BOSTON — EagleBridge Capital has arranged $12.7 million in permanent mortgage financing for a multi-state portfolio of retail and office buildings. The portfolio includes six retail buildings and two office buildings. The retail buildings are located in Mansfield and Attleboro, Mass.; North Windham, Conn.; North Kingston, R.I.; and North Hampton, N.H. The two office buildings are located in Lincoln, R.I. Brian Sheehan and Ted Sidel of Boston-based EagleBridge arranged the financing on behalf of the Docor Group through a financial institution. Proceeds from the loan were used to refinance the existing mortgages; cover all closing costs, including prepayment premium; and provide cash out to the borrower.
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BRANFORD, CONN. — Washington Trust’s commercial real estate group has provided $4.8 million in financing to Lakeview Center Associates LLC and Branford Equities LLC for the refinancing of Lakeview Center, a 69,955-square-foot shopping center in Branford. Sixteen tenants lease the four single-story buildings, located at 249-251 W. Main St. Edmond DeLaurentis Jr., a second-generation real estate developer and operator, operates Lakeview Center Associates LLC. He and other members — Herman Gans, Ram Gupta and Theodore Sannella — also own several other shopping centers located in Connecticut and Massachusetts.
YORK, PA. — Endurance Real Estate Group LL has acquired 325 S. Salem Church Road, a 624,800-square-foot, Class A warehouse in York. Endurance acquired the asset through a joint venture with a commingled fund managed by American Realty Advisors. Located in Central Pennsylvania, the property has served as the Northeast distribution center for the seller, American Signature Furniture, since it was constructed in 2007. David Binswanger and Michael Treacy of Binswanger represented the seller in the transaction.
NEW YORK CITY — The Feil Organization has signed Asset.tv to 3,883 square feet on the 45th floor of its landmark 570 Lexington Ave. building in New York City. Asset.tv, a video reporting firm, had been subleasing from another tenant in the building. Originally known as the RCA Victor Building, 570 Lexington Ave. includes Art Deco architecture. The 50-story structure also boasts a crown of Gothic spires that resemble a giant torch when illuminated. The 640-foot tall building, designed by Cross and Cross, opened in 1931 and was added to the National Register of Historic Places in 2004.
HOUSTON — Developer Hines has broken ground on 609 Main at Texas, a 1.1 million-square-foot office tower in downtown Houston. The 48 story building, to be located at the corner of Main and Texas streets, is slated for completion in February 2017. The structure, which is pre-registered for LEED and expected to attain Gold or Platinum certification, will feature facades of glass and stainless steel on all four sides. The project team includes general contractor D.E. Harvey and architect Pickard Chilton. Hines CalPERS Green, a partnership between the developer and the nation’s largest pension fund that focuses exclusively on sustainable office buildings, is funding construction.
DALLAS — Developer Bandera Ventures has leased 130,000 square feet in Dallas to Energy Transfer Partners, a pipeline operator serving the natural gas, refinery and crude oil industries. The tenant will occupy space at 8111 Westchester, currently under construction in the Preston Center submarket, upon the building’s completion in early 2015. Chief Oil and Gas, which is partnering with Bandera Ventures in development of the property, will occupy the remaining 60,000 square feet of the structure. Randy Cooper and Dan Harris of Cassidy Turley represented Energy Transfer Partners in the negotiations. BOKA Powell designed the six-story structure.
HOUSTON — Coldwell Banker Commercial United Realtors (CBCUR) has brokered the sale of a 21,000-square-foot industrial building in Houston. Constructed in 2007, the warehouse features 21-foot clear heights and a fenced yard. Located at 6440 Eastwood St., the property is in proximity to the interchange of I-610 and State Highway 288. Robert Bain of CBCUR represented the unnamed seller in the transaction. Ram-Gil LLC purchased the asset.
HOUSTON — Moody Rambin has brokered the sale of a 13,924-square-foot office building in Houston for $1.4 million. Located on nearly one acre at 6701 Pinemont Drive, the property is in close proximity to the Northwest Freeway. Constructed in 1982, the building features a new roof and HVAC units and was 75 percent leased at the time of the sale. Christopher Dray of Moody Rambin represented the seller, an individual, in the transaction. TAM International Inc. purchased the asset.
LOS ANGELES — SL Green Realty Corp. has agreed to sell its 43.74 percent interest in a Southern California office portfolio to an affiliate of joint venture partner Blackstone Real Estate Partners VII for $100 million. The fund will now take full ownership of the portfolio. The portfolio consists of 28 properties totaling 3.7 million square feet located throughout the submarkets of Los Angeles, Orange County and San Diego counties. It was originally part of a 31-property, 4.5 million-square-foot portfolio that SL Green acquired through foreclosure. That portfolio was eventually recapitalized and the financing was restructured. SL Green went on to form a new partnership with Blackstone while acquiring the other two minority partners’ interests. SL Green sold three of those properties for $223 million. Blackstone’s affiliate, Equity Office Properties, launched a successful capital improvement and lease-up program at the remaining properties.
HONOLULU — Inland American Lodging Group, Inc. has acquired the 645-room Aston Waikiki Beach Hotel in Honolulu for $183 million. The resort is located on Waikiki Beach along Kalakaua Avenue. It also features a heated outdoor swimming pool, sun deck, 19,400 square feet of retail space, and 3,300 square feet of indoor and outdoor meeting space, including the 1,288-square-foot Coconut Club. The retail space is fully leased by Tiki's Bar & Grill and Wolfgang Puck's Express. The hotel will continue to be managed by Aston Hotels & Resorts. Inland American Lodging Group is a wholly owned subsidiary of Inland American Real Estate Trust, Inc.