Mixed-Use

FANTINI & GORGA ARRANGES $12 MILLION FOR MIXED-USE PROJECT

by admin April 25, 2014

ATTLEBORO, MASS. — Fantini & Gorga has arranged a $12 million financing package for the development of Renaissance Station in Attleboro. Located at the corner of Wall and Main streets, the transit-oriented, mixed-use development will include a six-story residential tower with 80 apartments on five floors and a first-floor commercial space. The residential tower will feature a mix of modified loft-style apartments with one- and two-bedrooms, common rooms and a fitness center. The project is slated for completion in spring 2015. The borrower is Renaissance Station LLC, an affiliate of Crugnale Properties LLC. RESKON Group is serving as project manager and Annino Inc. is providing architectural services.

April 25, 2014

BRE COMPLETES CONSTRUCTION ON $105M MIXED-USE PROJECT IN LA

by admin April 25, 2014

LOS ANGELES — BRE Properties has completed construction on the $105-million Wilshire La Brea mixed-use development in Los Angeles. The 800,000-square-foot project includes 478 residential units atop 39,000 square feet of retail. The Art Deco retail component is called The Square at Wilshire La Brea. Wilshire La Brea is located at the intersection of Wilshire Boulevard and La Brea Avenue in the Mid-City neighborhood. Residential amenities include two fitness centers, a mezzanine with a wet bar and deck, two swimming pools with massage spas, a club room, a sundeck and rooftop skydeck with fireplaces and barbeque grills, and a game room with televisions, poker tables and shuffleboard. The 3.38-acre site was previously occupied by an abandoned bank building that had been converted to a Korean church. This was one of the first projects to take advantage of Los Angeles’ new planning policy, which allows obsolete structures to be replaced, thereby encouraging higher-density projects in the city’s urban infill areas. The project is targeting LEED-Silver certification. It was built by Bernards and designed by TCA Architects.

April 25, 2014

Mixed-Use Northeast

5,000 SF MIXED-USE PROPERTY SELLS FOR $5.6 MILLION IN NYC

by admin April 24, 2014

NEW YORK CITY — Besen & Associates has completed the off-market $5.6 million sale of a mixed-use property at 361 First Ave. in the Gramercy neighborhood of New York. The four-story, 5,000-square-foot building consists of five free-market apartments, one office and one retail store, which is occupied by Dunkin’ Donuts through 2025. Shoy McKen of Besen & Associates represented the undisclosed seller, while Amit Doshi and Ishan Chhabra, also of Besen & Associates, procured the undisclosed buyer.

April 24, 2014

Midwest Mixed-Use

GOODMAN REAL ESTATE SERVICES ARRANGES $2M SALE OF SHOPPING CENTER IN OHIO

by admin April 17, 2014

NEWARK, OHIO — Cleveland, Ohio-based Goodman Real Estate Services Group LLC has arranged the $2 million sale of Mt. Vernon Crossing, a shopping center in Newark anchored by Kohl’s Department Store. The property is located at 155 Deo Drive and is shadow-anchored by Kroger. The property was 90 percent leased at the time of the sale. The acquisition was an off-market transaction. Kyle Hartung of Goodman Real Estate Services represented the undisclosed buyer. Hartung also represented Planet Fitness, which leased 17,992 square feet at the shopping center. Newark is located approximately 40 miles east of Columbus.

April 17, 2014

Mixed-Use Western

FARMERS MARKET PROPERTY IN LOS ANGELES RECEIVES $100M CREDIT FACILITY

by admin April 16, 2014

LOS ANGELES – The famous Farmers Market property in Los Angeles has received a $100-million credit facility. The open-air shopping center is located on the northeast corner of 3rdStreet and Fairfax Avenue in the Fairfax District. It is sits adjacent to The Grove and across from CBS Television City. The collateral property contains about 237,300 square feet of retail, restaurant and office space. It was redeveloped in 2001, at which time the A. F. Gilmore Company added four new Class A office and retail buildings on land adjacent to the Original Farmers Market. The new addition totaled about 168,200 square feet. Major Farmers Market tenants include Cost Plus, Zara USA, Planet Dailies LA, Sur La Table, Marmalade Café, Chipotle and Starbucks. The Original Farmers Market was also refurbished in 2001. It currently contains about 68,400 square feet of retail and restaurant space throughout a cluster of buildings. Most of the market’s 100 tenants occupy 1,000 square feet or less. The borrower, an entity controlled by the A. F. Gilmore Company, purchased the site in 1880. The Original Farmers Market opened in 1934. The company’s headquarters is still located in the Gilmore Adobe on the Farmers Market grounds. The credit facility …

