NEW YORK CITY — Locally based brokerage firm GFI Realty has negotiated the sale of an eight-unit apartment building in the Boerum Hill area of Brooklyn. The four-story building was originally constructed in 1905, offers two- and three-bedroom units and recently underwent a gut renovation. Zachary Fuchs of GFI Realty represented the seller, Eric Orlofsky, and the buyer, an undisclosed local investor, in the transaction.
NEW YORK CITY — Financial services firm TimesSquare Capital Management has signed a 14,116-square-foot office lease at 75 Rockefeller Plaza in Midtown Manhattan. The tenant is relocating from 7 Times Square to the 30th floor of the building. Silvio Petriello of CBRE represented the tenant in the lease negotiations. Bruce Mosler of Cushman & Wakefield and internal agents Alexandra Budd and Daniel Birney represented the landlord, RXR.
METAIRIE, LA. — The Feil Organization has signed Carr, Riggs and Ingram CPAs and Advisors, an accounting and advisory services firm, to a 15,508-square-foot office lease in metro New Orleans. The office building, Two Lakeway, is a 19-story, 449,309-square-foot property located within the three-tower Lakeway Complex in Metairie. The accounting firm, which is headquartered in Enterprise, Ala., signed a 10-year lease to occupy the 14th floor. The company’s office space will include a combination of private offices, open work areas, a wellness room, conference rooms, Zoom rooms with video conferencing capabilities and a recreation area with café-style tables, lounge areas, large-screen TV and ping pong and foosball tables. Bruce Sossaman of Corporate Realty represented Feil Organization in the lease negotiations, and Dale Kahhr of Newmark represented the tenant, which has offices in 12 states and Mexico.
MERIDIAN, IDAHO — Wood Investments Cos. has secured refinancing totaling $39.1 million for two shopping centers located in Meridian, roughly 11 miles outside Boise. The first shopping center, Gateway Marketplace, is leased to tenants including a 42,212-square-foot PGA Tour Superstore, Trader Joe’s, Mecca Gym, Land Ocean, Chili’s, Le Peep, Mathnasium and Orange Theory Fitness. Wood acquired the property in 2021. Tim Winton of Keystone Mortgage Corp. arranged a $16.5 million permanent loan through Voya Investment Management for the 135,732-square-foot property. The second shopping center, CentrePoint Marketplace, totals 197,288 square feet and is located across from Gateway Marketplace. Tenants at the property include Kohl’s, Hobby Lobby, Dick’s Sporting Goods, Walgreens, Qdoba Mexican Eats, Panera Bread and Wingers Restaurant & Alehouse. Greg Richardson of Walker & Dunlop arranged the $22.6 million refinancing through RGA ReCap LLC.
SACRAMENTO — Hanley Investment Group has brokered the $5 million sale of a single-tenant retail property located in Sacramento. Chipotle Mexican Grill occupies the 2,347-square-foot building within The Quad District, a new mixed-use development, on a triple-net lease. Bill Asher and Jeff Lefko represented the developer and seller, Chase Partners LTD. KDC constructed the property, which Vermeltfoort Architects designed. A California-based buyer purchased the property.
PHOENIX — NAI Horizon has negotiated the sale of a retail property located at 4314 W. McDowell Road in Phoenix. SEPMAR LLC sold the asset to MMGR Properties for $1.8 million The property features 3,000 square feet of retail space. Jeff Adams of NAI Horizon represented the seller, while Carlos Arellano and Jorge Arellano of Real Estate XG represented the buyer in the deal.
VIOLET TOWNSHIP, OHIO — DHL Supply Chain has broken ground on a new 755,000-square-foot distribution center in Violet Township, an eastern suburb of Columbus. The facility, which will be located near DHL Supply Chain’s U.S. headquarters in Westerville, is slated to open in the second quarter of 2024 and create approximately 200 jobs in the region. The project brings DHL’s total footprint to more than 15 million square feet in its home state and 161 million square feet in North America. The Violet Township facility will leverage the latest robotics technology and automation processes as well as sustainable building planning and construction. DHL Supply Chain’s expansion of its warehousing footprint is led by DHL Real Estate Solutions.
ETNA, OHIO — The I-70 Logistics Center, located at 9157 Mink St. SW in the Columbus suburb of Etna, has traded hands for an undisclosed price. Hines Global Income Trust Inc. was the buyer. The 700,000-square-foot property is fully leased to a third-party logistics provider and features a clear height of 40 feet. The facility offers convenient access to two rail providers, reaching roughly 60 percent of the North American population within a one-day drive. Ed Halaburt and Ross Bratcher of JLL represented the seller, Core5 Industrial Partners.
PLEASANT HILL, IOWA — Colliers Mortgage has provided a $4.9 million Fannie Mae loan for the acquisition of Riverwood Apartments in Pleasant Hill, an eastern suburb of Des Moines. The 69-unit multifamily property features one-, two- and three-bedroom floor plans. Brett Olson and Matt Halberg of Colliers originated the 10-year loan on behalf of the undisclosed borrower.
MILWAUKEE AND BROOKFIELD, WIS. — Planet Fitness has signed two new retail leases in metro Milwaukee. The first lease is for 12,995 square feet at 121 W. Oklahoma Ave. in Milwaukee. PJR Properties LLC is the property landlord. The second lease is for 26,975 square feet at the Shops on Bluemound, which is located at 16085 W. Bluemound Road in Brookfield. An entity doing business as HHAMB LLP is the landlord. Adam Dreier and Tony Colvin of Mid-America Real Estate represented the tenant in both leases.