SAN DIEGO — 1Mission, a mixed-use residential and retail property in the San Diego submarket of Mission Hills, has sold to Paragon Acquisitions, LLC for $8.6 million. It is located at 4033 Goldfinch Street. The 20,111-square-foot property was developed by CLB Partners. The buyer was represented in-house by Dan Berkus. The seller, Paseo de Mission Hills, LLC, was represented by Michael Burton of Cassidy Turley and Linville Martin of Perry Commercial Real Estate.
FORT WORTH, TEXAS — Centergy West 7th LP, a partnership managed by Centergy Retail, closed on approximately 30 acres of land on West 7th Street in Fort Worth. Centergy purchased the land from Chesapeake Land Development, which originally wanted to build a corporate campus at the site. Centergy is planning to construct a 2 million-square-foot mixed-use development on the lot, which will include retail, residential, office and hospitality components. The tract of land links the Fort Worth Central Business District to the Cultural Arts District.
MINNEAPOLIS — Walgreens and Haiku Sushi have signed leases to take up all of the retail space at The Station on Washington, a student residential and retail complex on the University of Minnesota's East Bank campus. Walgreens will occupy approximately 7,000 square feet of space and is scheduled to open in August. Haiku Sushi will occupy 4,000 square feet of space. The six-story building will contain 11,000 square feet of ground-level retail space and 97 residential units. Amenities will include underground parking, a fitness center and study lounge space. The Station on Washington is slated for completion in August. The Opus Group is the developer of the project.
LINCOLN, NEB. — DLR Group has been selected to design a $32 million mixed-use development project in Lincoln. The Exchange at Antelope Valley, which will be developed by Hoppe Brothers, will include housing, retail and a 32,000-square-foot grocery store. The historic Windstream warehouse on the site will be renovated into apartments.
NEW YORK CITY — Brookfield Office Properties Inc. has secured leases with eight restaurants to operate casual concepts in the new waterfront-dining terrace the company is building at Brookfield Place in Lower Manhattan. The 600-seat terrace is part of Brookfield's $250 million redevelopment of the Brookfield Place complex, formerly known as the World Financial Center. The dining area is currently under construction and is scheduled to open in January 2014. Brookfield has partnered with AvroKO and BCV Architects to design the terrace, which will be located above a European-style marketplace.
BROOKFIELD, WIS. — As part of an agreement with Marcus Corp., the Mandel Group will oversee the residential design, development and apartment leasing for The Corners of Brookfield, a $125 million mixed-use project. Approximately 150 luxury apartments will be built above the retail shops in the open-air, town-center-style development site in Brookfield. Upon completion, Mandel Property Services Inc., an affiliate of Mandel Group, will manage the leasing and operation of the upscale apartment community. The Corners of Brookfield is a 460,000-square-foot development in suburban Milwaukee that will be built on a 19-acre site at the intersection of I-94, Barker Road and Bluemound Road. Developers have targeted spring 2013 to start construction with a fall 2014 projected opening.
NEW YORK CITY — Massey Knakal Realty Services has arranged the sale of a mixed-use building for $11.3 million. The six-story, 58,400-square-foot building, located on 103 Thayer St., includes 68 residential units and six retail units. Fort Tryon Park, home of the Cloisters Museum, is located across the street and provides tenants with outdoor amenities such as playgrounds, tennis courts, ball fields, hiking trails and a waterfront promenade. Robert Shapiro of Massey Knakal handed the transaction.
WHITE PLAINS, N.Y. — Houlihan-Parnes Realtors LLC and Q10 Realty Advisors LLC have arranged financing for 170 Hamilton Ave. in White Plains for $6 million. The mixed-use property includes 60,000 square feet of office and retail space with 16 tenants and is managed and leased by GHP Office Realty. The five-year loan was placed with a local bank at an interest rate of 4.25 percent with a 30-year amortization schedule. Bryan and James Houlihan of Houlihan-Parnes Realtors arranged the loan. Michael Karger of Madison Abstract arranged the title. Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP represented the borrower.
MORRISTOWN, N.J. — A three-story, mixed-use building has sold for $1.2 million in Morristown. The 5,000-square-foot property, which is located at 28 W. Park Place, includes two commercial units with office space on the top floor. A restaurant is leasing the ground-floor unit. The upper floors were vacant at the time of sale. New York City-based Massey Knakal arranged the sale.
DEERFIELD, ILL. — The John Buck Co. has hired CBRE Inc. to handle leasing for Parkway North Center in Deerfield, a northern suburb of Deerfield. The 1 million-square includes a Marriot Suites hotel, three office buildings, a daycare center and athletic club. Two of the buildings have vacancy rates of more than 50 percent. Parkway North Center is located at 3 Parkway N.