BRIDGETON, MO. — The City of Bridgeton has awarded Holland Construction Services Inc. the construction management contract for its new $15 million recreation center. The 56,000-square-foot facility will replace the existing community center and be located a half-mile north of the intersection of St. Charles Rock Road and Fee Road in Bridgeton, a northwest suburb of St. Louis. Construction of the proposed facility will begin this fall. The new recreation center will feature a gymnasium, track, a weight/cardio room, an aerobic room and community meeting rooms. Aquatic features will include a recreational pool with lap lanes, an activity channel and some deep water areas for swim lessons and aquatic exercise classes. Hastings & Chivetta Architects is the architect for the project.
Property Type
WOODRIDGE, ILL. — Morgan/Harbour Construction has completed a 180,480-square-foot speculative warehouse within Park 355 in suburban Chicago on behalf of HSA Commercial and Industrial Income Trust. Located at 2143 Internationale Parkway, the new building is situated on 9.5 acres in Woodbridge and includes 30-foot clear ceiling heights, 28 exterior truck docks and four drive-in doors. The property sits near the junction of I-55 and I-355 and features frontage on I-355. The facility can accommodate up to 196 vehicles and is expandable by an additional 23 exterior docks and five drive-in doors. Leading Morgan/Harbour’s construction team were Ben Warriner, vice president of construction; John Becker, project manager; and Robert Papineau, superintendent. Cornerstone Architects provided the architectural services. The building is a joint development between HSA Commercial and Denver-based Industrial Income Trust.
WAUSAU, WIS. — Marcus & Millichap has arranged the $8.2 million sale of Pick ’n Save, a 67,951-square-foot, net-leased property in Wausau, a city in northern Wisconsin. Austin Weisenbeck, Sean Sharko and Dominic Sulo, investment specialists in Marcus & Millichap’s Oak Brook, Ill. office, marketed the property on behalf of the seller, a private investor, and secured the buyer, a REIT. Pick ’n Save is located at 205 Central Bridge St. and is situated along the west bank of the Wausau River.
DEERFIELD, ILL. — J.C. Anderson Inc. has completed a 45,000-square-foot office renovation and expansion for Morgan Stanley at 111 S. Pfingsten Road in Deerfield, a northern suburb of Chicago. The construction on the second floor included new carpet and paint, along with remodeling of the lobby and reception areas. The fourth floor was a complete reconfiguration to incorporate new private offices and open work areas. Founded in 1935, Morgan Stanley is a global financial services firm with expertise in securities, asset management and credit services. Seth Erlich was the project manager and Steve Perry was the superintendent for J.C. Anderson. Wight & Co. provided the architectural services.
HICKSVILLE, N.Y. — Vornado Realty Trust has entered into an agreement to sell Broadway Mall in Hicksville, an unincorporated town on Long Island, for $94 million. The publicly traded REIT (NYSE: VNO) sold the 1.1-million-square foot Broadway Mall to an unidentified buyer for about 40 percent less than the $152.5 million it paid to purchase the property in December 2005. The mall includes the only Ikea store on Long Island, which is leased to the furniture retailer through 2088. Other tenants include Macy’s, Forever 21, a 12-screen movie theater and H&M and Target.
SECAUCUS, N.J. – Cushman & Wakefield has arranged the sale of 60-70 Seaview Drive, a 146,000-square-foot industrial building in Secaucus. Stephen Elman and Jules Nissim of Cushman & Wakefield represented both the buyer, C.R. Laurence Co. Inc. (CRL), and seller, Principal Real Estate Investors. For C.R. Laurence, a supplier to the glazing, architectural, railing, construction, industrial and automotive industries, the acquisition marks a relocation and expansion by 100,000 square feet within the Secaucus market. Constructed in 1981, the single-story distribution facility at 60-70 Seaview Drive is situated on 6.7 acres. CRL’s existing 45,000-square-foot warehouse/distribution facility, located at 211 County Ave. in Secaucus, also company-owned, is currently available for sale.
NEW YORK CITY — LargaVista Cos., a second-generation real estate development, management and investment firm, and Related Cos., a privately owned real estate firm, have formed a joint venture partnership for the development of 300 Lafayette in SoHo. The site will be transformed into a seven-story mixed-use retail and office tower. The proposed development, designed by COOKFOX Architects, includes an 83,000-square-foot retail and boutique office building that features abundant outdoor space on several landscaped terraces. The CBRE team of Mary Ann Tighe, CEO of the New York region, and Tom Duke, vice president, served as real estate consultant to LargaVista at 300 Lafayette. Gregory Tosko, vice chairman, and Lauren Crowley, vice president, joined the CBRE team advising LargaVista in the transaction.
NEW YORK CITY — Marcus & Millichap has arranged the sale of 108 Calyer Street, an eight-unit apartment property located in Brooklyn. The asset sold for $2.2 million, which represents approximately $272 per square foot. Shaun Riney, Michael Salvatico and Jim Saros of Marcus & Millichap’s Brooklyn office represented the buyer and the seller, both private investors.
EXETER, N.H. — NAI Norwood Group has arranged a 4,000-square-foot lease of the former Gary Blake Motorcars location at 84 Portsmouth Ave. in Exeter, a coastal city located in southern New Hampshire. The freestanding building was leased to Northeast Credit Union. John Mueller of NAI Norwood Group represented the owner, Gary Blake, in the transaction. The tenant, Northeast Credit Union, is a financial services company that sought a long-term tenancy in a high-profile location.
SAN ANTONIO — Developer Skanska has completed and opened the 85,000-square-foot intensive care unit tower at San Antonio’s Metropolitan Methodist Hospital. The addition includes expanded radiology and emergency departments, a new gastrointestinal lab, a 24-bed intensive care unit and space for future growth. Skanska reported zero safety accidents resulting in lost time and recycled 95 percent of the construction waste from the project. San Antonio Methodist Healthcare System employs 8,000 professionals in 26 facilities, including nine hospitals.