WEST COLUMBUS, OHIO — Friedman Integrated Real Estate Solutions has arranged the sale of a multifamily community in West Columbus for an undisclosed price. Havenwood Townhomes, an affiliate of The Romney Group, purchased the former Metro West Apartments, a 1,200-unit apartment complex located at 4312 Westport Road. Havenwood has plans for a multi-million-dollar interior and exterior renovation of the apartment site. Barry Swatsenbarg and Rich Deptula of Investment and Loan Sale Advisory Services represented the seller in the transaction.
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MILWAUKEE — The Dickman Co. Inc./CORFAC International has brokered the sale of a 42,550-square-foot industrial building in Milwaukee. The property is located at 7221 W. Parkland Court. Empower Properties LLC purchased the building from Parkland Court Enterprises. Samuel M. Dickman Jr., Samuel D. Dickman and Nick Keys of The Dickman Co. represented the seller in the transaction. Rand Wolf of The Boerke Co. Inc. represented the buyer.
CARMEL, IND. — Lee & Associates has arranged a lease of a 2,430-square-foot retail space for Huntington National Bank N.A. The space is in the Providence at Old Meridian building, located at 12505 Old Meridian St. Scot Courtney and Bart Jackson of Lee & Associates represented the tenant. Gary Perel of Newmark Knight Frank Halakar represented the landlord, Providence HUD LLC.
NEW YORK CITY — Tishman Speyer has acquired the rights to develop a 2.85 million-square-foot tower in Midtown Manhattan’s Hudson Yards District through the completion of multiple transactions. The company purchased adjacent, undeveloped parcels from Manhattan-based Sherwood Equities for $200 million. The parcels total an entire block stretching from West 34th to West 35th streets and 10th Avenue to the to-be developed Hudson Park and Boulevard. The assemblage combined with the ability to purchase additional development rights available within Hudson Yards offers Tishman Speyer the opportunity to develop and construct a 2.85 million-square-foot tower in Manhattan’s expanded west side neighborhood and business district. The Hudson Yards district, which was rezoned in 2005, allows for 26 million square feet of office space, 20,000 new residential units, 2 million square feet of retail space and 3 million square feet of hotels.
WESTHAMPTON BEACH, NEW YORK — Rechler Equity Partners has broken ground for the development of The Hampton Business District at Gabreski Airport, a new mixed-used park in Westhampton Beach. Situated on 50 acres, the 440,000-square-foot project kicks off with the construction of 220 Roger’s Way, a 60,000-square-foot industrial building. Additionally, the to-be-built office and medical buildings at 205 and 215 Roger’s Way will total 60,000 square feet. The project will also feature a 145-room hotel, a restaurant, a daycare center, a health club and a bank. Upon completion, the business district will offer space ranging from 1,333 to 100,000 square feet.
JERSEY CITY, N.J. — CBRE Group has brokered the sale of 350 Warren Street, an industrial warehouse redevelopment project in Jersey City’s Powerhouse Arts District, to Mill Creek Residential Trust for an undisclosed price. Mill Creek Property Trust is partnering with Rockwood Capital to transform the eight-story, former industrial building into 366 luxury loft-style apartments. Slated for completion in first quarter 2016, the property will feature a rooftop deck, fitness center, clubroom with bar, dog washing station, bicycle storage and repair station, conference rooms and a 24-hour concierge. Jeffrey Dunne, Gene Pride and Patrick Carino of CBRE’s New York Institutional Group represented the seller, 350 Warren LP, and procured the buyer in the transaction.
WINDSOR LOCKS, CONN. — West Hempstead, N.Y.-based GTJ REIT has acquired an industrial property located at 110 Old Country Circle in Windsor Locks for $14.2 million. The 222,661-square-foot building is currently 100 percent leased and occupied by Ford Motor Company. The property is situated on 15 acres along the I-91 Corridor between Hartford, Conn., and Springfield, Mass. Additionally, the transaction included a vacant, seven-acre parcel adjacent to the property. This deal is the first for GTJ since its merger with the former Wu/Lighthouse Partners in January 2013.
NEW YORK CITY — Meridian Capital Group has arranged $7.5 million in first mortgage financing for a three-property multifamily portfolio on behalf of an undisclosed local real estate investor. The fully leased portfolio comprises 113 units located on Marine Avenue, 82nd Street and 92nd Street in the Bay Ridge neighborhood of Brooklyn. The 15-year, self-liquidating financing package features a rate of 3.5 percent and was provided by a local savings bank. Joshua Sabzevari of Meridian’s New York City office negotiated the loans for the borrower.
HOUSTON — Full-service real estate company Hayman Co. has acquired The Lodge at Shadowlake, a 518-unit apartment property in Houston. The garden-style complex offers one- to three-bedroom apartments, plus amenities such as a swimming pool, fitness center, clubhouse, movie theater and sand volleyball court. The community is situated at 12360 Richmond Ave., in proximity to the Westchase and Energy Corridor submarkets. Hayman Co. plans to implement its value-add program, remodeling and renovating unit interiors, building exteriors and communal areas of the property.
HOUSTON — The Richland Companies has acquired Fairmont PH Business Park, a two-building, 66,654-square-foot industrial complex in Houston. Situated on nearly five acres at 11810 Fairmont Parkway and 13501 Bay Area Blvd., the property is directly parallel to the Port of Houston and located in proximity to I-45, the Sam Houston Tollway, State Highway 146 and State Highway 225. Built in 2008, the tilt-wall structures offer 28-foot ceiling clear heights, dock-high loading capabilities and ample parking. The complex was fully leased at the time of the sale to four tenants, Worley Parsons, Orr Safety, GSA and Coastal HVAC Supply. Fairmont PH Business Park is the 13th property in The Richland Companies’ Houston portfolio, which now totals approximately 1.6 million square feet.