TAMPA, FLA. — Ciminelli Real Estate Services has secured two new lease agreements for 14,802 square feet of office space at One Amerilife Place in Tampa's North Pinellas/Clearwater submarket. Winkler, Treger and Associates LLC will occupy 3,686 square feet and Vogue International Inc. will occupy 11,113 square feet. Judy Healey of Ciminelli Real Estate Services represented the landlord in both transactions. Deron Thomas of Industrial Realty Solutions Inc. represented Vogue International in its lease deal.
CHICAGO —A $25 million renovation of the Hyatt Chicago Magnificent Mile, which includes a new signature restaurant known as Level 2, is now complete. The hotel updated its 419 guestrooms, meeting space, lobby, indoor pool and fitness center. Chicago-based Looney & Associates led the design effort. It also added an Escape Bar, which offers space for informal small meetings with complimentary Wi-Fi, four iMac computers, two LCD HDTVs and printers. Guestrooms now feature new carpeting, drapery, wall covering, entertainment centers and oversized desks along with a stereo iPod docking station. The fitness center has been expanded by 60 percent and includes new cardio equipment with Wi-Fi access, individual TV screens and iPhone docking stations. The Level 2 restaurant serves contemporary American cuisine with organic local ingredients along with specialty cocktails and craft beers.
WEST ALLIS, WIS. — The Dickman Co. Inc./CORFAC International has completed the sale of a 50,845-square-foot industrial building in West Allis, about six miles west of Milwaukee. Samuel M. Dickman Jr. and Samuel D. Dickman of the Dickman Co. represented the seller, C.D.D.M. Enterprises LLC, in the transaction. Trent Poole of CBRE represented the buyer. The industrial property is located at 10930 W. Lapham St.
SCHAUMBURG, Ill. — Samwon Tech has purchased a 98,456-square-foot industrial property in Schaumburg, a Chicago suburb, for $5.2 million. Wiley Road Industrial Park LP sold the 11-unit property located at 1261 Wiley Road. Built in 1983, the property is fully leased to clients including Sherman Williams, Prism Healthcare and The Kaman Corp. Samwon Tech is an industrial metal fitting supplier and manufacturer whose parent company is based out of Korea. John Sharpe, a principal at Lee & Associates, represented Wiley Road Industrial Park in the transaction. Ronan Remandaban, also of Lee & Associates, represented Samwon Tech.
WAYNE, MICH. — Bernard Financial Group has arranged a $2.2 million loan for Rush Investments 1 & 2 Portfolio in Wayne, located about 20 miles west of Detroit. The portfolio includes an owner-occupied truck terminal and four multi-tenant office buildings. Rush Investments 1 LLC and Rush Investments 2 LLC are the borrowers. StanCorp Mortgage Investors LLC, a servicing correspondent of Bernard Financial Group, was the lender. Bernard Financial Servicing Group, a mortgage banking firm representing several life insurance companies and conduits in Michigan, will provide partial servicing for this loan. David Dismondy of Bernard Financial Group originated the loan.
NEW YORK CITY — Co-developers Taconic Investment Partners and Thor Equities have topped out 837 Washington, a 55,000-square-foot commercial and retail building located in the Meatpacking District of New York City. The six-story development will include 28,000 square feet of retail space and 27,000 square feet of office space at the former site of a 1930s factory building. Morris Adjmi Architects designed the twisting structure. Thor Equities paid $55 million for a 75 percent stake in the Meatpacking District project last December, according to the New York Post.
LEONIA, N.J. — Leonia Data Center, a 67,000-square-foot data facility in Leonia, has sold for $14.7 million. In the transaction, Sean Brady and Grace Braverman of Cushman & Wakefield represented Server Farm Realty in the property’s acquisition from Cole Realty Group, which was represented by CBRE. The property was then acquired by Carter Validus Mission Critical, a Florida-based non-traded REIT, for a final sale price of $14.7 million, or more than $220 per square foot. Infocrossing Inc., a wholly owned subsidiary of Wipro, occupies the facility on a long-term basis. The two-story building includes first-floor data center space with more than 25,000 square feet of raised floor white space, and office space on the second floor. The property is located at 2 Christie Heights, about 27 miles east of Parsippany.
CRANSTON, R.I. — The Residences at Garden City LLC has acquired Garden City Apartments, a 94-unit community in Cranston, for $6.8 million, or $72,473 per unit. Fenway Residential Properties LP sold the seven-building multifamily property. Constructed in 1948, the property is located adjacent to the Garden City Center plaza, about five miles south of Providence. Richard Robinson, Terence Scott, Jennifer Athas and Philip Lamere of Atlanta-headquartered ARA represented Fenway and procured the buyer in the transaction. Stephen Lewinstein and Paul Griesinger, also of ARA, assisted in representing the buyer.
MEDFORD, MASS. — Management Sciences for Health (MSH) has signed a 10-year, 40,475-square-foot lease at 200 River’s Edge Drive, a LEED Gold-certified office and lab building in Medford. The building, which is located about five miles northwest of Boston, is now fully occupied. MSH is a private, nonprofit international organization working in public health areas to strengthen healthcare management and improve access to critical healthcare in the world’s poorest areas. The organization is relocating its corporate headquarters from Cambridge later this year. Steven Purpura, managing partner, and senior vice presidents Eric Smith and Ron Friedman of Richards Barry Joyce & Partners represented the landlord, Preotle, Lane & Associates Ltd., in the transaction. Ted Lyon and Chris Walsh of Cassidy Turley represented MSH.
SAN ANTONIO — ARA has brokered the sale of Vista Ridge, a 271-unit community in the Dominion neighborhood of San Antonio. The garden-style apartment property offers one-, two- and three-bedroom floorplans plus a business center, activity center, swimming pool and fitness center. Located in close proximity to the University of Texas at San Antonio and major area employers NuStar, Medtronic, Valero, USAA and South Texas Medical Center, Vista Ridge was 95 percent occupied at the time of sale. Patton Jones and Casey Fry of ARA represented the seller, Raia Properties of New Jersey. The buyer was an undisclosed private investment firm.