MILFORD, OHIO — FLF Milford, a Cleveland developer, has purchased a 60,000-square-foot office building at 1700 Edison Drive in Milford for $4.8 million. The property is fully leased to American Nursing Care, which recently signed a 10-year lease renewal for the space. The sale also includes 18.7 acres of land for future development. Nancy Ryan and Jim Ryan of Equity represented the buyer in the transaction. Neyer Holdings II Inc. was the seller.
CINCINNATI AND COLUMBUS OHIO — Pembrook Capital Management has arranged a $5.5 million mezzanine loan for the refinancing of an office and flex building portfolio in Cincinnati and Columbus. The portfolio consists of six buildings totaling 600,000 square feet.
WOODBRIDGE, N.J. — Hatch Mott McDonald has inked an 81,351-square-foot office lease at MetroTop Plaza I and II in Woodridge. The engineering and design firm plans to use the space for its new headquarters. The company will occupy 71,351 square feet on the third and fifth floors, as well as part of the fourth floor of the 255,000-square-foot MetroTop Plaza II. The company will also occupy 10,000 square feet on the first floor of MetroTop Plaza I. Paul Giannone, Kevin Carton and Eric Sobel of Cushman & Wakefield represented the owner, Atlantic Realty & Development Corp. Jim Schroeder of Studley represented the tenant.
NEW YORK CITY — Perry Ellis International has signed a new 96,000-square-foot lease at 1120 Avenue of Americas, also known as the Hippodrome Building, in New York City. The lease includes a sublease with Huron Consulting Group. Perry Ellis is consolidating its New York menswear operations into the new space from its previous offices at 1114 Avenue of Americas and 42 West 39th St. Robert Martin, Matthew Astrachan, Alexander Chudnoff and Brad Lane of Jones Lang LaSalle represented the tenant in the transaction. Lisa Kiell and Douglas Neye of Jones Lang LaSalle represented the sublessor, Huron Consulting. Michael Burgio, John Cefaly and Gus Field of Cushman & Wakefield represented the building owner, Edison Properties.
DALLAS — NorthMarq Capital has arranged the refinancing of the 301,378-square-foot Graystone Centre, an office building located at 3010 LBJ Freeway in Dallas. Paul Brighton of NorthMarq Capital arranged the five-year loan with a 25-year amortization schedule on behalf of the borrower, Younan Properties.
MILWAUKEE — The Wisconsin Department of Corrections has signed a lease for 24,000 square feet of office space in the Mill Run Business Center at 6649 W. Mill Road in Milwaukee. Jim Larkin of Colliers International represented both parties in the transaction.
WETHERSFIELD, CONN. — JMM Properties has purchased a 90,000-square-foot office building at 1290 Silas Deane Highway in Wethersfield for $2 million. The building was fully vacant and will be renovated by the new owner. Upgrades will include a new roof, HVAC system, windows and common areas. Jay Morris and Robert Gaucher of O,R&L Commercial represented both the buyer and seller, 1290 Realty, in the transaction. O,R&L has also been hired to lease the property.
GRAND PRAIRIE — Colliers International North Texas has brokered the sale of the six-story, 98,928-square-foot National Health Building, located at 1901 N. State Highway 360 in Grand Prairie. Tenants of the property include the National Transportation Security Administration, National Health Corp. and FYI Television. Creighton Stark and Ben Lurie of Colliers International represented the seller, AIC Ventures, in the transaction. The buyer was Capital Commercial Investments.
SAN FRANCISCO — The Piers, an 82,834-square-foot office and restaurant space in San Francisco, has received $32 million in first-mortgage refinancing. The complex is locatedon Piers 1 ½ , 3 and 5. Notable tenants include Bloomberg and La Marrestaurant. The permanent seven-year loan will replace the construction financing on this waterfront property. Financing was arranged for San Francisco Waterfront PartnersbyDennis Williamsof NorthMarq’s San Francisco regional officethrough the firm’s relationship with a life insurance company.
PLAINFIELD, ILL. — Irgens has completed a $6.3 million medical office building at the northeast corner of Route 59 and Dayfield Drive in Plainfield. The build-to-suit project is fully leased by Edward Health Ventures and will provide primary care services from Edward Medical Group physicians. The 22,000-square-foot facility will offer walk-in/urgent care, physical and occupational therapy and other services. The project team also includes Eckenhoff Saunders Architects and Peak Construction, the general contractor.