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Transactions - DECEMBER 23, 2016

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Recent commercial real estate transactions

by Andrea Waitrovich

Below is a sampling of recent property transactions. The largest transactions are two portfolios.

Gramercy Property Trust has acquired a 17-property core logistics portfolio for $521 million. The move comes as part of its effort to enhance its industrial portfolio, which now comprises around 70 percent of its total portfolio, up from 47 percent a year ago. The class A warehouse portfolio acquired comprises 10.3 million square foot of space, positioned in strategic logistics markets throughout the United States. There are 15 stabilized assets in this portfolio, spanning 9.3 million square feet, having a weighted average remaining lease term of 5.2 years. These 15 assets are located in Atlanta, Charleston, Cincinnati, Dallas, Indianapolis, Jacksonville, Memphis and Sacramento.

Moreover, there are two value-add assets, which aggregate around 980,900 square feet of space. One of the value-add property is in Fairfield, Calif., with a short-term in-place lease, whil

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