MILWAUKEE — The Dickman Company Inc./CORFAC International has brokered the sale of a 20,860-square-foot industrial building in Milwaukee for an undisclosed price. Dean Road Property LLC purchased the building from 8800 West Dean Road LLC. Samuel M. Dickman Jr. and Samuel D. Dickman of The Dickman Company were the sole brokers in the transaction. The property is located at 8800 West Dean Road.
WAUKESHA, WIS. — Siegel-Gallagher has arranged a 1,600-square-foot retail lease in Waukesha, approximately 20 miles west of Milwaukee. The Richards Group Inc., a branding agency, will occupy space at Meadowbrook Marketplace, located at 601-921 Meadowbrook Road. Meadowbrook Marketplace LLC is the landlord. Devin Tessmer of Siegel-Gallagher brokered the transaction.
NEW YORK CITY — Capital One has provided a $110 million loan to refinance Eastchester Heights Apartments, a 118-building apartment complex in the Bronx. The floating-rate, interest-only loan has an initial term of 30 months, with an option to extend in six month increments for an additional 30 months. The borrower is owned by entities controlled by Taconic Investment Partners and Clarion Partners. Featuring four- and six-story apartment buildings, the apartment complex offers a total of 1,416 residential units. After acquiring the complex in 2007, Taconic renovated nearly half of the apartments, completed installation of apartment electric meters, converted boiler to natural gas and replaced stairwells in many common hallways, as well as concluded a two-year, 200,000-square-foot roof and parapet replacement project. Evan Pariser of HFF arranged the financing for the borrower.
HOUSTON — CityCentre Five is now open in Houston’s CityCentre district. The 192,357-square-foot, Class A office building features 8,216 square feet of ground-floor retail/restaurant space, as well as 690 parking spots. The pedestrian-oriented CityCentre district attracts nearly 15,000 visitors per day. Houston-based Kirksey Architecture and Munoz + Albin designed the 15-story building, which is located at 825 Town & Country Way. Linbeck served as the general contractor. Tenants already committed include Ascot Underwriting, Relevant Solutions and University Lands. Colvill Office Properties is overseeing leasing.
WACO, TEXAS — Allergan, a pharmaceutical company, has begun construction on a $200 million expansion of its Waco facility. The expansion will add 322,000 square feet of manufacturing space to the current facility, nearly doubling its current footprint. Once completed, the expansion is expected to add 100 full-time employees, with the potential for the expanded operations adding as many as 250 jobs as the facility reaches full utilization. New positions that will be added include chemists, microbiologists, process engineers and production and maintenance technicians. The expansion will add a new raw material dispensary, an automated bulk formulation suite, 10 new production lines and warehousing space. Upon completion, the Waco facility will be capable of producing more than 40 different product formulations and will increase its production capacity by more than 50 percent. The construction, commissioning and validation of the facility expansion and production processes are expected to be completed by 2020. Allergan’s Waco facility is the company’s flagship manufacturing facility for its leading eye care products, including Restasis, Lumigan, Combigan, Refresh Plus, Refresh Tears and Latisse.
ALLEN, TEXAS — Yeager Office Suites of Allen LLC has purchased a 3.3-acre tract of land in the Dallas suburb of Allen from T&C Investment Venture LP. The property is located on the west side of Watters Road directly across from the newly announced Allen Convention Center at Watters Creek. Yeager Development plans to break ground in July on the two-story, 35,070-square-foot Yeager Office Suites building. Mike Barr of Barr Cos. represented the buyer, and Jane Jan of Jan’s Realty represented the seller. The Yeager Office Suites building will feature 145 office suites, five conference rooms, casual meeting areas, a lobby and reception area and a café. Yeager will develop, construct, manage and lease the project.
HOUSTON — NAI Partners has arranged the sale of a 22,415-square-foot, freestanding industrial manufacturing facility located on 2.8 acres at 4740 Eastpark Drive in Houston. Darren O’Conor of NAI Partners represented the seller, BV Oilfield Service & Supply, in the negotiations, while Jake Wilkinson of NAI Partners represented the buyer, Power Supply Seals.
HOUSTON — Clint Duncan has joined CBRE as senior vice president to lead its multifamily investment property sales team in Houston and the Gulf Coast markets. Duncan has returned to CBRE after a brief stint at Berkadia. He started his real estate career as a sales advisor at Hendricks & Partners’ Houston office. Duncan has consistently been a top producer at both Transwestern and most recently CBRE, where he either originated or was a part of more than $1.7 billion in Class A and B multifamily sales over a two-year period.
ALPHARETTA, GA. — North American Properties (NAP), developer of the 86-acre, $600 million Avalon development in Alpharetta, has announced nine retailers coming to Phase II of Avalon, which is set to open in spring 2017. The new merchants include Hop City and The Spotted Trotter, which will work together to form a beer garden; Rumi’s Kitchen; Brine Fish House; The Boardroom Salon for Men; Lucky Brand; Brooks Brothers; Levi’s; and Urban Outfitters. In addition to the retailers, Phase II will include 550,000 square feet of office space, 276 multifamily units, a 330-key hotel and a 74,000-square-foot conference center. Five new retailers are set to open in Phase I of Avalon within the next six months: Tesla, AYA Med Spa, Farm to Ladle, Parisian Nail Salon and Café Intermezzo. Phase I of Avalon is fully leased and Phase II is 80 percent preleased, according to NAP.
FORT MILL, S.C. — Cushman & Wakefield has arranged the $67.1 million sale of The Lash Group headquarters, a 247,834-square-foot, Class A office building located in Fort Mill, roughly 19 miles south of Charlotte. The office building is fully leased to The Lash Group, a subsidiary of AmerisourceBergen Corp. The buyer, 90 North Real Estate Partners LLP, purchased the building from a joint venture between Childress Klein and The Springs Co. Cushman & Wakefield’s Charlotte capital markets team represented the seller in the transaction.