SACRAMENTO, CALIF. — Mathnasium, a national math learning center, has leased 1,400 square feet at 3333 Arden Way in Sacramento’s Arden Arcade district. Franchisee owner/operator Jeff Pudewell/Y Corp. plans to open a new franchise at the location in early 2017. Tom Conwell of Newmark Cornish & Carey represented the tenant, while Gretchen Tobin and Keith Mellor of ProEquity Real Estate Services, a division of ProEquity Asset Management Corp., represented the landlord, United Growth Capital Management Corp.
OXNARD, CALIF. — Shea Properties and CenterCal Properties have signed the first eight tenants for The Annex, a 16,000-square-foot public market-style space located within The Collection at RiverPark in Oxnard. The new tenants include the first brick-and-mortar location of Scratch, Ragamuffin Coffee Roasters, Cherry Hills Market, Sueño Jewelry Studio, Love Pho Café, Wok to Walk, Bottle & Pint and After Ice Cream. Construction of the center is slated to begin this month with the first tenants scheduled to open in spring 2017.
GROVEPORT, OHIO — Hillwood has acquired Rickenbacker 717, a Class A distribution center located at 3099 Rohr Road in Groveport, south of Columbus, for an undisclosed price. Situated on 35 acres, the 717,717-square-foot building features 32-foot clear heights, a cross-dock configuration, 70 dock doors (expandable to 139), an ESFR fire protection system, 135-foot truck court depths, 50-by-60-foot column spacing, ample auto parking and 68 trailer stalls with land available for an additional 86 stalls. Additionally, the facility is in close proximity to Rickenbacker International Airport, Port Columbus International Airport, the Norfolk Southern intermodal yard and interstates 270, 70 and 71. The name of the seller was not released.
FENTON, MO. — St. Louis-based KP Development has broken ground on a $10 million speculative industrial building at the former Chrysler Assembly Plant within Fenton Logistics Park in Fenton. Situated on 12 acres, the 160,000-square-foot building will feature 16 truck docks, with expansion to 18, and be suitable for office, warehouse and multifunction use. The facility will be served by existing BNSF rail facilities and offers access to I-44 via the future Fenton Logistics Parkway. M&H Architects is serving as architect for the building, while Paric is serving as general contractor. Construction is slated for completion by late summer 2017. At build-out, Fenton Logistics Park will be a $222 million, 2.1 million-square-foot business park.
BRIGHTON, MICH. — Marcus & Millichap has brokered the sale of The Shoppes at Green Oak, a regional power center located at 6650 Whitmore Lake Road in Brighton. A private investor acquired the property for $13.1 million, or $127 per square foot. Built in 2005 on nearly 11 acres, the 103,231-square-foot center is occupied by Kohl’s, TGI Fridays, Fifth Third Bank, Wendy’s, Olive Garden and Discount Tire. Simon Jonna and Mike James of Marcus & Millichap represented the undisclosed seller, while Ashish Vakhariya, also of Marcus & Millichap, represented the buyer. Steven Chaben is Marcus & Millichap’s broker of record in Michigan for the deal.
RAYTOWN, MO. — Block & Company Realtors has brokered the sale of a 1.28-acre pad site located at the southeast corner of 75th Street and Raytown Road in Raytown, a suburb of Kansas City. Freddy’s Frozen Custard and Steakburgers acquired the site for an undisclosed price. The buyer plans to construct a restaurant on the site, with completion scheduled for early 2017. David Block and Phil Peck of Block & Company Realtors negotiated the transaction. The name of the seller was not released.
NEW YORK CITY — Rockrose Development has received a $65 million mortgage refinance loan for a residential rental building located at 100 Jane St. in Manhattan’s West Village. Andrew Singer and Kathleen McSharry of The Singer & Bassuk Organization arranged the financing, which was provided by Wells Fargo. Acquired in 1981, the nine-story building features 123,646 square feet, 148 residential units, a fitness center, roof deck and landscaped interior courtyard.
WINDHAM, CONN. — Greystone has provided a $36 million Fannie Mae DUS loan to refinance Colonial Townhouse Apartments in Windham. Donny Rosenberg of Greystone and Shaya Ackerman of Meridian Capital originated the loan for the borrower, Colonial BT LLC. The non-recourse loan carries a 10-year fixed term with the first three years as interest-only payments and a 30-year amortization schedule. The 444-unit property is 95.9 percent occupied.
NEW YORK CITY — Rosewood Realty Group has brokered the sale of a four-building retail portfolio in the Homecrest neighborhood of Brooklyn. Embkay by Select LLC sold the contiguous buildings to 325 Realty Inc. for $12.1 million. The 19,300-square-foot portfolio comprises 1805-1811, 1815 and 1817 Avenue U and 2073-2075 E. 18th St. Michael Guttman of Rosewood Realty represented the seller, while Guttman and Jacob Setton, also of Rosewood Realty, represented the buyer in the deal.
NEW YORK CITY — Eastern Union Funding has arranged a $10.3 million acquisition loan on behalf of ABJ Properties for its $16 million purchase of a multifamily portfolio in Harlem. The six-building portfolio comprises 82 apartments and six retail spaces. The properties are located at 53-55 W. 130th St., 165 W. 122nd St., 56 W. 127th St., 2401 Adam Clayton Powell Jr. Blvd., and 342 and 346 Lenox Ave. Meir Kessner and Ira Zlotowitz of Eastern Union Funding secured the loan, which was provided by Customers Bank.