HAVERHILL, MASS. — Locally based design-build firm Dacon Corp. has completed a 135,000-square-foot manufacturing facility in Haverhill, located north of Boston, that is a build-to-suit for Memphis-based Monogram Foods. The facility houses several temperature-controlled storage spaces, as well as production areas and offices. Paradigm Properties developed the facility, which is primarily dedicated to pre-assembled sandwich manufacturing and is ultimately expected to employ about 350 people.
ORANGE AND EAST ORANGE, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the sale of two apartment complexes totaling 68 units in Northern New Jersey for a combined price of $8 million. The property at 57-61A E. Park St. in East Orange totals 22 units, and the complex at 453-475 Park Ave. in Orange comprises 46 units. Joni Sweetwood of Kislak represented the seller and procured the buyer, both of which were limited liability companies, in the transaction.
SOUTH PLAINFIELD, N.J. — Cushman & Wakefield has brokered the $4.5 million sale of a 28,800-square-foot industrial property in South Plainfield, about 40 miles southwest of Manhattan. The property features a clear height of 22 feet and is currently leased to Liftec Forklifts. Andy Schwartz, Jordan Sobel and Andre Balthazard of Cushman & Wakefield represented the seller, an entity doing business as Sylpan Inc., in the transaction. The trio also procured the buyer, ACSS Group LLC.
NEW YORK CITY — 1-800Accountant, which provides virtual accounting software for small businesses, has signed a 12,344-square-foot office lease at 260 Madison Avenue, a 570,000-square-foot building in Midtown Manhattan. Peter Turchin, Gregg Rothkin, Tim Freydberg, Hayden Pascal and Jared London of CBRE represented the landlord, The Sapir Organization, in the lease negotiations. The representative of the tenant was not disclosed.
CLINTON TOWNSHIP, MICH. — Bernard Financial Group has arranged a $16.8 million Freddie Mac loan for the refinancing of a 206-unit multifamily property in Clinton Township, about 25 miles north of Detroit. Dennis Bernard and Adam Ferguson of Bernard arranged the loan on behalf of the borrower, Oxford Square Limited Dividend Housing Association LP. Loan terms were not provided.
CINCINNATI — Northsiders Engaged in Sustainable Transformation (NEST) and Pennrose have opened John Arthur Flats, Cincinnati’s first LGBTQ-friendly affordable seniors housing community. Located in the Northside neighborhood, the development adds 57 affordable units for residents age 55 or older. The three-story, elevator-serviced building includes studio, one-, and two-bedroom apartments available for residents earning 30 to 60 percent of the area median income, with rents ranging from $444 to $1,212 per month. The new community helps meet the demand for inclusive, affordable housing in the region, where the National Low-Income Housing Coalition reports only 43 available rental homes per every 100 low-income renters in Ohio. Studies also show that LGBTQ seniors experience higher rates of housing discrimination and poverty, making them especially at risk of housing vulnerability. The community is named in recognition of the late John Montgomery Arthur, a Cincinnati native and husband of the plaintiff in the Supreme Court case that legalized same-sex marriage in the United States. This $13 million redevelopment was financed through Low-Income Housing Tax Credits from the Ohio Housing Finance Agency, equity syndicated by CREA, HOME funding from the City of Cincinnati, an award from the Affordable Housing Program of the Federal Home Loan Bank …
MADISON, WIS. — Von Maur has opened an 82,000-square-foot department store at West Towne Mall in Madison. Von Maur backfills a space formerly home to Boston Store. CBL Properties, the owner of West Towne Mall, says that the new Von Maur store is one of only two department store openings in the country this year. West Towne Mall spans 828,602 square feet and is home to tenants such as Total Wine & More, Dave & Busters, Dick’s Sporting Goods, JC Penney, Athleta, Pandora, Pottery Barn, Sephora, Williams-Sonoma and The Cheesecake Factory.
CHESTERFIELD, MICH. — Friedman Real Estate has brokered the $6.4 million sale of Georgetown Manor Apartments in Chesterfield, about 30 miles north of Detroit. The property features studio, one- and two-bedroom units. Constructed in 1968, the complex is home to 97 units, according to Apartments.com. Peter Jankowski and Rich Deptula of Friedman represented the undisclosed buyer. The seller was also undisclosed.
OXFORD, MICH. — Clean Hub Car Wash has purchased a 4,700-square-foot retail building at 153 S. Washington St. in Oxford, about 40 miles north of Detroit. Barry Landau of Dominion Real Estate Advisors LLC represented the seller, DJG Properties LLC. Jordan Jabbori of CMP Real Estate Group represented Clean Hub Car Wash, which currently operates out of Sterling Heights but has three new locations coming soon.
SAN DIEGO — A private exchange buyer and a single-tenant REIT have purchased The Shops at Palm Promenade, a newly constructed shopping center in San Diego, for a combined value of $41.5 million. El Warner, Caitlin Zirpolo, Charley Simpson, Jordan Gomez and Alyssa Mera of Colliers’ Orange County-based National Retail Capital Markets team represented the sellers, Citivest and Hutensky Capital Partners, in the transactions. The private exchange buyer acquired 765, 762, 764, 780 and 804 Dennery Road for a total of $25.8 million. Chick-fil-A, Starbucks Coffee, Jersey Mike’s Subs and The UPS Store are tenants at the 24,120-square-foot space. The single-tenant REIT purchased the 45,308-square-foot Burlington building at 760 Dennery Road for $15.7 million.