WASHINGTON, D.C. — Cassidy Turley has arranged $32.1 million in permanent financing for a fully leased office building, located at 801 N. Capitol St. N.E. in Washington, D.C. John Campanella and Paul Spellman of Cassidy Turley arranged the loan through a bank on behalf of the borrower, ASB Real Estate Investments. The 87,833-square-foot office building is fully leased to the District of Columbia under a long-term lease.
ATLANTA — The Fulton County Office of the Public Defender has leased 48,000 square feet of office space at 100 Peachtree, a 32-story office building located in downtown Atlanta. About 110 attorneys, administrators and legal staff will occupy three floors. Brad Jancik and Eric Ross of CBRE represented the landlord, Coral Gables, Fla.-based America’s Capital Partners, in the lease deal.
LOGANVILLE, GA. — Dollar General will open a new store at 1901 Georgia Highway 81 in Loganville. The new store is set to employ about six to 10 people. “Dollar General is committed to delivering a pleasant shopping experience that includes a convenient location, a wide assortment of merchandise and great prices on quality products,” says Dan Nieser, senior vice president of real estate and store development of Dollar General. “We hope our Loganville customers will enjoy shopping at Dollar General’s new location.”
TINLEY PARK, ILL. — A joint venture between New York-based Dune Real Estate Partners and Chicago-based Focus Healthcare Partners has purchased Hanover Place of Tinley Park, a 150-unit, Class A, age-restricted senior living property in Tinley Park. Berwyn, Pa.-based LCOR sold the property, which is located at 16851 S. Harlem Ave., for $19 million. Jeff Patterson of ARA Seniors Housing and Todd Stofflet of ARA Midwest represented the seller.
CHICAGO — Dallas-based Westmount Realty Capital has acquired the Premier Chicago Industrial Portfolio, which is located near O’Hare International Airport in Chicago. The 1.5 million-square-foot portfolio consists of eight infill industrial properties, which are occupied by Hearthside Food Solutions, Jewel-Osco, Halls Rental Service, Revolution Dancewear and Gold Eagle.
AUBURN HILLS, MICH. — Knight Global has purchased 173,000 square feet of industrial space for an undisclosed price. The space is located at the United Solar Ovonic building at 2705 Commerce Parkway in Auburn Hills. John Lominack and Robert Hanzl of Colliers International represented the buyer in the transaction. The seller was not disclosed.
CHICAGO — J.C. Anderson has completed multi-floor renovations and build-outs for Daymark Realty Advisors at 525 W. Van Buren St. in Chicago. The 16-story, 524,800-square-foot property, which is known as Congress Center, was constructed in 2001. J.C. Anderson was hired to complete a build-out on the 10th and 14thfloors, as well as corridor renovations on the 7th, 10th and 14th floors. Steve Boulukos of J.C. Anderson was the project executive. Baumann Studios provided architectural services for the project.
MALVERN, PA. — Malvern-based Liberty Property Trust has completed the sale of 48 properties, totaling 2.6 million square feet and 19 acres, for $329.6 million. The recent closing consists of 2.1 million square feet of office space and 468,000 square feet of flex properties, including 1.37 million square feet across 23 properties in Maryland, 1.89 million square feet across 24 properties in New Jersey and a 36,718-square-foot property in Fort Washington, Pa. The sale is part of a previously announced transaction consisting of a total of 97 properties. The first closing, which occurred in December 2013, consisted of 49 properties for $367.7 million.
NEW YORK CITY — A family partnership has sold 346 West 40th Street, a 98,750-square-foot development site in the Hudson Yards area of New York City. Hotel developer Sam Chang has purchased the property for $26.25 million or $266 per square foot. Glen Kunosfky of Marcus & Millichap, along with Peter Von Der Ahe, Joseph Koicim and Sean Lefkovits of Institutional Property Advisors, a multifamily brokerage division of Marcus & Millichap, represented the seller. A six-story, 250-space, 53,172-square-foot parking garage currently occupies the property. Chang also bought out the long-term triple-net lease on the site from Peach Parking Corp.
NEW YORK CITY — Cadogan Tate New York, a London-based fine arts storage company, has leased a 67,362-square-foot property at 301 Norman Ave. in the Greenpoint area of Brooklyn. The one-story property features one interior loading dock, six drive-in doors, gas heat, heavy power, 26-foot ceilings and a full sprinkler system. Additionally the property features 25,000 square feet of property that can be used for parking. Grant Dolgin and Dmitri Gourianov of Kalmon Dolgin Affiliates represented the tenant in the transaction, while Jeffrey Unger, also of KDA, represented the owner, 301 Norman Avenue LLC. Terms of the lease were not disclosed.