NEW YORK CITY — Boddewyn Gaynor Architects has designed a 60,000-square-foot facility for Amida Care Inc. in midtown Manhattan. Located at 14 Penn Plaza, the facility, which includes a data center, features a reception area, interview rooms, a 30-person boardroom, an executive office suite, offices, workstations, lunchroom, and copy and mail facilities, as well as meeting rooms with movable walls. Vanguard Construction & Development served as general contractor for the newly completed project.
FAIRFIELD, CONN. — Colliers has brokered the sale of a hotel/retail property located at 417 Post Road in Fairfield for an undisclosed price. The property consists of an 80-room hotel, The Fairfield Inn, and a 6,800-square-foot retail space, which is triple-net leased to The Circle Diner. The new owner, a group of local investors, plans to reposition the property. Louis Zuckerman, Michael Siegel and Enzennio Mallozzi of Colliers represented the seller, Fairfield Motor Inn Associates LLC, and procured the buyer in the deal.
CHICAGO — I.M. Construction Group will complete a 10,000-square-foot office renovation on behalf of the Belgravia Group Ltd. at 1101 W. Monroe in Chicago. IMCG was selected to complete the demolition and build-out of two complete floors at the property for Belgravia’s new offices. Belgravia Group develops residential, mixed-use and retail properties. The firm owns and manages 1101 W. Monroe and is relocating its offices from River North to this new location. Construction includes the addition of private offices, conference rooms, break rooms and open work areas. The new space will feature traditional loft styling including high ceilings with exposed timber and brick walls. Belgravia is expected to take occupancy of the new space in spring 2015. Bob Nomellini, president of IMCG, is the project executive leading the construction team. Len Corso is serving as the project superintendent. Hirsch Associates is providing architectural services for the project.
TYLER, TEXAS — Capital One Bank has provided a $15.5 million loan to finance the acquisition of Meadow Lake, a continuing care retirement community in Tyler. The borrower, a partnership between Evergreen Senior Living Properties LLC, its management affiliates ESLP Management LLC, and RSF Partners, acquired the property through a bankruptcy auction. Located on 95 acres, Meadow Lake opened in 2011 and includes 117 independent living units, 20 assisted living units, 34 memory care units and 30 skilled nursing beds. The facility also includes 20 fully improved lots for the addition of independent living cottages as well as undeveloped land that could accommodate an additional 88 cottages.
HOUSTON — Houston-based Baker Katz has acquired the 30,000-square-foot former Baytown Seafood restaurant in Houston. The property is located at the intersection of I-10 East and Haden Road. Baker Katz plans to demolish the current building and construct an 8,000-square-foot property, which will be available for lease to restaurant and retail tenants.
FRESNO, TEXAS — Hunington Properties has arranged the sale of the Teal Run Plaza, a 14,920-square-foot shopping center. The property is situated on nearly two acres located at 12125 Highway 6 South in Fresno. Rafael Melara with Hunington Properties represented the unnamed seller. Stanley Madumere with Champions Real Estate represented the buyer.
PLANO, TEXAS — NAI Robert Lynn represented Altair Global in a 13,960-square-foot expansion deal for its corporate headquarters. Altair Global is a global assignment and relocation management company offering mobility solutions. Located at 7800 N. Dallas Pkwy. in Plano, the Class A office building allows Altair Global to expand its headquarters’ presence in the area. The office building is in close proximity to the company’s original headquarters building located at 7500 N. Dallas Pkwy. The new office provides access to the Dallas North Tollway and also is a short drive to The Shops at Legacy. Dan Jardine III and Tom Lynn of NAI Robert Lynn represented Altair Global in the transaction.
BOWIE, MD. — CBRE has brokered the sale of Meridian at Bowie, a 384-unit multifamily community in Bowie, a Maryland suburb of Washington, D.C. Friedkin Realty Group purchased the apartment community from an undisclosed seller for $71.8 million. Bill Roohan, Mike Muldowney, Andy Boyer, Brian Margerum, Michael Rudolph, Jonathan Greenberg and Martha Hastings of CBRE’s multifamily investment properties team in Washington, D.C., represented the seller in the transaction.
ST. PETERSBURG, FLA. — Passco Cos. LLC has purchased the 308-unit Azure Luxury Apartments, a Class A apartment community located at 540 Trinity Lane in St. Petersburg, a city within the Tampa Bay area. The newly constructed apartment community was 94 percent occupied at the time of sale. The property comprises one-, two- and three-bedroom units with stainless steel appliances, granite countertops and kitchen islands, plank wood flooring, washers and dryers, nine-foot ceilings and private patios and balconies. Azure’s amenity package includes a resort-style pool, fitness center, garages, sports lounge, dog park, outdoor fire pits, car washing stations and electric car charging stations. The seller was undisclosed.
NEW ORLEANS — The city of New Orleans will sell 1,786 adjudicated properties across the city through a new online auction process. The sale will provide winning bidders with full ownership of each property and with guaranteed title insurance. A property is adjudicated to the city when its property taxes have not been paid — becoming delinquent — and the city is unable to sell the property at a tax sale. The city will only auction properties where five years have elapsed from the date of an attempted tax sale. The first online auctions are expected to take place this summer.
