ATLANTA — Physicians Realty Trust, a healthcare properties REIT, has purchased the Peachtree Dunwoody Medical Center in Atlanta’s Pill Hill hospital district for $36.6 million. The property spans 131,000 square feet and was 96 percent leased at the time of sale. Northside Hospital is the largest tenant in the building with 42,383 square feet, which includes clinical office space, an ambulatory surgery center with seven operating rooms, an imaging center and sleep medicine facilities. Peachtree Orthepedics is the second-largest tenant at 26,785 square feet. The property sold at a 7 percent capitalization rate.
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CHICAGO — Method has selected Summit Design + Build as the general contractor for its first U.S. manufacturing facility on a 22-acre site located at 720 E. 111th St. in downtown Chicago. The new 150,000-square-foot manufacturing facility is slated to be the nation’s first LEED Platinum certified manufacturing plant in the consumer packaged goods industry. Founded in 2000, Method is a manufacturer of plant-friendly and design-driven home, fabric and personal care products. The facility will feature 84,000 square feet of manufacturing space, 66,000 square feet of distribution space and 7,083 square feet of office. Heitman Architects is providing architectural services for the project. William McDonough + Partners is the project designer. Norris Design is the landscape architect. Spaceco Inc. is the civil engineer, and KJWW Engineering Consultants is the MEP (mechanical, electrical and plumbing) engineer for the project.
GLEN ELLYN, ILL. — The Opus Group has completed the construction of a new grocery-anchored development, The Fresh Market Center, in Glen Ellyn, a western suburb of Chicago. The Fresh Market, a 23,790-square-foot grocery store, anchors the development. Firehouse Subs will occupy 2,230 square feet of space and other tenants include Great Clips and Tide Dry Cleaners, occupying 1,050 and 2,800 square feet, respectively. Located on East Roosevelt Road between South Lorraine and South Lambert roads, the new retail center includes patio seating and 186 customer parking spaces. Mid-America represented Opus in the lease transaction with Firehouse Subs. Firehouse Subs represented itself in the deal. Opus Development Co. LLC was the developer, Opus Design Build LLC served as the general contractor for the project, Opus AE Group LLC was the architect of record, and OKW Architects was the design architect.
KENT, OHIO — Marcus & Millichap has arranged the $2.9 million sale of Discount Drug Mart Center, a 31,762-square-foot retail property located in Kent, about 15 miles northeast of Akron, Ohio. Erin Patton, Scott Wiles and Craig Fuller of Marcus & Millichap marketed the property on behalf of the seller and represented the buyer, both limited liability companies, in the transaction. Discount Drug Mart Center is located at 1763 East Main St. and was fully occupied at the time of sale.
EXCELSIOR SPRINGS, MO. — The Cooper Commercial Investment Group has arranged the $1.8 million sale of a Burger King property located in Excelsior Springs, located approximately 30 miles northeast of Kansas City. Bob Havasi of the Cooper Commercial Investment Group represented the owner, a private investor from Tennessee, in the transaction. The buyer was a private investor based in Missouri. The sales price equates to a 6.2 percent capitalization rate.
YORK, PA. — ASI-York LLC, an affiliate company of Schottenstein Property Group LLC, has sold a 624,800-square-foot distribution building situated on 49 acres in York for $26 million. The property is located at 325 South Salem Church Road, 25 miles southeast of Harrisburg, Pa. Endurance Real Estate Group purchased the single-story distribution center, which includes 12,000 square feet of office space, dock-high doors and parking for 50 cars and 280 truck trailers. Michael Treacy of Binswanger’s Philadelphia office represented ASI-York in the transaction.
NEW YORK CITY — Marcus & Millichap has arranged the $13.9 million sale of 6 St. Marks Place, a five-story retail building located between Astor Place and Second Avenue in Manhattan’s East Village. The sales price equates to $889 per square foot. Barbara Dansker, Preet Sabharwal, Zachary Weiss and Zachary Ziskin in Marcus & Millichap’s Manhattan office represented the seller, Withinvestors LLC, and the buyer, Kunbing Inc. The 15,600-square-foot property is occupied by three tenants on a net-lease basis and was fully occupied at the time of the sale. The New York Tofu House restaurant occupies the ground floor and the lower level. The second floor was recently leased to the Gallery & Café. St. Mark’s Karaoke occupies the third, fourth and fifth floors.
WILMINGTON, DEL. — Patterson-Woods Commercial Properties/CORFAC International has arranged the sale of a 5,776-square-foot office building and adjacent parking lot in Wilmington. J. Gregory Ellis of Patterson-Woods Commercial Properties represented the seller, Rockford King LLC, in the transaction. The property, located at 1320 N. King St., sold for an undisclosed price. WG&S LLP purchased the office building and is currently occupying it. The company previously occupied a 3,800-square-foot location at 4550 Linden Hill Road. Walnut Street Parking Inc. purchased the parking lot.
NEW YORK CITY — Madison Realty Capital has arranged a $7.8 million loan for a three-story, 3,360-square-foot townhouse located at 152 West 13th St. in Manhattan’s Greenwich Village neighborhood. Built in 1899, the multifamily building features three units. The borrower plans to use the loan to convert the property into a luxury single-family townhouse. Once complete, the new single-family property will include an additional 1,183 square feet of livable space for a total of 4,543 square-feet.
OKLAHOMA CITY — Glimcher Realty Trust has acquired three retail properties and 12 acres of undeveloped land in Oklahoma City for $51.8 million. The retail properties, which total 290,000 square feet, include Classen Curve, Nichols Hills Plaza and The Triangle @ Classen Curve. Combined, the three are averaging $500 in sales activity per square foot and house the market’s only Anthropologie, lululemon athletica and Whole Foods locations. Glimcher is tentatively planning mixed-use shopping and entertainment developments for the open land, which is located in the Northern Oklahoma City and Nichols Hills neighborhoods. Tom Blanton of Blanton Property Co. will retain leasing duties at the properties.