ARLINGTON AND IRVING, TEXAS — Stream Realty Partners has arranged two sales of industrial properties in Texas totaling 19,344 square feet. In the first deal, Howell Properties LLC sold a 12,344-square-foot warehouse property located at 2901 Galleria Drive in Arlington to NP Arlington Industrial LLC for an undisclosed sum. Matt Dornak and Luke Davis of Stream Realty Partners represented the seller, while Coy E. Garrett & Associates represented the buyer in the transaction. In the second deal, Midnight Mechanics Inc. acquired a 7,000-square-foot industrial property located at 1720 Peters Road in Irving from BLJC PPTIES LCC for an undisclosed price. Hanes Chatham of Stream Realty Partners represented the buyer, while Henry S. Miller Brokerage represented the seller in the transaction.
GAINESVILLE, FLA. — Arcis Capital Partners LLC has provided a $70 million revolving facility for the development of Celebration Pointe, a more than 1 million-square-foot mixed-use project in Gainesville. Arcis Capital funded the facility on behalf of the borrower, Gainesville-based Celebration Pointe Holdings LLC, the sponsor and owner of Celebration Pointe. The 125-acre development is located along I-75 at Archer Road and features a newly built multi-modal bridge over the interstate. The developer, Celebration Pointe Development Partners, opened a new Bass Pro Shops at Celebration Pointe on Wednesday, Nov. 9. Anchoring the next phase, which is scheduled to open in November 2017, is a Regal Cinemas theater, a second Class A office building and over 350 luxury apartments. Additionally, a 137-room Hotel Indigo and the final phase of the main street retail are slated for a 2018 opening.
COLUMBIA, S.C. — The Beach Co., a Charleston-based real estate developer, has broken ground on the final phase of the mixed-use CanalSide project in downtown Columbia. Situated in The Vista district, the new property is a 339-unit multifamily development known as Sola Station. The community will include 29,000 square feet of commercial space, as well as a saltwater pool, fitness center, yoga studio, dog park, spa, bike shop, clubroom and outdoor kitchens. The consultant team at Sola Station includes JHP Architecture, Creative Builders Inc., Alliance Consulting Engineers Inc., Hodgson & Douglas LLC and Moore Design Group. US Bank NA provided construction financing.
NEWNAN, GA. — Westminster Memory Care has planned a new, $10 million memory care community in the Atlanta suburb of Newnan. The Coweta Community Board of Commissioners approved a rezoning of the plot to allow the memory care development to proceed. Developer James Deupree plans to break ground on the community in early 2017 for completion in early 2018. Deupree, of Birmingham, Ala., recently opened a Westminster Memory Care community in nearby Dallas, Ga. He is planning eight more communities for Georgia and South Carolina. Riverwood Retirement Management, a Florida-based operator, will manage all Westminster communities.
ORLANDO, FLA. — CBRE has arranged the $8.5 million sale of Baldwin III, a three-story office building located on New Broad Street within Village City Center in east Orlando’s Baldwin Park submarket. Owens Realty Capital purchased the 44,478-square-foot property from Baldwin III LLC. Built in 2008 by Lincoln Property Co., Baldwin III is the newest of four office buildings within Village City Center and has averaged 93 percent occupancy over the last five years. Ron Rogg and Chip Wooten of CBRE represented the seller in the transaction.
JACKSONVILLE, FLA. — Trillium Capital Resources has arranged a $4.1 million acquisition loan for Southside Square Apartments, a 108-unit community located in Jacksonville. Trillium Capital arranged the 10-year, fixed-rate loan through one of the company’s affiliate Freddie Mac Small Balance Lenders on behalf of the New York-based borrower. The loan features 80 percent loan-to-value and three years of interest-only payments.
NEW YORK CITY — A partnership between Magnum Real Estate Group and Winter Properties has completed the development of 24th Street Residence, a 505-bed residence hall located at the School of Visual Arts in New York City. Designed by Ismael Leyva Architects, the recently completed 146,827-square-foot building features student housing, rotating exhibition space, retail and office facilities. The residence hall offers double and triple rooms in a micro-apartment format, each featuring a private bathroom and kitchenette. Community amenities include an outdoor terrace with a barbecue and wet bar; a fully equipped fitness center and yoga room; a theater; a multi-media room and lounge; bike storage; and indoor laundry facilities.
ANDOVER, MASS. — Spear Street Capital has completed the disposition of an office building located at 400 Minuteman Road in Andover. Carter Validus Mission Critical REIT II acquired the property for $37 million. The 153,000-square-foot building is fully occupied by Time Warner Cable and The Weather Company. The building is part of the seven-building Minuteman Park, a 1 million-square-foot Class A office campus. Campus amenities include two full-service cafeterias, a coffee bar, two fitness centers and a game room/lounge. Robert Griffin, Edward Maher, Matthew Pullen, Samantha Hallowell and Torin Taylor of Newmark Grubb Knight Frank represented the seller in the deal.
NORTON, MASS. — On behalf of NorthBridge Partners, CBRE/New England’s Debt & Structured Finance team has arranged $19 million in acquisition financing for a warehouse and distribution facility located at 192 Mansfield Ave. in Norton. The 347,000-square-foot property is fully leased to Advance Auto Parts Inc. Kyle Juszczyszyn, Chris Coutts and Lenny Pierce of CBRE/NE secured the financing for the borrower.
STAMFORD, CONN. — Henkel Consumer Goods Inc. has leased 135,000 square feet of office space at 200 Elm St. in downtown Stamford. The tenant will use the newly renovated space as headquarters for Henkel in North America. The building is part of BLT Financial Centre, which also includes 695 E. Main St. in Stamford. Building and Land Technology (BLT) acquired the property in 2012 and recently completed a multi-million-dollar renovation to transform the vacant corporate property into an amenity-rich, fully modernized office asset.