Mixed-Use

10.7-ACRE MIXED-USE DEVELOPMENT IN SAN ANTONIO SELLS

by admin September 7, 2011

SAN ANTONIO — Dallas-based Crow Holdings Capital Partners has purchased Quarry Village, a 10.7-acre mixed-use development in San Antonio. Quarry Village is San Antonio's first urban main street development and includes The Artessa, a 280-unit apartment community, and a 70,785-square-foot retail development. Holliday Fenoglio Fowler's Craig LaFollette represented the seller, San Antonio-based Embrey Partners, and equity partner Nationwide Insurance in the transaction. The Artessa features a 6,700-square-foot clubhouse, demonstration/catering kitchen, a climate-controlled wine-tasting room, public terraces, a multi-level bocce ball courtyard, two pools, two five-story parking garages and 46,000 square feet of balcony space. The retail portion includes tenants AMAR Cosmetics, Ann's Nails, Avant Salon/Spa, Clear Communications, EyeMasters, Five Guys, Jamba Juice, Max's Wine Dive, Nancy's Boutique, Nest Modern, New Balance, Red Mango, South Texas Saddlery, Starbucks, The Shoe Club and Urban Taco.

September 7, 2011

INVESCO BUYS OFFICE/RETAIL BUILDING IN PALO ALTO

by admin September 7, 2011

PALO ALTO, CALIF. — Invesco Real Estate has purchased a 23,605-square-foot, multi-tenant office/retail building at 490 California Ave. in Palo Alto for an undisclosed sum. The four-story building is composed of three floors of pure office space atop a mix of ground-floor office and retail space. The building was 100 percent leased at the time of sale. The lease expirations ranged from 2011 through 2021. The seller, 490 CA – TMI, LLC, was represented by Laurence Blickman, Sam Wright, Michael Courson and Jamie D’Alessandro with Cassidy Turley Palo Alto.

September 7, 2011

Mixed-Use Southeast

SOUTHERN LAND BREAKS GROUND ON $50M MIXED-USE DEVELOPMENT

by admin September 6, 2011

NASHVILLE, TENN. — Franklin, Tenn.-based Southern Land Co. has broken ground for Elliston 23, a $50 million, mixed-use development project located at 2300 Elliston Place in Nashville. The property will feature 331 multifamily units, a 15,000-square-foot retail and restaurant component, and will be built to LEED Silver certification standards. Completion is slated for fall 2012.

September 6, 2011

Mixed-Use Northeast

MIXED-USE PROPERTY IN NYC SELLS FOR $9.13M

by admin September 6, 2011

NEW YORK CITY — A mixed-use condominium property at 1356 First Ave. on the corner of First Avenue and East 73rd Street has been sold for $9.13 million. The five-story property totals 19,840 square feet. Massey Knakal's Guthrie Garvin and Joan McLaughlin of The Corcoran Group handled the transaction. The commercial condominium is currently occupied by a restaurant, while the property's other condominiums are residential.

September 6, 2011

Mixed-Use Texas

HUNTER LEE LLC PURCHASES MIXED-USE COMPLEX IN SAN ANTONIO

by admin September 6, 2011

SAN ANTONIO — Hunter Lee LLC has purchased Judson Business Center, a 21,000-square-foot mixed-use complex at 13777 Judson Rd. in San Antonio. The business center has 10 occupants that include both office and retail tenants. Joe Linsalata of Linsalata Realty Services brokered the sale on behalf of the seller, James Krempen-Judson 35 Development and Construction. The buyer was self-represented.

September 6, 2011

Mixed-Use Northeast

NORTHMARQ ARRANGES $44M MORTGAGE FOR FRANKLIN VILLAGE PLAZA

by admin September 2, 2011

FRANKLIN, MASS. — NorthMarq has arranged $44 million in first mortgage financing for Franklin Village Plaza, a 304,277-square-foot mixed-use shopping center in Franklin. NorthMarq's Doug Nickerson and Greg Nalbandian arranged the financing based on a 5-year term with a 30-year amortization schedule. The financing was arranged on behalf of borrower CSC Franklin Village LP through NorthMarq's correspondent relationship with Sun Life Assurance Co. of Canada. The shopping center sits on 32.07 acres and features 246,287 square feet of retail space and 57,990 square feet of office space. Tenants include Stop & Shop, Marshalls, British Beer Co. and Panera Bread.

September 2, 2011

Mixed-Use Northeast

MIXED-USE PROPERTY IN MANHATTAN SELLS FOR $9.13M

by admin August 31, 2011

NEW YORK CITY — A New York City mixed-use property in Manhattan’s Upper East Side has been purchased for $9.13 million. The property is located at 1356 1st Ave. and consists of 26 residential units and a ground-floor restaurant, Petaluma. The buyer, Delsha Capital, represented themselves in the transaction. Distinct New York, an affiliate of Delsha, is now the exclusive marketing agency for the mixed-use property.

August 31, 2011

Mixed-Use Northeast

HUDSON REALTY CAPITAL FUNDS LOAN FOR NYC LOFT BUILDING

by admin August 29, 2011

NEW YORK CITY — Hudson Realty Capital has funded a $5.65 million DPO loan for a 14,000-square-foot mixed-use loft building in New York City’s Tribeca neighborhood. The five-story property is 100 percent occupied, and features 1,200 of retail space and four floor-through residential units. Hudson’s Spencer Garfield arranged the loan for the borrower and the loan will refinance and renovate the property with bathroom retrofits, sprinkler installation, exterior plantings and common area upgrades on the interior. The property was built in 1880 and offers an exterior brick façade and interior wood frames.

August 29, 2011

Mixed-Use Northeast

JV PURCHASES DISTRESSED PHILADELPHIA APARTMENT

by admin August 22, 2011

PHILADELPHIA — A joint venture between Philadelphia-based Resource Real Estate and a private hedge fund has purchased the whole mortgage loan of School Lane House Apartments, a 338,546-square-foot mixed-use property with 494 residential units and 12 retail units. The two-building, 11-story property is located at 5450 Wissahickon Ave. in Philadelphia’s East Falls area and includes a fitness center and parking garage. Mark Thomson and Zachary Pierce of Marcus & Millichap represented the seller, an East Coast commercial bank, and procured the joint venture.

August 22, 2011

Mixed-Use Texas

CONSTRUCTION ON UNIVERSITY PARK LIBRARY SET TO COMMENCE

by admin August 19, 2011

DALLAS — Construction is set to commence in September on the five-story mixed-use building that will house the University Park Library in the new Plaza at Preston Center in Dallas. The construction will also add a multi-level underground parking garage, which will add 450 parking spaces to the center. The entire project is slated for a winter 2012 completion. Good Fulton & Farrell is designing the project and Rogers O’Brien Construction is the contractor. Venture Commercial is leasing the retail space, and Altschuler and Co. is leasing the office space. Other tenants include New Balance, Baskin Robbins, Corner Bakery Café, Lucky Dog Barkery and Matthew Trent Jewelry Design Studio.

August 19, 2011

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