WASHINGTON, N.J. — HFF has brokered the $16.2 million sale of The Village Shoppes at Hawk Pointe and Hunterdon Medical Office Building in Washington. The Village Shoppes at Hawk Pointe comprises an 81,415-square-foot, fully leased, ShopRite-anchored retail center. Other tenants at the retail property include Anytime Fitness and Visions Federal Credit Union. Built in 2016, the Hunterdon Medical Office Building is a 25,000-square-foot, single-tenant property occupied by Hunterdon Healthcare. HFF represented the seller, Asbury Farms, in the transaction. The buyer was Larken Associates.
BEE CAVE, TEXAS — The Bee Cave City Council has approved the latest phase of development of Village at Spanish Oaks, an 80-acre mixed-use project that will be located along State Highway 71 in Bee Cave, a northwestern suburb of Austin. The project represents the final phase of Spanish Oaks, a 1,200-acre master-planned development by CCNG Inc. and Greenbrier Southwest Corp. Preliminary plans call for office, retail, restaurant, hotel and residential components. According to The Austin American-Statesman, construction of the buildings is expected to begin in 2020.
SAN ANTONIO — Tampa-based self-storage brokerage firm SkyView Advisors has arranged the sale of 1604 Store and More, a 558-unit self-storage facility in San Antonio. The property totals 140,220 net rentable square feet across 269 climate-controlled units and 289 non-climate-controlled units. Ryan Clark and Cameron Vale of SkyView Advisors represented the undisclosed seller in the transaction.
HOUSTON — French investment bank Natixis has originated a $45 million loan for the acquisition of Venue Museum District, a 224-unit multifamily complex in Houston. The Class A, mid-rise property, which is located at 5353 Fannin St., features one- and two-bedroom units and amenities such as a pool, resident lounge, fitness center and outdoor kitchen. The borrower was Hines Global Income Trust.
HOUSTON — Newcor Commercial Real Estate has brokered the sale of a 12,000-square-foot industrial building located at 8715 Golden Spike Lane in Houston. David Alexander of Newcor Commercial represented the seller, NSH Properties, in the transaction. Kyle Prater of Newmark Knight Frank represented the buyer, Hyvonen Properties, which will occupy the property and use it for cold storage.
HOUSTON — Houston-based Orr Commercial has sold Memorial Thicket Corner, an 8,729-square-foot retail strip center in Houston’s Energy Corridor. Completed in 2014, the center was fully leased at the time of sale to tenants such as Mattress Firm, Vision Source and USA Nails. Ryan West and John Indelli of HFF marketed the property on behalf of Orr Commercial. The buyer was not disclosed.
PATERSON, N.J. — Silver Arch Capital Partners and Procida Funding & Advisors LLC have provided a $12.5 million refinancing for Art Factory Studios, a 170-year-old, 21-building creative office park situated on 4.7 acres in Paterson. The borrower, Great Falls Industrial Park Inc., will use the loan proceeds to pay off debt and make capital upgrades. Located at 60-70 Spruce St., the property is the former home of the American Hemp Co. Past redevelopment of the campus has included retail stores, event spaces and light industrial spaces as well as more office and studio space. Terms of the financing were not disclosed.
NEW YORK CITY — Cushman & Wakefield has arranged the $8.6 million sale of a four-story, 4,554-square-foot mixed-use building in the SoHo neighborhood of Manhattan. Located at 57 Grand St., the property comprises one ground-floor restaurant and three floor-through loft apartment spaces above. Robert Burton and Bobby Carrozzo of Cushman & Wakefield represented the seller, Granville Equities, in the transaction. The buyer was Lex Jay Realty Corp.
PHILADELPHIA — Binswanger has negotiated the $1.2 million sale of a 91,000-square-foot industrial facility in Philadelphia’s Fairhill neighborhood. Located at 3000 C St., the five-story property features two loading doors, a dry sprinkler system and also includes 2,000 square feet of office space. Mike Torsiello and Chris Pennington of Binswanger’s Philadelphia, office represented the seller, 3 S Properties, in the transaction. When Opportunity Knocks LP purchased the property.
BIRMINGHAM, ALA. — Birmingham-based Capstone Development Partners has opened five on-campus student housing communities totaling 3,000 beds, including two in California and one in Seattle. Development costs reached $350 million, $150 million of which was financed using private equity, with the remaining $200 million financed through a 501(c)3 nonprofit owner or a university using tax-exempt debt. Properties include Montage on College at San Diego State University in San Diego; Calaveras Hall at the University of the Pacific in Stockton, Calif.; Vi Hilbert Hall at Seattle University in Seattle; The Village Phase 2 at The University of South Florida in Tampa, Fla.; and the University of Massachusetts Boston Residence Hall and Dining Center in Boston. Montage on College at San Diego State University was built through a ground lease with the San Diego State University Real Estate Foundation. The property offers more than 300 beds of apartment-style housing. Community amenities include a resort-style spa, barbecue area, outdoor lounge and fire pit, community kitchen, fitness center, gaming and media room, and various study spaces. Capstone Development Partners’ management entity, Capstone Management Partners, operates the property. Calaveras Hall at the University of the Pacific offers 380 beds tailored to upper-level students. Shared amenities …