Delamore Cos., a Newport Beach, Calif.-based private, has acquired One Elizabeth Place, a medical office mall, for $46.7 million from Dayton, Ohio-based RNS Equities. Located in Dayton, the property consists of over 1 million sq. ft. and sits on 27 acres of land. The building is 80% occupied and is made up of four specialty hospitals, including a surgical hospital and an acute rehabilitation hospital. The mall underwent a $28 million renovation in 2002.
Fairfield Residential has acquired The Hawthorne at Gillette Ridge, an apartment complex, from a joint venture between CIGNA Realty Investors and The Bozzuto Group for $52.5 million. The property is located in Bloomfield, Conn. and was built in 2004. The Hawthorne has 246 luxury apartment homes within 10 three-story buildings, which includes condominiums, restaurants, retail space and 1.5 million sq. ft. ofspace.
Griffin Partners of Houston has acquired 1301 Fannin for $114.5 million from The Shidler Group in partnership with Angelo Gordon & Co. The 25-story office tower in Houston consists of 786,400 sq. ft. of office space and a five-level parking garage. The property has undergone more than $5.6 million in upgrades. On-site amenities include a full-service cafeteria, conference center and banquet facilities. The building is 87% occupied.