Mixed-Use

HOLLADAY TO DESIGN FRONIUS HEADQUARTERS

by admin March 27, 2012

PORTAGE, IND. — Fronius USA has selected Holladay Properties and Holladay Construction Group to design and construct the company's new headquarters in Portage. The company develops and manufactures battery charging systems. The 399,500-square-foot project will include 20,000 square feet of office space, as well as the construction of a welding shop and service center for Fronius' products. Holladay Construction will serve as the general contractor and Holladay Properties will complete the design work. Construction is expected to wrap up this September.

March 27, 2012

GROUNDBREAKING HELD FOR NEW OFFICE, DATA CENTER

by admin March 22, 2012

NEEDHAM, MASS. — Construction has begun on a new data and office building for Digital Realty Trust, a data center provider, in Needham. The facility is located at 105 Cabot St. and will comprise 130,335 square feet. Jones Lang LaSalle will serve as the leasing agent. The project is slated for completion in the second quarter of 2013.

March 22, 2012

Mixed-Use Northeast

PARTNERSHIP BUYS BRONX MIXED-USE BUILDING

by admin March 21, 2012

NEW YORK CITY — A partnership has acquired a 300,000-square-foot building located at 1775 Grand Concourse in the Bronx. The buyers include James Houlihan of Houlihan Parnes Realtors and Sam Jemal, Joseph Jemal and David Jemal of JJ Operating Corp. Recently, the property was rezoned and approved for parking on the lower level and for office use on floors 4-8. Each floor contains 40,000 square feet, and about 220,000 square feet will be available for lease. Verizon will occupy two levels of the building. The partnership plans to invest $5 million in building renovations, including new lobby elevators and retail fronts. The purchase price was undisclosed.

March 21, 2012

Mixed-Use Northeast

RETAIL, R&D PROPERTY SELLS FOR $4.3M IN BOSTON

by admin March 21, 2012

BOSTON — New York-based Shire Real Estate has purchased 961 Commonwealth Ave. in Boston for $4.3 million. The 15,000-square-foot property includes retail and research and development/laboratory space. Tenants include Qdoba Mexican Grill and Brigham & Woman's Hospital Inc. Bradford Spencer of Grubb & Ellis represented the seller, Commonwealth Avenue Realty Trust, in the transaction.

March 21, 2012

Mixed-Use Western

CHAMPION BUYS 1.1-ACRE PARCEL FOR LA MIXED-USE DEVELOPMENT

by admin March 20, 2012

HOLLYWOOD, CALIF. — Champion Real Estate Company has purchased a 1.14-acre commercial parking lot in Hollywood where it plans to develop a mixed-use project. The firm will continue to operate the parking lot, located at 1717 Cherokee and 1718 Las Palmas, until construction commences. This is Champion’s second Hollywood acquisition within a year. It also recently purchased a $20-million, 2.76-acre redevelopment site for another mixed-use development.

March 20, 2012

Mixed-Use Southeast

CONSTRUCTION BEGINS ON FLA. MIXED-USE PROJECT

by admin March 16, 2012

PLANTATION, FLA. — A joint venture between Stiles and Prudential Real Estate Investors has commenced construction on the 321-unit One Plantation, a luxury apartment community located at the intersection of University Drive and Interstate 595 in Plantation. The partnership obtained $40.6 million in construction financing from PNC Bank for the project, which Stiles Construction is building. Amenities will include a pool, spa, fire pit, fitness center and an entertainment area with game rooms, a movie theater and a lounge. Cohen Freedman Encinosa designed the complex. In addition, Stiles has plans to renovate its 65,000-square-foot University Shoppes, which is adjacent to One Plantation. Construction is slated to begin later this spring. Both projects are scheduled for completion in the third quarter of 2013.

March 16, 2012

Mixed-Use Southeast

BOARD APPROVES SITE PLAN FOR MIXED-USE DEVELOPMENT

by admin March 16, 2012

ARLINGTON, VA. — The Arlington County Board has approved the site plan for a 200,000-square-foot mixed-use development, located at 3901 N. Fairfax Dr. in Arlington. The property will include retail and office space, as well as a 13,000-square-foot performing arts theater and a conference center. Avison Young has been selected to lease the property, which is slated for completion in early 2014.

March 16, 2012

Mixed-Use Northeast

MANZO CO. BUYS 1 MILLION-SQUARE-FOOT PORTFOLIO IN MASSACHUSETTS

by admin March 16, 2012

TAUNTON, NORTH DIGHTON, WALPOLE, MASS. — The Manzo Co. has purchased a portfolio of four properties totaling more than 1 million square feet in Massachusetts for $25 million. The properties include a 396,765-square-foot industrial property in Taunton and a 400,000-square-foot manufacturing, warehouse and distribution facility in North Dighton. The third property is a 315,000-square-foot office, retail and flex building in Walpole. Doug Jacoby and Scott Dragos of NAI Hunneman represented the seller, New Jersey-based Rubenstein Properties, in the transaction. Dragos, Jacoby and Dan Jacobson of Hunneman Capital Group represented the buyer.

March 16, 2012

Mixed-Use Northeast

304 BLEECKER ST. IN NYC SELLS FOR $5.7M

by admin March 13, 2012

NEW YORK CITY — A mixed-use property at 304 Bleecker St. has sold for $5.7 million in the Greenwich Village area of New York City. John Stewart of Marcus & Millichap's Manhattan office represented the seller, a private investor. Shlomo Manne, also of the firm's Manhattan office, represented the buyer, a partnership.

March 13, 2012

Mixed-Use Northeast

WARBURTON LOFTS RESTORATION BEGINS

by admin March 12, 2012

YONKERS, N.Y. — The conversion of 19th-century row houses in Yonkers to 10 loft-style apartments with street-level shops is underway. The retail space will total 9,000 square feet. Edwin A Quick & Son, the firm that designed Yonkers City Hall, designed 50 Warburton Ave. The buildings will be restored to their circa-1900 appearance. L+M Development Partners is the project developer. The $10 million project is expected to be complete in spring 2013.

March 12, 2012

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