Recent commercial real estate acquisitions
Below is a sampling of recent property transactions tracked by Real Capital Analytics (RCA). The largest completed transactions included retail purchases by Alexander & Baldwin and Rubenstein Real Estate.
Alexander & Baldwin paid $141.5 million for Pearl Highlands Center, located in Pearl City, Hawaii, from AEW Capital Partners. The 415,000-square-foot retail power center is anchored by Sam’s Club, 24-Hour Fitness, Pier One Imports and Ross Dress for Less.
In Newark, Del., Pennsylvania REIT sold the 302,800-square-foot Christiana Center for $75 million. The buyer was Rubenstein Real Estate.
| Buyer | Seller | Type | Size | Location | Price (M) | Price/Units |
| Camden Property Trust | iStar Financial | Apartment | 170 units | Tempe, AZ | $34.00 | $200,000.00 |
| H. Lebaron Preston | Lynd | Apartment | 340 units | Tampa, FL | $32.00 | $94,117.65 |
| Capital Square Realty Advisors | Abington Holding | Apartment | 348 units | Tampa, FL | $31.00 | $89,080.46 |
| Intercontinental Real Estate Corp. | Goodman Real Estate | Apartment | 104 units | Seattle, WA | $27.55 | $264,865.38 |
| Landmark ATA | Mission Residential | Apartment | 360 units | Nashville, TN | $22.30 | $61,944.44 |
| CIM Group | Carmel Partners | Apartment | 88 units | Washington, DC | $16.46 | $186,988.64 |
| Landmark ATA | Mission Residential | Apartment | 240 units | Greensboro, NC | $14.78 | $61,583.33 |
| Intercontinental Real Estate Corp. | Goodman Real Estate | Apartment | 51 units | Seattle, WA | $13.55 | $265,666.67 |
| Elmington Capital | First Cumberland Properties | Apartment | 322 units | Antioch, TN | $11.48 | $35,652.17 |
| Irvine Co. | Arden Realty | Industrial | 187,976 sf | Santa Clara, CA | $55.00 | $292.59 |
| Cole Real Estate Investments | LBA Realty | Industrial | 102,182 sf | Phoenix, AZ | $18.91 | $185.06 |
| Cole Real Estate Investments | LBA Realty | Industrial | 80,322 sf | Tempe, AZ | $14.42 | $179.47 |
| Altus Properties | IRET Properties | Industrial | 322,751 sf | Minneapolis, MN | $12.80 | $39.66 |
| Altus Properties | IRET Properties | Industrial | 118,125 sf | Burnsville, MN | $7.29 | $61.71 |
| Altus Properties | IRET Properties | Industrial | 121,669 sf | Minneapolis, MN | $4.50 | $36.99 |
| Altus Properties | IRET Properties | Industrial | 50,400 sf | Minneapolis, MN | $2.55 | $50.60 |
| Altus Properties | IRET Properties | Industrial | 42,929 sf | Minneapolis, MN | $1.16 | $27.02 |
| Clarion Partners | Invesco Real Estate | Office | 157,563 sf | Boston, MA | $54.40 | $345.26 |
| Health Care REIT | Investcorp/Flagler Realty & Development | Office | 133,348 sf | Boynton Beach, FL | $49.50 | $371.21 |
| Artis REIT | Miller Global Properties | Office | 152,629 sf | Phoenix, AZ | $38.60 | $252.90 |
| Meditech | Adobe Systems | Office | 100,088 sf | Waltham, MA | $25.00 | $249.78 |
| Cole Real Estate Investments | LBA Realty | Office | 122,646 sf | Phoenix, AZ | $23.02 | $187.65 |
| ARC Global | Shidler Group | Office | 87,000 sf | Fort Washington, PA | $13.40 | $154.02 |
| Bai Zhi Yan | MSMC | Office | 110,213 sf | San Jose, CA | $12.00 | $108.88 |
| Alexander & Baldwin | AEW Capital Partners | Retail | 411,945 sf | Pearl City, HI | $141.50 | $343.49 |
| Rubenstein Real Estate | Pennsylvania REIT | Retail | 302,779 sf | Newark, DE | $75.00 | $247.71 |
| Love Realty | P/A Florida Associates | Retail | 10,000 sf | Palm Beach, FL | $28.10 | $2,810.00 |
| BLDG Management/Brick Realty Capital/Eastern Consolidated | Federal Realty Investment Trust | Retail | 44,280 sf | Forest Hills, NY | $20.50 | $462.96 |
| BET Investments | Korman Commercial Properties | Retail | 131,035 sf | Feasterville Trevose, PA | $18.23 | $139.12 |
| Cole Real Estate Investments | Yuk Kam Francini/Fa Choi Gee | Retail | 20,752 sf | Coventry, RI | $11.60 | $558.98 |
| Inland Real Estate Corp./PGGM | Gatlin Development Co. | Retail | 62,307 sf | Milwaukee, WI | $10.27 | $164.75 |
| Inland Real Estate Corp./PGGM | Gatlin Development Co. | Retail | 71,927 sf | Menomonee Falls, WI | $8.72 | $121.23 |
| Inland Real Estate Corp./PGGM | Gatlin Development Co. | Retail | 40,302 sf | Milwaukee, WI | $5.26 | $130.51 |
