ATLANTA — Chick-fil-A has signed a long-term lease to fully occupy a 111,252-square-foot industrial facility at Airport West Distribution Center near Atlanta’s Hartsfield Jackson International Airport. Lincoln Property Co. Southeast is developing the asset and expects to deliver it in January. Denton Shamburger of Lincoln Property represented the landlord, Morgan Stanley, in the lease and was the only broker involved in the transaction. Upon completion, Chick-fil-A will occupy nearly 85 percent of Airport West Distribution Center, which currently features 287,703 square feet, of which Chick-fil-A occupies 221,449 square feet.
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AUGUSTA, GA. — Bernard Financial Group has arranged a $7.5 million loan to refinance a freestanding, 192,394-square-foot Walmart Supercenter in Augusta. Neil Gorosh of Bernard Financial originated the loan through Ameritas Life Insurance Corp. on behalf of the borrower, BC Investments-Augusta LLC.
BALTIMORE — MCR Development LLC has completed a full renovation of the lobby and guestrooms of the 126-room Hampton Inn Baltimore Downtown Convention Center. The lobby offers views of Oriole Park at Camden Yards and features baseball glove seats, baseball-themed floor tiles and baseball bat lighting. The hotel is located adjacent to the Baltimore Convention Center and within walking distance of the University of Maryland Medical Center, M&T Bank Stadium and the new Downtown Harrahs Horseshoe Casino opening this fall.
NEW YORK CITY — DiamondRock Hospitality Co. has acquired the 282-room Hilton Garden Inn/Times Square Central in New York for $127.2 million, or $451,000 per guestroom. The hotel, located on 42nd Street between Avenue of the Americas and Broadway in the heart of Times Square, opened this month. The hotel features floor-to-ceiling glass windows and each guestroom features a 50-inch LCD HDTV, refrigerator, microwave and other amenities. The hotel also includes a 24-hour self-service business center and fitness facility. DiamondRock Hospitality Co. expects the hotel to generate approximately $5 million of adjusted earnings before interest, taxes, depreciation and amortization in 2014. Highgate Hotels will operate the hotel.
STAMFORD, CONN. — Clal Insurance has acquired Glenview House, for $69.1 million. The 146-unit multifamily property is located at 25 Glenbrook Road in Stamford. Glenview House includes one- to three-bedroom rental apartments. The property includes a retail space leased by Walgreens. The four-story residential building includes a 24-hour fitness center, concierge and business center. Waterton Associates LLC will oversee the management and leasing activities at the property. Glenview House is currently more than 95 percent leased. Glenview House represents Clal’s second acquisition in Stamford in just one month. In August, Clal closed on a 49 percent stake in 75 Tresser, a 344-unit mid-rise apartment rental community.
KILLINGLY, CONN. — Cassidy Turley has arranged a 147,878-square-foot industrial lease in Killingly. C&M Technologies, a manufacturer of wire and cable cords, has leased space located at 349 Lake Road. The company is relocating to this site from 51 S. Walnut St. in Wauregan, Conn. The property includes 12 loading docks and two drive-in doors, as well as 40 acres of excess land available for additional build-to-suit space. The property also features 15,600-square-feet of air-conditioned office space. Kevin Hanna and Sean Teague of Cassidy Turley represented C&M Technologies in the transaction. Keith Kumnick of Colliers International represented the landlord, the Grossman Cos.
BRONX, N.Y. — Simone Development Cos.has arranged 38,700 square feet of new leases at its Metro Center Atrium, which is nearing completion in the Bronx. The 370,000-square-foot office/retail/hotel complex is located at the 42-acre Hutchinson Metro Center campus. MetroPlus Health Plan, the insurance plan of the New York City Health and Hospitals Corp., is leasing 17,000 square feet of office space for its new Crisis Center at the Metro Center Atrium. In addition, IAC Acoustics, a leading supplier of sound control products, has leased 10,000 square feet of space for its executive offices, and Community Resource Center has leased 4,300 square feet of executive office space at the Metro Center Atrium. Applebee’s has also leased 7,400 square feet on the ground floor of the complex.
CHICAGO — Essex Realty Group Inc. has arranged the $2.6 million sale of 3301 N. Clark St. in Chicago. The seven-unit, mixed-use property is located in the heart of Chicago’s Lakeview neighborhood. Doug Imber and Kate Varde of Essex Realty Group represented the undisclosed seller. Jim Darrow and Jordan Gottlieb represented the undisclosed buyer.
MILWAUKEE — The Dickman Company Inc./CORFAC International has brokered the sale of a 70,000-square-foot industrial building in Milwaukee for an undisclosed price. The property is located at 6000-6066 N. 76th St. Samuel M. Dickman Jr. and Samuel D. Dickman of the Dickman Company Inc. represented the buyer, 76th Street Industrial LLC. Travis Tiede and Adam Matson of NAI MLG Commercial represented the seller, STI Florist LLC.
NOVI, MICH. — L. Mason Capitani CORFAC International has arranged the lease of a 3,813-square-foot industrial building in Novi. Sumika Polymers North America, a subsidiary of the Sumitomo Chemical Group, has signed a five-year lease for the property located at 45525 Grand River Ave. Sumika Polymers North America is a chemical corporation servicing the automotive industry. The company is consolidating two of its divisions into one regional headquarter location. Gary Grochowski of L. Mason Capitani represented the tenant in the transaction.