WASHINGTON, D.C. — Fried, Frank, Harris, Shriver & Jacobson LLP represented an affiliate of Carr Properties as landlord in a 700,000-square-foot lease of a building to be constructed for Fannie Mae’s new headquarters at 15th and L streets in Washington D.C. The new build-to-suit property will replace The Washington Post’s current headquarters. The lease is the largest ever non-government lease in Washington, D.C. The Fried Frank team was led by real estate partner Franz Rassman and included real estate associates Valerie Kelly, Neil Hood and Matthew Greeson.
BOONE, N.C. — NorthState Capital Partners has led an investment group in the acquisition of a three-property student housing portfolio near Appalachian State University in Boone. The properties include the 204-bed Highland Crossing, the 84-bed Greenway Commons and the 48-bed Greenway Cove. Combined, the apartment properties are 96 percent occupied. The AppalCart, the primary local public transportation system, has bus stops directly in front of the properties.
MIAMI BEACH, FLA. — Marcus & Millichap has brokered the $14.9 million sale of Lincoln Palms, a portfolio of five multifamily parcels totaling 66 units located off Lincoln Road in Miami Beach. The community comprises 35 studios, 28 one-bedroom apartments, two two-bedroom apartments and one four-bedroom townhouse. Apartment units feature ceramic tile and solid oak wood flooring, wall air-conditioning units and walk-in closets. Some units feature private patios or balconies. All five buildings have a connected courtyard with sitting areas and bicycle racks for residents. Arthur Porosoff of Marcus & Millichap’s Miami office represented the seller, a private investor from New York. Joseph Thomas and Frank Fausone of the firm’s Fort Lauderdale office secured the buyer, a private investor from Miami.
MACCLENNY, FLA. — Integra Real Estate Capital, a commercial mortgage brokerage and advisory firm based in New York City, has secured a $4 million loan for the refinance of Cornerstone Square Shopping Center, a 111,681-square-foot property located in Macclenny. The center is anchored by Tractor Supply, Peebles, Dollar Tree, CATO and Hibbett Sporting Goods. Russell Kimyagarov of Integra arranged the non-recourse, 10-year loan on behalf of the borrower, a California-based ownership group.
SAVANNAH, GA. — CenterPoint Properties has completed a 3.1-acre container yard for KW International, an international third-party logistics provider, at CenterPoint Intermodal Center–Savannah. John Neely and Danny Chase of Colliers International represented CenterPoint and KW International, respectively, in the lease transaction. KW International’s new facility is located four miles from the Georgia Ports Authority, adjacent to Highway 307 and within minutes of I-95 and I-16. Facility features include a 900-square-foot office, 105 trailer parking stalls and 12 car-parking stalls. KW International began operations at the build-to-suit property on Jan. 1.
AUSTIN, TEXAS — CBRE Capital Markets’ investment properties has arranged the sale of a 9,522-square-foot office building at 3108 N. Lamar Blvd. in Austin. A local investment firm purchased the asset from an Austin-based partnership for an undisclosed price. The property is 85 percent occupied and is located near Seton Medical Center and The Heart Hospital of Austin. The main tenant, gift card e-commerce provider QuickGifts Inc., occupies 4,347 square feet. In 2012, the building received several renovations, including new paint on the exterior and common areas, new common area flooring and new interior signage. Walter Saad, Cathy Nabours and Logan Reichle of CBRE represented the seller in the transaction. Andrew Perkel of Retail Solutions represented the buyer.
HOUSTON — Cushman & Wakefield has arranged the sale of a 58,000-square-foot industrial property at 4909 Fulton St. in Houston. Will Condrey, David Cook, Jeff Peden and Scott Miller of Cushman & Wakefield’s Houston office represented the seller, F&J Real Estate Investments Ltd., in the transaction. Russell Hernandez of Hernandez Properties represented the buyer, 4909 Fulton Ltd. The property is located near Houston’s newly built Northline Transit Center.
HOUSTON — Hartman Short Term Income Properties XX Inc. affiliate Hartman Highway 6 LLC has purchased the Timbercreek Atrium and Copperfield office buildings. The two Class B office buildings total 93,656 square feet and are located in the northwest Houston submarket, along Highway 6 between I-10 and FM 529. Timbercreek Atrium is a three-story, 51,035-square-foot building located at the intersection of Highway 6 North and Timbercreek Place. The property was 79 percent leased at the time of sale. Tenants include The Loken Group, H2O and the Harris County Hospital District. Copperfield Building is a three-story, 42,621-square-foot office building located on Spencer Road. At the time of sale, the property was 80 percent leased to J.P. Morgan Chase Bank, Deep Sea Development and Harvey Home Health. Joshua Lass-Sughrue, Douglas Pack and Sam Hansen of NAI Partners, along with Jordan Summerville of C-III Realty Services, represented the seller in the transaction. Dave Wheeler, Julian Kwok and Russell Turman of Hartman Income REIT represented Hartman Highway 6 LLC.
DALLAS — Colliers International represented the law firm of Weil, Gotshal & Manges in the sublease of its 21,713-square-foot office space at 300 Crescent Court in Dallas. Schiff Hardin LLP, a law firm headquartered in Chicago, is the new tenant and will use this space as its new Dallas location. Schiff Hardin is currently in a temporary office at 100 Crescent Court while the company’s space is being renovated. The former Weil space was a secondary floor, which means that a reception area, break room and conference rooms will need to be constructed for Schiff Hardin’s new office. Schiff Hardin will occupy the entire fourth floor once the renovations are complete. Hunter Blanks, Travis Ewert and Scott Hage of Colliers International’s Dallas office represented Weil, Gotshal & Manges in the transaction. Bob Chodos and Steve Levitas of Colliers International Chicago represented Schiff Hardin LLP.
SOMERSET, N.J. — Bussel Realty Corp. has brokered the sale of a distribution facility in Somerset. SV Investments sold the 99,000-square-foot property to 62 Veronica LLC for an undisclosed price. The seller leased back a portion of the building for its rug business. Robert Sager, David Blitt and Jordan Metz of Bussel Realty Corp. represented the seller, while Gramercy Real Estate Services represented the buyer in the transaction.