New Tenant at Park Plaza Professional Center, Pembroke Pines

Park Plaza Professional Center announced today the signing of a lease with Prescription Pad Pharmacy for 2000 square feet at Park Plaza Professional Center. The project, on 9.77 acres, is being developed by locally based Sky Development Inc., and will consist of two four-story, 80,000 SF buildings with retail on the first floor. The project will include a four-story parking garage with 538 parking spaces to be accompanied by an additional 288 surface... 

Equity Based Services, Inc. Acquires $11.3 Million Facility in Las Vegas

Equity Based Services, Inc. announced the acquisition of Silverado Self Storage in Las Vegas, NV. Silverado is located at 8250 South Maryland Parkway, with ample frontage along Interstate 215. This Class-A, institutional investment grade facility is located in an affluent infill location within Las Vegas. The project is positioned between three major thoroughfares, situated within a high density, well established, upper income area. Silverado boasts... 

AvalonBay Announces Formation of a New Investment Management Fund

AvalonBay Communities, Inc. announced the formation of AvalonBay Value Added Fund II, L.P., a private, discretionary investment vehicle with commitments from four institutional investors and AvalonBay Communities, Inc. (“AvalonBay”). Fund II will acquire and operate multifamily apartment communities primarily in AvalonBay’s high barrier-to-entry markets of the Northeast, Mid-Atlantic, Midwest, and West Coast regions of the U.S. with... 

Equity One Acquires 3 South Florida Properties in a Joint Venture with DRA Advisors for $53 Million

Equity One, Inc., an owner, developer, and operator of shopping centers, announced today that it has completed the acquisition of three value-added properties located in South Florida in a joint venture with an affiliate of DRA Advisors LLC. The acquired properties are: Plantation Marketplace – a 230,330 square foot community retail center located in Plantation, Florida and anchored by Winn-Dixie and CVS. Penn Dutch Plaza – a 155,628 square foot... 

The Locke Group and Sovran Self Storage Close Acquisition of Lock-N-Key Portfolio

The Locke Acquisition Group LLC announced today that it represented Sovran Self Storage, Inc. in its acquisition of Hendry Investments Inc.’s 21 self storage facilities operated under the trade name Lock-N-Key. Sovran Self Storage is a Real Estate Investment Trust listed on the NYSE under the symbol SSS. Sovran will operate the properties under its brand: Uncle Bob’s Self Storage. The portfolio, valued at $143 million, was acquired by Sovran through...