September 2, 2016
CoStar Group
Equity Commonwealth Trades Midwest Office Portfolio to Hertz Investment Group for $417 Million.
Equity Commonwealth CoStar Group
September 2, 2016
Cleveland.com
North Point office complex in downtown Cleveland sold for $95 million, records show.
That figure popped up in documents filed Thursday, four days after California-based Hertz announced that it had bought a cluster of Midwest office properties in the company’s largest acquisition to date. The combined deals, in Cleveland, Milwaukee and Indianapolis, carried a price tag of $416.9 million. ( more )
September 2, 2016
BizTimes.com
100 East sale price: $78 million.
Exceeds assessed value, but lower than last time it was sold. ( more )
August 29, 2016
Rebusiness Online
Hertz Investment Group Buys Midwest Office Portfolio for $416.9M
Hertz Investment Group has purchased four office buildings in the Midwest for $416.9 million. Equity Commonwealth sold the 3.1 million-square-foot portfolio. The transaction includes 111 Monument Circle and 101-115 West Washington Street in Indianapolis, North Point Office Complex in Cleveland, and 100 East Wisconsin in Milwaukee. The portfolio was 86.5 percent leased at closing. ( more )
August 29, 2016
Milwaukee Journal Sentinel
Office tower at 100 E. Wisconsin sold
Hertz Investment Group, a privately held company based in Santa Monica, Calif., said Monday it has bought the 35-story office building at 100 E. Wisconsin in downtown Milwaukee.… ( more )
August 29, 2016
Indianapolis Business Journal
Two downtown office towers change hands in $417M acquisition
Two of the largest office buildings in downtown Indianapolis have been sold as part of a $416.9 million, four-building acquisition by Hertz Investment Group, the company announced Monday morning. The Salesforce Tower and Circle Building contain 1.2 million square feet of space. Salesforce Tower & Circle Building (formerly known as Chase Tower and Bank One Tower) and the PNC Center were part of a 3.1-million-square-foot package, Santa Monica, California-based Hertz said.… ( more )
August 29, 2016
Crain’s Cleveland Business
Chicago REIT sells North Point as part of $417 million deal to Hertz Investment Group
North Point, the office complex at 901 Lakeside Ave., is now one of Hertz Investment Group’s three skyscrapers in downtown Cleveland. The prior owner, Chicago-based Equity Commonwealth (NYSE: EQC), announced Monday, Aug. 29, that it has sold the property and three other office buildings in the Midwest for a total of $421.9 million.… ( more )
August 29, 2016
Milwaukee Business Journal
100 East office tower sold to California investor Hertz
The 100 East office tower in downtown Milwaukee sold in a $416.9 million portfolio sale to Hertz Investment Group of California.… ( more )
August 21, 2016
Crain’s Cleveland Business
Hertz may add North Point to its portfolio
Hertz Investment Group of Santa Monica, California is taking steps signaling it wants to make the North Point office complex, 901 Lakeside Ave., its third skyscraper in downtown Cleveland… ( more )
December 21, 2015
Richmond Times-Dispatch
Riverfront Plaza buildings sold for $147.5 million
The twin towers of Riverfront Plaza overlooking the James River in downtown Richmond have a new owner… ( more )
December 23, 2015
Virginia News
Hertz buys Rivefront Plaza office towers in downtown Richmond for 147.5 million
Hertz is the new owner of Riverfront Plaza. The two-tower, 22-story, Class A office complex is located downtown next to the James River… ( more )
October 1, 2015
Mississippi Business Journal
Hertz continues shopping spree with purchase of Jackson’s City Centre
Hertz Investment Group, downtown Jackson’s dominant landlord, has added to its Central Business District holdings with a $6.2 million acquisition of the two-tower City Centre and its parking garage at 200 Lamar St.… ( more )
September 18,2015
Cleveland.com
Forest City sells Skylight Office Tower at Tower City for $35.4 million
The new owner is an affiliate of Hertz Investment Group, a California-based buyer that entered the Cleveland market earlier this year by purchasing Fifth Third Center on Superior Avenue.… ( more )
June 11, 2015
Mississippi Business Journal
Hertz Group makes largest acquisition in firm’s history
Hertz Investment Group, which has become the dominant landlord in Jackson’s Central Business District, has completed a $417 million acquisition… ( more )
June 8, 2015
TheState.com
Meridian Building sold to California company
Hertz Investment Group has purchased six office towers in four Southern cities, including the Meridian Building in downtown Columbia, in a $417 million acquisition.… ( more )
June 8, 2015
Press Release
Hertz Investment Group Announces Largest Acquisition in Company History with Southeast Portfolio Purchase
Hertz Investment Group (HIG) today announced it has acquired from Equity Commonwealth a portfolio of six Class A office buildings in the Southeast totaling more than 3-million square feet.… ( more )
March 11, 2015
Press Release
Hertz Investment Group Announces Purchase of Chestnut Place in Worcester, Massachusetts
Hertz Investment Group (HIG) today announced it has completed the acquisition of Chestnut Place, a 218,625 squarefoot office building… ( more )
April 8, 2015
Press Release
Hertz Investment Group Announces Purchase of Fifth Third Center in Downtown Cleveland
Hertz Investment Group (HIG) today announced it has completed the acquisition of Fifth Third Center, a 508,397-square-foot Class A office building… ( more )
December 19, 2014
Press Release
Hertz Investment Group Announces Purchase of South Pointe Business Park in Clinton, Mississippi
Hertz Investment Group (HIG) today announced it has completed the acquisition of South Pointe Business Park in Clinton, Mississippi, a 395,920 sq. ft. Class A property… ( more )