is backed by institutional capital, and will deliver a state-of-the-art logistics facility that is designed to meet the needs of today’s modern industrial user and high-profile

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Scannell Plans Speculative Development in Milwaukee

Indianapolis-based Scannell Properties plans to develop a 150,000-square-foot speculative industrial facility on Milwaukee’s northwest side. The real estate development and investment company selected Willowbrook, IL-based Morgan / Harbour to execute the project. The 12.5-acre parcel at 12111 and 12255 W. Carmen Ave., is envisioned for a facility featuring 15 exterior docks with 16 knock-out panels

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Donaldson, Declaration, Angelo & Gordon Grab Maryland MF

Rockville, MD-based The Donaldson Group, New York-based Declaration Capital, and New York-based Angelo, Gordon & Co. acquired Plaza Towers Apartments for roughly $42.6 million, in an off-market transaction. The 288-unit high rise apartment community is located in Hyattsville, MD. The Donaldson Group’s John Majeski says, “Plaza Towers is a well-built apartment community in a fantastic

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Conor Commercial, Globe Corp. Divest Arizona Facility for $27M

Rosemont, IL-based Conor Commercial Real Estate and Globe Corporation sold AZ|60 Industrial, a two-building, 225,600-square-foot facility in Gilbert, AZ for $27 million. The buyer was U.S. Trust, Bank of America Private Wealth Management, which facilitated the purchase on behalf of an unnamed family office. Cushman & Wakefield’s Will Strong, who led the sales team, says,

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Law Firm Takes 100K SF at New ATL MXU

Smith, Gambrell, & Russell signed a 102,320-square-foot lease at 1105 West Peachtree in Atlanta’s Midtown submarket. The deal with the 125-year-old Atlanta-based law firm was one of the largest office leases inked in Midtown last year. Cushman & Wakefield’s Shea Meddin, Andrew Ghertner, Carla Williams and John Izard represented the tenant. Chris Ahrenkiel and Steve

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Michele Schiffer Joins Specht in Portland

Portland, OR-based Specht Properties, Inc. expanded its leadership team with the addition of Michele Schiffer as Vice President of Property Management. Schiffer will oversee the property management firm’s portfolio of commercial office and industrial property located throughout the Portland metro and SW Washington region. Schiffer joins Specht with more than 20 years of experience in

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