FAIRBORN, OHIO — NorthMarq has secured a $6.1 million loan for the refinancing of Wright Executive Center in Fairborn near Dayton. The 119,473-square-foot office building is located on Presidential Drive. Susan Branscome of NorthMarq arranged the 10-year, fixed-rate loan with a life insurance company. The borrower was undisclosed.
FISHERS, IND. — Colliers International has brokered the sale of Crosspoint Plaza One, a four-story Class A office building located at 10475 Crosspoint Blvd. in Fishers. The sales price was $8.8 million, according to the Indianapolis Business Journal. The 138,636-square-foot property is situated in the northeast Indianapolis corridor with immediate access to I-69. Alex Cantu, Alex Davenport, Matt Langfeldt and Rich Forslund of Colliers represented the seller. Arkansas-based Tempus Realty Partners purchased the building, constructed in 1999. Crosspoint Plaza One originally served as a build-to-suit for Wiley Publishing, which recently vacated the property, leaving it 20 percent occupied. The new ownership plans to upgrade the building with modernized common areas, outdoor space and a first-floor conference center.
ANAHEIM, CALIF. — Hamra Properties has purchased Anaheim Hills Business Center, an industrial and office business park located at 5100-5150 E. La Palma Ave. in Anaheim. Seligman Group sold the asset for $21.3 million. Jeffrey Cole, Jeff Chiate, Ed Hernandez, Mike Adey and Nico Napolitano of Cushman & Wakefield’s Irvine, Calif., office represented the seller, while Rick Ellison and Randy Ellison of Cushman & Wakefield served as market advisors. Built in 1988, the five-building campus features 154,627 square feet of industrial and office space. The property includes grade-level doors, landscaping with palm trees and abundant parking at a ratio of three stalls per 1,000 square feet. The buildings range in size from 19,000 square feet to 49,000 square feet, accommodating tenants as small as 700 square feet.
NEW YORK CITY — Newmark Knight Frank (NKF) has negotiated a 20,378-square-foot office lease for Advantage Sales & Marketing at the Club Row Building in Manhattan. The company will consolidate its two former locations, located at 360 Lexington Avenue and 1500 Broadway, into a 15,093-square-foot space on the 14th floor and a 5,285-square-foot space on the ninth floor. Situated at 28 West 44th Street, the 372,000-square-foot Club Row Building features onsite shops and services including Japanese-Peruvian restaurant Sen Sakana, Dunkin’ Donuts, a barber, tailor, newsstand, post office and a bicycle room. Andrew Sachs, Tim Gibson, Josh Gosin and Matthew Augarten of NKF represented the landlord, APF Properties, in the lease negotiations. Peter Trivelas and Jason Ward of Cushman & Wakefield represented Advantage Sales & Marketing.
GREAT RIVER, N.Y. — Nonprofit healthcare provider Northwell Health has signed a 14,871-square-foot office lease at Sunrise Business Center in the Long Island city of Great River. Northwell Health will move into Building 300 at Sunrise Business Center, one of four buildings in the 389,490-square-foot complex. The campus features a full-service café and a 5,000-square-foot conference facility. Tenants include University Support Services, Vitamin World and St. Joseph’s College. The Feil Organization represented the landlord in the lease negotiations.
CHARLESTON, S.C. — Greystar Real Estate Partners LLC has opened its new headquarters in the Greystar Building, located in downtown Charleston. The five-story, 82,000-square-foot building completes Phase I of Evening Post Industries’ Courier Square redevelopment. The Greystar Building is the second property to open as part of the first phase of development within the master plan. Robert A.M. Stern Architects, Gensler and Elizabeth Stuart designed the headquarters to fit in with surrounding architecture. The building includes 70,000 square feet of office and 12,000 square feet of retail space. The building, located at 465 Meeting St., Suite 500, features 71 conference rooms and collaborative spaces, motion-sensor lighting, filtered water machines, coffee bar, fitness center/yoga studio and locker rooms with showers.
ORLANDO, FLA. — SVN Commercial Advisory Group has arranged the $12 million sale of the MetroWest Medical Office Building, located on a one-acre site at 1743 Park Center Drive in Orlando. Rumasa Corp. purchased the fully leased property from 1743 Park Center Holdings LLC. The recently refurbished building is located near Valencia College and MetroWest Golf Club. Tenants at the time of sale included Integrative Physical Medicine, Ameri Help LLC, West Orange Nephrology and Omega Research. Gail Bowden of SVN Commercial Advisory Group represented both the buyer and seller in the transaction.
TUCSON, ARIZ. — El Segundo, Calif-based Venture West Funding has arranged a $16 million loan for the refinancing of a multi-tenant office building located in Tucson. Originally built in 2018 and most recently renovated in 2018, the property features 141,295 square feet of multi-tenant office space. At the time of financing, the property was 92 percent leased to several national tenants, including Centene, Tsomas Engineering and Aecom. Matt Douglas of Venture West Funding secured the 10-year, fixed-rate, interest-only loan for the borrower, an affiliate of a Los Angeles-based investor, through Goldman Sachs.
HOUSTON — Hartman Income REIT, a private real estate investment trust, has acquired a portfolio of three office buildings totaling 254,234 square feet in Houston. The first property is a 102,893-square-foot building located at 1400 Broadfield Blvd. in the Energy Corridor area. The second asset is an 83,760-square-foot property located at 16420 Park 10, and the third property is a 67,581-square-foot building located at 7915 FM 1960 in northwest Houston. The three properties were 55.2 percent leased on average at the time of sale. JLL represented the undisclosed seller in the transaction.
NEW YORK CITY— Developer Safehold Inc. is underway on construction of a 42-story, 670,000-squre-foot office building in the Park Avenue corridor of Manhattan. Located at 425 Park Avenue in Manhattan, the Class A building will include office space and 18,000 square feet of retail space, the majority of which will be leased to restaurant users. Safehold entered into a joint venture with a sovereign wealth fund in September and now owns approximately 55 percent of the venture.
