Property Type

101-195-Franklin-Mills-Blvd-Philadelphia-PA

Benbrooke Sells 223,434 SF Retail Power Center in Philadelphia for $25.8M

by Amy Works August 26, 2016

PHILADELPHIA — Benbrooke has completed the disposition of Franklin Marketplace, a retail power center located at 101-195 Franklin Mills Blvd. in northeastern Philadelphia. PAG Investments acquired the asset free and clear of existing debt for $25.8 million. The 223,434-square-foot center was 88.6 percent leased to a variety of national and regional tenants, including Kaplan, Big Lots, Dollar Tree, Retro Fitness, Harbor Freight Tools and Citizens Bank. Chris Munley, Jose Cruz, Kevin O’Hearn and Michael DiCosimo of HFF represented the seller in the transaction.

August 26, 2016

Massachusetts Multifamily Northeast

CBRE/NE Negotiates Sale of 195-Unit Apartment Community in Suburban Boston

by Amy Works August 26, 2016

MALDEN, MASS. — CBRE/New England has brokered the sale of 480 Main Street, an infill apartment community located in Malden. Residence at Malden Square, an affiliate of Priderock Capital Partners, sold the 195-unit property to The DSF Group for an undisclosed price. The five-story property features 30 studios, 115 one-bedroom apartments and 50 two-bedroom units with an average unit size of 768 square feet. Additionally, the building features four retail suites totaling 7,599 square feet. The apartments are 100 percent market rate and the retail space is partially leased to a bakery and drop-off dry cleaning service. Simon Butler and Biria St. John of CBRE/NE represented the seller and procured the buyer in the deal.

August 26, 2016

Loans Multifamily New York Northeast

Meridian Capital Arranges $17.9M in Construction Financing for Multifamily Property in Queens

by Amy Works August 26, 2016

NEW YORK CITY — Meridian Capital Group has arranged $17.9 million in construction financing for the development of a multifamily property located in the Jamaica neighborhood of Queens. David Hayum and Tal Savariego of Meridian secured the three-year, interest-only construction loan, provided by a regional balance sheet lender, for the Long Island-based borrower. Located at 177-30 Wexford Terrace, the ground-up development will feature 68 apartments and a community facility.

August 26, 2016

Hospitality New York Northeast

Quadram Global to Open Two Arlo Hotels in Manhattan

by Amy Works August 26, 2016

NEW YORK CITY — Quadram Global is developing two Arlo micro-hotel brand hotels in Manhattan. Both hotels were designed by Gene Kaufman Architect. Located at 231 Hudson St., the 11-story, 325-key Arlo Hudson is slated to open on September 6. The 97,000-square-foot hotel will feature a rooftop terrace with a bar/lounge, a ground-floor courtyard with lounge and Harold’s Meat +3, the latest eatery of Chef Harold Moore, executive chef and owner of Commerce Restaurant. The interiors of the Hudson Square property were designed by AvroKO, and the landscape was designed by MDD Landscape Design. Located at 11 E. 31st St., the 37-story, 250-key Arlo NoMad is scheduled to open later this fall. The 91,000-square-foot hotel will feature a roof deck, small but well-appointed guest rooms, dining and lounging options and public spaces.

August 26, 2016

Industrial Northeast Pennsylvania

VYC Tires Leases 61,157 SF of Warehouse Space in Pennsylvania

by Amy Works August 26, 2016

ALLENTOWN, PA. — VYC Tires Inc., commonly known as bestusedtires.com, has leased 61,157 square feet of warehouse space at 7072 Snowdrift Road in Allentown. The Allentown-based, family-owned company provides quality used tires to customers across the continental United States. Ethan Medgie of Markward Group represented the tenant, while landlord DCT Industrial Trust was self-represented in the transaction.

August 26, 2016

Colorado Multifamily Seniors Housing Western

Blue Moon, MGL, Leisure Care to Build 169-Unit Seniors Housing Community in Denver

by Nellie Day August 26, 2016

DENVER — A joint venture between Blue Moon Capital Partners LLC, MGL Partners and a subsidiary of Leisure Care are developing a 169-unit independent living, assisted living and memory care community in the Denver Tech Center neighborhood of Denver. The partnership brings together Boston-based Blue Moon, an investor focused exclusively on seniors housing; Denver-based MGL, a multifamily and seniors housing developer; and Seattle-based Leisure Care, an operator of 39 seniors housing communities. Construction is slated for completion in 2018.

August 26, 2016

California Retail Western

Tropical Holdings, Ruffin Tech Center Sell Restaurant Property in La Habra for $3.3M

by Nellie Day August 26, 2016

LA HABRA, CALIF. — Tropical Holdings LLC and Ruffin Tech Center Ltd. has completed the sale of a restaurant property located at 1000 S. Beach Blvd. in La Habra. A Rowland Heights, Calif.-based private investor acquired the property for $3.3 million. The newly constructed, single-tenant, 5,506-square-foot property is absolute triple-net leased to Black Bear Diner. Jeremy McChesney of Hanley Investment Group represented the sellers, while Peter Deltondo of Marcus & Millichap represented the buyer in the transaction.

August 26, 2016

California Retail Western

Arroyo & Co., Colliers Broker Acquisition of 36,816 SF Shopping Center in Oakland

by Nellie Day August 26, 2016

OAKLAND, CALIF. — Arroyo & Co. and Colliers have arranged the acquisition of Shops at Broadway, a newly constructed grocery- and pharmacy-anchored shopping center located in Oakland. A group of San Francisco Bay area developers sold the property to an undisclosed buyer for an unreleased sum. Sprouts Farmers Market, Walgreens, Starbucks Coffee, Chipotle and Sleep Train occupy the 36,816-square-foot center. Pedro Arroyo and David Kram of Arroyo & Co., along with Mark Lewkowitz of Colliers, represented the buyer in the deal.

August 26, 2016

California Retail Western

Shea Properties Adds Four Retailers to Del Sur Town Center in San Diego

by Nellie Day August 26, 2016

SAN DIEGO — Shea Properties has added four new retailers to Del Sur Town Center, a specialty dining and retail development in the master-planned Black Mountain Ranch in San Diego. The new tenants are Sprouts Farmers Market, Orangetheory Fitness, Just Run, a specialty boutique catering to walkers and runners, and Ogden’s Cleaners, an eco-friendly dry-cleaning company. Additional tenants at Del Sur Town Center are Target, CürBar, The Bike Shop and Del Sur Ranch Dental.

August 26, 2016

Colorado Office Western

Eide Bailly Leases Office Space at One Belleview Station in Denver

by Nellie Day August 26, 2016

DENVER — Accounting firm Eide Bailly has leased 29,704 of office space at One Belleview Station, a transit-oriented-development within the Denver Tech Center. The firm will occupy the entire seventh floor. One Belleview Station is scheduled for delivery on Dec. 1 of this year. It will feature 318,000 square feet of Class AA office space. The new space will allow Eide Bailly to consolidate its Golden and Denver Tech Center offices into a single location. The general contractor for One Belleview Station is Weitz, while Gensler’s Denver studio is the architect. The master developer is Front Range Land and Development Co.

August 26, 2016

Newer Posts

Older Posts

Upcoming Events

Aug
06