ORLANDO, FLA. — Cuhaci & Peterson Architects Engineers Planners has completed design work on the retail component of The Grove at Isleworth in Orlando. The mixed-use development, developed by Tavistock Group, is located on Apopka Vineland Road near Conroy-Windermere Road and features roughly 125,000 square feet of retail and restaurant space. The Grove’s tenant roster includes Fifth Third Bank, LA Fitness, Panera Bread and Walgreens.
Property Type
MELBOURNE, FLA. — CBRE has brokered the $16.7 million sale of Lakeside at Greensboro, a 232-unit apartment community in Melbourne, a suburb of Orlando. The multifamily community’s units average 1,052 square feet and the property’s amenity package includes a swimming pool, heated spa, fitness center and tennis courts. The property was built in 1987 and was 94 percent occupied at the time of the sale. Shelton Granade, Luke Wickham and Justin Basquill of CBRE’s Orlando office represented the seller in the transaction.
HILLIARD, OHIO — Prudential Mortgage Capital Co. provided a $26 million Freddie Mac loan to Edwards Companies to refinance Arlington Park Apartments, a 284-unit apartment community in Hilliard, Ohio, a suburb of Columbus. Completed in 2010, Arlington Park’s Class A units include granite countertops, brushed nickel hardware and lake views in certain apartments. Amenities include a resort-style pool, game room, movie theater, business center, valet dry cleaning and 24-hour emergency maintenance. Prudential Mortgage Capital Co. is the commercial mortgage lending business of Prudential Financial Inc. Chuck Meyer of Prudential Mortgage Capital Co. led the transaction.
HINSDALE, ILL. — Mid-America Real Estate has brokered the $10 million sale of a 39,710-square-foot shopping center in Hinsdale, located 20 miles west of Chicago. Buffalo Grove, Ill.-based C P Management LLC purchased Gateway Square from Inland Real Estate Corp. The property, located south of the southeast corner of Ogden Avenue and York Road, features tenants Calico Corners, Kumon, Fox’s on York and Egg Harbor Café. Rick Drogosz and Joe Girardi of Mid-America represented Inland in the transaction.
CLAYTON, MO. — The newly renovated Clayton Police Headquarters and Municipal Building in Clayton, a suburb of St. Louis, has earned Platinum LEED Certification from the U.S. Green Building Council. The six-story Colonial Williamsburg-style structure, built in 1959, becomes the first LEED-Platinum Certified law enforcement facility in Missouri. The property is located at 10 S. Brentwood Blvd. Pinnacle Contracting Inc. served as general works contractor on the project, which introduced 21st century technology and energy-wise features to approximately 83,000 square feet. Pinnacle helped achieve LEED Platinum status by developing construction waste management and indoor air quality plans followed by its sub-contractors. Other LEED features at the building include on-site energy generation (via the largest single-site solar array in Missouri); the installation of high-efficiency HVAC, lighting and water systems; and a facility-wide commitment to optimal indoor air quality plus thermal and lighting controls for all building users. The facility hosts a state-of-the-art police headquarters; forensic laboratories; a municipal court and offices; a back-up data center for the City of Clayton; and parking spaces for more than 150 vehicles in an adjacent structure. St. Louis-based The Lawrence Group served as architect for the project. Pinnacle's work at the facility exceeded $5 million.
GRAND RAPIDS, MICH. — NAI Wisinski of West Michigan has arranged the lease of an 885,781-square-foot manufacturing and distribution facility in Grand Rapids, a suburb of Detroit. The property, located at 5565 Broadmoor Ave. SE, covers about 20 acres on a 127-acre site. Stan Wisinski of NAI Wisinski of West Michigan represented the undisclosed tenant, who is set to move into the facility in August. The tenant plans to reconfigure the plant for production. Franklin Partners and Bixby Bridge Capital purchased the manufacturing facility from Steelcase Inc. Duke Suwyn of Colliers International represented Franklin Partners in the transaction.
STATE COLLEGE, PA. — Bloomfield, N.J.-based Juniper Communities has acquired Brookline Village in State College for $35.5 million. The five-building, 274-unit property offers a mix of residential units: 116 skilled nursing/rehabilitation, 38 memory care, 87 personal care and 33 independent living. The buyer plans to rename the property Juniper Village at Brookville. Juniper Communities is one of the largest seniors housing providers with a concentration of operations in Pennsylvania, New Jersey, Florida and Colorado. This acquisition will increase Juniper’s size and resident capacity by 25 percent.
NEW YORK CITY — Ariel Property Advisors has brokered a two-building mixed-use portfolio sale for $15.4 million. Located at 220 West 116th St. and 449 West 125th St. in Harlem, the properties offer a total of 59 units. The five-story, 46,080-square-foot building at 220 West 116th St. features five retail units and 35 rent-stabilized apartments, including 33 three-bedroom units and two studios. The six-story, 16,382-square-foot property at 449 West 125th St. features two retail units and 17 rent-stabilized apartments: one three-bedroom unit, seven two-bedroom units and six one-bedroom units. Shimon Shkury, Victor Sozio, Michael Tortorici and Jesse Deutch of Ariel Property Advisors represented the seller, Teaneck, N.J.-based Treetop Development LLC, and procured the buyer, a New York City real estate investment firm, in the transaction.
NEW YORK CITY — GFI Realty Services has arranged the sale of 805 Fairmount Place, a five-story walk-up multifamily building in the Bronx’s Tremont section. The property sold for $3.11 million or $89,000 per unit. Built in 1931, the 25,925-square-foot building offers 35 apartment units and is in close proximity to the West Farms Square – East Tremont Avenue subway station. Yosef Katz and Yisroel Pershin of GFI represented the seller, Madison Realty, while Shulen Paneth and Eli Matyas, also of GFI, represented the buyer, a local investor, in the transaction.
SAN ANTONIO — CBRE has negotiated the sale of Commons at Concord Park, a four-building, 108,116-square-foot office project in north-central San Antonio. Boston-based Intercontinental Real Estate Corporation sold the property to an affiliate of Beverly, Massachusetts-based Brookwood Financial Partners, LLC for an undisclosed price. Commons at Concord Park is on Sonterra Boulevard, west of the Loop 1604/U.S. Highway 281 interchange near the Stone Oak neighborhood. The complex is 77.6 percent occupied. Brookwood selected CBRE’s Lindsey Tucker to lease the property, while Transwestern will handle management. Todd Mills, Hunter Mills and Casey Knust with CBRE represented the seller.