LIVERMORE, CALIF. — Performance Food Group has leased 89,429 additional square feet of space at an industrial warehouse/distribution facility in Livermore. The facility is located at 7587 Las Positas Ave. Performance Food Group already leases 222,345 square feet within the industrial complex. The facility features 30-foot minimum ceiling height, ESFR sprinkler system, cross dock loading access, ample parking and truck staging areas. Michael Lloyd and Greig Lagomarsino of Colliers executed the transaction.
CARLISLE, PA. — In Carlisle, Goodman Group has preleased 1 million square feet of logistics space to syncreon. The third-party logistics company is leasing space at one of two industrial facilities at the Goodman Logistics Center Carlisle, which offers direct access to Interstate 81. syncreon is scheduled to take occupancy of the building in early 2018. The seven-year lease was negotiated by Lauren Scarpace and Michael Hess of CBRE and is the first lease at the logistics center. The second logistics facility is currently available for lease and offers 938,236 square feet of available space.
NEW YORK CITY — Cushman & Wakefield served as the exclusive advisor to Trinity Wall Street in arranging $400 million of acquisition financing secured by 375 Hudson Street in Manhattan. The senior mortgage financing was provided by affiliates of Goldman Sachs Mortgage Company. The 19-story Class A office and retail property was constructed in 1987; it contains nearly 1.1 million square feet of rentable area including 17 floors of office space, prime ground-floor retail space, a gym and rooftop outdoor running track, 46,000 square feet of storage space as well as a two-level, 100-space parking garage. The property’s office space is fully leased, anchored by Saatchi & Saatchi, which occupies more than 62 percent of the space. Steve Kohn, John Alascio, Alex Hernandez, Chris Moyer and Alex Lapidus of Cushman & Wakefield’s Equity, Debt and Structured Finance team represented Trinity Wall Street.
MALVERN, PA. — KeyBank has provided a $49.3 million CMBS first-mortgage loan for the acquisition of Great Valley Commerce Center, a Class A office property in Malvern. The two-building property totals 356,223 square feet. The buildings were constructed in 1968 and 1975 and were renovated in 2010 and 2011. Current tenants include DaVita, Unisys Corp. and HERE Holding. John Christen of KeyBank arranged the 10-year loan, which has an amortization schedule of 30 years. KeyBank will also originate a $5 million mezzanine loan with a 10-year interest-only period.
MOUNT LAUREL, N.J. — Colliers International has arranged the $5.65 million sale of 116 Gaither Drive in Mount Laurel, a fully leased 106,000-square-foot industrial building. Food Sciences Corp. has a long-term lease on the property, which features 24-foot clear ceilings, 13 loading docks, one drive-in door, heavy electric service and expansion capabilities. The Bloom Organization sold the property to a private investor. Ian Richman and Marc Isdaner of Colliers were the sole brokers.
PLANO, TEXAS — Provident Realty Advisors will develop The Legacy at Spring Creek, a 37-acre mixed-use project located at the corner of Dallas North Tollway and Spring Creek Parkway in Plano. Designed by O’Brien Architects, the project will feature up to 100,000 square feet of retail space, three eight- to 10-story office buildings and a 200-room hotel. Construction is slated to begin in January 2018. Cushman & Wakefield will handle leasing of the property.
HOUSTON — Clay Development and Construction has broken ground on Cutten Distribution Center I, a 293,280-square-foot industrial facility located on Cutten Road in northwest Houston. Built entirely on a speculative basis, the property will be the 15th building within the 165-acre Cutten Road Business Park and feature 60-foot bays with 32-foot clear heights, trailer parking and a sprinkler system. Completion of the center is scheduled for January 2018.
DALLAS — Stream Realty Partners has brokered the sale of a portfolio of 18 industrial buildings totaling roughly 509,000 square feet at locations throughout the Dallas area, including Farmers Branch, Irving and Richardson. Jamie Jennings, James Mantzuranis, Jeremy Kelly and Ryan Wolcott of Stream represented the seller, a partnership between Elliott Management and Cienda Partners. Los Angeles-based Entrada Partners purchased the assets for an undisclosed price.
LAKEWAY, TEXAS — Equity LLC will develop a 42,000-square-foot medical office property on 2.8 acres within the Baylor Scott and White-Lakeway Regional Medical Center campus in the Austin metro of Lakeway. Premier Family Physicians will serve as the anchor tenant of the new development. The project will include 190 surface-level parking spaces. Leasing of the property is expected to commence in January 2019.
GAINESVILLE, TEXAS — Villa Grande Mexican Restaurant will open a 3,800-square-foot location at 201 N. Interstate 35 in the North Texas city of Gainesville. Paul Vernon of Henry S. Miller Brokerage LLC represented the tenant in the lease negotiations. Jim Jamerson and Kenley Minchew of The John T. Evans Co. represented the landlord, CR Midway Investment LP. The location, which is the restaurant’s fifth, will open in October.