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750-union-ave-union-nj
IndustrialNew JerseyNortheast

Bridge Development Sells 263,415 SF Industrial Building in Union, New Jersey

by Amy Works

UNION, N.J. — Bridge Development Partners has completed the disposition of Bridge Point Port West, an industrial building located at 750 Union Ave. in Union. A fund managed by J.P. Morgan acquired the 263,415-square-foot property for $46.5 million. Completed in 2015, the building features 36-foot clear heights, 55-foot column spacing, 50 loading doors, ESFR sprinkler systems, T-5 lighting and on-site parking for 150 trailers. At the time of sale, the property was fully leased to Boxed.com and Union Beverage Packer. Brian Fiumara, Michael Hines and Brad Ruppel of CBRE represented the seller, while Nick Firth provided in-house representation for the buyer.

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south-winds-apts-fall-river-ma
LoansMassachusettsMultifamilyNortheast

CBRE/NE Secures $31.5M Acquisition Loan for 404-Unit Apartment Community in Massachusetts

by Amy Works

FALL RIVER, MASS. — CBRE/New England has secured a $31.5 million Fannie Mae loan to finance the acquisition of South Winds Apartments, a 404-unit residential community located in Fall River. Boston-based Taurus Investment Holdings acquired the property for $39.3 million, or $97,400 per unit. Built in 1971, the property comprises 26 buildings featuring a total of 146 one-bedroom, 218 two-bedroom and 40 three-bedroom units. John Kelly and Matt Marshall of CBRE/NE secured financing for the buyer.

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706-frost-bridge-watertown-ct
ConnecticutIndustrialNortheast

Fischer Commercial Real Estate Brokers $1.6M Acquisition of Industrial Building in Watertown, Connecticut

by Amy Works

WATERTOWN, CONN. — Fischer Commercial Real Estate Specialists has arranged the acquisition of an industrial building located on 8.4 acres at 760 Frost Bridge Road in Watertown. 1 Frost Bridge Road Realty, a title-holding entity of Norwalk-Wilbert Vault Co., acquired the property from Frost Bridge Road LLC for $1.6 million. The buyer plans to relocate its operations from Bridgeport, Conn., to the 47,098-square-foot property once renovations and structural modifications are complete. Alan Fischer of Fischer Commercial Real Estate Inc. represented the buyer, while Nick Longo of Mathews Commercial Properties represented the seller in the deal.

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151-technology-san-antonio-tx
OfficeTexas

Preferred Real Estate Investments Acquires 122,093 SF Office Property in San Antonio

by Amy Works

SAN ANTONIO — Preferred Real Estate Investments has purchased 151 Technology, a two-building office complex located on 15 acres in San Antonio. Corporate Office Properties Trust sold the property for an undisclosed price. Totaling 122,093 square feet, the complex consists of one fully leased building and one vacant building. The asset was 62 percent occupied at the time of closing. Peloton Commercial Real Estate has been retained to lease and manage the property.

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IndustrialOfficeRetailTexas

NAI Partners Brokers Sale of 128.5-Acre Commercial Site in Metro San Antonio

by Amy Works

NEW BRAUNFELS, TEXAS — NAI Partners has arranged the sale of a 128.5-acre site at 7965 Old Bastrop Road in New Braunfels. Schlameus Trust sold the commercially zoned site to Don Buttrom for an undisclosed price. Brett Lum of NAI Partners represented the seller, while Wayne Windle of Anders Pierce Realty represented the buyer in the deal.

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801-e-border-st-arlington-tx
OfficeTexas

Coldwell Banker Commercial Brokers Acquisition of Office Building in Arlington

by Amy Works

ARLINGTON, TEXAS — Coldwell Banker Commercial Advisors has arranged the acquisition of a two-story office building located at 801 E. Border St. in Arlington. Bardin Square Investors Ltd. acquired the property from Snowden Family Properties LLP for an undisclosed price. Renee Efimoff of Coldwell Banker Commercial Advisors represented the buyer, while Jordan Foster of Peyco Southwest Realty represented the seller in the transaction.

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acadiana-courte-tomball-tx
OfficeTexas

Marcus & Millichap Facilitates Sale of Office Property in Tomball, Texas

by Amy Works

TOMBALL, TEXAS — Marcus & Millichap has arranged the sale of Acadiana Courte, an office property located at 16506-16522 Avenplace/16430 A-E N. Eldridge in Tomball. A developer sold the 20,135-square-foot property for an undisclosed price. Keith Lloyd of Marcus & Millichap represented the seller. The name of the buyer was not released.

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MichiganMidwestMixed-Use

Broder & Sachse, Woodborn Partners Open $65M Mixed-Use Development in Detroit

by Kristin Harlow

DETROIT — Co-developers Broder & Sachse Real Estate and Woodborn Partners have opened The Scott at Brush Park, a mixed-use development in Detroit’s midtown neighborhood. The building features 199 luxury apartments and 15,000 square feet of retail space. The Scott includes a variety of studio, one-, two- and three-bedroom units, a number of which are slated for move-ins in February. Apartments range in size from 450 to 1,380 square feet of space. Amenities include a 24-hour concierge service, dry cleaning delivery, stations for pet grooming and bicycle maintenance and a fitness center. Sachse Construction served as the construction manager and Neumann/Smith served as the architect.

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LoansMidwestMultifamilyWisconsin

Dwight Capital Provides $19.8M Loan for Refinancing of Apartment Property in Madison, Wisconsin

by Kristin Harlow

MADISON, WIS. — Dwight Capital has provided a $19.8 million loan for the refinancing of Blackhawk Trails Apartments in Madison. The property consists of 196 units. The 35-year loan was financed through HUD’s 223(a)(7) program at an interest rate of 3.6 percent. Blackhawk Trails LLC was the borrower. Adam Sasouness of Dwight Capital originated the loan.

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