CHARLOTTE. N.C. — Arden Logistics Parks (ALP), Arden Group’s industrial real estate operating platform, has purchased Northridge Business Center, a four-building, 174,000-square-foot industrial portfolio in Charlotte. Located at 50045, 5009-15, 5019-25 and 5029-35 W. W.T. Harris Blvd., the buildings range in size from 22,655 to 65,382 square feet. ALP acquired the portfolio from Fort Lauderdale-based SunCap Property Group for an undisclosed price.
MAITLAND, FLA. — CBRE Strategic Partners U.S. Value 9 fund, an investment vehicle managed by CBRE Investment Management, has acquired The Village at Lake Lily, a 455-unit apartment community located in Maitland. Situated seven miles north of downtown Orlando, the community features ground-floor retail space, including two local restaurants. Community amenities include a fitness center, two swimming pools with hot tubs, grilling stations, a clubroom, package locker and dog run. The seller and sales price were not disclosed.
FORT CAMPBELL, KY. — Lendlease has completed interior and exterior renovations of 170 units for Junior Enlisted families within the New Hammond Heights neighborhood at the privatized military housing community of Campbell Crossing at Fort Campbell. Beginning in April 2021, the renovations included the replacement of each home’s exterior, living room and kitchen upgrades, master bathroom remodels and the replacement of interior finishes and appliances. All windows and appliances have been upgraded to Energy Star-rated products, and other sustainability benefits have been implemented for the reduction of energy and water consumption. Renovations are part of the company’s $300 million, five-year plan for the community, which also includes new construction and removal of outdated units. Other projects underway at Campbell Crossing include the demolition and construction of 680 new homes for Junior Enlisted families.
BOSTON — Locally based developer Chestnut Hill Realty Corp. will build Puddingstone at Chestnut Hill, a 250-unit mixed-income residential community at 201 Sherman Road in Boston’s Brookline area. The unit mix will consist of 90 one-bedrooms, 135 two-bedrooms and 25 three-bedrooms, with 50 residences designated as affordable housing for renters earning up to 30 or 50 percent of the area median income. Chestnut Hill will also construct a total of 377 parking spaces through a two-story deck and surface lots. MassDevelopment provided $126 million in both taxable and tax-exempt bonds for the project. A tentative completion date was not disclosed.
HAMILTON, N.J. — Fennelly Associates has arranged the $8 million sale of a 59,000-square-foot medical office building at 3575 Quakerbridge Road in the Central New Jersey community of Hamilton. The two-story building, which was constructed in 2004, was sold in conjunction with 72,500 square feet of medical office condo space within White Horse Executive Center, located about five miles away. The second deal carried a price tag of $3.1 million. Jerry Fennelly of Fennelly Associates represented the seller, a family business, in both transactions. The buyer was not disclosed.
EAST GRANBY, CONN. — Coldwell Banker Commercial has brokered the sale of two industrial buildings totaling 82,386 square feet in East Granby, a northern suburb of Hartford. Locally based investment firm CoreOne Industrial purchased the buildings, both of which are fully leased to aerospace firm Overhaul Support Services, for a combined price of $7.3 million. Chris O’Hara of Coldwell Banker brokered the deal.
PHILADELPHIA — Home healthcare provider 365 Health Services has signed a 3,175-square-foot lease at The Poplar, an office and residential development in downtown Philadelphia. Colin McHale of Beacon Real Estate represented the tenant in the lease negotiations. Matthew Guerrieri and Jeffrey Tertel of Newmark represented the landlord, Post Brothers.
BOSTON — Stuf Storage, a company that converts unused portions of office buildings into self-storage space for tenants, has opened a 2,400-square-foot space at 18 Tremont Street, a 12-story building in downtown Boston. The deal marks the Boston debut of Stuf Storage, which also operates facilities in Los Angeles, New York, San Francisco, Atlanta, Boston, Seattle and Washington, D.C.
WOODSTOCK, ILL. — Cawley Chicago has negotiated the sale of a 129,800-square-foot industrial facility at 1005 Courtaulds Drive in Woodstock, about 45 miles northwest of Chicago. The sales price was undisclosed. Built in 1995, the property features rail access and has undergone production and manufacturing improvements. David Conroy, Joe Shapiro and Tim Gallagher of Cawley Chicago represented the buyer, while Kenneth Franzese and John Cassidy of Lee & Associates represented the seller. Further terms of the transaction were not provided.
KANSAS CITY, MO. — AesthetiCare Med Spa has opened its new headquarters at 9225 Ward Parkway in Kansas City. The new space totals roughly 20,000 square feet and combines three of the company’s offerings into one location. AesthetiCare also owns MINT Aesthetics, a national training center for Botox, dermal fillers, laser treatments and general aesthetics. Jeff Winters of Colliers represented AesthetiCare in its site selection, acquisition and tenant build-out. AesthetiCare employs a staff of 22 registered nurses and aestheticians, making it the largest med spa in metro Kansas City.
