ROSEMONT, ILL. — Bradford Allen Realty Services has arranged the lease of an 8,807-square-foot office space in Rosemont. VHT Inc., a full service provider of visual marketing services designed for the real estate industry, will occupy space at 6400 Shafer Court. The firm is relocating from its offices also located in Rosemont. Joel Berger and C.J. Ricardi of Bradford Allen Realty Services represented VHT. Zachary Fox of Transwestern represented the landlord, Crossroads Development, in the transaction.
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DELAFIELD, WIS. — The Ryan Companies U.S. Inc. will develop a new, 30,000-square-foot clinic for the Children’s Hospital of Wisconsin. The new facility will be built in Delafield approximately 26 miles west of Milwaukee. Initial improvements to the 5.1-acre site located at 3195 Hillside Drive began in early April. Construction on the two-story building will occur during the summer with a projected opening in late 2014. The new clinic will provide services for asthma/allergy; cardiology; dermatology; ear, nose and throat; gastroenterology; orthopedics and urology specialty care; primary care; imaging, and physical and occupational therapy for children and adolescents. There will also be a lab and pharmacy. Ryan is providing development, design-build construction and real estate management services for the project. Zimmerman Architectural Studios Inc. will serve as the project’s architect. Associated Bank has provided construction financing for the project.
DES MOINES, IOWA — A new loft apartment community in the Western Gateway section of downtown Des Moines is now open. 14Forty, located at 1440 Locust St., welcomed its first residents in April and is now fully leased. Hubbell Realty Co. developed the $8.2 million project. The development is a historic renovation of the Mitchell Transmission Building, the former local branch office of Studebaker Corp. of America, an automobile manufacturer based in South Bend, Ind. 14Forty consists of 37 one- and two-bedroom loft apartments. The lofts range from 530 square feet to more than 1,000 square feet. The units feature original architectural elements, soaring ceilings up to 17 feet high, large windows with views of the Pappajohn Sculpture Park and contemporary design. Hubbell Construction Services renovated the historic building. Hubbell Apartment Living manages the property.
MELROSE, MASS. — Wood Partners LLC is developing 2 Washington, an apartment community located on 2.4 acres of infill property at 2 Washington St. in Melrose. The five-story, 130,000-square-foot property will offer 49 one-bedroom units, 45 two-bedroom units, a clubhouse, a fitness center, a roof deck and an outdoor lounge area with grilling stations. The apartment units will feature stainless steel appliances, vinyl plank flooring in kitchens and baths, granite countertops, and washers and dryers. Additionally, the community will offer residents 133 parking spaces, 38 of which will be covered. Construction will break ground in June, and the project is slated for completion by September 2015. Bargmann Hendrie + Archetype designed the property, and Wood Partners is serving as general contractor and developer.
NEW YORK CITY — Besen & Associates has completed the sale of 1530 Sheridan Ave. in the Claremont neighborhood of the Bronx. The six-story, 84-unit apartment building sold for $10.5 million. Built in 1927, the 96,000-square-foot building offers 18 three-bedroom units, 35 two-bedroom units, 28 one-bedroom units and three studios. Amit Doshi of Besen & Associates represented the seller, Prana Investments, and the buyer, a local private investor, in the transaction. Mark Mandell of Mandell, Mandell LLP provided legal representation for the seller, and Mark Winston of Lazarus, Lazarus & Winston LLP provided legal services for the buyer.
NEW YORK CITY — Delshah Capital has completed the disposition of 163 West 80th Street on Manhattan’s Upper West Side to Yu Far Realty, a group of Chinese investors. The five-story, 9,624-square-foot residential brownstone, which has been converted into five luxury residential units, sold for $7.65 million. The units feature high ceilings, oversized windows and high-end finishes, including open kitchens with stainless steel appliances and modern bathrooms. Howard Raber, Randy Modell and Scot Hirschfield of Ariel Property Advisors in Manhattan represented the seller in the transaction.
MANSFIELD, CONN. — Orchard Acres Apartments LLC has purchased Orchard Acres Apartments in Mansfield for $5.9 million. The 96-unit, student-oriented apartment community is located adjacent to the University of Connecticut. Constructed in 1962, the property offers one-bedroom units in 24 four-plex buildings — 88 units at Orchard Acres I and eight units at Orchard Acres II. Rick Chozick and Tom Boyle of Chozick Realty represented the buyer and the seller, 157-35 OAP Holding LLC, in the transaction.
NEW YORK CITY — Kalmon Dolgin Affiliates has arranged the sale of 16-18 Decatur Street in the Ridgewood neighborhood of Queens. JHS Acquisitions purchased the 17,000-square-foot property for $2.8 million. The industrial property offers 40-foot ceilings, double interior loading docks and one drive-in door; however, the owner plans to use the space as an art studio. Neil Dolgin and Grant Dolgin of Kalmon Dolgin represented the seller, Midland Realty LLC, in the transaction. Sholom & Zuckerbrot Realty represented the buyer.
ARLINGTON, TEXAS — Bradford Commercial Real Estate Services has arranged a 52,032-square-foot industrial lease in Arlington for recycling company Waste Track Services LLC. The tenant will occupy the first floor of a two-story building that is part of a larger four-building development in the Great Southwest Industrial District. Property owner FPA Division Associates LP will strip the tenant’s space to shell condition and add four new dock doors prior to occupancy. Waste Track Services, which will relocate from nearby Granbury, will also hold rights to half of the second floor of the building. Will Dillard of Bradford Commercial represented the tenant in the lease negotiations.
HOUSTON — General contractor Satterfield & Pontikes Construction will break ground this month on a new 32,000-square-foot store in Houston’s Galleria submarket for electronics retailer Micro Center. The $6 million project, which will include showroom, office and storage space, is located on a 3.5-acre site near the intersection of South Rice Boulevard and Westpark Drive. The building will feature concrete tilt-wall panel construction, as well as a 90-foot tower rising through the roof that will display the Micro Center sign. Powers Brown Architects is providing design and architectural services for the property, which is slated for completion within six months.