ANAHEIM, CALIF. — Gateway One Lending & Finance, LLC has leased 50,000 square feet of office space in Anaheim. The space is located at 160 N. Riverview Drive. The lease is valued at $5.5 million. Gateway One is an indirect auto finance lender. Chris Migliori of DAUM’s Orange County office represented both Gateway One and the landlord, Anaheim Hills Office Plaza, LLC, in this transaction.
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PHOENIX — Greenway Plaza, a 66,678-square-foot retail property in Phoenix, has received $3 million in acquisition financing. The plaza is located at 1849-1855 W. Greenway Plaza. It contains three retail buildings that were constructed in 2000. Financing was based on a three-year term and 20-year amortization schedule. It was arranged by John M. Stewart of NorthMarq Capital’s Denver office through the firm’s relationship with a regional bank. The borrower was not named.
FORT OGLETHORPE, GA. — CBL & Associates Properties, a Chattanooga-based owner and developer of malls and shopping centers, plans to develop Parkway Plaza, a 134,100-square-foot retail property in Fort Oglethorpe. Construction on the property is set for June. Parkway Plaza, which is currently 90 percent pre-leased with committed retailers such as Hobby Lobby, Marshalls, Petco, Rack Room Shoes and Ross Dress for Less, is located at Battlefield Parkway next to the Walmart shopping center. A spring 2015 grand opening is set for the new development.
FRANKLIN, TENN. — Greystone has provided a $40.4 million HUD loan to refinance Viera Cool Spring Apartments in Franklin. The townhome community, built in 1987, is located in the Cool Springs submarket of Nashville. The loan is structured as a 35-year fully amortizing HUD 223(f) loan. Donny Rosenberg of Greystone originated the non-recourse loan.
KNOXVILLE, TENN. — JHD, a Knoxville-based real estate investor and developer, has purchased the historic John H. Daniel Building in downtown Knoxville for $2.9 million. John H. Daniel Co., which sold the 109,000-square-foot light industrial building, has been at the 114-124 W. Jackson Ave. building since 1928. George Brown and Brad Blackwell of Wood Properties Inc. represented the seller in the transaction. The mixed-use property has approximately 100 apartment units and several thousand square feet of retail/commercial space. John H. Daniel Co. will continue its operations in a facility north of downtown.
ATLANTA — Franklin Street Real Estate Services has arranged the approximately $2 million sale of Jackson Place Apartments, a 50-unit apartment complex in Commerce, to Archer Properties. The property, located at 122 Victoria Way, includes two bedroom and two bathroom units with individual HVAC systems. Archer Properties plans to make small capital improvements to the property, which was constructed in the late 90s. Jake Reid and Ricky Jones of Franklin Street’s Atlanta office represented the seller. The complex was fully occupied at the time of sale.
WASHINGTON, D.C. — Calkain Urban Investment Advisors has arranged the sale of a net-lease investment property in Washington, D.C.’s DuPont Circle neighborhood. A private equity group acquired the 9,718-square-foot DuPont Circle Starbucks building for approximately $16.3 million. Rick Fernandez and David Sobelman of Calkain represented the seller, LaKritz/Alder Development, in the transaction. The property is fully leased.
CHICAGO — Sterling Bay Cos. has completed the $22 million acquisition of Fulton West, a portfolio of existing and partially completed office, retail and parking facilities in the Chicago area, from an affiliate of Marc Realty. In its current stage of development, Fulton West includes three loft-style office buildings totaling approximately 165,000 square feet and parking facilities — structures and surface lots — for more than 314 vehicles. The Fulton West portfolio is bounded by Fulton Street North and Carroll Avenue between Elizabeth Street (eastern boundary) and Ada Street (western boundary). Sterling Bay expects the projects to be completed by Spring 2016.
BATAVIA, ILL. — @properties Commercial has brokered the $2.4 million sale of a 10,500-square-foot retail center at 805-820 Randall Rd. in Batavia, a western suburb of Chicago. Dan Stratis and Lee Ffrench of @properties Commercial represented the buyer, Bally Doyle, a private investment firm. Jameson Commercial represented the seller, a private investor. The property was approximately 90 percent leased at the time of the sale. Current tenants include Accelerated Physical Therapy, Delnor Medical, Cartridge World and USA Cleaners.
BOLINGBROOK, ILL. — Network Strategy LLC has sold 13 acres of land to Seefried Industrial Properties in Bolingbrook, a Chicago suburb. Seefried Industrial Properties plans to build a speculative building on the property, located on the corner of I-55 and Veterans Parkway. The purchase price was not disclosed. Ben Cremer and Michael Robbins with NAI Hiffman’s industrial services group represented Network Strategy in the transaction. Trevor Ragsdale and Grant Glattly of JLL represented Seefriend Industrial Properties.