NASHUA, N.H. — NorthMarq Capital has secured $1.8 million in refinancing for an office building in Nashua. Michael Chase of NorthMarq’s Boston office arranged the long-term financing through a regional bank for the undisclosed borrower. The two-story building features 33,000 square feet of office space.
PORT WASHINGTON, N.Y. — BEB Real Estate has leased 56,000 square feet of office and industrial space to Cintas Corp. The Cincinnati-based company will occupy space on the first and second floors at 12 Harbor Park Drive in Port Washington. Lee Brodsky, Dan Oliver and Dan Marcus of Newmark Grubb Knight Frank represented the landlord, BEB Real Estate, in the deal.
LINDEN, N.J. — Milbrook Properties has signed three new tenants to Aviation Marketplace, its 644,565-square-foot shopping center located at 601-901 W. Edgar Road in Linden. In the first deal, Massage Envy Spa inked a 10-year lease for 2,598 square feet of space. Jeffrey Realty and RJ Brunelli Real Estate co-brokered the transaction. In the second lease, European Wax Center signed a 10-year deal for 1,522 square feet of space. Jeffrey Realty and RJ Brunelli Real Estate also co-brokered this lease. In the final transaction, Source Plasma Manufacturing leased 3,661 square feet of space for 11 years. Jeffrey Realty co-brokered the deal. Additional tenants at the center include Shop Rite, The Home Depot, Marshalls, Old Navy, AC Moore, The Avenue, Applebee’s, Ten Spot, GNC, Allstate and GameStop.
SAN ANTONIO — On behalf of Calton Investments Inc., JLL has brokered the sale of the Cordoba Apartments in San Antonio. Brugge Properties purchased the 260-unit property. Scott LaMontagne, Moses Siller and Zar Haro led the JLL team in the deal. Cordoba Apartments offers access to I-10 and Loop 410 and features a swimming pool, on-site clothing care facilities and a tennis court. The 149,264 -square-foot, garden-style community consists of 24 two- and three-story residential buildings across nearly eight acres.
CEDAR HILL, TEXAS — Guitar Center has leased 13,349 square feet of junior anchor space at Cedar Hill Pointe, a retail center located at the northwest corner of Pleasant Run Road and U.S. Highway 67 in Cedar Hill. Steve Gray and Phillip Hooks of The Weitzman Group handled negotiations as leasing agents for the shopping center’s owner, along with Cole Burdette and Rob Franks of JLL. The new Guitar Center location is scheduled to open this fall. Other tenants in the shopping center include Jason’s Deli, Sherwin Williams, Sleep Number, FedEx Kinko’s, SAS Shoes and Fantastic Sams.
LAGUNA PARK, TEXAS — Marcus & Millichap has arranged the sale of a 9,100-square-foot retail building in Laguna Park net-leased to Dollar General. Thomas Costello of Marcus & Millichap’s office in The Woodlands secured the buyer, a private partnership. The property is located at Secunda Street and Highway 22.
HOUSTON — NAI Partners has represented Bombshelter Diesel Supply LLC in the lease of a 42,525-square-foot distribution/warehouse space located at 21401 Park Row Drive in Houston. Bombshelter Diesel Supply is a subsidiary of Dieselcore. The company is a diesel core supplier to engine and parts remanufactures, as well as parts distributors. John Ferruzzo and Darren O’Conor of NAI Partners represented the tenant, Bombshelter Diesel Supply LLC, in the negotiations. Darryl Noon and Brain Gammill of Transwestern represented the landlord, MCA Mason Creek Owner LLC.
TERRELL, TEXAS — Lee & Associates, has arranged a lease transaction for a 19,000-square-foot industrial space located at 9752 County Road 310 in Terrell. Brett Lewis of Lee & Associates’ Dallas/Fort Worth office represented the tenant, Axus Paints, in the transaction.
WEST PALM BEACH, FLA. — BankUnited has provided a $65 million loan to McCraney Property Co. to refinance its 1 million-square-foot industrial portfolio in Florida. The assets include Vista Business Center and Belvedere Business Park in West Palm Beach, Orlando Central Park and Discovery Lakes in Orlando and Treasure Coast Commerce Center in Stuart. Robert Hummel led BankUnited’s Miami office in providing the long-term loan.
JACKSON, GA. – Construction is underway on Dollar General’s 15th distribution center in the United States in Jackson, which straddles both Butts and Spalding counties. The 1 million-square-foot industrial facility is expected to create more than 500 new jobs at full capacity and to be operational by fall 2017. Dollar General has more than 13,000 retail locations and 119,000 employees, with more than 700 stores and over 5,000 employees in Georgia. The new distribution center is expected to serve more than 1,000 stores in the Southeast. Dollar General’s 14 other distribution centers are located in Alabama, California, Florida, Indiana, Kentucky, Mississippi, Missouri, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Virginia and Wisconsin.
