ARLINGTON, TEXAS — Locally based investment firm 180 Multifamily Properties has purchased a 224-unit complex in Arlington. According to Apartments.com, the property at 834 Timberlake Drive offers one-, two- and three-bedroom units ranging in size from 600 to 1,010 square feet, as well as a business center and a clubhouse. The new ownership plans to implement a value-add program and rebrand the property as Oakmont Apartment Homes. The seller was Florida-based ZMR Capital.
HOUSTON — NAI Partners has arranged the sale of five freestanding industrial buildings totaling approximately 85,000 square feet in northwest Houston. Darren O’Conor of NAI Partners represented the seller and developer, Vault Partners, in the disposition of the buildings, which traded to four different buyers. Buyer representatives included Jeremy Kraus and Jordan Enger of CBRE; Gerrit Stryker of United Real Estate; Jason Gibbons and Jack Gaffney of Finial Group; and Rafael Melara of Hunington Properties
NEW YORK CITY — JLL has brokered the $50.7 million sale of a 101-unit multifamily building located at 740 West End Ave. on Manhattan’s Upper East Side. Constructed in 1915, the elevator building rises 14 stories and includes six commercial spaces and one superintendent’s apartment. Bob Knakal, Hall Oster, Jonathan Hageman, Paul Smadbeck, Teddy Galligan and Braedon Gait of JLL represented the seller, Wolk Properties, in the transaction, and procured the buyer, Aya Acquisitions.
EAST GREENBUSH, N.Y. — Commercial finance and advisory firm Axiom Capital Corp. has arranged $24 million in construction-to-permanent financing for a mixed-use project near Albany. The development in the nearby suburb of East Greenbush will consist of 78 apartments and 18,833 square feet of commercial space. The loan carries a fixed interest rate, a 10-year term and three years of interest-only payments. The borrower was not disclosed.
HARRISON, N.Y. — Locally based brokerage firm Alpha Realty has negotiated the $21.5 million sale of Harrison Playhouse Lofts, a 36-unit apartment complex located north of New York City. The site formerly housed a movie theater, and the complex features one-, two- and three-bedroom units, as well as 5,000 square feet of retail space. Lev Mavashev and Shai Egison of Alpha Realty represented the seller, Verco Properties, in the off-market deal. The duo also procured an undisclosed, locally based private investor as the buyer.
BELLMAWR, N.J. — Ivy Realty, an investment firm with three offices along the East Coast, has acquired a portfolio of two industrial buildings totaling 171,500 square feet in the Southern New Jersey community of Bellmawr. The single-tenant buildings, which measure 78,000 and 93,500 square feet, are both located within the 2.8 million-square-foot Interstate Business Park and were fully leased at the time of sale. Stephen Marzullo, Adam Silverman and Dan McGovern of CBRE represented the undisclosed seller in the deal.
NEW YORK CITY — Financial technology firm iCapital has signed a 59,228-square-foot office lease expansion at One Grand Central Place in Manhattan. The company’s total footprint at the building now spans 141,224 square feet across six floors. Lauren Crowley Corrinet, Al Golod and Christopher Hogan of CBRE represented iCapital in the lease negotiations. Erik Harris, Neil Rubin, Scott Klau and William Cohen of Newmark, along with internal agent Jordan Berger, represented the landlord, Empire State Realty Trust.
COLUMBUS, OHIO — Gucci has opened its first Ohio store at Easton Town Center in Columbus. The boutique spans more than 5,000 square feet and showcases a wide collection of men’s and women’s small leather goods, handbags, luggage, jewelry, watches and eyewear. The Easton Town Center location features LED lighting, which is part of Gucci’s commitment to implement eco-friendly initiatives and energy-efficient technologies in its stores worldwide. Easton Town Center is a shopping, dining and entertainment destination with more than 240 shops, restaurants and entertainment spaces. L Brands, The Georgetown Co. and Steiner + Associates jointly developed the property.
AVON, OHIO — Bendix has taken occupancy of its new 231,000-square-foot office headquarters in Avon, a western suburb of Cleveland. Bendix develops safety technologies, energy management solutions and air brake charging and control systems for trucks, trailers, buses and other commercial vehicles throughout North America. The build-to-suit project is LEED-certified and features a fitness facility, lab space and private meeting rooms. JLL’s project and development services team assisted Bendix on every aspect of the project, from budgeting and site selection to design. Geis Construction served as the general contractor, and GLSD Architects served as the architect, engineer and LEED specialist. Hasenstab Architects designed the lab space. Bendix was previously headquartered in Elyria, Ohio.
LAWRENCEBURG, IND. — Flaherty & Collins Properties has opened Whiskey River, a $32 million apartment development constructed in partnership with the City of Lawrenceburg and the Lawrenceburg Redevelopment Commission. Located along the Ohio River, Whiskey River comprises 150 units and 179,410 square feet. Community amenities include a pool, fitness center, coworking lounge, bark park, dog spa and bike storage with bike wash and repair station. Units feature quartz countertops, stainless steel appliances, washers and dryers and private balconies on most units. Additionally, the community includes green space that is accessible by the public. Illinois-based Busey Bank served as the construction lender for the project. Indiana-based American Structurepoint was the project architect and engineering firm. Flaherty & Collins Construction served as the general contractor and Flaherty & Collins Properties manages the community. More than 80 percent of the units are leased. Monthly rents start at $1,220 for studios.