NEW YORK CITY — Naftali Credit Partners has secured a $50 million construction loan for 145 Central Park North in Manhattan’s Harlem neighborhood. The 13-story condominium project will feature 37 units. Amenities will include a 24-hour doorman, 10 parking spaces, multiple roof terraces, storage and bicycle rooms and a fitness center. Naftali secured financing for an undisclosed borrower through lender Israel Discount Bank. Architectural firm Gluck+ is designing the building.
PRINCETON, TEXAS — Developer International Capital LLC will build Princeton Crossroads, a 297-acre mixed-use project that will be located in Princeton, a city northeast of Dallas in Collin County. Preliminary plans for the project include 166 townhomes and a grocery-anchored retail center. Princeton Crossroads is also fully entitled for 624 multifamily units. The groundbreaking is scheduled for Wednesday, Dec. 12. Dallas-based Range Realty Advisors is marketing the project.
TEMPLE, TEXAS — San Diego-based investment firm CEG Multifamily LLC has sold Retreat at Western Hills, a 224-unit multifamily community located in the Central Texas city of Temple. The property features a pool, fitness center, clothing care center and a resident clubhouse. Zar Haro and David Fersing of JLL represented CEG Multifamily in the sale. The buyer was Prasiti Asset Manager LLC, which acquired the property for an undisclosed price.
HOUSTON — Lee & Associates has arranged the sale of a 22,738-square-foot industrial property located at 5999 W. 34th St. in Houston. Chase Cribbs and Justin Cole of Lee & Associates represented the undisclosed buyer in the transaction. Joshua Lass-Sughrue and Jason Ridenbaugh of NAI Partners represented the seller, 600 Southwest Military Ltd.
FORT WORTH, TEXAS — Hunt Capital Partners has closed an $11.9 million in LIHTC equity financing for the construction of The Vineyard on Lancaster, a 104-unit apartment project in Fort Worth. The property, which is expected to be complete by late 2019, will include commercial space for a medical clinic. The sponsor was Union Gospel Mission of Tarrant County, a Christian nonprofit organization.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Park Vista Retail, a 16,760-square-foot retail asset in Fort Worth. Joe Santelli and Matthew Sheard of Marcus & Millichap represented the seller a private investor, in the transaction. The duo also procured the buyer, another private investor. Both parties requested anonymity.
DARIEN, CONN. — Brokers+Engineers has arranged the $6.9 million sale of a retail property in Darien. Located at 55 Boston Post Road, the 4,380-square-foot property is currently leased to TD Bank. Brokers+Engineers represented the seller, Chimblo Family Real Estate, in the transaction. The buyer acquired the property as part of a 1031 exchange. TD Bank has seven years remaining on its current lease.
ENFIELD, CONN. — Katz Properties has acquired Freshwater-Stateline Plaza, a 300,588 square foot Costco-anchored shopping center in Enfield. The sales price was undisclosed. Located at 130 Elm St., the property is 96 percent occupied by a 136,000-square-foot Costco, a 50,000-square-foot Dick’s Sporting Goods and a Home Depot. The shopping center was built in in 1972. Enfield is approximately 20 miles north of Hartford.
ROSLYN, N.Y. — Margules Properties has sold an 18,000-square-foot retail building in Roslyn for $4.2 million. Located at 299 Warner Ave., the property is home to 11 retail stores, including Village Pizza, a dry cleaner and a Chinese restaurant. The buyer was Ofer Cohen, a partner in two New York City bars, Café Wha and the Groove in Greenwich Village. Roslyn is approximately 24 miles northeast of Manhattan.
PITTSBURGH — Marcus & Millichap has negotiated the $1 million sale of a 1,900-square-foot retail building in Pittsburgh. The property, which is located at 2065 Ardmore Blvd., is currently occupied by Dunkin’ Donuts through a 15-year triple net lease agreement. Alan Cafiero and Ben Sgambati of Marcus & Millichap represented the seller, limited liability company, in the transaction. The buyer was a private investor.
