WEST BRIDGEWATER, MASS. — Fantini & Gorga has arranged $5.5 million in financing for the development of The Turn at River Bend, a multifamily community in West Bridgewater. Located on SR 106 between South Main and East streets, the development will consist of four three-story buildings, each offering 12 one- and two-bedroom apartments, with one quarter of the units designated for affordable housing. Casimir Groblewski of Fantini & Gorga arranged the financing with a Massachusetts-based cooperative bank for the borrower, 322 East Center Street LLC, an affiliate of The Battaglino Family LP.
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AUSTIN, TEXAS — Adolfson & Peterson Construction has topped out the $90 million Forest Park Medical Center in Austin. Adolfson & Peterson is serving as the general contractor for the hospital, which is being developed by Neal Richards Group. The project is being built on an 8.5-acre site inside of a 59-acre master campus located near state highway 45 and La Frontera Boulevard in Williamson County. The 145,000-square-foot, four-story hospital will feature 46 private inpatient rooms, including 12 family suites, six intensive care rooms and 10 fully integrated operating suites. Also part of the development is an 80,000-square-foot medical office building and an 181,000-square-foot garage.
HOUSTON — Q10|Kinghorn, Driver, Hough & Co. has secured $3 million in permanent financing with a 20-year term for a group of 20 commercial condominium buildings made up of one- and two-story structures. The 93,000-square-foot complex, which is located just off of Highway 290 in northwest Houston, is 100 percent leased. Rudolph Ernst Krueger owns WWT International Inc. and was the borrower.
HOUSTON — TTS Marine Inc. has leased 14,560 square feet of industrial space at the Vickery Industrial Plaza, located at 14730 Vickery in Houston. Travis Land of NAI Houston represented the landlord, United Equities. Bruce Fehn of DTZ represented TTS Marine.
FREMONT, CALIF. — Quanta Computer has leased a 125,501-square-foot warehouse and distribution facility in Fremont. The Class A facility is located at 45101-45125 Industrial Drive. It is the former Autodesk & McCollister’s Moving & Storage facility. Quanta, one of the world’s largest notebook computer original design manufacturing companies, maintains more than 1 million square feet of industrial and R&D space throughout Fremont. The landlord, PS Business Parks, was represented by Ed Hofer and Greig Lagomarsino of Colliers.
SAN FRANCISCO — The owners of the DRAKE Gastro Lounge have acquired its current building in San Francisco for $4.3 million. The two-story restaurant, bar, and lounge property is located at 508 Fourth Street in the South of Market area (SOMA). The owners were able to purchase the 9,900-square-foot building through a 20-year, fixed-rate, SBA 504 loan. Financing was provided by Bruce Whitaker of TMC Financing. The third-party lender was Stanford Federal Credit Union.
PHOENIX — Vehicle Accessory Center has leased 15,717 square feet at Lincoln Commerce Park II in Phoenix. The business park is located at 2125 South 11th Ave. Vehicle Accessory Center is an exclusive distributor of General Motors auto parts and accessories. This is its first Arizona location. It will serve as a distribution center for the Phoenix metro region. The company was represented by Louis Finocchiaro of Cassidy Turley’s Industrial Services Group. The landlord, CREF LPC LLC, was represented by Jeff Conrad and Alan Lowe of Lee & Associates.
LOS ALTOS, CALIF. – A 4,320-square-foot office property in the Silicon Valley city of Los Altos has sold to an individual/personal trust for $2.1 million. The property is located at 166 Main Street in the downtown region. The buyer was represented by Bill Allen of Marcus & Millichap’s Palo Alto office. The seller was not named.
ATLANTA — IDI Gazeley plans to begin developing more than 1 million of square feet of speculative industrial space in metro Atlanta. The properties include Hamilton Mill Business Center Building C in Gwinnett County and Jefferson Distribution Center Building B in Jefferson County. IDI Gazeley plans to deliver the 196,000-square-foot Hamilton Mill property in the first quarter of 2015. The Hamilton Mill Business Center is 97 percent leased to tenants such as Office Depot, FedEx Freight, Daimler Trucks North America and Lund International. The 840,000-square-foot Jefferson Distribution Center facility is slated for a second quarter 2015 delivery. IDI Gazeley is part of Brookfield Logistics Properties following Brookfield’s acquisition of Atlanta-based IDI in 2013.
ORLANDO, FLA. — HFF has brokered the sale of the Holiday Inn Resort Lake Buena Vista, a 503-room hotel located at 13351 S. Apopka Vineland Road in Orlando. The transaction is the largest hotel sale brokered in Orlando this year, according to Real Capital Analytics. The hotel is a Walt Disney Good Neighbor Hotel, with 7,000 square feet of meeting space, a resort-style outdoor swimming pool, a new Applebee’s Neighborhood Grill & Bar, a fitness center, basketball court, children’s club, gift shop and business center. ROCH Capital purchased the asset from Vista Hospitality Co. free and clear of debt. Michael Weinberg and Max Comess of HFF represented Vista in the transaction. The hotel is part of a three-property portfolio that HFF is marketing on behalf of Vista; the other properties include Crowne Plaza Orlando Downtown and the Holiday Inn Express & Suites Fort Lauderdale. Portfolio Hotels will manage the asset on behalf of ROCH Capital.