GREENVILLE, TEXAS — Rhino Linings Corp. is relocating its global production and blending headquarters to Greenville. Located at 1001 Ed Rutherford St., the revitalized 100,000-square-foot production plant sits on approximately 100 acres of land. The facility will include a lab, blending and material drumming machinery, large warehouse, showroom and offices. Additionally, the Greenville plant will serve as an industrial coating training facility, hosting hundreds of Rhino Linings customers and prospects interested in applying Rhino Linings products.
SAN ANTONIO — Berkadia has facilitated the sale of Ridge at Southcross, a 212-unit multifamily property located at 4700 Stringfellow Drive in San Antonio. The undisclosed buyer plans to complete the rehabilitation work that the seller started at the property, which was built in 1974. The property features studio, one- and two-bedroom floor plans and a variety of community amenities, including a clubhouse, hot tub, pool, on-site business center, fitness center and clothing care facility. Mike Miller, Chris Ross, Will Caruth and Cody Courtney of Berkadia brokered the transaction. The name of the seller and acquisition price were not released.
WACO, TEXAS — BH Properties has completed the disposition of Waco Commons, a shopping center located at 300 N. Valley Drive and 4125 Franklin Ave. in Waco. B.H. Waco Retail Mills LLC, as the selling entity, sold the property to Johnson Family Shopping Center LLC for $9.7 million. At the time of sale, the 128,769-square-foot property was 82 percent occupied by tenants including Dirt Cheap, Tractor Supply Co., Planet Fitness, Firehouse Subs, CSL Plasma and Brident Dental. Pat Farrar of Reid Co. was the sole broker in the transaction.
HOUSTON — Prologis has leased industrial space to Mahi Granite at its facility located at 8255 Kempwood in Houston. The tenant will occupy 36,750 square feet of space. Greg Barra and David Boyd of Boyd Commercial/CORFAC International represented the landlord, while Bobby Daush of Fischer and Grant Hortenstine of Avison Young represented the tenant in the lease transaction.
LIVONIA, MICH. — Colliers International has brokered the sale of the Awrey’s Bakery building in Livonia, a western suburb of Detroit. The sales price was not disclosed. The 219,225-square-foot building sits on 20 acres and is located at 12301 Farmington Road. Raffi Derbabian of Colliers International represented the seller, NJ Ventures LLC. The buyer was undisclosed. Awrey’s bakery production will continue to operate out of the building. Originally founded in 1910, the bakery remains one of the largest, privately owned bakeries in the country.
ANN ARBOR, MICH. — Hunt Mortgage Group has provided an $18 million Fannie Mae loan to refinance Hidden Valley Apartments in Ann Arbor. The 324-unit apartment community is located at the northeast corner of State Street and Eisenhower Parkway. Constructed in 1973, the complex consists of seven two-story buildings with 36 studio units, 198 one-bedroom units and 90 two-bedroom units. The 30-year loan includes a 30-year amortization schedule. Cardinal HVC LLC was the borrower. Matt Shane of Q10/Lutz Financial Services was the mortgage broker in the transaction.
APPLETON, WIS. — HREC Investment Advisors has arranged the sale of an 80-guestroom GrandStay Hotel & Suites, a regional hotel chain, in Appleton. The sales price was not disclosed. The hotel is located at 300 N. Mall Drive near the Fox River Mall and Outagamie Regional Airport. Features include an indoor pool, lobby bar and exercise room. Regal Hospitality Inc. was the buyer. Scott Kaniewski of HREC Chicago exclusively represented the seller, Pearlshire Capital.
LOCKPORT, ILL. — The Boulder Group has arranged the sale of a single-tenant property net leased to US Bank in Lockport, 30 miles southwest of Chicago, for $2.1 million. The building is located at 1103 East 9th St. near Lewis University. The triple net lease entered into by US Bank expires in July 2026 and features annual rental escalations of 2.5 percent and three five-year renewal option periods. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction, an institutional investment firm. A high net worth individual was the buyer.
GRAND FORKS, N.D. — Marcus & Millichap has brokered the sale of a property net leased to Caribou Coffee and Einstein Bros. Bagels in Grand Forks for $1.8 million. The 2,558-square-foot space is located at 1225 S. Columbia St. Sean Doyle, Matthew Hazelton, Adam “AJ” Prins and Cory Villaume of Marcus & Millichap had the exclusive listing to market the property on behalf of the seller, a developer. Mark Ruble and Jamie Medress of Marcus & Millichap secured and represented the buyer, a partnership. Regional Manager Craig Patterson assisted in closing the transaction.
GREENWICH, CONN. — NGKF Capital Markets, on behalf of Fareri Associates, has closed on $97.5 million in debt financing for the acquisition of Greenwich Office Park in Greenwich. The five-year, fixed-rate loan with a full-term interest-only component will be used to acquire the eight-building office park from Clarion Partners for $130 million, or $344 per square foot. Situated on 21 acres, the 380,561-square-foot property underwent a $15.5 million capital improvement program. Jordan Roeschlaub, Steven Sperandio and Daniel Fromm of NGKF Capital Markets arranged the loan for the sponsor, Fareri Associates.