POOLER, GA. — Image Hotels has broken ground on a four-story, 120-room Courtyard by Marriott located at 419 Pooler Parkway in Pooler, a suburb of Savannah. The Courtyard Pooler/Savannah Airport hotel will be situated near the Savannah/Hilton Head International Airport and the new Tanger Outlet Savannah. The property will feature 6,820 square feet of banquet and event space, as well as a fitness center, guest laundry services, business center, restaurant and a 24-hour snack shop. Set to open in September 2018, the hotel will operate as a Marriott franchise and will be owned by Image Pooler LLC. Image Hotels will manage the hotel upon completion.
AUBURN, ALA. — EdR has acquired 319 Bragg, a 305-bed student housing community located within walking distance of the Auburn University campus in Auburn. Built in 2014, the property offers two-, three-, four- and five-bedroom units. Community amenities include a study lounge with individual study rooms, 24-hour fitness center, resort-style pool with cabanas, dog park and access gates. Ryan Lang of ARA Newmark’s Student Housing Group represented the seller, Barrett Development Group, in the transaction. The sales price was undisclosed.
RAYTOWN, MO. — Block & Co. Inc. Realtors has brokered the sale of three shopping centers in Raytown, about 10 miles southeast of Kansas City, for $4.9 million. The centers are located at 5200-5254 Blue Ridge Blvd., 6204-6240 Raytown Trafficway and 6215-6249 Blue Ridge Blvd. The centers are all nearly 100 percent occupied. 1340 East 9th Street Realty Corp. purchased the properties from Monopoly Acquisitions. Bill Maas and Jay Friedman of Block & Co. brokered the sale on behalf of the seller. Block & Co. will continue to handle leasing on behalf of the new owner for the shopping center located at 6204-6240 Raytown Trafficway.
CHARLOTTE, N.C. — JLL has arranged a new 102,660-square-foot lease for showroom and distribution space at Steele Creek Commerce Center in Charlotte. John Cashion of JLL represented the tenant, Hearth and Home Technologies, the world’s largest manufacturer of hearths. The Minnesota-based company is a subsidiary of HNI Corp. and operates 14 brands of fireplaces, stoves and inserts. The manufacturer also leases space within North Park Business Park and sought additional space in Charlotte to meet growing business demands. Brad Cherry, Spencer Yorke and Matt Greer, also with JLL, represented the landlord, EastGroup Properties, which owns both Steele Creek Commerce Center and North Park Business Park.
ELK GROVE VILLAGE, ILL. — Brennan Investment Group has acquired a 46,741-square-foot distribution facility in Elk Grove Village in the O’Hare submarket of Chicago. The purchase price was not disclosed. The facility is located at 2395 Greenleaf Ave. The property serves as the corporate headquarters for National Metal Fabricators and is 100 percent leased to the company, which specializes in precision sheet metal fabrication, angle ring manufacturing and specialty custom rolling. Brennan owns and manages over 2 million square feet in the O’Hare submarket.
GRAND RAPIDS, MICH. — American Dream Home Improvement has signed a 2,300-square-foot retail lease near the Gerald R. Ford International Airport in Grand Rapids. This will be the first West Michigan location for the Downers Grove, Ill.-based exterior home repair and storm restoration company. The property is located at 3940 Broadmoor Ave. Southeast. Mary Anne Wisinski-Rosely and Jason Makowski of NAI Wisinski of West Michigan arranged the lease transaction.
CHICAGO — SVN has arranged the sale of a mixed-use property portfolio in Chicago’s Pilsen neighborhood for $1.8 million. The portfolio consists of two buildings at the corner of 18th Street and Carpenter Street. The properties include 15 apartment units and two retail storefronts. Angelo Labriola and Paul Cawthon of SVN arranged the sale. Neither the buyer nor the seller was disclosed.
NEW YORK CITY — Eastern Consolidated has arranged the sale of two contiguous, six-story multifamily buildings, located at 556-568 Lefferts Ave. and 570-582 Lefferts Ave. in the Crown Heights and Prospect Lefferts Gardens section of Brooklyn. Treetop Development acquired the two-building package, totaling 105,000 square feet, from F&I Realty Corp. for $25 million. The properties offer a total of 105 apartment units. Matt Spark and Matthew Leist of Eastern Consolidated represented the seller, while Sparks also procured the buyer in the deal.
PISCATAWAY, N.J. — HFF has arranged $22 million in construction financing for 2 Turner Place, a to-be-built speculative warehouse and distribution building in Piscataway. A joint venture partnership between F. Greek Development and LaSalle Investment Management is the borrower. Michael Klein of HFF secured the three-year construction loan with TIAA-CREF Trust Co. FSB, known as TIAA Direct, for the borrower. Situated on 63.9 acres, the 451,800-square-foot facility will feature 36-foot clear heights, 149 loading doors, two drive-in doors and parking for 170 cars and 150 trailers. The property is scheduled for completion in the second half of the year.
NEW YORK CITY — Cushman & Wakefield has arranged the sale of a five-building multifamily portfolio located in the South Bronx. Gary Kassirer of Emerald Equity Group acquired the portfolio for $10 million, or $150 per square foot. Located on the south side of Crotona Park and Alexander Avenue in Mott Haven, the 28,865-square-foot portfolio features 68 residential and three commercial units. Robert Shapiro and David Simone of Cushman & Wakefield represented the undisclosed seller in the deal.