Six State, 27-Property Self Storage Portfolio Sold

A joint venture partnership between certain funds managed by Westport Capital Partners LLC and Store Here Management, LLC divested a 27-property self storage portfolio totaling 1.7 million square feet. The portfolio totals 12,171 units, and is located in Colorado, Georgia, Indiana, Kansas, Louisiana and Texas. The portfolio, which currently operates under the Store Here brand,

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CREW-OC Forms Vital Partnership with Chrysalis

By Dennis Kaiser Recently, a partnership was launched between CREW Orange County (CREW-OC) and Chrysalis, two nonprofit organizations that believe in empowering individuals. For nearly 30 years CREW-OC has provided opportunities for networking, education, leadership development, and philanthropic involvement for commercial real estate professionals. Since 1984, Chrysalis has offered crucial services including job-readiness classes, résumé

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Trophy South Beach Walgreens Asset Hits Market at $79M

A 19,000-square-foot trophy Walgreens, on the ground-floor of the famed Ritz-Carlton Hotel in Miami Beach, FL, has been listed by Marcus & Millichap for $78.9 million. Simon Jonna and Raymond Jonna are representing the seller, an unnamed private Miami-based developer. Simon Jonna says, “This flagship Walgreens is one of the retailer’s top-performing Southeast locations. The

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SRS Opens Detroit Office, Adds Trio of Net Lease Pros

SRS Real Estate Partners welcomed three new team members to its newest office in Detroit. Michael Carter and Frank Rogers joined as first vice presidents, with Joseph Simon joining as an associate. The trio will be part of SRS’ National Net Lease Group, and specialize in the acquisition and disposition of single-tenant and multi-tenant investment

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Restaurant Depot Nabs Land for Milwaukee Center

Restaurant Depot paid $4.2 million to acquire seven acres on Becher Street in Milwaukee. Next month, the cash-and-carry wholesale restaurant supplier will demolish abandoned buildings on the site to make way for a new 70,000-square-foot operation center. According to Jerry Daws with Republic Property, the acquisition required a “prolonged negotiation” to convince the former property

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AEW Inks 68K SF in Chicago with Silicon Valley-Based Startup

Upwork, the largest global freelancing website, plans to take 67,730 square feet of space at 525 West Van Buren, a 16-story office tower in Chicago’s West Loop. The nearly 520,00-square-foot Class A property is held by Boston-based AEW Capital Management, LP. Cresa’s Allen Rogoway, Janna Luce and Eric Nolin represented the tenant. JLL’s Melissa Rubenstein

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Morgan Properties Bags Bennington Crossings in Virginia for $62M

Bennington Crossings, a 308-unit, garden-style multi-housing community in Alexandria, VA, has traded hands for $62.3 million. King of Prussia, PA-based Morgan Properties acquired the asset from Chevy Chase, MD-based JBG Smith. The property is situated on 13.1 acres at 441 N. Armistead St. inside the Capital Beltway (Interstate 495) and just off Interstate 395. The property

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National Land Realty Expands to Colorado

National Land Realty, a land sales and investment company, has merged with D-Brands Realty in Cheyenne, CO. The merger helps the Greenville, SC-based land investment company expand to Colorado. “When most people think of Colorado, they think of the Rockies, but the eastern part of the state has some of our country’s best values for

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MLP Launches Co-working Platform for Tech, Life Science Sectors

MLP Ventures, which specializes in repurposing legacy corporate and government properties, has launched The Discovery Labs, a co-working ecosystem for the healthcare, life sciences and technology sectors. The new platform’s first project is a $500-million, 1.6-million-square-foot campus encompassing two legacy properties in Pennsylvania’s Montgomery County: GlaxoSmithKline’s Upper Merion West Campus and the Innovation at Renaissance Campus

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