Category Archives: REITs

Tetraphase Pharmaceuticals Extends Lease in Watertown, MA

ARE-480 ARSENAL STREET, LLC, a subsidiary of Alexandria Real Estate Equities, Inc., has extended the lease term for Tetraphase Pharmaceuticals, Inc at 480 Arsenal St in Watertown, Mass. Tetraphase Pharmaceuticals’…

KBS REIT III Agrees to Acquire Reston Square for $48M

A wholly owned subsidiary of KBS Real Estate Investment Trust III has entered into an agreement to acquire Reston Square, an office property containing 139,071 rentable square feet on 2…

NYCR Buys 570 Seventh Ave for $170.3M, Signs The Carlyle Group to One-Year Lease

American Realty Capital New York City REIT, Inc. (NYCR), a public non-traded real estate investment trust (REIT), has completed its acquisition of 570 Seventh Avenue, an office property in Times…

KBS REIT III Pays $33.8M for Rocklin Corporate Center Near Sacramento

A subsidiary of KBS Real Estate Investment Trust III has acquired the Rocklin Corporate Center, an office property containing 220,020 rentable square feet on approximately 13.9 acres of land in…

Plymouth Industrial REIT Acquires 2.63M SF Portfolio for $95.6M

Subsidiaries of the operating partnership of Boston-based Plymouth Industrial REIT, Inc. have completed the acquisition of 13 industrial properties located in Illinois, Ohio and Tennessee. The properties consist of an…

Bloomberg Extends Leases Covering 188,608 SF at 731 Lexington Ave

Bloomberg L.P. has exercised an option to extend its leases covering 188,608 square feet of office space at 731 Lexington Avenue. The leases were scheduled to expire in 2015. The…

Piedmont Office Realty Trust to Buy 25.2 Acres in Lake Mary, FL

Johns Creek, GA-based Piedmont Office Realty Trust, Inc. has entered into a binding agreement to purchase approximately 25.2 acres of land adjacent to its 400 TownPark property in Lake Mary,…

Supernus Pharmaceuticals Extends Lease, Expands in Rockville, MD

Supernus Pharmaceuticals, Inc. has amended its lease with ARE-Acquisitions, LLC, an affiliate of Alexandria Real Estate Equities, for its headquarters space at 1550 East Gude Dr in Rockville, MD. The…

Industrial Property Trust to Acquire CostCo Distribution Center in NJ for $23.5M

A subsidiary of Denver-based Industrial Property Trust Inc. has agreed to acquire a 100 percent fee interest in the 8A Distribution Center, an industrial building at 1 Jebara Way in…

REIT Agrees to Pay $29.25M for Hilton Garden Inn in Austin, TX

Moody National REIT I, Inc. has agreed to acquire the Hilton Garden Inn Northwest Arboretum, a hotel property in Austin, Texas, for an aggregate purchase price of $29.25 million, excluding…