Property Type

Cushman & Wakefield Arranges JV Equity for Multifamily Development in Bayonne, New Jersey

by Amy Works January 16, 2018

BAYONNE, N.J. — Cushman & Wakefield, on behalf of Baker Residential, has arranged a joint venture with Woodmont Properties to develop a multifamily property at 190 W. 54th St. in Bayonne. Woodmont acquired a majority stake in the venture. Construction is underway with completion slated for spring 2019. Located adjacent to the 40-acre Richard A. Rutkowski Park, the property will feature 220 market-rate units, views of Manhattan and The Port of Newark, covered parking, a community pool, landscaped courtyards, a rooftop terrace, a club room, a fitness center, a pet spa and direct access to the park. John Alascio, Brian Whitmer, Sridhar Vankayala and Gloria Aboagye-Agyeman of Cushman & Wakefield represented Baker Residential in the transaction.

January 16, 2018

Massachusetts Northeast Retail

NKF Arranges Sale of 15,800 SF Retail Property in Boston

by Amy Works January 16, 2018

BOSTON — Newmark Knight Frank Capital Markets has brokered the sale a retail building located at 957 Commonwealth Ave. in Boston’s Brighton neighborhood. Nolan Properties Group acquired the asset from J&M Realty for an undisclosed price. Justin Smith, Paul Penman and Christian Brannelly of NKF Capital Markets represented the seller in the deal. The property features 15,800 square feet of retail space.

January 16, 2018

Loans Massachusetts Northeast Retail

Fantini & Gorga Secure $3.4M in Financing for Retail Property in North Dartmouth, Massachusetts

by Amy Works January 16, 2018

NORTH DARTMOUTH, MASS. — Fantini & Gorga has arranged $3.3 million in refinancing for State Road Plaza, a retail property in North Dartmouth. The borrower was New York-based 331 State Road Associates LLC. Casimir Groblewski of Fantini & Gorga originated the assignment and placed the financing. Situated on 5.8 acres, State Road Plaza features 29,505 square feet of retail space. Current tenants include J.D. Byrider, Newbury Comics and Pearson Vue, as well as various local retailers and service providers.

January 16, 2018

Connecticut Industrial Northeast

O,R&L Commercial Brokers Sale of 24,300 SF Industrial Property in West Haven, Connecticut

by Amy Works January 16, 2018

WEST HAVEN, CONN. — O,R&L Commercial has arranged the sale of a light industrial/flex building located at 45 Railroad Ave. in West Haven. Pinpoint Promotions & Printing acquired the asset form L&A Realty. The new owner plans to relocate its full-service marketing and production agency to the property, which was formerly occupied by Manufacturers Associates Inc. Situated on 1.25 acres, the property features 24,300 square feet of space. Richard Guralnick of O,R&L Commercial represented the seller in the transaction.

January 16, 2018

1401 New York Avenue NW in Washington, D.C.

District of Columbia Office Southeast Top Stories Uncategorized

AXA, Stewart Investment Acquire 210,000 SF Office Tower in D.C. for $165M

by Katie Sloan January 16, 2018

WASHINGTON, D.C. — A joint venture between Paris-based AXA Investment Managers – Real Assets and Stewart Investment Partners has acquired 1401 New York Avenue NW, a 210,000-square-foot office property located in Washington, D.C.’s East End, for $165 million. AXA holds the majority interest in the partnership. The sellers, Heitman and Minshall Stewart Properties, originally acquired the property in December 2013 from Lone Star Funds for $95 million. Stewart Investment Partners is a successor firm spun out from Minshall Stewart Properties. The 12-story building is LEED Gold certified and features ground-level retail and a below-grade parking garage. The property was originally built in 1983, and recently underwent renovations that included a redesigned lobby, retail frontage, the addition of new tenant amenities and the replacement of the building’s original masonry façade with a glass curtain wall system. This property is AXA’s second investment in the Washington, D.C., metro over the past few months. The company acquired Montgomery Tower, a 366,800-square-foot office tower located in Bethesda, Md., in October of last year for $132.8 million. Paris, France-based AXA Investment Managers – Real Assets operates offices in 20 countries throughout Europe, Asia-Pacific and North America. The company has 74 billion euros in assets under …

January 16, 2018

Loans Multifamily Texas

Berkadia Secures $41M in Refinancing for 381-Unit Apartment Property in Fort Worth

by Taylor Williams January 15, 2018

FORT WORTH, TEXAS — Berkadia has secured a $41 million loan for the refinancing of Mansions at Timberland, a 381-unit multifamily property located at 11401 N. Riverside Drive in Fort Worth. The property features a mix of one- and two-bedroom units and amenities such as a saltwater pool, outdoor grilling areas, business center and a fitness center. Stewart Campbell of Berkadia secured the Fannie Mae loan, which features a 75 percent loan-to-value (LTV) ratio and a 30-year amortization schedule, on behalf of the borrower, Mansions at Timberland LP.

January 15, 2018

Multifamily Texas

S2 Capital Purchases 332-Unit Apartment Community in Fort Worth

by Taylor Williams January 15, 2018

FORT WORTH, TEXAS — Addison, Texas-based investment firm S2 Capital LLC has purchased Oakland Hills Apartments, a 332-unit multifamily community located at 807 Heights Drive in east Fort Worth. The property offers one-, two- and three-bedroom units and amenities such as a pool, grilling areas and on-site laundry facilities. Mark Brandenburg of JLL arranged acquisition financing for the sale through Benefit Street Partners, a New York-based asset management firm.

January 15, 2018

Industrial Oklahoma Texas

ATCAP Acquires 16-Building, 1 MSF Industrial Portfolio in Dallas, Oklahoma City

by Taylor Williams January 15, 2018

DALLAS AND OKLAHOMA CITY — Dallas-based investment firm ATCAP Partners has acquired a portfolio of 16 industrial buildings totaling approximately 1 million square feet. The purchase of the properties, which are located in Dallas and Oklahoma City, brings ATCAP’s volume of industrial acquisitions over the last two months to more than 2 million square feet. Brian Carlton of HFF arranged acquisition financing for the sale through Global Atlantic Financial Group.

January 15, 2018

Office Texas

Law Firm Signs 77,015 SF Office Lease Renewal, Expansion in Downtown Houston

by Taylor Williams January 15, 2018

HOUSTON — Law firm Jackson Walker has signed a 77,015-square-foot office lease renewal and expansion at 5 Houston Center, a 580,000-square-foot, Class A office property in downtown Houston. The lease includes a renewal of the existing 74,094 square feet occupied by the firm and an expansion of 2,921 square feet. Eric Anderson and Tyler Garrett of Transwestern represented the landlord, Spear Street Capital, in the lease negotiations. Tim Relyea of Cushman & Wakefield represented Jackson Walker.

January 15, 2018

Colorado Office Western

Invesco Advisers Purchases 186,231 SF Office Building in Colorado for $47.1M

by Nellie Day January 15, 2018

BROOMFIELD, COLO. — Invesco Advisers has purchased a 186,231-square-foot office building in Broomfield for $47.1 million. The building is located at 105 Edgeview Drive. The asset is fully leased, with the anchor tenant being Gogo, an in-flight internet and entertainment provider. The newly built property, known as Gogo Building at Interlocken, was developed by Hines and designed by Forum Architects. It is the first phase of Hines’ EOS at Interlocken office campus development. NKF represented Hines in this transaction.

January 15, 2018

Newer Posts

Older Posts

Upcoming Events

Sep
15