PEABODY, MASS. — North Shore Plastic Surgery has acquired a 13,400-square-foot office building located in Peabody for $1.6 million. The new building, which is located at 7 First Ave., is replacing its current facility located at 4 Centennial Drive. Klemmer Associates was the sole broker in the transaction.
KENT, OHIO — Dix Communications, the corporate owner of Portage County, Ohio-based newspaper publisher Record Publishing, has purchased a former Mazda dealership in Kent. The 24,852-square-foot property sold for $840,000. Dix plans to repurpose the facility into a corporate marketing headquarters. Jennifer Fernandez of NAI Cummins was the listing broker for the property. Additional details of the transaction were not released.
BURLINGTON, VT. — B.R.P. LLC has acquired the Daniel Kern House in Burlington for an undisclosed amount. The building, which is located at 70 S. Winooski Ave., contains 8,500 square feet of Class A office and retail space. Duncan Harris of Redstone represented the buyer. Jed Dousevicz of VT Commercial represented the seller, David Schueur and Retrovest Associates.
WHITE PLAINS, N.Y. — Houihan-Parnes Realtors has secured a $2 million first mortgage for a four-story office building located at 12 Water St. in White Plains. Con Edison is currently leasing the building. It is performing an environmental clean-up of the site. The terms of the loan and the parties involved were not disclosed.
SUGAR LAND — Planned Community Developers has finished a six-story office building in the Sugar Land Town Square development at 2245 Texas Drive in Sugar Land. The property contains 166,000 square feet of office space and 13,000 square feet of retail on the ground floor. The building is connected to a parking structure located across the street by a second-floor skybridge.
SOUTHFIELD, MICH. — An undisclosed information technology company has leased 28,000 square feet of office space in Southfield. Located at 300 Galleria Officentre, the property is owned by Nemer Property Group. John Khami of Lee & Associates Michigan represented the tenant. Terms of the lease were not released.
ANAHEIM, CALIF. — Lee & Associates-Orange Inc. has negotiated the $6.5 million purchase of a 39,747-square-foot office building located at 525 N. Muller St. within Crescent Corporate Center in Anaheim. Lee & Associates’ Erik Thompson represented the buyer, CIT College of InfoMedical Technology, in the transaction; the seller, Anaheim Union High School District, represented itself. The buyer plans to occupy the property, which was built in 1986, and operate its school there.
WHITE PLAINS, N.Y. — Q10 | New York Realty Advisors has secured $13.75 million in first-mortgage financing for a White Plains office building. The property contains 135,000 square feet of Class A space and is located at 4 W. Red Oak Lane. The owners are principals of Houlihan-Parnes/GHP Office Realty. The lender was a New York-based bank. Terms of the non-recourse financing include a 10-year term with a 6.25 percent interest rate for the first 5 years and a rate reset at year six, along with a 30-year amortization schedule.
DALLAS — Brookfield Asset Management has purchased the 200,000-square-foot Two Addison Circle office building from an undisclosed lender for $16 million. The price represents a 50 percent discount to replacement costs. The company made the acquisition through its Real Estate Opportunity Fund. Two Addison Circle is currently vacant.
IRVING — Ricochet has leased 52,000 square feet of office space in the 316,500-square-foot Twinrose Regent from an undisclosed landlord. The property is located in International Commerce Park in Irving. The tenant will move into the space in October. Hudson Peters Commercial's Michelle Hudson and Cincha Kostman represented the landlord. Michael Swaldi and Forshey Hoobler of Jones Lang LaSalle represented Ricochet.