CHATTANOOGA, TENN. — HFF has secured $11.3 million in refinancing for Atrium Medical Office Buildings, a two-building, 102,705-square-foot medical office complex in Chattanooga. The medical office complex is located a half mile from Erlanger Hospital East Campus. Michael Klein of HFF arranged the three-year loan through Colony Capital on behalf of Diversified Realty Ventures.
ATLANTA — Comcast Spotlight Atlanta, a subsidiary of Comcast Communications Inc., has signed a full-floor lease at One Glenlake, a 353,000-square-foot office building located in Atlanta’s Perimeter submarket. Comcast Spotlight’s new office space is located at One Glenlake Parkway in Suite 1100. Michelle Galvani of Wildmor Realty represented Comast Spotlight in the lease transaction. PM Realty Group represented the landlord. Comcast Spotlight will move to One Glenlake after 18 years of occupying space at its previous location in Norcross, Ga.
CHICAGO — The Missner Group has completed the construction of a three-story, 41,000-square-foot medical office building for the Illinois Bone & Joint Institute (IBJI) in Chicago. Debb Kosich LLC was the developer for the project. The Missner Group demolished an existing industrial warehouse and cleared the site for the new three-story healthcare facility. IBJI will occupy the entire third floor of the building. Construction of the 20,000-square-foot space included the addition of private offices, meeting and conference rooms, medical exam rooms, MRI and X-ray suites and medical storage space. The building is located at 2923 N. California Ave. Glen Missner, vice president, Drue Stoehr, senior project manager, and Bill Stransky, superintendent, led the construction team for The Missner Group. Stephen Rankin & Associates provided the architectural services.
FISHERS, IND. — Viking Partners, a Cincinnati-based private equity real estate firm, has sold Fishers Crossing shopping center in metro Indianapolis to a private California investor for $4.1 million. Located on 1.2 acres at 7235-7220 Fishers Crossing Drive, the 29,569-square-foot center is shadow-anchored by a Kroger. Other tenants include Advance America, Pet Supplies Plus, Papa John’s Pizza, Elegant Nails, Café Korea, and Krav Maga. Marcus & Millichap brokered the center sale, while Katz, Teller, Brant & Hild provided legal counsel to Viking.
CHICAGO — J.C. Anderson Inc. has completed a 25,000-square-foot build-out for DePaul University’s Schmitt Academic Center (SAC) at 2320 N. Kenmore Ave. in Chicago. The SAC houses academic and administrative offices for DePaul University, the nation’s largest Catholic university. The build-out included renovating the entire third floor, as well as half of the second and fourth floors. J.C. Anderson also added private offices, public corridors and conference rooms. Steve Boulukos of J.C. Anderson was the project executive, and Vasilko Architects provided design services.
WEST HARTFORD, CONN. — CBRE/New England’s capital markets team has arranged the $14.3 million sale of Elmwood Plaza located at 176-178 Newington Road in West Hartford. Stop & Shop Supermarket anchors the approximately 80,000-square-foot shopping center. Chris Angelone, Bill Moylan, Nat Heald, Bruce Lusa, Jeff Dunne and David Gavin of CBRE, represented the seller, Winstanley Enterprises LLC, and procured the buyer, Inland Real Estate, in the transaction.
JERSEY CITY, N.J. — Forbes Media signed a 10-year, 92,720-square-foot lease for the entire ninth and 10th floors of 499 Washington Boulevard, a 14-story, Class A office building in Jersey City. The 60,000-square-foot tower is located within Newport, a mixed-used community developed by LeFrak that includes more than 5,000 luxury apartments and is located minutes from Manhattan. The American media publishing company will relocate its former headquarters in Manhattan to Newport by the end of 2014. Marylou Berk, senior vice president and head of commercial real estate at LeFrak, and Charles Borrok, executive vice chairman of Cushman & Wakefield, secured the lease on behalf of Newport.
NIAGARA FALLS, N.Y. — Aries Capital LLC has closed an $8.5 million CMBS loan for an 87-unit Holiday Inn Express in Niagara Falls, N.Y. Constructed in 2009, the property is the newest hotel in Niagara Falls and is owned by borrower Mohan Saran, who owns hotels with his partners in New York and South Carolina. The five-year, non-recourse loan includes a fixed interest rate and a 25-year amortization schedule. Eric Jones, vice president in the firm’s Chicago office, arranged the financing.
ALLENTOWN, PA. — HREC Investment Advisors has arranged the sale of the 124-guestroom Hampton Inn in Allentown. Ketan Patel, senior vice president, and Geoff Davis, president and senior principal at HREC, represented the seller in the transaction. The buyer, New York City-based Troutbrook/Freud Development, plans to complete a multi-million dollar renovation of the property. GE Capital provided the acquisition financing. Troutbrook/Freud Development has hired Marshall Hotels to manage the property. The hotel is located adjacent to Interstate 78 and is about 13 miles from the Lehigh Valley International Airport.
HEMPSTEAD, TEXAS — Marcus & Millichap has brokered the sale of a 108,000-square-foot industrial building in the far northwest Houston suburb of Hempstead. Constructed in 2009 and expanded in 2013, the tilt-wall facility features crane-ready space and includes climate-controlled labs and finished office space. Logan Industries International Corp, a provider of hydraulic repair, field and design services for the offshore oilfield industry, holds an extended triple-net lease for the property. Located at 1000 Blasingame Road, the asset is in proximity to a Southern Pacific rail line near the intersection of U.S. Highway 290 and State Highway 6. Christopher Jones of Marcus & Millichap represented the seller, a private investor, in the transaction. Charlie Hampton, also with Marcus & Millichap, represented the buyer, a limited liability company.