SOUTH WINDSOR, CONN. — Colliers has brokered the $2.3 million sale of a two-building, 41,000-square-foot industrial property in South Windsor, located in Hartford County. The multi-tenant property sits on at 3.5 acres at 681 John Fitch Blvd. Christian Dietz and Bob Pagani of Colliers represented the undisclosed seller in the transaction. Dave Richard, also with Colliers, represented the buyer, an entity doing business as BHD CT Realty.
DALLAS — Locally based development and investment firm OliveMill Holdings has begun renovations on a 240,000-square-foot office building located at 2801 N. Central Expressway in North Dallas. The 18-story building was originally developed in 2015 as the headquarters office for advertising agency The Richards Group. Capital improvements will include upgrades of the ground floor, bathrooms, lobby and elevators, as well as a rebranding of the property as One West Village. Gensler is designing the project, which is slated for completion this summer. OliveMill Holdings owns the building in partnership with Angelo Gordon and Hunt Realty Investments.
DALLAS — Locally based developer Mintwood Real Estate has broken ground on Oakhouse, a 219-unit mixed-income residential project that will be located in the Oak Cliff area of Dallas. Mintwood is developing the project in partnership with Mirasol Capital and New York City-based MSquared. Approximately half the units will be reserved for households earning 80 percent or less of the area median income. Amenities will include a pool, fitness center, dog park, children’s play area and a resident lounge. WDG Associates is the designing the project, and Rogers O’Brien is the general contractor. Independent Financial provided construction financing. Completion is slated for late summer 2024.
AUSTIN, TEXAS — Northmarq has arranged the sale of Red River Apartments, a 30-unit multifamily complex in Austin’s Cherrywood neighborhood. The property was built in 1963 and renovated in phases between 2017 and 2022. Capital improvements included new bathrooms, flooring, countertops and backsplashes in unit interiors, as well as various upgrades to the exterior of the three-story building. Hayden Schnieders of Northmarq brokered the sale of the property. Cheryl Higley, also with Northmarq, provided a five-year, fixed-rate Fannie Mae acquisition loan. The buyer and seller were not disclosed. Red River Apartments was fully leased at the time of sale.
ADDISON, TEXAS — Corporate Fitness Solutions has signed an 8,385-square-foot industrial lease renewal in the northern Dallas suburb of Addison. According to LoopNet Inc., the property at 4950 Keller Springs Road was built in 1980 and totals 60,118 square feet. Adam Curran of Cushman & Wakefield represented the tenant in the lease negotiations. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as Kennington Parkway Ltd.
BELLEVILLE, N.J. — Cushman & Wakefield has arranged a $17 million acquisition loan for a 15.3-acre industrial development site in the Northern New Jersey community of Belleville. The borrower, a partnership between Lincoln Equities Group and The Carlyle Group, plans to demolish the site’s existing structures and build two Class A warehouses totaling 204,550 square feet. John Alascio, Chuck Kohaut, T.J. Sullivan and Jason Blankfein of Cushman & Wakefield arranged the loan through ConnectOne Bank on behalf of the developer. A construction timeline was not disclosed.
NEW YORK CITY — Vibrant Emotional Health has signed a 59,550-square-foot office lease at 80 Pine Street in Manhattan’s Financial District. The 38-story, 1.2 million-square-foot building was originally constructed in 1960 and recently underwent a capital improvement program. The nonprofit provider of mental health services will relocate from a 31,000-square-foot space at 50 Broadway to the entire 18th and 19th floors later this year. Chris Mansfield, Gerry Miovski, Masha Dudelzak and Ali Gordon of CBRE represented the tenant in the lease negotiations. Kevin Daly and Tom Keating internally represented the landlord, Rudin.
NEW YORK CITY — Primark, an Irish apparel brand, will open a 54,562-square-foot, multi-level store at Queens Center, a shopping, dining and entertainment destination located in the borough’s Elmhurst neighborhood. An official opening date was not released. Other retailers at Queens Center include Apple, Adidas, Champs Sports, Macy’s, Pandora, Sephora and Victoria’s Secret, and the restaurant roster features Chick-fil-A, Shake Shack and The Cheesecake Factory. Los Angeles-based Macerich owns Queens Center.
SOUTH WINDSOR, CONN. — Colliers has brokered the $2.3 million sale of a two-building, 41,000-square-foot industrial property in South Windsor, located in Hartford County. The multi-tenant property sits on at 3.5 acres at 681 John Fitch Blvd. Christian Dietz and Bob Pagani of Colliers represented the undisclosed seller in the transaction. Dave Richard, also with Colliers, represented the buyer, an entity doing business as BHD CT Realty.
NEW YORK CITY — A partnership between affiliates of Cantor Fitzgerald and Silverstein Properties has received $165 million in construction financing for 44-01 Northern Boulevard, a multifamily project in the Astoria neighborhood of Queens. The 63,000-square-foot development site is located within an opportunity zone, and has received investment from the Cantor Silverstein Opportunity Zone Trust. Banco Inbursa provided the latest round of financing for the project, which is scheduled for completion in spring 2024. The community is set to offer 354 units in a mix of one- and two-bedroom configurations, 25 percent of which will be priced affordably. The property will also feature 25,000 square feet of retail, 20,000 square feet of amenity space and 200 parking spots. Hill West Architects designed 44-01 Northern Boulevard to pay homage to the borough’s industrial past through the use of masonry and blackened metal. Planned amenities include cascading gardens and an expansive gathering lawn; fitness and yoga studios; a children’s play room; resident lounge; and a 10th-floor amenity space with a co-working lounge, library, chef’s kitchen and rooftop deck offering panoramic views of the Manhattan skyline. The Cantor Silverstein Opportunity Zone Trust was created in 2019 with a focus on acquiring and developing real …