Mixed-Use

JV SECURES LOAN FOR FINAL PHASE OF BOOTT MILLS COMPLEX

by admin October 10, 2012

LOWELL, MASS. — Fantini & Gorga served as lead advisor on a financing package for the $36.4 million Boott Mills West construction project in the National Historic Park in Lowell. The project used three kinds of tax credits — federal, state and new market — as well as a $19.1 million loan placed by Fantini & Gorga. A joint venture between Winn Development and Rees-Larkin Development is transforming a 19th century mill into 77 apartments and 42,684 square feet of office space. Boott Mills West is located at 141 John St. and is the last undeveloped phase in the Boott Mills complex, which includes the Boott Cotton Mills Museum, the Tsongas Industrial History Center and The Apartments at Boott Mills. Joe Eddy and Tim O'Donnell of Fantini & Gorga handled the assignment.

October 10, 2012

ATLANTA’S EMORY POINT SIGNS FIVE NEW TENANTS

by admin October 8, 2012

ATLANTA — The $100 million Emory Point project, a mixed-use development located near Emory University and the Centers for Disease Control (CDC) in Atlanta, has signed three new restaurants and two new retailers, including Burgerfi, Bonefish Grill, Paradise Biryani Pointe, LOFT and Francesca’s Collections. Emory Pointe is 82 percent committed with the addition of these five tenants. Retailers, restaurants and other services are expected to open at Emory Pointe this November. Atlanta-based Cousins Properties Inc. and Gables Residential are collaborating for the first time on Emory Pointe.

October 8, 2012

Mixed-Use Southeast

$93M ARRANGED FOR WASHINGTON, D.C., MIXED-USE PORTFOLIO

by admin October 5, 2012

WASHINGTON, D.C. — Walker & Dunlop has arranged $93 million in financing for a portfolio of mixed-use properties in Washington, D.C. The four-property portfolio totals 257,000 square feet in D.C.’s Chinatown neighborhood. Deutsche Bank provided $55 million in permanent financing for two of the properties. A 119,000-square-foot building at 800 F St. N.W. includes the International Spy Museum, office tenants Varian Medical Systems, Washington Media and Ziemba Waid Public Affairs, and nine apartment units. A 35,000-square-foot property at 425 Seventh St. N.W. includes a cluster of three-story buildings with office and retail space, featuring restaurants Carmine’s and Luke’s Lobster. RBS Citizens provided $38 million in interim financing for the other two properties, including 704-718 Seventh St. N.W. and 726-738 Seventh St. N.W./702 H St. N.W. Those properties total more than 100,000 square feet in several buildings and Douglas Development is headquartered in the space.

October 5, 2012

Mixed-Use Western

JAMESTOWN ACQUIRES 799 MARKET STREET IN SAN FRANCISCO

by admin October 3, 2012

SAN FRANCISCO – Jamestown has purchased 799 Market Street, a 142,902-square-foot, mixed-use property in Downtown San Francisco, for an undisclosed sum. The Class A retail and office building is located on the northeastern corner of Market and Fourth streets at the intersection of the city’s Union Square shopping district and South of Market (SOMA) tech corridor. The building’s 55,000 square feet of retail space is fully occupied by a Ross Dress for Less flagship store. The eight-story property also includes five floors of creative office space. It is currently 89 percent leased. The seller, a partnership between Urban Realty and Commonfund, was represented by Eastdil Secured, which also helped Jamestown secure financing.

October 3, 2012

Mixed-Use Northeast

SUFFOLK BREAKS GROUND ON $127M RESIDENTIAL TOWER

by admin October 3, 2012

BOSTON — Suffolk Construction has broken ground on a $127 million residential tower, known as 120 Kingston Street, in Boston. The 293,000-square-foot tower will border the city's Chinatown neighborhood and the Rose Fitzgerald Kennedy Greenway. The 26-story tower will feature 240 apartments ranging from studios to three-bedroom units and 4,500 square feet of street-level retail space. The building will be triangular in shape and is scheduled for completion in 2014. The project teams include developers Forest City and Hudson Group North America, architect firms Elkus Manfredi Architects and Perkins Eastman for the exterior of the building and RODE architects for the interior spaces.

October 3, 2012

Mixed-Use Northeast

SPICE FACTORY BUILDING SECURES $2.3M LOAN

by admin October 3, 2012

NEW YORK CITY — Johnson Capital has arranged a $2.3 million loan for the 36,000-square-foot Spice Factory mixed-use property in Flemington. The property consists of a three-story, 32,000-square-foot office building and a two-story retail building. The property is a former spice factory built in 1930 and converted into office space in 2001. The borrower purchased a defaulted loan at a discount to the unpaid principal balance and simultaneously took title through a pre-negotiated agreement with the owner. The new 18-month loan accounts for 67 percent of the total project costs, including property acquisition, fees and transaction costs.

October 3, 2012

Mixed-Use Western

JAMESTOWN ACQUIRES 799 MARKET STREET IN SAN FRANCISCO

by admin October 3, 2012

October 3, 2012

Mixed-Use Texas

CASTLE HILLS VILLAGE SHOPS EXPANSION UNDER WAY

by admin October 1, 2012

LEWISVILLE — Bright Realty has begun development of the Castle Hills Village Shops, located at 2540 King Arthur Blvd. in Lewisville, that will add approximately 18,543 square feet for retail and restaurant space and 29,943 square feet of office space. The new phase is scheduled for spring 2013 completion.

October 1, 2012

Mixed-Use Northeast

MIXED-USE BUILDING SELLS FOR $10.1M IN COLLEGE POINT

by admin September 28, 2012

NEW YORK CITY — A mixed-use building at 14-34 110th St. in Queens has sold for $10.1 million. The seven-story building, which was completed in 2006, includes 34 residential units, 23,585 square feet of office space and a 12,000-square-foot lobby. Amenities include a gym, laundry room, storage room and roof deck. The property is located on the College Point waterfront and has the potential to add a marina development with 50 boat slips. Stephen Preuss and Evan Daniel of Massey Knakal represented both parties in the transaction.

September 28, 2012

Mixed-Use Northeast

GEBROE-HAMMER ARRANGES $3.5M IN DEALS IN NEW JERSEY

by admin September 26, 2012

ELIZABETH, N.J. — Gebroe-Hammer Associates recently closed two transactions for a combined $3.5 million in Elizabeth. Stephen Tragash of Gebroe-Hammer represented the buyer and seller in the $1.7 million sale of a 19-unit apartment building at 547-555 S. Broad St. The three-story, all-brick building is within walking distance of mass transit and shopping. Tragash also represented both parties in the $1.8 million sale of a 20-unit apartment building at 150-152 Elmora Ave. The property also features ground-floor retail.

September 26, 2012

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