CHAMPAIGN, ILL. – Sperry Van Ness/Ramshaw Real Estate has arranged the $2 million sale of 202 West Park, a 26,000-square-foot office building in downtown Champaign. Community Elements sold the property to Hickory Point Bank & Trust. Jerry Ramshaw of Sperry Van Ness/Ramshaw Real Estate represented the seller in the transaction.
BLOOMFIELD HILLS, MICH. — Bernard Financial Group has arranged a $1 million loan for Bloomfield Boulevard Office Building. The 19,157-square-foot office property is located in Bloomfield Hills, about 25 miles north of Detroit. Bloomfield Blvd. LLC was the borrower. Kevin Kovachevich of Bernard Financial originated the loan. Symetra Life Insurance Co. served as the lender.
NEW YORK CITY — DelShah Capital LLC has closed on the $8.6 million purchase of 69 Gansevoort St. in the Meatpacking District of New York City. The property includes a 2,950-square-foot commercial building with 7,160 square feet of air rights. DelShah will lease the retail space at 69 Gansevoort St. to a subsidiary of The Line Group, an operator of multiple entertainment venues across Manhattan, while plans and construction are completed to utilize the building’s air rights. Berkadia Commercial Mortgage provided $6.5 million in acquisition financing to DelShah.
NEW YORK CITY — Marcus & Millichap has arranged the $2.6 million sale of 361 7th Street, a seven-unit apartment property in Brooklyn. The sales price represents $330 per-square-foot. Jakub Nowak, an investment specialist in Marcus & Millichap’s Brooklyn office, marketed the property on behalf of the seller and represented the buyer, a private investor.
SHREWSBURY, MASS. — Fantini & Gorga has arranged $1.8 million in acquisition financing for a single-story, multi-tenant flex property in Shrewsbury. The 37,800-square-foot building is located at 910 Boston Turnpike, about 40 miles west of Boston. Situated on 3.8 acres, the property is located on Route 9. John Gorga, president and principal at Fantini & Gorga, represented the borrower, Hecht Shrewsbury LLC, in the transaction.
MONROE, CONN. — GAT, a manufacturer of sports and fitness supplements, has signed a 21,000-square-foot warehouse and office lease in Monroe. GAT will occupy almost half of the building, leaving 5,000 square feet of office and 16,000 square feet of warehouse space available. Brett Sherman, CCIM at Angel Commercial LLC, represented GAT, while Jon Angel, also of Angel Commercial, represented the landlord. The flex building is located at 578 Pepper St., about 19 miles east of Danbury.
FRISCO — CBRE has secured $10.25 million in permanent financing for retail property Custer Star Center in Frisco, approximately 28 miles north of Dallas. Comprised of three buildings totaling 55,201 square feet, Custer Star Center is anchored by Petco and includes multiple pad sites bordering the property. UCD Corp. began the first phase of the project in 2010 and completed construction at the beginning of this year. Scott Lewis, Matt Ballard and Patrick Benoist of CBRE’S Debt and Equity Finance Group originated and secured the loan, which is set for a term of 10 years and fixed at 4.57 percent.
PLANO — Henry S. Miller Brokerage has arranged the acquisition of a 46,502-square-foot, big-box retail building on 4.48 acres of land in Plano for buyer The Van Tuyl Group. Located at 300 Lexington Drive, the property is a former site of a Toys “R” Us location and sits adjacent to Crest Cadillac & Infiniti dealership. Bill Bledsoe of Henry S. Miller represented the buyer in the transaction, while Jim Avallone of DJM Realty represented the seller, DJM Realty for Toys “R” Us.
HOUSTON — CBRE has brokered the sale of 26,937 square feet of street-level retail and office space at Houston’s Bayou Lofts. The Denver-based buyer, Byers Street Properties, acquired the first two levels of the Topek Building and Parking Garage, which was incorporated into the Bayou Lofts redevelopment. Mike Hassler and Todd Casper of CBRE represented the seller, Dallas-based Spire Realty Group.
HOUSTON — Cushman & Wakefield has arranged the lease of 23,000 square feet at Northwest Place Industrial Park to Cameron International Corp. Jim Foreman and Beau Kaleel of Cushman & Wakefield represented owner Levey Group, a Houston-based commercial real estate company specializing in office-warehouse properties. Brandi McDonald of Newmark Real Estate represented the tenant, a provider of flow equipment products, systems and services to the oil, gas and process industries.