ALPHARETTA, GA. — Lavista Associates Inc. has arranged the sale of Shiloh Crossing, a two-building, 71,640-square-foot industrial facility in Alpharetta, a northern suburb of Atlanta. The property, located in The Meadows, a Class A business park, was fully leased at the time of the sale. Will Grogan and Charlie Fiveash of Lavista represented the owner and developer, Childress Klein Properties, in the transaction. The buyer was Passive Income Fund, a private REIT based in Australia.
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MIDDLETOWN, PA. — Woodmont Industrial Partners (WIP) has completed site demolition and started construction for 200 Capital Lane, a 400,000-square-foot warehouse building. The new facility is part of Capital Logistics Center, a six-building, 1.6 million-square-foot industrial complex situated on 100 acres in Middletown. WIP demolished two 1950s-era buildings within the park and plans to construct two LEED-certified, Class A warehouse facilities totaling approximately 530,000 square feet. 200 Capital Lane is slated for completion this December, with 300 Capital Lane following shortly after. As the largest building within the park, 200 Capital Lane will feature T-5 lighting, an ESFR sprinkler system, 87 dock doors, two drive-in doors and 36-foot clear heights. A joint venture between WIP and AEW Capital Management acquired the property in June 2013. AEW acquired the property on behalf of AEW Partners VI. Michael Hess, Patrick Lafferty and Bart Anderson of CBRE are marketing and leasing the property.
NEW YORK CITY — New York-based Ismael Leyva Architects has provided architectural and interior design services for 66 Rockwell, a high-rise residential tower located at 29 Flatbush Ave. in Brooklyn. Developed by the Dermont Co., the 42-story tower will feature 337,00 square feet and 326 residential units. The building will feature a Sky Lounge on the 42nd floor with a bar, fireplace and outdoor cabanas, a fitness center offering Bikram Yoga, library, country kitchen, sports bar and game and golf simulator rooms, as well as a terrace with a projector for large-screen movie viewing. The property also offers storage space, a bike room and a 135-car parking garage. The residential tower is slated for completion this fall.
LIVINGSTON, N.J. — The Fresh Market plans to open a new location at The Village at Livingston, a 93,000-square-foot shopping center in Livingston. The upscale specialty grocer has signed a long-term lease for 23,000 square feet of retail space from Eastman Cos. for the new store, which is slated to open this fall. David Perlmutter of Perlmutter Properties represented the landlord, while Larry Anderson of Anderson Commercial Real Estate Services represented the tenant in the transaction.
PITTSBURGH — NorthMarq Capital has arranged a $1.8 million construction to permanent loan for Rivertech Office Works in Pittsburgh. Located at 3700 S. Water St., the building offers 12,000 square feet of office space. Scott DeVinney of NorthMarq Capital’s Rochester, N.Y., regional office arranged the 10-year loan, which features a 20-year amortization schedule, through NorthMarq’s relationship with a regional bank.
NORWOOD, N.J. — Dimensional Communications Inc., a full-service experiential marketing company, has signed a lease for 21,000 square feet at Alfred Sanzari Enterprises’ industrial complex in Norwood. The Mahwah, N.J.-based company will use its space at 335 Chestnut St. as a warehouse facility. The six-building industrial portfolio is located at 335, 375 and 385 Chestnut St. and 10 and 50 Maple St. in Norwood. NAI James E. Hanson negotiated the transaction on behalf of the owner, Alfred Sanzari Enterprises.
NILES, ILL. — Cohen Financial has secured a $5.8 million loan to refinance a 227,000-square-foot industrial facility in Niles. The property consists of nine units and is fully leased. The property, built in 1968, includes 19-foot clear ceiling heights and sits on nine-acres of land. Don Trossman of Cohen Financial’s Chicago office arranged the 10-year loan which features a 63 percent loan-to-value provided by a CMBS lender and a 20-year amortization schedule. The borrower is JEA Howard–Caldwell LLC, a wholly owned subsidiary of a major Chicago-based industrial property owner.
KANSAS CITY — NorthMarq Capital has secured $4.5 million in acquisition/rehab financing for University Villa Apartments, a 108-unit multifamily property in Kansas City. The property is located at 3044 Francis St. Brent Blake of NorthMarq Capital’s Kansas City-based regional office structured financing on a “callable” 25-year term with a 25-year amortization schedule. In other words, the lender has the right to call the loan, or demand repayment of the loan, anytime after the call date. In this case, the call could occur anytime after the third anniversary of the loan. NorthMarq arranged financing for the borrower through its correspondent relationship with a life company.
ROSEMONT, ILL. — Transwestern has arranged the office lease renewal/expansion for Wynnchurch Capital, a leading private equity firm. Wynnchurch renewed its existing 8,060-square-foot lease and expanded into an additional 5,530 square feet. The company’s 13,590-square-foot headquarters is at One O’Hare Centre, located at 6250 N. River Road. The property is LEED Gold-certified. Tony Karmin of Transwestern’s tenant advisory group represented Wynnchurch in the 11-year lease. Francis Prock and Jonathon Connor of Colliers International represented the building owner, CBRE Global Investors.
MONROE, MICH. — Reichle Klein Group has brokered the $1.3 million sale of an 18,568-square-foot property in Monroe to an undisclosed buyer. The former Lincoln Mercury auto dealership is situated on a nearly five-acre site located at 15354 S. Dixie Highway. Duke Wheeler and Kurt Pollex of Reichle Klein Group represented the seller, Sarah Property LLC of Redford, Mich.