April 16, 2014

Mixed-Use Southeast

$3.5M MIXED-USE DEVELOPMENT PLANNED IN LAKE MARY

by admin April 14, 2014

LAKE MARY, FLA. — Chris and Dana Mahnken of Lake Mary plan to develop a 32,000-square-foot office and retail building at East Crystal Lake Avenue in Lake Mary. The mixed-use property will be adjacent to the planned Lake Mary SunRail Station platform and across from a new 200-unit luxury apartment project. SunRail is a planned $1.2 billion commuter rail line in Central Florida. The property, known as Station Pointe at Lake Mary, will feature a coffee shop, sandwich shop, drug store, dry cleaner and beauty salon, along with office space. Construction is slated to begin in 2015. Realtor Rick Bavec has begun pre-leasing the development on behalf of the development team.

April 14, 2014

Mixed-Use Northeast

SILVERSHORE PROPERTIES PURCHASES FLATIRON BUILDING FOR $3.3M

by admin April 11, 2014

NEW YORK CITY — Silvershore Properties has purchased 27 East 20th Street for $3.3 million. The 5,200-square-foot four-story walk-up building, located between Park Avenue South and Broadway, features Rohm Thai Restaurant on the ground level and Bove Hair Salon on the second floor. Two full-floor apartments fill the two top floors. The property includes an additional 4,000 square feet of air rights. AY & Associates, which owned the building for more than 30 years, sold the property.

April 11, 2014

Mixed-Use Southeast

SPERRY VAN NESS ARRANGES $2.5M MIXED-USE BUILDING IN CORAL GABLES

by admin April 10, 2014

CORAL GABLES, FLA. — Sperry Van Ness South Commercial Real Estate Advisors brokered the sale of a three-story mixed-use office building in Coral Gables. The asset sold for approximately $2.5 million. Laura Kefalidis of Sperry Van Ness’ Miami office represented the buyer, 815 Ponce investments LLC, in the transaction. The 14,376-square-foot property features ground-floor retail space and covered parking. Miguel Alcivar of CBRE represented the seller, GML LLC.

April 10, 2014

Midwest Mixed-Use

@PROPERTIES COMMERCIAL BROKERS LEASE FOR 3,072 SF MULTI-USE BUILDING

by admin April 10, 2014

CHICAGO — Brokerage firm @properties Commercial has arranged a seven-year lease for a 3,072-square-foot multi-use building in Chicago. The space is in the Elston Corridor, located at 1731-1749 N. Elston Ave. Rebecca Lundstrom and Jim Moller of @properties Commercial represented the landlord, Urban Development LLC. Eric Myers of Avison Young represented the tenant, Edge Athletics Inc., an athletic training company. Other tenants in the building include Crossfit, Fresenius Medical, Akira, Creative Scholars and Language Stars.

April 10, 2014

Mixed-Use Texas

TRADEMARK PROPERTY TO EXPAND WESTBEND WITH 81,150 SF BUILDING

by admin April 10, 2014

FORT WORTH, TEXAS — Trademark Property Co. will expand its WestBend mixed-use development in Fort Worth with a new 81,150-square-foot building. The facility will include 23,500 square feet of retail space pre-leased to Fresh Market, and 57,650 square feet of Class A office space. Trademark has demolished the existing parking garage on the site, which is located on the southeast corner of WestBend, and will begin construction of the new structure this summer. Completion is slated for 2015, with Fresh Market opening shortly afterwards. Trademark also announced the lease of 3,950 square feet elsewhere within the WestBend development to Grimaldi’s Pizzeria.

April 10, 2014

Newer Posts

Older Posts