Deals and Moves: Nov. 16
Car rental merger approval, commercial leasing selection, retail property sales.
Car rental company Hertz Global Holdings Inc., in Park Ridge, announced Thursday it has reached an agreement with the U.S. Federal Trade Commission to complete its $2.6 billion cash acquisition of Tulsa-based Dollar Thrifty Automotive Group Inc. by accepting to sell its Advantage brand, the rights to operate 29 Dollar-Thrifty airport locations and other certain assets to Franchise Services of North America Inc. subsidiary Adreca Holdings Corp. following the close of the transaction.
The East Brunswick office of commercial real estate brokerage firm CBRE Group Inc. announced Thursday it has been appointed exclusive leasing agent by Duke Realty, in Indianapolis, for a 1 million-square-foot class A development site in Linden.
The Philadelphia office of real estate investment services firm Marcus & Millichap Real Estate Investment Services announced Thursday it has sold a strip mall in the Sicklerville section of Winslow, an automotive parts store in Scotch Plains and a convenience store in North Wildwood for a combined $11.75 million.