SAYVILLE, N.Y. — NAI Long Island has negotiated the $1.6 million sale of a medical office building in Sayville. Located at 160 Middle Road, the 7,300-square-foot property is currently occupied by Long Island Family Medical Group. Gary Pezza of NAI Long Island represented the seller, John A. Zimmerly, M.D., in the transaction. The buyer was 1449 Holdings LLC.
EL PASO, TEXAS — Eaton Corp., a worldwide power management company, will open a 284,000-square-foot industrial facility in El Paso, a move that is expected to create more than 200 new jobs. Eaton’s total investment in the regional economy will be approximately $15 million. The facility is expected to open in spring 2019.
INDIANAPOLIS — Colliers International has brokered the sale of a three-building industrial property spanning 823,088 square feet in Indianapolis. Franklin Road Distribution Center, located at 221 S. Franklin Road, spans 38 acres within the Indianapolis East submarket. The property is fully leased to 12 tenants, including Pioneer, Dimplex North America, Hoosier Freight & Warehousing, Balsam Brands, Horner Industrial Services, Continuum Games and Sherwin-Williams. Alex Cantu, Steve Disse and Jeff Devine of Colliers represented the seller, Real Capital Solutions. John Kuiper of Colliers represented the buyer, California-based CORE Realty Holdings Management Inc.
LEWISVILLE, TEXAS — Rodin Global Property Trust Inc., a REIT sponsored by Cantor Fitzgerald Investors LLC, has acquired n 89,473-square-foot industrial building in Lewisville, a northern suburb of Dallas. The sales price was $14.1 million. The property is fully leased to HOYA Optical Labs of America, a manufacturer of prescription lenses. The seller was a subsidiary of Dallas-based Mohr Capital.
ST. LOUIS — Marcus & Millichap has arranged the sale of an 89,564-square-foot office building occupied by the regional field office of the Federal Bureau of Investigation (FBI) in St. Louis. The sales price was $21 million, according to the St. Louis Business Journal. The two-story building was completed as a build-to-suit for the FBI in 1999 and was expanded by approximately 15,000 square feet in 2008. Geoff Ficke of Marcus & Millichap represented the buyer, a government-focused real estate fund. The buyer plans to retain ownership through the end of the nine years left on the lease. The seller was not disclosed.
BRYAN, TEXAS — Roserock Capital Group has begun work on 8872 Health Science Center Parkway, a 61,000-square-foot office project in the central Texas city of Bryan. The Class A property, which is expected to be complete by April 2019, represents Phase I of CamWest Crossing, a 45-acre office and retail project. Oldham Goodwin Group LLC is leasing and marketing the development.
OMAHA, NEB. — NorthMarq Capital has secured a $17.5 million loan for the refinancing of Linden Place I & II in Omaha. The Class A office property spans 154,772 square feet and is located at 14301 FNB Parkway. Bob Chalupa arranged the 15-year loan, which features a fixed rate and a 25-year amortization schedule. A life insurance company provided the loan. The borrower was not disclosed.
FORT LORAMIE, OHIO — Industrial Property Brokers (IPB) has negotiated the sale of a 56,710-square-foot industrial facility in Fort Loramie in western Ohio. The sales price was not disclosed. The buyer, St. Marys Iron Works, plans to begin occupying the facility in the spring of 2019 and will relocate from St. Marys. The property includes 2,850 square feet of office space, four drive-in doors and five docks. The building formerly served as the Marwill manufacturing plant. Tim Echemann of IPB represented the Ohio-based seller.
SAN ANTONIO — Dougherty Mortgage has arranged a $6.7 million Fannie Mae acquisition loan for The Ridge at Bandera, a 120-unit multifamily community in San Antonio. The property features one- and two-bedroom units and amenities such as a pool, fitness center and a business center. The loan, which carries a 12-year term and 30-year amortization schedule, was arranged through a partnership with Old Capital Lending on behalf of the borrower, The Ridge at Bandera LLC.
FAIRBORN, OHIO — Quantum Real Estate Advisors Inc. has brokered the $1.2 million sale of Shops at Valle Green in Fairborn, about 12 miles northeast of Dayton. The 5,000-square-foot property is located at 1171 E. Dayton Yellow Springs Road. The asset is fully leased to Verizon, Great Clips and Hot Head Burritos. Daniel Waszak and Zack Hilgendorf of Quantum represented the private seller. A Midwest-based investment fund purchased the property.
