FORT WORTH, TEXAS — Locally based brokerage firm Colonial Commercial Real Estate has negotiated the sale of an 80,000-square-foot industrial building located near Fort Worth’s downtown area. Baillargeon Realty LLC sold the property at 205 N. Vacek St. to Tarrant Area Food Bank, a local nonprofit, for an undisclosed price. Jane Tapper of Colonial Commercial represented both parties in the transaction. The buyer also operates a food bank across the street.
CARROLLTON, TEXAS — Diversco Inc., a South Carolina-based provider of marine equipment, has signed a 51,498-square-foot industrial lease renewal in the northern Dallas metro of Carrollton. The space is located within Marsh Business Park West. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as DK Industrial Dallas LLC, in the lease negotiations. The representative of the tenant was not disclosed.
BURLINGTON, MASS. — MetLife Investment Management has acquired Burlington BioCenter, a 109,085-square-foot life sciences facility located about 15 miles northwest of Boston, for $103 million. The facility was converted to life sciences from office usage in 2019 and was fully leased at the time of sale. Robert Griffin, Edward Maher, Matthew Pullen and Samantha Hallowell of Newmark represented the seller, a partnership between The Gutierrez Co. and GEM Realty Capital, in the transaction. David Douvadjian Sr. and Timothy O’Donnell, also with Newmark, arranged an undisclosed amount of acquisition financing on behalf of the buyer.
LEXINGTON, MASS. — Locally based biotechnology firm Dicerna Pharmaceuticals has signed a 107,238-square-foot life sciences lease expansion at its Hayden Avenue Campus in Lexington, located north of Boston. The tenant, which has operated out of the site since 2014, currently occupies more than 90,000 square feet. The expansion brings Dicerna’s total footprint in Lexington to more than 275,000 square feet. Boston-based King Street Properties owns the Hayden Avenue Campus.
WEBSTER, N.Y. — Metro Boston-based brokerage firm Horvath & Tremblay has arranged the $18.6 million sale of Webster Plaza, a 154,991-square-foot shopping center located outside of Rochester in upstate New York. Tenants at Webster Plaza include Savers, the Town of Webster Public Library, Pet Supplies, Starbucks, Subway and FedEx. Jeremy Black, Bob Horvath and Todd Tremblay of Horvath & Tremblay represented the seller, a private investor, in the transaction. The buyer was also a private investor.
WEST NEW YORK, N.J. — Cathay Bank has provided an $11.8 million construction loan for a 48-unit multifamily project in West New York, located across the Hudson River from Manhattan. The property will offer one- and two-bedroom units with an average size of 847 square feet. Matthew Pizzolato, Max Custer, Gerard Quinn and Salvatore Buzzerio of JLL arranged the three-year, floating-rate loan on behalf of the undisclosed private developer of the project. A tentative completion date was not disclosed.
NEW YORK CITY — Locally based brokerage firm Rosewood Realty Group has negotiated the $4.4 million sale of an apartment building located at 337 E. Ninth St. in Manhattan’s East Village area. The five-story building was constructed in 1900 and comprises nine residential units and two commercial spaces. Aaron Jungreis, Ben Khakshoor and Alex Fuchs of Rosewood represented the seller, a limited liability company, in the transaction and procured the buyer, a private investor. Both parties requested anonymity.
LANSING, ILL. — Skender, in conjunction with joint venture partner Ashlaur Construction, has completed construction of Torrence Place in Lansing, a southern suburb of Chicago. Developed by Full Circle Communities, the three-story affordable housing project features 48 accessible and adaptable units mainly intended for veterans and people with disabilities. The building also includes a 3,600-square-foot health clinic and pharmacy that will be operated by Christian Community Health Center. Resident amenities include a community lounge, library, computer lab, onsite laundry, storage lockers, a fitness center and onsite supportive services. The project team also included architect Cordogan Clark & Associates and CAGE Civil Engineering.
TIFFIN, IOWA — Fridley Theatres, a movie theater company headquartered in Des Moines, has unveiled plans to open an 80,000-square-foot theater and entertainment center at the Park Place mixed-use development in Tiffin, about 20 miles south of Cedar Rapids. The project will be named The Palms Theatres, IMAX & Family Entertainment Center. Construction is expected to begin next year. Ders Group is the developer of Park Place.
CHICAGO — JLL Capital Markets has arranged a $4 million loan for the refinancing of a 675-unit Devon Self Storage facility in Chicago. The property at 1601 S. Canal St. offers 70 different unit sizes, climate-controlled units, 24-hour security and onsite management. Chris Collins and Aiden Hayes of JLL arranged the seven-year, fixed-rate loan on behalf of the borrower, Devon Self Storage.