HALTOM CITY, TEXAS — Greystone has provided $19.5 million in Fannie Mae acquisition financing for a 216-unit apartment community in Haltom City, a suburb of Fort Worth. The financing consisted of an $18.2 million Fannie Mae Green Rewards loan and a $1.3 million mezzanine loan to supplement the first mortgage. Both loans are nonrecourse and carry 12-year terms and fixed interest rates. The borrower was not disclosed.
RENO, NEV. — K Corp. has purchased a portion of retail space at The Crossing at Meadowood Square, a shopping center in Reno. The company acquired the 31,400-square-foot portion for $4.4 million. This transaction completes its ownership of the 63,000-square-foot center, after purchasing 32,000 square feet of space in 2014. The 31,400-square-foot portion is an anchor site currently occupied by Goodwill, which will vacate the space in October. The new owner plans to redevelop the property. Additional tenants include FedEx Office, Subway, Nevada Home Fitness and Animal Emergency. The name of the seller was not released.
BUCKEYE, ARIZ. — Marcus & Millichap has negotiated the sale of a retail property located at 1341 S. Watson Road in Buckeye. A limited liability company sold the property to an undisclosed buyer for $3.6 million. Planet Fitness occupies the 20,091-square-foot property, which was built this year, on a double-net-leased basis. The tenant just signed a 15-year lease for the property. Mark Ruble, Jamie Medress and Chris Lind of Marcus & Millichap’s Phoenix office represented the seller in the deal.
CAMBRIDGE, MASS. — Bulfinch Cos. has negotiated three medical office leases totaling 134,816 square feet in Building 400-500 at the Cambridge Discovery Park (CDP) life sciences development in Cambridge. Arbor Biotechnologies, a genetic research firm, leased 36,171 square feet on the fifth floor. Kintai Therapeutics signed a deal for 72,296 square feet on the third and fourth floors. Simcere Innovation Inc., a medical research and development firm, has inked a lease for 26,349 square feet on the second floor. The three leases bring the building’s occupancy to 88 percent. The full CDP center offers 400,000 square feet of office and lab space across three buildings, which are still under development.
GARLAND, TEXAS — Berkadia has arranged a $3.5 million loan for the refinancing of Duck Creek Community Shopping Center, a retail center located at the intersection of North Jupiter Road and East Arapaho Drive in Garland, a northeastern suburb of Dallas. Wells Fargo provided the 10-year loan for the borrower, an affiliate of Dallas-based Retail Plazas Inc. The deal closed on Aug. 20.
MASS. and N.H. — Novaya Real Estate Ventures has acquired a nine-property industrial portfolio totaling 700,000 square feet, in Billerica and Wilmington, Massachusetts, as well as Londonderry, New Hampshire. The properties feature 18- to 20-foot clear heights and can accommodate warehouse, manufacturing and research uses. Torin Taylor, Matt Adams, Rory Walsh, Rich Ruggiero and Ross Gaudet of Newmark Knight Frank represented Novaya in the transaction. Wakefield Investments was the seller.
BENSALEM, PA. — JLL has arranged the sale of Bensalem Square, a 70,378-square-foot retail center in Bensalem, a northeastern suburb of Philadelphia. Redner’s Markets grocery store anchors the property. The center also houses tenants in the restaurant, service and medical sectors. Chris Munley, James Galbally and Colin Behr of JLL represented the seller, Brixmor Property Group, in the transaction. LS Property Investment was the buyer.
NEW YORK CITY — The U.S. Census Bureau has signed a 10,000-square-foot office lease at the Mink Building in West Harlem. Janus is currently redeveloping the asset and several adjacent properties as part of its 1.1 million-square-foot Manhattanville Factory District mixed-use project. The Mink Building and two other buildings in the project are complete, and Janus is currently constructing the Taystee Lab Building, which is slated for completion by the end of 2020.
BOSTON — Cornerstone Realty Capital has arranged a $8.5 million construction loan for the Residences at Hyde Park Station, a 24-unit multifamily property in Boston. The property will consist of 24 two-bedroom units, one 300-square-foot commercial space, a common area roof deck and a parking garage. The permanent financing carries a fixed interest rate, an 85 percent loan-to-cost structure, a seven-year term and a 30-year amortization schedule. The lender and construction schedule were undisclosed.
CHARLOTTE, N.C. — FCP has purchased Somerset Apartments, a 240-unit workforce housing complex in Charlotte, for $18 million. Somerset Apartments offers one- through three-bedroom floor plans and is situated near the LYNX Light Rail Blue Line. Communal amenities include a clubhouse, swimming pool, grilling area and a sports court. Brooks Colquitt of Cushman & Wakefield represented the undisclosed seller in the transaction. The garden-style community is located adjacent to FCP’s Hunters Pointe.