REBusinessOnline

Marcus & Millichap Orchestrates $2.1M Sale of Mixed-Use Building in Toms River, New Jersey

TOMS RIVER, N.J. — Marcus & Millichap has arranged the $2.1 million sale of a 28,400-square-foot, mixed-use property in Toms River. Located at 26 Main St., the property is currently occupied by 26 tenants. Alan Cafiero and Ben Sgambati in Marcus & Millichap’s New Jersey office represented the seller, a partnership, in the transaction. The buyer was a personal

Endeavor, MetLife Break Ground on 30-Story Mixed-Use Tower in Downtown Austin

AUSTIN, TEXAS — Endeavor Real Estate Group and joint venture partner MetLife Investment Management have broken ground on The Quincy, a 30-story mixed-use tower that will be located in downtown Austin. The project will deliver 347 apartments across 19 floors, three floors of Class A office space totaling 77,540 square feet and 10,360 square feet of ground-floor retail space. Amenities will include a pool, exercise lawn, sports lounge, media room and a coworking space and business center, as …

HFF Arranges $125.7M Construction Loan for Mixed-Use Project in South Florida

BOCA RATON, FLA. — HFF has arranged a $125.7 million construction loan for Uptown Boca, a 38-acre mixed-use project in Boca Raton. Jutland Finance Inc. provided the floating-rate loan to the development team of Giles Capital Group, Rosemurgy Properties, Schmier Property Group and Wheelock Street Capital. Elliott Throne, Steven Klein and Jesse Wright led HFF’s debt placement team in the transaction. The developers broke ground in October 2018 and said Uptown Boca will comprise 456 …

Marcus & Millichap Orchestrates $1.2M Sale of Mixed-Use Building in New Jersey

MONTCLAIR, N.J. — Marcus & Millichap has arranged the $1.2 million sale of a 4,500-square-foot mixed-use property in New Jersey. Located at 413 Bloomfield Ave., the property consists of two apartment units and one retail unit. Alan Cafiero, Ben Sgambati, Chip Collins, David Cafiero, Michael DeVita and Thomas Cleary of Marcus & Millichap’s New Jersey office represented the seller, a personal trust, in the transaction. The buyer was a limited liability …

Sanctuary, Varden to Co-Develop $280M Mixed-Use Project in Metro Atlanta

KENNESAW, GA. — Sanctuary Cos. and Varden Properties will co-develop Eastpark Village, a $280 million mixed-use project that will comprise 850 residential units and about 300,000 square feet of office, retail and commercial space and a village green. The project is situated on about 57 acres just south of historic downtown Kennesaw, and about 28 miles northwest of downtown Atlanta. The Meridian Real Estate Group and Keller Williams Realty Signature Partners represented the developers in …

TIER REIT Joins Development Team for $400M Mixed-Use Project in Atlanta’s Buckhead District

ATLANTA — Dallas-based TIER REIT has joined lead developer Regent Partners and Batson-Cook Development Co. (BCDC) in the $400 million development of 3354 Peachtree Road, the last undeveloped parcel in Atlanta’s Buckhead district. The proposed project sits on three acres and will comprise 560,000 square feet of office space, 60 condominiums and a 300-unit multifamily building. The project is expected to break ground in the fourth quarter of this year and be delivered in 2022. …

Colliers Arranges $19.6M Sale of Mixed-Use Building in Boston

BOSTON — Colliers has arranged the $19.6 million sale of a mixed-use property in Boston’s Downtown Crossing neighborhood. Located at 29-35 Temple Place, the recently renovated property consists of 42, short-term housing units as well as ground-floor retail currently leased to Democracy Brewing, a restaurant and brewery. Christopher Sower, Bruce Lusa, Jonathan Bryant, John Flaherty, Maggie Collins and Patrick Boyle of Colliers represented the buyer, Premier Capital Partners, in the …

Colliers Arranges $130M Sale of 60-Acre Parcel Near Las Vegas Strip for Mixed-Use Development

LAS VEGAS — Colliers International | Las Vegas has arranged the sale of a land parcel located on the corner of Harmon Avenue and Koval Lane in Las Vegas. Nevada Development Associates VI LP acquired the asset from an undisclosed seller for $130 million. Situated near the Las Vegas Strip, the 60-arce site includes the Harbor Island apartment complex, which is adjacent to the Hard Rock Hotel & Casino. The site is poised for a mix of high-density residential, retail and/or …

Origin Investments Completes Phase II of Mixed-Use Development in Atlanta’s Virginia Highland Neighborhood

ATLANTA — Origin Investments has completed Phase II of 675 N. Highland, a mixed-use development that features 164 residential units and 28,000 square feet of commercial/retail space in Atlanta. Phase II delivered 39 residential units comprising 15 studio apartments, 21 one-bedroom units and three two-bedroom floor plans. Phase II also included 8,282 square feet of office space. Amenities at 675 N. Highland include a fitness center, clubroom, package concierge service, swimming pool, bocce …

Madison Realty Capital Provides $21.4M Refinancing for Mixed-Use Development in Queens

NEW YORK CITY — Madison Realty Capital has provided a $21.4 million loan to refinance a 78,313-square-foot mixed-use building in Queens. Located at 251-73 Jericho Turnpike, the newly constructed property is 70 percent leased to six office and retail tenants. The exterior of the building is primarily brick, steel and glass. Madison Realty Capital provided the financing to borrower AB Capstone, which plans to use the funds to refinance previous debt and support final lease-up of the …

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