NEW YORK CITY — Leviathan Capital has secured an $8 million refinancing for a 33,000-square-foot office building in the Bronx. The property is currently net leased to the NYC Department of Education. Leviathan secured a non-recourse loan for the undisclosed borrower with a fixed rate of 10 years at 4.9 percent. The loan provided the borrower with a $5 million cash-out.
NEWPORT BEACH, CALIF. — Granite Properties has purchased 100 Bayview — a six-story, Class A office property located in Newport Beach — for undisclosed price. The 346,334-square-foot building features an on-site fitness center and close proximity to a 250-room Marriott hotel, restaurants, retail and walking trails. The building has undergone a number of renovations. Granite Properties plans to further invest in the property by improving the lobby and outdoor common spaces, including balconies and private patios. Granite Properties owns and manages six Class A office buildings in Southern California totaling more than 1.7 million square feet. Eastdil Secured represented the undisclosed seller in the deal.
LAS VEGAS — Colliers International – Las Vegas has brokered three sales of properties in Las Vegas for a total consideration of $19 million. In the first deal, Dan Gluhaich of Colliers represented Green Circle Foundation in the purchase of a retail property located at 3815-3835 Blue Diamond Road. An undisclosed seller sold the 24,447-square-foot property for $9.1 million. In the second transaction, 325 SW LLC purchased a 70,000-square-foot office property located at 325 E. Warm Springs Road within Park Place. GCCFC 2005-GGC Warm Springs Office sold the property for $8.7 million. Taber Thill and Patti Dillon of Colliers represented the seller. In the final deal, Thill and Dillon represented Nemo Inc. in the disposition of an office property located at 229 S. Las Vegas Blvd. Green Unicorn LLC acquired the 8,250-square-foot property for $1.2 million.
NORTH CHARLESTON, S.C. — Norvell Real Estate Group LLC has arranged the $16.9 million sale of Ashley Center, a 70,000-square-foot office building located at 4401 Belle Oaks Drive in North Charleston. Frank Norvell of Norvell Real Estate arranged the transaction on behalf of the seller, RCF Ashley Center LLC. Norvell also renewed leases with Ingevity South Carolina LLC, which occupies 20,758 square feet, and Aerotek Inc., which occupies 8,834 square feet. Chris Fraser of Avison Young represented the buyer.
SCHAUMBURG, ILL. — Triumph Higher Education Group has signed a 21,000-square-foot lease to move its headquarters to 150 N. Martingale Road in Schaumburg. The education provider, which owns Auguste Escoffier School of Culinary Arts, plans to move from Hoffman Estates in October. Triumph will backfill some of the office space formerly occupied by The Nielsen Company, which moved its operations to downtown Chicago last year. Andy Strand, Mark Kolar and Adam Pines of JLL negotiated the lease transaction on behalf of Triumph.
NORWALK, CONN. — Avison Young has arranged the sale of the Matrix Corporate Center in Norwalk. The sales price was not disclosed. Located at 535 Connecticut Ave., the five-story property is currently 74 percent leased to a tenant roster that includes Crius, UBM and Belvoir. Sean Cahill, Gary Lyons and Blake Thomas of Avison Young represented the seller, Matrix Norwalk LLC, in the transaction. The buyer was Hanover Norwalk Investors LLC.
CHICAGO — Marcus & Millichap has brokered the sale of a four-story loft office building in Chicago’s West Loop for $13.1 million. The 30,620-square-foot building is located at 1027-1031 W. Madison St. Schafer Condon Carter (SCC), an independent creative and technology agency, occupies floors two through four. CrossTown Fitness and Madison Bar + Kitchen occupy the first floor. Built in 1872, the historic property underwent a $4 million renovation in 2011 to restore the façade and modernize the interiors. Stephen Lieberman of Marcus & Millichap represented the seller, a private partnership including principals of SCC. The company will remain a tenant at the building as part of a sale-leaseback agreement. Lieberman also procured the New York-based buyer.
MORRISTOWN, N.J. — HFF has negotiated the sale of a 538,107-square-foot, three-building medical office complex in Morristown. The sales price was not disclosed. The three buildings are located at 435, 465 and 475 South St. and are currently 93 percent leased to Atlantic Health System. HFF represented the seller, National Business Parks Inc., in the transaction. The buyer was Harrison Street Real Estate Capital.
MILLBURN, N.J. — Marcus & Millichap has brokered the $8.5 million sale of a 21,830-square-foot office building in Millburn. Located at 90 Millburn Ave., the two-story office building is fully occupied by 11 tenants. Fahri Ozturk of Marcus & Millichap represented the buyer and seller, both private investors, in the transaction. The property is located less than one mile from downtown Millburn.
NEW YORK CITY — Creative workspace provider Spaces has signed a 15-year, 110,989-square-foot lease at the Chrysler Building in New York City. Jim Wenk and Kirill Azovtsev of JLL represented Spaces in the transaction. Building owner Tishman Speyer was represented in-house by Gregory Conen and Robert Weller. Spaces will occupy the seventh through the ninth floors at the 1.2 million-square-foot Chrysler Building, which is located at 405 Lexington Ave. in Midtown Manhattan. The company currently operates three workspaces in New York with three more set to open by the end of this year.