ELK GROVE VILLAGE, ILL. — Elk Grove Village-based Brown Commercial Group has arranged three industrial leases in metro Chicago totaling 20,139 square feet. In the first transaction, Jim Wagner Plumbing leased 9,000 square feet at 51 Eisenhower Lane South in Lombard. Mike Antonelli of Brown Commercial Group represented the tenant in its relocation. Joseph Gatto of Cushman & Wakefield represented the landlord, TA Realty Associates. In the second deal, Trinity Scurto of Brown Commercial Group represented Breda Moving Co., which leased 7,639 square feet to Almtan Midwest. Chuck Hauger of @properties Commercial represented the company in its expansion to 801 Dave Pate Drive in Roselle. Scurto also represented Kane Brandein in its lease of the last 3,500-square-foot space in a 21,000 square-foot building to VIP Limousine, which will occupy Unit F at 101 Kelly Road in Elk Grove Village. John Carbone represented the tenant.
DELAFIELD, WIS. — Siegel-Gallagher has negotiated a 3,770-square-foot office lease in Delafield, approximately 30 miles west of Milwaukee. Gunpowder Inc. will occupy space at Delafield Properties IV, a building located at 440 Wells St. Ace Delafield Properties LLC is the landlord. Devin Tessmer of Siegel-Gallagher brokered the transaction.
BETHESDA, MD. — Berkeley Point Capital has closed $1.4 billion in Freddie Mac acquisition loans for a 25-property, five-state portfolio on behalf of long-time client Starwood Capital Group. The portfolio’s properties total 8,597 units located in California, Colorado, Florida, Maryland and Virginia. The properties were built between the mid-1960s and late 2000s and include amenities such as clubhouses, fitness centers, dog parks, business centers, hot tubs, barbecue areas, saunas, playgrounds, and basketball, tennis, racquetball and volleyball courts. The 10-year, floating-rate loans include a five-year interest-only period with a 30-year amortization schedule. All loans closed on Jan. 26. “The closing of the portfolio was a huge success and was driven by the very focused and coordinated efforts of Starwood, Freddie Mac and Berkeley Point,” says Charlie Haggard, managing director of Berkeley Point Capital’s Irvine, Calif. office. “The relationships and familiarity between the various parties allowed for a smooth and timely closing.” Haggard and Kevin Mignogna led the financial effort for Berkeley Point Capital. Berkeley Point Capital is a multifamily capital provider with a portfolio of over $50 billion including 2,800 loans in 49 states. The firm offers Fannie Mae, Freddie Mac, FHA, CMBS and life company loans. Commercial real estate financing …
BOSTON — NorthMarq Capital has arranged $4.5 million in acquisition financing for an office property located at 44-46 Plympton St. in Boston’s South End. The transaction was structured with a 10-year term and a 30-year amortization schedule. The property features 28,600 square feet of office space. Ed Riskstins of NorthMarq Capital’s Boston regional office secured the financing for the undisclosed borrower through NorthMarq’s relationship with a national bank.
BOSTON — Collier International has arranged the renewal of a 152,000-square-foot lease at 100 Meadow St. in Boston for HD Supply. The industrial facility features 30-foot clear ceiling heights, an ESFR sprinkler system and numerous loading docks. The warehouse property was recently acquired by Newton, Mass.-based National Development. Austin Smith of Colliers lead the transaction.
HADLEY, MASS. — Waterbury, Conn.-based R. Calabrese Agency has arranged the acquisition of a net ground lease for a restaurant building located on Route 9 in Hadley. NF LLC acquired the property from an undisclosed seller for $2.4 million. Situated on two acres, the 7,160-square-foot building is net-leased to Texas Roadhouse. Tony Valenti and Ralph Calabrese of R. Calabrese Agency represented the buyer in the in transaction.
DALLAS — Quadrant Investment Properties (QIP) has acquired Saint Paul Place, a 22-story, 273,217-square-foot office building located on the corner of Ross Avenue and Saint Paul Street in the Dallas Arts District. The building is 78 percent leased to tenants including D-Magazine, Crowe Horwath and Sendero Business Systems. QIP plans to implement several improvements to the office tower including lobby amenity upgrades and a new tenant conference center and lounge that features a balcony overlooking the Dallas Museum of Arts sculpture garden. The new ownership will also upgrade corridors and implement a building-wide spec suite program. Headquartered in Dallas, QIP is a commercial real estate investment company targeting value-add office and industrial opportunities in Texas and the southwest United States. Celeste Fowden, Seth Thatcher and Ben Davis of CBRE will lease the project. HFF represented the seller in the transaction, and JLL procured financing for the asset.
HOUSTON — Advenir, a provider of multifamily real estate investment and management services, has acquired Advenir at Stone Park, formerly known as Broadstone Stone Park Apartments. The property is a 480-unit, Class A apartment community located at 6160 E. Sam Houston Parkway N. in Houston. Advenir has acquired more than 1,100 apartment units in metro Houston during the last nine months. Advenir at Stone Park is a two-phased development with the first phase built in 2004 and the second completed in 2007. Amenities include two fitness centers, two business centers, two swimming pools, available detached garages and carports and controlled access gates. Advenir plans to invest $4 million to renovate and modernize all of its common area facilities, the property exteriors and unit interiors. The property is located within walking distance to The Shops at Stone Park and New Forest Crossing Shopping Center, which include 533,000 square feet of retail combined.
BAY CITY AND SWEENY, TEXAS — Berkadia has negotiated the sale of two apartment communities located in Bay City and one in Sweeny. Mike Miller, Chris Ross, Will Caruth and Cody Courtney of Berkadia’s San Antonio office negotiated the transactions. The sellers were Dallas-based private investors that plan to use the capital in other markets. A private investor in California was the buyer. Hamman Oaks, located at 2300 Hamman Road in Bay City, was built in 1974. The 84-unit property features one-, two- and three-bedroom floor plans. Community amenities include a laundry facility, basketball court and tennis court. Located one-half mile from Hamman Oaks, the 107-unit Bay Brook is located at 5001 Ave. F. The affordable housing community was built in 1979 and consists of one-, two- and three-bedroom floor plans. Units feature full kitchens, air conditioning and private patios or balconies. Amenities include laundry facilities, a swimming pool and a playground. Oak Bend Estates is located at 1000 W. Ashley Wilson Road in Sweeny. The 120-unit property was built in 1981 and was 96 percent occupied at the time of the sale. The property features one- and two-bedroom floor plans. Each unit features fully equipped kitchens, cable TV, high-speed …
PLANO, TEXAS — KBS Realty Advisors has signed a 39,334-square-foot lease with Highland Homes at Parkwood Place, a Class A, LEED-certified office property in Plano. The company renewed its 34,266-square-foot lease and expanded to an additional 5,068 square feet. Built in 2006, Parkwood Place is located in Plano’s Legacy submarket. The property spans 98,750 square feet and includes a tenant lounge and conference facility. Blake Shipley and Jeff Eckert of JLL represented KBS Realty Advisors in the transaction, while Scott Hobbs of CBRE represented Highland Homes.