METROPOLIS, ILL. — HREC Investment Advisors has arranged the sale of the 102-room Baymont Inn & Suites hotel in Metropolis, a city in southern Illinois. The Baymont Inn & Suites is located on Front Street, which runs parallel with the Ohio River. Ted Anka, vice president in HREC Investment Advisors' Chicago office, represented the seller in the transaction. An Illinois-based group purchased the hotel.
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CAROL STREAM, ILL. — COM2 Computer Recycling Solutions has signed a 207,758-square-foot industrial lease at 500 Kehoe Blvd. in Carol Stream, located about 45 miles west of Chicago. The four-year lease expands COM2’s Carol Stream footprint and provides the company with space for continued growth.COM2, headquartered in Carol Stream, is a provider of comprehensive electronics recycling solutions that partners with customers and communities to reduce electronics waste. John Whitehead of NAI Hiffman represented COM2 in the transaction. John Cash, executive vice president, and David Haigh, vice president also with NAI Hiffman, represented the owner, 500 Kehoe LLC.
HUNTINGTON, IND. — Block & Co. Inc. Relators has sold a 12,841-square-foot retail strip center in Huntington, located about 36 miles southwest of Fort Wayne, Ind. BND Commercial represented the buyers, locally-based group. The Walmart Supercenter shadow-anchored center is located at 234 Havenstein Road and is centered in the area's primary retail corridor. Block & Co. Realtors investment group, which includes two partnerships, Bloomfield 2005 LLC and Metcalf Arlington SPE LLC, sold the property. David Block and Max DiCarlo of Block & Co. Realtors represented the seller in the transaction, along with Al Stovall of NAI Harding Dahm.
NEW LENOX, ILL. — DaVita Inc. has signed a second lease for 2,631 square feet in Pavilion A at the Silver Cross Hospital campus in southwest Chicago. NexCore Group developed, leases and manages the 182,000-square-foot Pavilion A, an outpatient facility that connects to the $270 million replacement hospital. DaVita Inc. will occupy space on the fourth level of the building for one of its home dialysis training centers, which will open in July 2014. DaVita also provides outpatient dialysis services at Pavilion A in the 7,000-square-foot infusion center on the first level
STOW, OHIO —The Cooper Commercial Investment Group has arranged the sale of a Burger King property in Stow, located about 35 miles south of Cleveland. Dan Cooper, president and broker at Cooper Commercial Investment Group, represented the seller, a private investment group based in Canton, Ohio. Carrols Corp., which operates more than 570 restaurants under the Burger King brand in 13 states, purchased the property for $704,000.
NEW YORK CITY — Besen & Associates has arranged the $23.8 million sale of The Albert Goodman Plaza Apartments, an affordable housing complex in the Morrisania section of The Bronx. The sales price equates to $94,450 price per unit, $81 per square foot and a 6.5 percent capitalization rate. Preservation Development Partners purchased the multifamily property. The complex includes four elevator apartment buildings that include 250 apartments and two commercial units. Constructed in 1982, the apartment community spans 292,925 square feet. The buildings are operated under a Project Based Section 8 HUD contract, which requires the apartments to remain affordable for another 20 years. Amit Doshi, Lynda Blumberg and Shallini Mehra of Besen & Associates brokered the deal. The properties are located at 970 Boston Road and 665 E. 163rd St.
NEW YORK CITY — Eastern Consolidated has arranged the $18.5 million sale of a five-story, 25,000-square-foot mixed-use building located at 131 Duane St. in the Tribeca neighborhood of Manhattan. Ben Tapper, senior director, and Marion Jones, director at Eastern Consolidated, represented the seller, Duane Street Realty, in the transaction. The property includes eight residential units on floors two through five, as well as a ground floor and lower level retail space occupied by the City Hall Restaurant. The buyer was Duane 131 LLC. The attorney for the seller was Myron Cohen of Dornbush, Schaeffer, Strongin & Venaglia LLP. The buyer’s attorney was Francisco Augspach of Augspach Law PLLC.
EAST HARTFORD, CONN. — New Boston Fund has sold 71 George Street, a 53,000-square-foot industrial and office facility located in East Hartford to Nixon Uniform Services.The building includes 8,000 square feet of office space and 45,000 square feet of 28-foot clear warehouse space. The building also features five loading docks, two drive-in doors and 51 parking spaces. Mark Duclos, president of Sentry Commercial, represented New Boston in the transaction. Christopher Metcalfe, first vice president at CBRE, represented the buyer.
EDISON, N.J. — Sitar Co. has arranged the sale of a 332,000-square-foot industrial building in Edison to 45 Brunswick Ave LLC for an undisclosed price. NJIND Brunswick, Avenue LLC previously owned the property, which is located at 45 Brunswick Ave. Built in 1974, the building features 25-foot ceilings and 34 loading positions and is situated on 14.8 acres. Tom Monte and Bill Sitar Jr. brokered the deal.
NEW YORK CITY — Silvershore Properties has purchased 331 Hicks St., a 7,888-square-foot mixed-use building in Brooklyn Heights for $3 million. Built in 1910, the building includes two stores and four apartments and is located across the street from Long Island College Hospital. The seller was a long-term owner. No brokers were involved in the deal.