FAIRFIELD, CONN. — The Febbraio Group, a Coldwell Banker Commercial affiliate, has completed the $3.24 million sale of an office facility in Fairfield. The 13,000-square-foot building is located at 363 Reef Rd. Thomas Febbraio of the Febbraio Group represented the buyer, Pagent, LLC, and the seller, ACA Distributors.
SUFFIELD, CONN. — Keith Kumnick and Nicholas Morizio of Colliers Down & Condon have brokered the $1.5 million sale of an industrial facility in Suffield. The 45,834-square-foot facility is located at 1251 E. St. S. The building was purchased by EDM Distributors from Suffield Associates.
SUFFIELD, CONN. — Keith Kumnick and Nicholas Morizio of Colliers Down & Condon have brokered the $1.5 million sale of an industrial facility in Suffield. The 45,834-square-foot facility is located at 1251 E. St. S. The building was purchased by EDM Distributors from Suffield Associates
HARRISBURG, PA. — Robert Holland of The Kislak Company has completed the $9.3 million sale of Twelve Trees Apartments in Harrisburg. The 163-unit complex features three two-story apartment facilities that include 60 units and six two-story buildings that contain 76 townhome residences. At the time of the sale, the facility was 95 percent occupied. Holland represented the seller, Paxton Hills Associates, and the buyer, LCL Equities. Sovereign Bank provided funding for the disposition.
HARRISBURG, PA. — Robert Holland of The Kislak Company has completed the $9.3 million sale of Twelve Trees Apartments in Harrisburg. The 163-unit complex features three two-story apartment facilities that include 60 units and six two-story buildings that contain 76 townhome residences. At the time of the sale, the facility was 95 percent occupied. Holland represented the seller, Paxton Hills Associates, and the buyer, LCL Equities. Sovereign Bank provided funding for the disposition.
CRANBURY, N.J. — PETCO has leased 142,915 square feet of warehouse and distribution space in Alder Development’s 1250 South River Road industrial building in Cranbury. Situated on more than 15 acres, the facility contains 223,000 square feet of industrial space and features 32-foot clear ceiling heights, 30 tailgate loading doors, two drive-in doors and pre-cast concrete panels. Joshua Adler of Adler Development negotiated the lease for Adler in-house, and Seth Dudley of Studley represented PETCO in the negotiations.
CRANBURY, N.J. — PETCO has leased 142,915 square feet of warehouse and distribution space in Alder Development’s 1250 South River Road industrial building in Cranbury. Situated on more than 15 acres, the facility contains 223,000 square feet of industrial space and features 32-foot clear ceiling heights, 30 tailgate loading doors, two drive-in doors and pre-cast concrete panels. Joshua Adler of Adler Development negotiated the lease for Adler in-house, and Seth Dudley of Studley represented PETCO in the negotiations.
LANCASTER, PA. — KeyBank Real Estate Capital has closed a $200 million Fannie Mae structured credit facility for Campus Apartments. Upon closing, Campus Apartments used $26.43 million of the credit facility to pay off the construction financing for College Row, a 393-bed property located at Franklin & Marshall College in Lancaster. Over a 3-year period, Campus Apartments plans to acquire and develop $1 billion in student apartments. Gregg Wallace of AMA Financial facilitated the transaction.
LANCASTER, PA. — KeyBank Real Estate Capital has closed a $200 million Fannie Mae structured credit facility for Campus Apartments. Upon closing, Campus Apartments used $26.43 million of the credit facility to purchase College Row, a 393-bed property located at Franklin & Marshall College in Lancaster. Over a 3-year period, Campus Apartments plans to acquire and develop $1 billion in student apartments. Gregg Wallace of AMA Financial facilitated the transaction.
YORK, PA. — Bulls Capital Partners has provided $7.5 million in refinancing for Stonewood Village Townhomes in York. The multifamily facility comprises 144 apartment units situated within 18 townhouse style buildings. Mark Van Kirk of Bulls Capital and Steve Arnold of Columbia National Real Estate originated the loan on behalf of the borrower, Victory Realty Group. Funding was provided by Fannie Mae.