WARNER, N.H. — CBRE/New England has brokered the sale of an industrial facility located at 780 Route 103 West in Warner. Milton CAT sold the 49,880-square-foot property to CS Properties for an undisclosed price. Built in 1988, the facility features a 35,500-square-foot service shop with 6,380 square feet of air-conditioned office space and a separate 9,100-square-foot warehouse with eight drive-in doors. Chris Healey of CBRE/NE represented the seller and procured the buyer in the deal.
NEW YORK CITY — Cushman & Wakefield has arranged the sale of a development site located at 159-18 Northern Blvd. in the Flushing area of Queens in New York City. Flushing Bank sold the property to an undisclosed local buyer for $13.2 million. The 28,764-square-foot site has more than 112 square feet of frontage along Northern Boulevard and 55 square feet of frontage along 159th Street. The site includes a two-story, 9,213-square-foot commercial building and 38,831 square feet of air rights. Stephen Palmese and Stephen Preuss of Cushman & Wakefield handled the transaction.
NEW YORK CITY — GFI Realty Services has arranged the sale of a retail center located at 6661 Broadway in the North Riverdale neighborhood of The Bronx, the northernmost borough of New York City. A local investor acquired the 4,750-square-foot property for $1.5 million. The property consists of six stores and 30,000 square feet of air rights. Shawn Sadaghati of GFI Realty represented the seller, a local investor, while Aron Taub, also of GFI, represented the buyer in the transaction.
ADDISON, TEXAS — Stream Realty Partners has arranged the sale of Midway Office Park, an office property located at 4275 Kellway Circle and 16160 Midway Road in Addison. PRE Management sold the 102,855-square-foot property for an undisclosed sum. Dallas Metrocare anchors the property. Jamie Jennings, James Mantzuranis, Caitlin Clinton and Chase Lopez of Stream Realty represented the seller in the transaction. The name of the buyer was not released.
BUDA, TEXAS — REOC Austin has arranged the acquisition of a manufacturing facility located at 150 Precision Drive in Buda. Heaven Hill Brands, dba Deep Eddy Vodka, purchased the 194,574-square-foot facility from Lone Star CCC for an undisclosed price. The new property is the second location for the Austin-based spirits company. Mark Milstead of REOC Austin represented the buyer, while Greg Marberry of CBRE represented the seller in the deal.
MCALLEN, TEXAS — Marcus & Millichap has arranged the sale of Maple Court Apartments, a multifamily property located at 1400 N. 16th St. in McAllen. Built in 1973, the property features 46 apartments in four buildings, a central courtyard, covered parking and an on-site laundry room. Mike Moffitt Jr. and William Stover Jr. of Marcus & Millichap’s Austin office represented the seller, a limited liability company, and secured the buyer, a partnership. The acquisition price was not released.
DALLAS — NAI Robert Lynn has arranged the sale of an industrial property located at 119 Regal Row in Dallas. Allied Interiors acquired the 233,000-square-foot warehouse facility for an undisclosed sum. Robert Blankinship and Matt Elliott of NAI Robert Lynn handled the transaction. The name of the seller was not released.
ALTUS, OKLA. — Hobby Lobby Stores Inc. has leased 59,318 square feet of retail space within Northtown Center, located at 1700 N. Main St. in Altus. The landlord is Northtown Altus LLC. Mark Inman and Stuart Graham of CBRE’s Oklahoma City office represented the tenant in the deal.
CHICAGO — A joint venture between Bridge Development Partners LLC and Akard Street Partners has sold three industrial facilities in the Chicago area totaling 539,440 square feet for $64.3 million. The properties include 2475 Touhy Ave. in Elk Grove Village; 4800 S. Vernon Ave. in McCook; and 8401 W. 47th St. in McCook. The properties averaged 92 percent occupancy at the time of sale. The buyer was not disclosed. Steve Disse and Jeff Devine of Colliers International represented the seller.
JACKSON, SOUTHFIELD AND WESTLAND, MICH. — Pillar has originated $22.3 million in refinancing through HUD for three multifamily properties in Michigan. Springbrook Meadows is a 152-unit community built in 1998 and located in Jackson, 40 miles west of Ann Arbor. 12 North Apartments is a 171-unit apartment building built in 1976 and located in Southfield. Birch Hill is a 172-unit apartment building built in 1974 and located in Westland, about 16 miles west of Detroit. Erie Investments LLC owns and operates 12 North and Birch Hill. An undisclosed investor was the borrower for Springbrook Meadows. The fixed-rate, 35-year loans are fully amortizing. David Wilkins and Charles Krisfalusi of Pillar originated the loans.
