ANTIOCH, ILL. — Marcus & Millichap has arranged the $2.4 million sale of a 19,810-square-foot retail center in Antioch, a city in northern Illinois near the Wisconsin border. Advance Auto Parts is the anchor tenant at the property. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, a partnership that had owned the center for over 20 years. The duo also secured and represented the buyer, a local private investor.
FORT WORTH, TEXAS — Texas-based developer Presidium has completed Phase I of Presidium Berkshire, a multifamily project in North Fort Worth that added 340 units to the local supply. Units come in studio, one-, two- and three-bedroom formats and feature stainless steel appliances, quartz-style countertops, private balconies/terraces, individual washers and dryers and built-in desks. Amenities include a pool with splash pads, outdoor dining and grilling areas, two-story fitness center with a yoga studio, speakeasy-style bar, demonstration kitchen, coworking lounge and a dog park. Dallas-based O’Brien Architects designed Presidium Berkshire. Rents start at $1,560 per month for a studio apartment. The development will ultimately feature about 1,100 units.
PLANO, TEXAS — A partnership between Dallas-based Paceline Equity Partners and ESR Group has acquired the 304-room Renaissance Dallas at Plano Legacy West Hotel. Completed in 2017 by Sam Moon Group in conjunction with the launch of the larger Legacy West mixed-use development, the hotel offers a rooftop pool and bar, 35,000 square feet of meeting and event space and a 474-space dedicated parking garage. The seller and sales price were not disclosed. The new ownership assumed the existing fixed-rate debt on the property as part of the deal.
HOUSTON — JLL has negotiated the sale of Uptown Plaza, a 28,000-square-foot retail strip center in Houston’s Uptown area. Built ono 2.7 acres in 2002, the center was fully leased at the time of sale to tenants such as CVS, Vision Corner, EG Geller Shoes, Lesley Ann Jewels, Alchemy 43, Fizz Nails and Grotto. Ryan West, John Indelli and Erin Lazarus of JLL represented the undisclosed seller in the transaction. Pine Ridge Real Estate purchased the asset in cash for an undisclosed price.
FRISCO, TEXAS — Matthews Real Estate Investment Services has arranged the sale of Shops at Stonebrook Plaza, a 19,204-square-foot retail strip center in Frisco. The sales price was $8.5 million, equating to a cap rate of 6.4 percent. The center was built in 2016 and was fully leased at the time of sale to tenants such as 24-7 Dry Cleaners and Paris Nail Bar. Grayson Duyck of Matthews brokered the deal. The buyer and seller were not disclosed.
SAN ANTONIO — Law firm Chamberlain Hrdlicka has signed a 13,555-square-foot office lease expansion at Weston Center, a 32-story office building in downtown San Antonio. Chamberlain Hrdlicka moved into Weston Center in 2011, at which point its footprint was roughly 4,000 square feet. Bradley Fulkerson and Austin Hibbard of Transwestern, along with Larry Mendez of CBRE, represented the firm in the lease negotiations. David Held and Hayley Ruggles of Endura Advisory Group represented the landlord.
NEW YORK CITY — Locally based developer Slate Property Group has received an $85 million loan for the refinancing of Dutch House, a 186-unit apartment complex located in the Long Island City area of Queens. Designed by Aufgang Architects and completed in 2022, Dutch House features studio, one- and two-bedroom units and 21,000 square feet of ground-floor retail space. Roughly 30 percent (56) of the apartments are earmarked as affordable housing. Amenities include a lobby with concierge service, fitness center, recreation room with a pool table and a rooftop terrace. Los Angeles-based PCCP provided the financing. The property was fully leased at the time of the loan closing. Aaron Appel of Walker & Dunlop arranged the debt.
BRIDGEPORT, CONN. — Newmark has arranged the sale of Brookside Center, a 170,665-square-foot shopping center located in the southern coastal Connecticut city of Bridgeport. Grocer Stop & Shop, along with soft goods retailers Marshalls, Michaels and Petco, anchor the center, which was 95 percent leased at the time of sale. Paul Penman of Newmark represented the undisclosed seller and procured the buyer, DLC Management, in the transaction. Robert Griffin, Jon Martin and Casey O’Brien of Newmark provided additional support and financial analysis for the deal.
BOSTON — Deloitte has signed a 138,000-square-foot office lease at Winthrop Center, an 812,000-square-foot mixed-use complex in downtown Boston. The accounting giant plans to take occupancy in fall 2024. Regional developer Millennium Partners owns Winthrop Center, which offers amenities such as a fitness facility and meeting and event space. CBRE represented both parties in the negotiations for the lease, which is the largest to be executed within the Boston office market this year, according to multiple media sources including The Boston Globe.
NEW YORK CITY — Lument has provided a $31.7 million HUD-insured loan for the refinancing of Lefferts Heights, an 87-unit affordable housing property located in the Clinton Hill neighborhood of Brooklyn. The property was built in 1974, and units range in size from 550 to 970 square feet. Josh Reiss of Lument originated the long-term, fixed-rate financing through HUD’s 223(f) program on behalf of the sponsor, Wavecrest Management. The financing includes proceeds to fund capital improvements.