Blackstone’s QTS Eyes $600M Loan
A data center at a 210-megawatt Phoenix campus will back the note.
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A data center at a 210-megawatt Phoenix campus will back the note.
The post Blackstone’s QTS Eyes $600M Loan appeared first on Commercial Property Executive.
The facility totals 60,000 square feet.
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Retail REITs own and manage retail real estate and rent space in those properties to tenants. Properties include large regional malls, outlet centers, grocery-anchored shopping centers, and power centers that feature big box retailers.
The deal marks the company’s expansion into direct lending capital solutions.
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The facility will include office and lab space, as well as test tracks.
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The property is the owner's second in this metro.
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Multiple retail properties are included in the transaction.
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The business park includes 11 buildings.
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A molecular diagnostics company fully preleased the property in Austin.
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Business is changing, but some things about investment and finance are constant.
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The REIT is eyeing the site for a major ground-up office development.
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The acquisition includes two office properties and a grocery-anchored retail center.
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The transaction is on track to close by the end of the third quarter.
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Each month, Nareit highlights recent executive career moves, board changes, and other notable individual achievements and developments within the REIT and publicly listed real estate market.
The buyer shelled out $42 million.
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Cushman & Wakefield arranged the portfolio’s disposition to three separate buyers.
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The metro remains one of the top U.S. markets for development and sales.
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Tom Monaghan, the founder of the pizza chain, still owns the property where the company is headquartered.
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Mike Stewart and Shelby Thomas of Bass, Berry & Sims on how owners can navigate common area maintenance provisions in an uncertain economy.
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The tenant will use the space to support Ford Motor Co.'s nearby production lines.
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