RENO, NEV. — Legacy Sports International has leased 50,000 square feet of distribution space at the Reno Aircenter. The center is located at 4674 Aircenter Circle in Reno. Legacy Sports is a civilian firearms and accessories distributor. Steve Kucera, J. Michael Hoeck, Dave Simonsen and Michael Nevis of NAI Alliance Industrial Properties represented the landlord.
STAMFORD, CONN. — ClearRock Properties, Gottesman Real Estate Partners and Mountain Development Corp. have acquired a three-building commercial portfolio, located at 700, 850 and 860 Canal St. in Stamford, for an undisclosed price. Guggenheim Partners provided an 11-year, fixed-rate loan for the acquisition. Current tenants of the 250,000-square-foot portfolio include United States Beverage, Sustainable America, Red Thread, Unger Publishing, Monjasa, Arccos Golf, KFL Capital Partners, Hildene Capital Management, Harbor Square Capital Management and Peninsula Petroleum. The name of the seller was not released.
UNION TOWNSHIP, PA. — Dermody Properties and PCCP have broken ground on LogistiCenter 78-81 in Union Township. Situated on 43 acres at the intersection of I-78 and I-81, the facility will feature 405,000 square feet of industrial space. The property will be a front-load distribution building with a separate lot providing excess to parking capacity. Additionally, the facility will feature 36-foot clear heights, 81 dock doors, 60-foot loading bays and parking for 220 cars and one extra trailer parking space per dock door. Completion is slated for spring 2016. R. S. Mowery & Sons Inc. is serving as the general contractor for the project.
NEW YORK CITY — Devli Group has topped out the construction of a 44,000-square-foot boutique hotel located at 44 W. 29th St. in New York City’s Madison Square Park area. Designed by Gene Kaufman Architect, the 18-story hotel will feature 109 rooms. The property will include a sunken garden, a multi-level restaurant and lounge, a 740-square-foot rooftop salon and a total of 2,700 square feet of bar and lounge space. Studio Mai is designing the hotel’s interior spaces.
NEW YORK CITY — Cushman & Wakefield has arranged the sale of a property located at 206-212 Wadsworth Ave. in Manhattan’s Washington Heights. Caerus Group acquired the property for $8 million in an all-cash transaction. The buyer plans to construct a new development on the site, which offers 97,422 square feet of buildable space. The previous owners, Wadsworth Avenue Baptist Church Inc., will occupy a condominium at the new development, which will replace the existing structure. Robert Shapiro of Cushman & Wakefield handled the transaction.
MOUNT LAUREL, N.J. — Brandywine Realty Trust plans to develop a 10,000-square-foot retail center at 7000 Midlantic Drive in Mount Laurel. Pre-leased tenants include Anthony’s Coal Fired Pizza, Jimmy John’s Gourmet Sandwiches and Qdoba Mexican Grill. The developer is expected to break ground on the project this month with construction ending in May 2016. The retail property is being paired with an adjacent Springhill Suites Marriott, also developed by Brandywine. MSC Retail is providing site selection representation for the property, as well as pre-development consulting and leasing services.
HOUSTON — Q10 KDH Vice President Matt Franke has arranged $44 million in financing for Centre at Bunker Hill in Houston. The multi-anchor, Class A retail property is 100 percent occupied and includes 430,820 rentable square feet.
HOUSTON — McCarthy Building Cos. has begun work on the Houston Methodist Alkek Level 9 Universal Care renovation in the Texas Medical Center. The project is led by McCarthy’s Houston-based specialized solutions group, which concentrates on the Texas Medical Center and surrounding institutions focused on healthcare, laboratory and higher education projects. The demolition and renovation project will convert level nine of the Houston Methodist Alkek building into a 17,000-square-foot universal care unit/ICU with 19 inpatient beds. The project also includes the demolition and replacement of equipment on level 10 and the roof of the building. Preston Hodges and McCarthy project superintendent Michael Kacal lead the Houston SSG.
DALLAS — Real estate developer Harwood International has signed a new lease agreement in the district of Harwood with the law firm McDermott Will & Emery LLP. Harwood International signed a 25,267-square-foot lease at Saint Ann Court. Jihane Boury of Harwood International negotiated the lease with Jim Graham of Colliers International. McDermott Will & Emery moved from their Turtle Creek offices to Harwood Sept. 1. With more than 1,000 lawyers, the firm has offices in Boston, Brussels, Chicago, Dallas, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Rome, Seoul, Silicon Valley and Washington, D.C. Designed by Los Angeles Architect Shimoda Design Group, the 26-story, Class A office tower offers amenities including Saint Ann Restaurant & Bar, The Samurai Collection and Mercat Bistro.
LUMBERTON, TEXAS — NAI Wheeler has arranged the sale of the former Woodworkers Paradise facility located in Lumberton. The property spans 6,900 square feet and sits on over 4.5 acres with frontage on Highway 69 and Village Creek Parkway. Direct Integrity Services will occupy the facility. Direct Integrity performs pipeline testing services. Lee Wheeler and Erica Goss of NAI Wheeler represented the seller in the transaction.