Property Type

FOSTER CITY, CALIF. — Atria Senior Living has opened Atria at Foster Square, a 155-unit independent living, assisted living and memory care community in Foster City, located between San Francisco and San Jose. The six-story building totals 190,000 square feet. Atria is seeking LEED Silver certification for the community. The property is part of a larger multi-building development that includes additional housing and retail space aimed at seniors. Architecture firm Perkins Eastman designed the property, which San Francisco-based Webcor Builders constructed. Based in Louisville, Ky., Atria Senior Living is the eighth largest operator of seniors housing properties in the United States, according to 2016 numbers by the American Seniors Housing Association. The company totals 196 communities in 27 states and seven Canadian provinces, serving more than 21,000 residents.

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Cedar-Wright-Gardens-Lodi-NJ

LODI, N.J. — Gebroe-Hammer Associates has arranged the sale of Cedar Wright Gardens, an apartment complex located at 77 Mary St. in Lodi. Cedar Wright Apartments LLC acquired the property from Cedar Wright Gardens LP for $100 million. Situated on 31 acres, the property features 642 units in a mix of one- and two-bedroom layouts, on-site laundry facilities, off-street and optional garage parking and courtyards. Ken Uranowitz, Joseph Brecher and Greg Pine of Gebroe-Hammer represented the seller and identified the buyer in the transaction.

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320-Summer-St-Boston-MA

BOSTON — HFF has arranged $63 million in financing for two office buildings, located at 320 and 333 Summer St. in Boston’s Seaport District. Frederic Wittman and Brett Paulsrud of HFF secured the 10-year, 3.65 percent fixed-rate loan with The Hartford Financial Services Group for the borrower, ASB Real Estate Investments. Totaling 217,000 square feet, the buildings feature loft-style space that is 97 percent leased to LogMeln, a PC data systems management firm that is merging into a subsidiary of Citrix. ASB’s Allegiance Fund, in a joint venture with Lincoln Property Co., owns the buildings.

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Benchmark-Norwood-MA

NORWOOD, MASS. — Benchmark Senior Living has opened Benchmark Senior Living on Clapboardtree, a 90-unit assisted living and memory care community in the Boston suburb of Norwood. The community features 69 assisted living units and 21 memory care units. It is Benchmark’s 53rd community. Based in nearby Waltham, Benchmark is a developer, owner and operator of seniors housing communities in the Northeast, largely focused on New England.

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3880-Broadway-NYC

NEW YORK CITY — Cignature Realty has arranged the sale of a mixed-use property located at 3880 Broadway in the Washington Heights section of New York City. A South Florida investor acquired the building from Coltown Properties for $17.5 million, or $390 per square foot. The 44,868-square-foot building features 32 apartment units and three commercial spaces. Lazer Sternhell and Peter Vanderpool of Cignature represented the buyer and seller in the deal.

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Maple-Glen-New-Providence-NJ

NEW PROVIDENCE, N.J. — Erickson Living, one of the largest seniors housing operators in the United States, has announced a Phase II expansion of Lantern Hill, the company’s 161-unit independent living community in New Providence, approximately 30 miles west of New York City. The expansion will add 114 additional independent living units to the property, for a total of 275. The new units will be in two new buildings scheduled to open in early 2018. Long-term, Erickson plans to turn the 20-acre property into a 360-unit continuing care retirement community. The first independent living phase opened in June 2016 and sold out in 10 weeks, according to Erickson.

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Doerr-Lane-Industrial-Schertz-TX

SCHERTZ, TEXAS — Conor Commercial Real Estate has delivered Doerr Lane Industrial Park, a speculative cross-dock industrial building in Schertz, a northeast suburb of San Antonio. Situated within Tri County Business Park, the 213,864-square-foot property features 32-foot clear heights, 54 dock-high loading doors, two truck courts and on-site parking for 250 vehicles and 31 trailers. The design team includes Cadence McShane Construction Co. and Powers Brown Architecture. The building is available for immediate occupancy. Terry Warth, Rob Burlingame and Joshua Aguilar of CBRE are marketing the property.

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Sleep-Inn-Tulsa-OK

TULSA, OKLA. — Marcus & Millichap has arranged the sale of Sleep Inn & Suites Central/Interstate 44, a hotel located at 8021 E. 33rd St. South in Tulsa. A limited liability company acquired the 66-room hotel for an undisclosed price. Skyler Cooper, Chris Gomes, Allan Miller and Tom Mann of Marcus & Millichap represented the seller, a limited liability company, and the buyer in the deal.

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Las-Lomas-Apts-Arlington-TX

ARLINGTON, TEXAS — Dougherty Mortgage has closed a $13 million Fannie Mae loan for the acquisition of Las Lomas Apartments in Arlington. The borrower, DCP 834 Timberlake Drive LLC, used the loan to acquire the 224-unit property. The Fannie Mae 10-year loan features two years of interest-only payments and a 30-year amortization schedule. Dougherty’s Vienna, Va., office arranged the loan through a partnership with Old Capital Lending.

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MCKINNEY, TEXAS — Bright Realty has brokered the sale of Century Square, a retail property located at 4600 Eldorado Parkway in McKinney. Anytime Fitness, DOC, Pure Plates and Choice Beverage occupy the 10,377-square-fooot property. Britton Lankford and Tim McNutt of Bright Realty represented the undisclosed seller, while Mark Graybill of Lee & Associates represented the undisclosed buyer in the sale. The acquisition price was not released.

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