Commercial real estate deal

7-Figure+ Deals Closed in July

Want to keep up to date on the latest commercial real estate deals?

Below, we cover four 7-figure+ deals closed in July 2020.

$134,000,000 Office Development Deal

On July 8, Chicago Title National Commercial Services brokered the sale of a $134,000,000 office development in San Francisco, CA.

$10,250,000 Multifamily Property Deal

Also on July 8, Meridian Investment Sales brokered the sale of a $10,250,000 multifamily property in The Bronx.

According to Connect New York, “[Amit] Doshi and [Shallini] Mehra, along with Seth Glasser and Michael Fusco of the New York Multifamily Group at Marcus & Millichap, represented both the seller, the Caruso family, and the purchaser, Doug Peterson of City Skyline Realty in the brokerage teams’ co-exclusive.”

$17,300,000 Shopping Center Deal

On July 16, Matthews Real Estate Investment Services brokered the sale of a 3-property shopping center portfolio in West Virginia for $17,300,000.

According to the firm’s press release, “The portfolio boasts a 99% occupancy rate with 87% of tenants being national credit retailers. The ±165,954 square foot portfolio sold for $104 per square foot.

$1,800,000 Medical Office Deal

On July 21, Marcus and Millichap Real Estate Investment Services brokered the sale of a 5,514-square-foot medical office in Gilbert, AZ for $1,800,000.