NEW YORK CITY — CIM Group and Kushner Cos. have acquired a 121,000-square-foot office and retail building, located at 200 Lafayette St. in Soho. CIM and Kushner plan to convert the property into Class A retail and office space later this year. Capital One Bank occupies 4,500 square feet of ground-floor retail. About 16,500 square feet of retail and 100,000 square feet of office space are available. The purchase price was undisclosed.
NEW YORK CITY — A mixed-use building at 195 Smith St., located between Warren and Baltic streets in Brooklyn, has sold for $1.6 million. The three-story property is 3,532 square feet, with one vacant retail unit on the ground floor and two apartments above. Kenneth Freeman of the New York office of Massey Knackal Realty Services represented the undisclosed seller in the transaction.
NEW YORK CITY — Massey Knackal Capital Services has closed a $1.8 million loan for a mixed-use property in Brooklyn's Greenpoint neighborhood. The property consists of seven residential units and one commercial unit. The 7-year, fixed-rate loan was executed through Fannie Mae at an interest rate of 4.4 percent. The borrower is a partnership of attorneys.
WINDCREST — Dallas-based Stratford Land has acquired 111 acres of infill land, located at the northwest corner of Interstate Highway 35/410 North and Eisenhauer Road in Windcrest, a suburb of San Antonio. The site is called Eisenhauer Point and will house a mixed-use project, which will feature multifamily, retail, restaurant and entertainment properties. Steve Sanders of Stratford Land will oversee Eisenhauer Point's development.
DURHAM, N.C. — Chevy Chase, Md.-based Federal Capital Partners (FCP) has purchased Phase I of West Village, a mixed-use development located at 212 N. Duke St. in Durham, from members of National Champion Real Estate for $32.52 million. The project includes 241 apartment units and 10,000 square feet of integrated retail. FCP will partner with Greensboro, N.C.-based Bell Partners, who will invest alongside FCP in the deal. Cleveland-based BGL Real Estate Advisors, a division of Brown Gibbons Lang & Co., represented the seller in the transaction. Bethesda, Md.-based First Capital Realty represented the buyer.
FORT WORTH — Hillwood Communities has entered into a joint venture with Dallas-based Realty Capital Management to develop approximately 1,000 acres of land, located at the northwest corner of Interstate 35 West and FM 407 between Fort Worth and Denton, for a new master planned community known as Belmont. The project will feature 130 acres for mixed-use developments and 2,500 residential homes. The joint venture is expecting to break ground on the development in the summer of 2012.
TAKOMA PARK, MD. — Federal Capital Partners (FCP) has formed a joint venture with Level 2 Development to develop the $36 million Takoma Central, a mixed-use development located at 235-255 Carroll St. NW in Takoma Park. The project will include 156 apartment units and 8,000 square feet of ground floor retail. Amenities will include a fitness center, business center, outdoor terrace, community room and bike storage. MAC Realty Advisors represented Level 2 Development in the formation of the joint venture. Completion is slated for the fourth quarter of 2013.
WASHINGTON, D.C. — EDENS has purchased the 50,560-square-foot Jenkins Row Retail, a grocery-anchored urban retail asset located at 1391 Pennsylvania Ave. SE in Washington, D.C., from Jenkins Row Retail LP. The property is part of the Jenkins Row mixed-use development, which includes 247 luxury apartments in addition to the retail portion. Tenants include Harris Teeter, Subway, Signal Financial and GameStop. Washington, D.C.-based Transwestern's Institutional Commercial Group represented the seller in the transaction.
THE WOODLANDS — Talisman Energy, USA, has leased approximately 218,000 square feet of space in Buildings 2 and 4 in Research Forest Lakeside, a 1.8 million-square-foot master planned community located between Lake Woodlands Drive and Research Forest Drive in The Woodlands. Buildings 2 and 4 are currently under construction and are slated for a spring 2013 completion. Houston-based Harvey Builders is the contractor and ZC+O (a collaboration between Ziegler Cooper Architects and Odell Associates) designed the Building 2 to receive LEED-Silver certification and Building 4 to receive LEED-Gold certification. Additionally, Haynes Whaley is the structural engineer for the project, DBR, MEP and Jones Carter are the civil engineers and Clark Condon Associates is the landscape architect. Greg Cizik and Edward Edson of Colliers International's Houston office, along with David Harvey and Sharma Christi of the firm's Calgary office, represented the tenant in the transaction. JD Warmack LP is the owner/developer of the master planned community.
ATLANTA — Los Angeles-based Cohen & Associates has purchased Renaissance Walk, a mixed-use development located at 171 Auburn Ave. NE in Atlanta, for $12.5 million. The original developer sold 21 of the condominium units before converting the remaining 140 units into apartments. Also included in the property is 30,500 square feet of retail space. The apartments are currently 90 percent occupied. CBRE represented both the buyer and the seller in the transaction. Shlomi Ronen of Los Angeles-based Dekel Capital arranged financing.