NEW YORK CITY — Entertainment and pop culture news outlet Uproxx has signed a 3,300-square-foot office lease in Manhattan’s Lower East Side. The company will occupy the entire seventh floor at 161 Bowery, a 25,000-square-foot office building originally built in 1920 and redeveloped in 2016. Uproxx, which is owned by The Warner Music Group, will relocate from a subleased space in the same building. Marx Realty owns the building. Both parties were represented internally in the lease negotiations.
PARK CITY, UTAH — CBRE Capital Markets’ Debt & Structured Finance has provided $19.3 million in construction and permanent financing for the development of Lincoln Station, a mixed-use community in Kimball Junction area of Park City. Mollie Means of CBRE’s Debt & Structured Finance team in Seattle partnered with Doug Birrell, Bruce Francis, Bob Ybarra, Dana Summers and Shaun Moothart, also of CBRE Debt & Structured Finance, to originate the loan through CBRE’s FHA lending platform on behalf of the borrower, Lincoln Station. The loan is funded through the HUD Section 221(d)4 new construction mortgage insurance program, providing an interest-only construction period of 20 months with a 40-year, non-recourse, fully amortizing permanent loan. Lincoln Station will feature 68 apartments spread across four three-story residential buildings, eight three-story townhomes and one two-story commercial/office building. The non-residential building will contain three office suites with approximately 4,686 square feet of rentable space and 164 square feet reserved for the leasing office. The property’s 76 units will consist of a mix of one- and two-bedroom apartments and three-bedroom townhomes. A total of 52 units will be designated for residents earning 50 percent to 120 percent of the area median income. The remaining units will …
AURORA, ILL. — Sonova, a provider of hearing care solutions, has signed a 63,647-square-foot office lease at 750 North Commons Drive in Aurora. Stanton Road Capital owns the 205,000-square-foot, two-building property, which is flexible for both office and industrial users. Stanton purchased the property in 2018 and is currently implementing a repositioning plan with modern amenities. It is currently 85 percent leased. Francis Prock, Dave Florent and Brian Kling of Colliers brokered the lease transaction. In mid-June, Sonova will consolidate three of its existing operations — two from Illinois and one from Minnesota — at the new location.
MILWAUKEE — North Shore Healthcare (NSHC) has signed a 10-year office lease at HUB640, a redeveloped mixed-use building located at 640 N. 4th St. in Milwaukee. NSHC will occupy approximately 23,000 square feet on the building’s second floor. The move will enable NSHC to consolidate its fast-growing workforce. Dan Jessup and Nick Hepner of JLL represented the landlord, North Wells Capital LLC, in the lease transaction. Colliers International represented NSHC. North Wells Capital acquired the building in 2017 and has embarked on a major transformation of the property, which dates back to the late 1800s. The project is set to open late this spring.
CENTENNIAL, COLO. — Denver-based Quiver Investments and NavPoint Real Estate Group have negotiated the sale of Arapahoe Plaza East II, an office building located in Centennial. An undisclosed buyer acquired the asset for $3.5 million. Located at 7955 E. Arapahoe Court, the property features 29,140 square feet of multi-tenant office space. At the time of sale, the asset was 96 percent occupied. John Witt of Quiver Investments and Matt Kulbe of NavPoint Real Estate Group represented the seller. Lon Welsh of Your Castle Real Estate represented the buyer in the deal.
FORT WORTH, TEXAS — Dayton Superior Corp., an Ohio-based supplier of construction materials, has signed a lease renewal at 15124 Grand River Road in Fort Worth. The company will continue to occupy 51,101 square feet of office and warehouse space. Brian Gilchrist and Steve Koldyke of CBRE represented Dayton Superior in the lease negotiations. Michael Spain of Bradford Real Estate Services represented the landlord, SCG River Park Business Center LP.
JACKSONVILLE, FLA. — Prime Finance has provided a $20.1 million refinancing loan for One Deerwood, a 161,167-square-foot office building in Jacksonville. The three-year loan features a floating interest rate. The property is situated at 10201 Centurion Parkway, 11 miles southeast of downtown Jacksonville. The six-story asset was 88 percent leased at the time of the financing. Porter Terry and Tarik Bateh of JLL arranged the loan on behalf of the borrower, Boston-based Taurus Investment Holdings LLC. San Francisco-based Prime Finance was founded in 2008 and provides loans for property types including office, multifamily, industrial, hospitality, retail and student housing.
HADDONFIELD, N.J. — Markeim Chalmers Inc. has negotiated the sale of a 6,400-square-foot office building in Haddonfield, a southeastern suburb of Philadelphia. Located at 116 N. Haddon Ave., the two-story property offers multiple spaces for small office tenants as well as ground-floor retail space. Kevin Burns of Markeim Chalmers represented the seller, Hutchinson Engineering LLC, in the transaction. Haddon Equities LLC was the buyer.
FRONTENAC, MO. — The Desco Group has completed the development of a 36,000-square-foot office building in Frontenac, about 15 miles west of St. Louis. HDA Architects designed the Class A property, which features an all-brick exterior. The three-story building will include retail space on its first floor. The project is part of a larger $80 million mixed-use development.
WINSTON-SALEM, N.C. — Cushman & Wakefield has arranged the sale of Consolidated Center, a four-building, 174,000-square-foot office campus in Winston-Salem. The property is situated on 9.5 acres at 3334 Healy Drive, five miles west of downtown Winston-Salem. The asset was 91 percent leased at the time of sale to tenants including Lowes Foods and Novant Health. David Finger and Sara Owen of Cushman & Wakefield represented the seller, Dallas-based Macfarlan Capital Partners, in the transaction. Greensboro, N.C.-based Deep River Partners acquired the property for an undisclosed amount.