GAS Distomo has acquired Crossroads Entertainment Center from 26 Del Sur Crossroads I LLC for $25.5 million. The 90,879 sq. ft. regional retail center anchored by Harkins Theatres is located in Chino Hills, Calif. The center, which is 98% occupied, includes a mix of regional and national tenants including Z Pizza and Kiku Sushi. Faris Lee Investments represented the seller and Commercial Real Estate Services represented the buyer.
Bethlehem LVCC Associates LP has acquired a five-building office portfolio from Liberty Property Trust for an undisclosed amount. The portfolio is currently 91% occupied and situated in Lehigh Valley Corporate Center, a 175-acre master-plannedwith over 629,000 sq. ft. of Class-A office space in 23 buildings located in the Lehigh Valley office market of Wayne, Pa. CB Richard Ellis represented the seller.
Holliday Fenoglio Fowler has arranged $36.5 million in financing for 1300 Connecticut Avenue, a 125,885 sq. ft., Class-A office building in Washington, D.C. HFF directors Cary Abod in Washington, D.C. and Brian Carlton inworked exclusively on behalf of Dividend Capital Total Realty Trust to secure the seven-year, fixed-rate loan with National Life Insurance Co. Loan proceeds were used to acquire the $63.6 million property.