FAYETTEVILLE, GA. — Care Investment Trust LLC has partnered with affiliates of Phoenix Senior Living to purchase Hope Center Memory Care, a 64-unit seniors housing property in Fayetteville, about 22 miles south of Atlanta. Built in 2013, Hope Center provides care and activities for its residents, all of which need specialized memory care. Phoenix Senior Living plans to enhance the living experience of current and future residents through improved programming. The joint venture has hired a team of certified dementia practitioners to lead and deliver all care and services at Hope Center.
CLEARWATER, FLA. — Marcus & Millichap has brokered the $10.2 million sale of a 59,514-square-foot office building located at 15950 Bay Vista Drive in Clearwater, part of the Tampa Bay metro area. The office building serves at the corporate headquarters of Vology Inc., an IT service provider for healthcare, education and government clients. Douglas Mandel and Nicholas Hanson of Marcus & Millichap represented the seller, Ryan Cos., in the transaction. Mike James and Ryan Sobel of Marcus & Millichap’s Encino, Calif., office procured the 1031-exchange buyer.
AUSTIN, TEXAS — KeyBank Real Estate Capital has arranged $6.5 million in acquisition financing for Western Trails Senior Apartments, a garden-style apartment community in Austin, on behalf of Harmony Housing, a nonprofit organization that provides multifamily housing throughout the country. Located at 2422 Western Trails Blvd., the 99-unit property features a mix of studio, one- and two-bedroom apartments, laundry facilities, a fitness center and a hair salon.
DALLAS — EDGE Realty Capital Markets has arranged the sale of Wylie Crossing, a 12,327-square-foot, multi-tenant retail center located at the corner of Country Club Road and West Brown Street in Wylie, a northeastern suburb of Dallas. Brandon Beeson and John Mungioli of EDGE represented the seller, Wylie Building LP, in the transaction. Greg Cagle of Coldwell Banker represented the buyer, WinWin Holdings LLC.
ADDISON, TEXAS — Stream Realty Partners has secured an 8,223-square-foot office lease at Spectrum Center in the Dallas-Fort Worth metro of Addison on behalf of research and consulting firm Parks Associates. Located at 5080 Spectrum Drive, the building offers 598,250 square feet of Class A office space. Todd Noonan of Stream represented Parks Associates in the transaction. Avery Bush and Aarica Mims were the in-house representatives for the landlord, Granite Properties.
HOUSTON — Reytec Construction Resources Inc. has purchased approximately 14 acres of land at the corner of Bingle and Tidwell roads in northwest Houston for the development of Reytec’s new, 32,000-square-foot office headquarters. Trey Erwin and Walker Barnett of Colliers International represented Reytec and investment partner RES Bingle Partners LP in the transaction. Thomas Monaghan and Jeff Lindenberger of Avison Young represented the seller.
PAMPA, TEXAS — TREK Investment Group has brokered the sale of a retail property located at 854 S. Hobart St. in Pampa, a city in northwest Texas. Parker Carroll of TREK represented the undisclosed buyer in the sale of the property, which was built in 2015 and is triple-net leased to Family Dollar. Other terms of sale were not released.
DEERFIELD, ILL. — Caterpillar Inc. has unveiled plans to move its global headquarters from Peoria to Deerfield, a northern suburb of Chicago. The new building is located near Chicago O’Hare International Airport. Caterpillar arranged a multi-year leasing agreement with Corporate 500 office park. While the majority of employees will not be relocating, the company expects about 100 workers will move to the new building this year. The company says about 300 employees will be in the new headquarters when it is fully operational in mid-2018.
OCONOMOWOC, WIS. — Walker & Dunlop has arranged an $11.8 million loan for the refinancing of Summit Center Marketplace in Oconomowoc, about 34 miles west of Milwaukee. The 72,858-square-foot property consists of retail, office and medical office space. The property sits on 11 acres and consists of five freestanding buildings built between 2004 and 2006. Aurora Health Care anchors the property. Other tenants include Rosatti’s, The UPS Store and Anytime Fitness. Tim Cotter and Jeff Schmidt of Walker & Dunlop arranged the 10-year loan, which includes a 30-year amortization schedule. Principal Commercial Capital provided the loan.
NEW YORK CITY — Rosewood Realty Group has negotiated the $76.3 million sale of a four-building multifamily and retail portfolio in the Astoria neighborhood of Queens for $76.3 million. Rosewood’s Aaron Jungreis represented the seller, Kushner Cos., in the transaction. Queens-based investor Karan Singh was the buyer. The portfolio includes 21-80 38th St., 21-81 38th St., 23-05 30th Ave. and 23-15 30th Ave., totaling 143 apartments and 11 retail spaces across 123,500 square feet. Former owner RockFarmer Properties purchased the portfolio in 2013 for $32 million and sold it to Kushner for $51 million in January 2015. About 60 percent of the portfolio’s apartments are free-market. Kushner Cos. reportedly invested about $10 million in the buildings over the past two years.