GERMANTOWN, TENN. — PEBB Enterprises has signed Ulta Beauty and Verizon Wireless to leases at Germantown Village Square, a retail and office complex, in Memphis. With the additions, the shopping center is now 97 percent leased, with one 4,000-square-foot space vacant. The upstairs office space is 90 percent leased, with 2,700-square-foot and 3,800-square-foot spaces available for lease. The center is located about 21 miles east of downtown Memphis.
NEW YORK CITY — Alchemy Ventures LLC has acquired a nine-building apartment portfolio in the Bedford-Stuyvesant section of Brooklyn for $25 million. The buildings contain a total of 81 units. New York City-based law firm Schwartz Sladkus Reich Greenberg Atlas LLP represented Alchemy Ventures in the transaction. The seller was IWC General Partners. Pacific Western Bank provided the acquisition financing.
PORT CHESTER, N.Y. — M&J Wilkow and MetLife Investment Management have acquired Port Chester Shopping Center, a 493,459-square-foot shopping center in Port Chester. The sales price was undisclosed. Whole Foods and Kohl’s anchor the open-air retail center. The rest of the tenant roster includes HomeGoods, Ulta and Old Navy. The seller was not disclosed.
NORTH BRUNSWICK, N.J. — CBRE has secured a 300,000-square-foot lease for logistics and fulfillment solutions company Capacity LLC at 1601 Livingston Ave. in North Brunswick. The built-to-suit facility is currently under construction and is slated for occupancy in February 2020. The property will include 40-foot clear heights as well as 10,000 square feet of office space, which will serve as the new headquarters for Capacity LLC. John Maloney of CBRE represented Capacity LLC in the transaction. The property owner, 1600 Building C LLC, was represented in-house during negotiations.
OLD BRIDGE, N.J. — Sheldon Gross Realty has brokered the sale of a 30,000-square-foot warehouse in Old Bridge. The sales price was undisclosed. Located at 395 Route 34, the property was formerly a site for the production of steel building materials. Glen Jaffe, Matthew Leonelli Jr. and Jonathan Glick of Sheldon Gross Realty represented the seller, OEG Building Materials, in the transaction. The buyer was V&S Brothers Inc., which will utilize the facility to transition its auction and dealer purchases for shipment overseas.
CHICAGO — Summit Design + Build LLC has completed renovations at the House of Blues and the Aragon Ballroom, two Chicago music venues. Summit remodeled the VIP areas at each venue. At the Aragon Ballroom, Summit renovated the first-floor staff offices and expanded the restrooms. At the House of Blues, Summit remodeled the third-floor Foundation Dining Room. The project also included a new bar with custom windows, new flooring and lighting and the addition of a small stage. RLE Partners and Valerio Dewalt Train & Associates made up the project team. Live Nation owns both venues.
GRAND LEDGE, MICH. — Greystone Bel Real Estate Advisors has arranged the $3.2 million sale of a 50-unit apartment property in Grand Ledge, about 12 miles west of Lansing. The building, constructed in 1906 and renovated in 1988, is located at 115 Perry St. Buyer and seller info was not disclosed, but the asset traded at a cap rate of 7.1 percent.
CHICAGO — TBI Inc. has signed a 27,484-square-foot, full-floor lease at International Tower in Chicago. The 300,000-square-foot office building is located at 8550 W. Bryn Mawr Ave. In conjunction with the lease, landlord Golub & Co. will begin a revitalization of the building with new amenities, including a fitness center, yoga room, conference center and tenant lounge. The renovations are expected to be completed this year. TBI, a technology distributor, is moving from its previous office at 8770 W. Bryn Mawr Ave. Steve Degodny of Golub represented Golub in the lease transaction. Alex Smith, Brad Frank and Jordan Rovito of Cushman & Wakefield represented TBI.
MISSION, KAN. — Colliers International has brokered the sale of Silverwood Apartments in Mission, about eight miles south of Kansas City. The sales price was not disclosed. The multifamily community includes 280 units. Will Mathews, Gabe Tovar and Bob Galamba of Colliers represented the seller, Nuveen Real Estate. Canyon View Capital purchased the asset.
MIDDLETOWN, IND. — Stan Johnson Co. has negotiated the sale of a 3,800-square-foot medical office building occupied by St. Vincent Medical Group in Middletown, about 15 miles southwest of Muncie. The sales price was not disclosed. The property is located at 602 N. 5th St. Toby Scrivner, Jeff Matulis and Becca Kirby of Stan Johnson represented the seller, a private investor. A Nevada-based private investor purchased the asset.
