BOSTON — Clarion Partners has completed the sale of a 13-story office and retail building located at 535-545 Boylston St. in Boston. An undisclosed buyer acquired the 184,642-square-foot building for $100.5 million. At the time of sale, the property was 87 percent leased to a variety of tenants, including TD Bank, GNC and three restaurants. Robert Griffin, Edward Maher, Matthew Pullen, Jim Brady and Jason Cameron of NGKF Capital Markets represented Clarion Partners in the deal.
ARLINGTON, TEXAS — Coldwell Banker Commercial (CBC) Alliance DFW has joined in the recent merger of the two largest CBC affiliates in the nation. Going forward, the brokerage firm will be called Coldwell Banker Commercial Advisors (CBC Advisors). The merger enables the local affiliate to expand its presence. Among other expansions, CBC Advisors has acquired a Houston office. Senior management in metro Dallas includes chief operating officer Carol Coffman-Sosebee and Theron Bryant, principal of the Fort Worth office. The brokerage team consists of 12 professionals with more than 100 years of combined commercial real estate experience in office, industrial, medical, land and retail, along with seven support staff. The firm is headquartered at 255 N. Center St. in Arlington, and has a Fort Worth office at 1300 S. University Drive. The Dallas office has just completed the process to join the network, which totals 30 offices nationally.
CHARLOTTE, N.C. — Grandbridge Real Estate Capital has closed a $45.5 million loan secured by a five-property, 246,000-square-foot office portfolio in Charlotte. Chris Caison of Grandbridge’s Charlotte office arranged the fixed-rate loan through an unnamed life insurance company on behalf of the borrower, Charlotte-based Beacon Partners, which leases and manages more than 9 million square feet of office and industrial space in North and South Carolina.
RICHARDSON, TEXAS — SHOP Cos. has brokered the $23.7 million sale of Eastside, a 67,071-square-foot mixed-use retail and office property in Richardson. Eastside is located at the intersection of Campbell Road and U.S. 75. The property was 93.9 percent leased at the time of sale to tenants including 7-Eleven, Panera Bread, Scottrade, T-Mobile, Jersey Mike’s, Frost National Bank and Sport Clips. Tommy Tucker and Tim Axilrod of SHOP Cos. represented the seller, SG Retail Development Partners, a Dallas-based limited partnership, and procured the buyer, Retail Properties of America Inc., an Illinois-based corporation.
PLANO, TEXAS — MYCON General Contractors has broken ground on the Spring Creek Center Medical Office Building (MOB), located near the southwest corner of Spring Creek Parkway and the Dallas North Tollway in Plano. The $5.8 million project consists of site work and shell construction of the two-story, 48,000-square-foot facility. The project team includes owner/developer Haggard Property Group, owner’s representative Bjerke Management Solutions and project architect O’Brien Architects. The Spring Creek Center MOB is scheduled for completion in October.
HARLINGEN, TEXAS — Marcus & Millichap has arranged the sale of West Jefferson Avenue Office, a 35,061-square-foot office property located in Harlingen. Kenneth Hartmann and Joshua Murphy of Marcus & Millichap’s San Antonio office marketed the property on behalf of the seller, a private investor. Murphy and Hartmann also secured and represented the buyer, an individual/personal trust. West Jefferson Avenue Office is located at 1820 W. Jefferson Ave. and consists of two separate buildings built in 1996 and 1998. Government tenants have been in place since construction.
NORTH CHARLESTON, S.C. — Colliers International has brokered the $10.6 million sale of a 41,000-square-foot office building located at 4969 Centre Pointe Drive in North Charleston. The Class A office building is situated within the Centre Pointe mixed-use development. Mark Mattison of Colliers International’s Charleston office represented the buyer, Doublz Investments LLC, an entity wholly owned by Tony Romeo, who owns roughly 100,000 square feet of Class A office space in the metro Charleston area. Doublz Investments purchased the asset from Oaks at Centre Point LLC and has retained Colliers to manage and lease the property.
BOSTON — Thibeault Development has acquired 15 and 19 Congress Street in Boston from Related Fund Management, a subsidiary of Related Cos., for an undisclosed price. Totaling 54,461 square feet, the properties are part of a master redevelopment plan for Congress Square in Boston’s Financial District. In 2013, Related Fund Management acquired the five buildings that are being redeveloped by Related Beal. The buyer plans to transform the buildings into residences with approximately 5,750 square feet of street-level retail and restaurant space with immediate access to Quaker Lane. Biria St. John of CBRE represented Related Beal in the transaction.
NEW YORK CITY — EVO Real Estate Group has arranged the acquisition of an office condominium located at 633 Third Ave. in the Midtown section of New York City. Zionist Organization of America acquired the 10,105-square-foot property from Time Equities for $9.3 million. The buyer is relocating from 4 E. 34th St. and plans to take occupancy of the space in September. Jonata Dayan and Jonathan Ben-Dayan of EVO represented the buyer, while Brandon Medeiros provided in-house representation for the seller.
NEW YORK CITY — Equicap has secured a $7.5 million permanent loan for a six-story commercial property located in the Union Square section of New York City. Daniel Hilpert arranged the five-year refinancing loan for the undisclosed borrower. The property is occupied by a restaurant chain and various office tenants.
