NEW YORK CITY — Greystone has provided $13.3 million in Freddie Mac refinancing for a multifamily building located in the Williamsburg section of Brooklyn. Anthony Cristi of Greystone originated the loan for the sponsor, Perl Weisz of CW Realty. Located at 319 Graham Ave., the 24-unit property was built in 2016. The property features a roof deck, a fitness center, a resident lounge and private parking. The new conventional Freddie Mac loan on the property represents a permanent exit from construction financing and carries a seven-year term, two years of interest-only payments and a 30-year amortization schedule.
BRIDGEWATER, N.J. — Avison Young has arranged the sale of an industrial property located at 460 Milltown Road in Bridgewater. FCI Properties sold the 46,000-square-foot building for an undisclosed price. The column-free facility was originally built for and used as an indoor tennis club. The undisclosed buyer intends to repurpose the space into a new and strategic high-level training center that will include soccer fields and other training facilities for its existing base and new young athletes. Matthew Turse, Timothy Cadigan and John Recchia of Avison Young represented the seller in the deal. The name of the buyer was not released.
NEW YORK CITY — Omnicom Group has signed a 10-year lease extension for its 200,000-square-foot space at 200 Varick St. in the Hudson Square neighborhood of New York City. Constructed in 1926, the 12-story building features 410,000 square feet of space, with Omnicom occupying seven floors of the property. Jeffrey Gural, Eric Gural and Donna Vogel provided in-house representation for the landlord, GFP Real Estate, while Lee Feld of Feld Real Estate LLC represented the tenant in the lease transaction.
SHELBURNE, VT. — Nedde Real Estate has arranged the sale of a commercial building located at 2613 Shelburne Road in Shelburne. Premier Strength & Performance, a personal fitness and conditioning gym, purchased the building from LWV Properties for an undisclosed price. The buyer has opened a fitness center at the 3,564-square-foot building. Fernando Cresta of Nedde Real Estate brokered the deal.
AUSTIN, TEXAS — Massachusetts-based Northland Investment Corp. has acquired The Park at Monterey Oaks, a 430-unit, Class A multifamily community located at 4701 Monterey Oaks Blvd. in southwest Austin. Built in 2000, the garden-style property consists of 15 two- and three-story buildings. Amenities include a property-owned park, community garden, nature trail, pool and boat parking. With this acquisition, Northland’s Austin portfolio totals 7,040 units across 19 properties.
KATY, TEXAS — CBRE has brokered the sale of Luxe at Katy Apartments, a 352-unit multifamily community located at 22631 Colonial Parkway in the western Houston metro of Katy. The property, which was built in 2013 and was 97 percent occupied at the time of sale, was previously branded Remington Katy. Units average 940 square feet per residence. Matt Phillips and Clint Duncan of CBRE represented the seller in the transaction. Michael Thompson of CBRE arranged acquisition financing on behalf of the buyer. Both parties requested anonymity.
HOUSTON — Capital Retail Properties (CRP), in a partnership with Wile Interests Inc., will develop Market at Houston Heights, a 30,000-square-foot retail and restaurant destination in northwest Houston. The property will be located at 1533 N. Shepherd Drive fronting Laird and West 16th streets. Individual components will include a 4,000-square-foot structure allocated to dining, 26,000-square-foot mixed-use building, 3,000-square-foot plaza with seating for community events and 160 parking spaces. The developers expect to deliver space for tenant build-out in the fall of 2018.
TEMPE, ARIZ. — A joint venture between Transwestern Investment Group (TIG) and JDM Partners has acquired a 2 million-square-foot office property in Tempe in a sale-leaseback with State Farm Automobile Insurance. The Class A campus, called Marina Heights, is located at 300-600 Rio Salado Parkway. The price was not disclosed. The five-building campus includes ground-floor retail, restaurants and other amenities. It is situated between Arizona State University and Tempe Town Lake. Marina Heights will be a future stop for the Tempe Streetcar, directly connecting the campus to the airport, downtown and central Phoenix, as well as west Mesa via the Valley Metro Light Rail. A wholly owned subsidiary of TIG will manage the investments. Transwestern will also provide management services. The firm’s legal adviser was King & Spalding, while Eastdil Secured was the debt capital adviser.
SAN ANTONIO — Silver Ventures has opened Cellars, a 122-unit multifamily complex situated within The Pearl, a mixed-use property in San Antonio. The 10-story building will offer one-bedroom units, as well as loft spaces and penthouses, with units ranging in size from 650 to 3,986 square feet. Amenities include 24-hour concierge and valet services, a rooftop pool with cabanas, a library, fitness center and a dog park. Rents start at $1,830 per month.
COLLEGE STATION, TEXAS — Oldham Goodwin Group LLC has arranged the sale of a 72,718-square-foot store leased to Academy Sports + Outdoors located at 2511 Earl Rudder Freeway in College Station. Oldham Goodwin Capital, the investment arm of Oldham Goodwin, sold the asset to a Texas-based private investor for an undisclosed price. Clinton Oldham represented the company internally in the sale, other terms of which were not disclosed.