In the current time when some guy is just looking to buy a new car or some students are thinking to buy essays online, A subsidiary of HNA Ecological Technology Group Co., Ltd., a division of HNA Group of China, has acquired the 29-story office building at 123 Mission Street in San Francisco for $255 million in cash. The Class A office tower was sold by the U.S. subsidiary of Great Eagle Holdings, a Hong Kong real estate company that also owns the luxury hotel chain, Langham Hospitality Group. Great Eagle Holdings’ Bay Area arm, Pacific Eagle Holdingspaid $179 million for the office tower December 2013 when it purchased the office building from Sumitomo Corp. of America.

“As the prices of office buildings in San Francisco have appreciated rapidly over the past year, especially in downtown San Francisco where the building is located, the general partner and asset manager believes that it is appropriate to dispose of the property,” allowing the seller “to take advantage of the favourable market conditions,” Great Eagle Holdings said in the filing.

123 Mission, formerly the Pacific Gas & Electric Building, was designed by Skidmore, Owings and Merrill and developed by the Shorenstein Company in 1986; the Gensler-designed lobby was later renovated in 2009. At ground level, the building includes 2,577 square feet of retail space for four vendors, and below grade parking to accommodate up to 90 parking stalls. Located in the San Francisco Financial District’s South of Market submarket, the 346,000 square foot office building is two and a half blocks from San Francisco Bay and a short distance to the AT&T Park, home of the San Francisco Giants. The building is currently 95% occupied with 14 tenants, according to financial documents.

Minneapolis-based Meritex, a private real estate investment and management company, announced its first acquisition in the Charlotte, NC real estate market with the purchase of the industrial CLT Logistics Center for $46.3 million. In a deal brokered by CBRE, the 11 building industrial complex was sold by Carlson Real Estate. Terms of the sale were not disclosed, and it’s unclear when Carlson originally acquired the property.

“This acquisition is in keeping with our strategy of investing in markets that provide opportunity for growth, expansion and diversification,” said Dan Williams, chief investment officer for Meritex, in a press release. “The CLT Logistics Center comes with a sizable and diverse array of highly functional assets and excellent tenants. It also provides us with the opportunity to develop up to three modern industrial buildings totaling 200,000 square feet on the adjacent land site.”

The 583,021 square foot complex at Yorkmont and International Drive includes a 14-acre land parcel ready for development. Each building features durable and attractive concrete tilt wall construction, 18-20 foot clear heights, full sprinkler system, truck-high loading docks and drive-in doors, and abundant parking. The property was 91% leased at the time of sale with major tenants including Bimbo BakeriesFedEx and DC74 Data CentersFoundry Commercial has been named the listing agent and property manager for CLT Logistics Center.

Chicago-based Mesirow Financial announced this week that it has acquired the 1.15 million square foot regional headquarters for Verizon in Irving, Texas in a sale-leaseback deal worth $344 million, one of the largest real estate deals in North Texas this year. Mesirow Financial’s Sale-Leaseback Capital group in partnership with Kawa Capital financed the purchase in collaboration with Mesirow Financial’s Credit Tenant Lease and Institutional Sales and Trading groups. Under the terms of the deal, Verizon will lease back the full property for 20 years with optional extensions. Cushman & Wakefield served as Verizon’s real estate adviser on the transaction.

“This transaction once again signifies the strong collaboration between our capital markets businesses. We continue to enhance our full-service platform in acquiring single-tenant properties on a national basis, complemented by our strong capabilities in mezzanine and senior debt placement,” said Richard Price, chairman and chief executive officer of Mesirow Financial, in a press release.

“This transaction provides our company with immediate financial benefits and does so in a way that supports our continuing interests in the development of Las Colinas. The extension of our tenancy through a sale and restructured lease affirms the value we see of having located in such a dynamic area for so many years,” added John Vazquez, senior vice president and head of global real estate for Verizon.

The 51.2 acre campus on Hidden Ridge Drive near State Highway 114 was built in 1991 and sits adjacent to a planned $1 billion mixed-use project dubbed Hidden Ridge, to be developed by KDC and include offices, a new commuter rail station, shops and a hotel. Mesirow Financial plans to invest $20 million to upgrade the parking and facilities at Verizon in the next three years, according to a Dallas Business Journal article. Last May, Mesirow Financial acquired Verizon’s campus in New Jersey, which was valued at $650 million, which are among the two largest non-government single asset credit tenant lease deals ever consummated, said Stephen Jacobson, a senior managing director of Mesirow’s credit tenant leaseback and structured debt products group.

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