HOUSTON — Jason Whittington of NAI Partners has represented Houston Engineering & Scientific Society Inc. (HESS) in renewing a 21,466-square-foot special events and meeting facility lease in Houston. HESS is the only occupant in the two-level, freestanding building located at 5430 Westheimer Road. HESS moved into the property in 1996. Henry Hagendorf and Dean Wilkens of Tanglewood Property Group represented the landlord, Franklin Post Oak Ltd.
TERRELL, TEXAS — Lee & Associates has negotiated a 19,000-square-foot industrial lease at 9752 County Road 310 in Terrell. Brett Lewis of Lee & Associates’ Dallas/Fort Worth office represented the tenant, Axus Paints, in the transaction.
DALLAS — Snappy Salads, a Dallas-based salad restaurant concept, has signed a lease at 717 Harwood St. in downtown Dallas. The restaurant will open at the corner of Harwood and San Jacinto streets, where it will open its first downtown location on the ground floor of the newly renovated 717 Harwood tower.
FENWICK ISLAND, DEL. — Wilmington, Del.-based Capital & Guarantee, an investment banker and developer, is developing Fenwick Medical Complex, a six-building facility serving Fenwick Island, Bethany Beach and Sussex County, Del., located on Route 20 just east of Fenwick Island. The 120,000-square-foot facility will feature a full-service emergency medical center, ample parking and a heliport, as well as a variety of physician practices, including cardiovascular, family practice, gastroenterology, gynecology, hand surgery and care, internal medicine, neurology, OBGYN, oncology and ophthalmology, among others. Each specialty practice at the facility will have an exclusive position with no competitive practice in the complex and admitting and practice privileges at the regional hospital located 12 miles from the complex.
JERSEY CITY, N.J. — Ironstate Development and Panepinto Properties are developing the final tower at the team’s multi-phase Columbus Drive project in Jersey City. Located at 90 Columbus Drive, the 50-story, 539-unit luxury apartment tower will be the fourth tower in the development, which already features residential buildings at 50 and 70 Columbus Drive, a more than 900-space parking garage and an under-construction 152-room Marriott Residence Inn at 80 Columbus Drive. The joint venture broke ground on the final tower earlier this year and completion is slated for October 2018. Completion for the hotel is slated for this winter. Russell Bershad of Gibbons Real Property & Environmental department has represented the joint venture on the Columbus project since its inception. The Gibbons team has closed $170 million in permanent financing for 70 Columbus, $155 million in construction financing for 90 Columbus and completed a $16 million term loan for the 70 Columbus project. Additionally, Gibbons served as counsel in connection with the ED-5 equity investment component for 90 Columbus.
NEW YORK CITY — HFF has arranged $26.9 million in acquisition and construction financing for 314 Scholes Street, a three-building industrial complex located in Brooklyn’s Williamsburg neighborhood. HFF arranged the five-year, floating-rate loan through M&T Bank for the borrower, The Hudson Companies. The borrower plans to convert the 97,475-square-foot complex into 83,211 square feet of creative office space and 14,543 square feet of retail space. Designed by S9 Architects, the project is slated for completion in 2018. Christopher Peck and Rory Shepard of HFF secured the financing for the borrower.
NEW YORK CITY — Cignature Realty Associates has brokered the sale of a multifamily building located at 546 Isham St. in the Inwood section of Manhattan. Hillcrest Acquisitions acquired the five-story corner building from Geisinger Equities for $9.4 million, or $249 per square foot. Built in 1928, the 37,700-square-foot property features 49 apartments in a mix of studio, one-, two- and three-bedroom layouts. Lazer Sternhell and Peter Vanderpool of Cignature Realty represented the buyer and seller in the deal.
NEW YORK CITY — Marcus & Millichap has arranged the sale of a three-unit townhome located at 426 W. 22nd St. in Manhattan’s West Chelsea neighborhood. A private investor acquired the residential rental property for $7.3 million, or more than $1,577 per square foot. The three-story property features a garden-level three-bedroom duplex with a private garden, a second-floor two-bedroom unit with terrace and a third-floor two-bedroom duplex with terrace. Peter Von Der Ahe, Joe Koicim and Josh Grossman of Marcus & Millichap represented the undisclosed seller and buyer in the deal.
LAS VEGAS — TruAmerica Multifamily has purchased three multifamily communities in Las Vegas. The purchase price was not disclosed. The Class B portfolio contains a total of 802 units. The properties include Oasis Gateway, Oasis Palms and Oasis Vinings. All three assets are situated within 2.5 miles of one another in the northwestern part of the valley. They were built between 1989 and 1997. TruAmerica will immediately implement a capital improvement program across all three properties. The assets were purchased in partnership with MSD Capital.
LAKEWOOD, COLO. — Jackson Square Properties has purchased the 300-unit Skye Crest apartments in Lakewood for $68.2 million. The community is located at 7846 W. Mansfield Parkway. It is situated immediately south of the intersection of Highway 285 and South Wadsworth Boulevard. HFF’s Jordan Robbins and Jeff Haag represented the seller, Fairfield Bentley LLC, in this transaction.