NEW BRAUNFELS, TEXAS — Marcus & Millichap has brokered the sale of TEPCO Storage, a 45-unit self-storage facility in New Braunfels, located on the northeastern outskirts of San Antonio. The site spans 1.4 acres. Jon Danklefs of Marcus & Millichap represented the seller in the transaction. Sean Delaney, also with Marcus & Millichap, represented the buyer. Both parties were limited liability companies that requested anonymity.
THE WOODLANDS, TEXAS — Locally based brokerage firm Newcor Commercial Real Estate has arranged the sale of a 10,000-square-foot industrial building located north of Houston in The Woodlands. Ryan Dierker and Rob Banzhaf of Newcor represented the seller, Black Forest Ventures, in the transaction. O.J. Bobek of Bobek Realty Group represented the buyer, M. Libman Investment LLC. The single-tenant building was fully leased at the time of sale.
NEW YORK CITY — A joint venture between Turnbridge Equities and Dune Real Estate Partners is nearing completion of Bronx Logistics Center, a 1.3 million-square-foot industrial project on the borough’s south side. The site at 980 E. 149th St. is an assemblage of five parcels and spans 14.2 acres. The facility will offer a clear height of 32 feet and more than 1,500 parking spaces. The development team expects to complete the project by the end of the year.
NEW YORK CITY — Greystone has provided an $18.3 million Fannie Mae loan for the refinancing of a 154-unit multifamily property located at 400 Herkimer St. in the Bedford-Stuyvesant neighborhood of Brooklyn. The property was built on 18 acres in 1965 and offers studio, one-, two- and three-bedroom units. Anthony Cristi of Greystone originated the 10-year loan, which carries a fixed interest rate and a 30-year amortization schedule. The borrower was not disclosed.
COLONIE, N.Y. — Axiom Capital Corp., a New York-based commercial finance and advisory firm, has arranged an $8.6 million loan for the refinancing of a 107,245-square-foot retail property in Colonie, located just outside of Albany. The property consists of nine buildings, some of which contain office space, on a 15.8-acre site. The nonrecourse loan was structured with a fixed interest rate and a five-year term. The borrower and direct lender were not disclosed.
PROVIDENCE, R.I. — JLL has brokered the sale of a 30,000-square-foot medical office building in Providence. Built in 2006, the building was 96 percent leased at the time of sale to tenants offering urgent care, primary care, imaging, pediatric care, physical therapy and pathology services. A partnership between Sendero Capital and Angelo Gordon acquired the asset from an undisclosed seller. Brannan Knott, Mindy Berman and Anthony Sardo of JLL brokered the deal.
NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $5.8 million sale of a 25-unit affordable housing complex located at 201 W. 148th St. in Harlem. Information on specific income restrictions was not disclosed. Victor Sozio, Shimon Shkury and Michael Tortorici of Ariel Property Advisors represented the seller in the transaction. Additional terms of sale were not disclosed.
CINCINNATI — City Club Apartments (CCA) has topped off construction of its Union Central development in downtown Cincinnati. The project will combine both the Union Central building and the Annex building, currently CCA CBD Cincinnati, to become City Club Apartments Union Central, an apartment and penthouse community. There will be a total of more than 575 units. First move-ins are slated for November. Residents will have access to amenities located across the two buildings and connected by a sky bridge. Union Central will have a 19th-floor sky park with a pool overlooking the Ohio River, outdoor kitchen, sky club, lobby lounge library and penthouse clubroom. The Annex will have an indoor-outdoor pool, sky park, sky club and lobby lounge library that is directly connected to the Shires Café. Union Central will also have a restaurant, salon, health club, dry cleaner and pet store. The Annex will feature a rooftop restaurant named the Views at Shires Garden, along with a daycare, market and pet spa. CCA coworking amenities include conference rooms, two business centers, communal tables and high-speed WiFi throughout the common areas.
BIG RAPIDS, MICH. — Marcus & Millichap has arranged the sale of a 50-unit manufactured home community in Big Rapids, about 55 miles north of Grand Rapids. The sales price was undisclosed. Known as Circle Drive Mobile Home Park, the 30-acre property is located at 12380 185th Ave. Ryan Engle, Andrean Angelov and Brad Kreppel of Marcus & Millichap represented the buyer and seller, both of which were private investors.
CHICAGO — Belay Diagnostics has signed a 4,000-square-foot lease within the science-ready lab suites at Fulton Labs in Chicago. The company, which uses a proprietary molecular testing platform licensed from Johns Hopkins to revolutionize how brain and spinal cord cancers are detected, will move into the fifth-floor space beginning in September. The science-ready lab suites at Fulton Labs are move-in ready private labs spanning 3,000 to 7,000 square feet. Dan Lyne and Kelsey Scheive of CBRE represented ownership, Trammell Crow Co.