STOW, OHIO —The Cooper Commercial Investment Group has arranged the sale of a Burger King property in Stow, located about 35 miles south of Cleveland. Dan Cooper, president and broker at Cooper Commercial Investment Group, represented the seller, a private investment group based in Canton, Ohio. Carrols Corp., which operates more than 570 restaurants under the Burger King brand in 13 states, purchased the property for $704,000.
Property Type
NEW YORK CITY — Besen & Associates has arranged the $23.8 million sale of The Albert Goodman Plaza Apartments, an affordable housing complex in the Morrisania section of The Bronx. The sales price equates to $94,450 price per unit, $81 per square foot and a 6.5 percent capitalization rate. Preservation Development Partners purchased the multifamily property. The complex includes four elevator apartment buildings that include 250 apartments and two commercial units. Constructed in 1982, the apartment community spans 292,925 square feet. The buildings are operated under a Project Based Section 8 HUD contract, which requires the apartments to remain affordable for another 20 years. Amit Doshi, Lynda Blumberg and Shallini Mehra of Besen & Associates brokered the deal. The properties are located at 970 Boston Road and 665 E. 163rd St.
NEW YORK CITY — Eastern Consolidated has arranged the $18.5 million sale of a five-story, 25,000-square-foot mixed-use building located at 131 Duane St. in the Tribeca neighborhood of Manhattan. Ben Tapper, senior director, and Marion Jones, director at Eastern Consolidated, represented the seller, Duane Street Realty, in the transaction. The property includes eight residential units on floors two through five, as well as a ground floor and lower level retail space occupied by the City Hall Restaurant. The buyer was Duane 131 LLC. The attorney for the seller was Myron Cohen of Dornbush, Schaeffer, Strongin & Venaglia LLP. The buyer’s attorney was Francisco Augspach of Augspach Law PLLC.
EAST HARTFORD, CONN. — New Boston Fund has sold 71 George Street, a 53,000-square-foot industrial and office facility located in East Hartford to Nixon Uniform Services.The building includes 8,000 square feet of office space and 45,000 square feet of 28-foot clear warehouse space. The building also features five loading docks, two drive-in doors and 51 parking spaces. Mark Duclos, president of Sentry Commercial, represented New Boston in the transaction. Christopher Metcalfe, first vice president at CBRE, represented the buyer.
EDISON, N.J. — Sitar Co. has arranged the sale of a 332,000-square-foot industrial building in Edison to 45 Brunswick Ave LLC for an undisclosed price. NJIND Brunswick, Avenue LLC previously owned the property, which is located at 45 Brunswick Ave. Built in 1974, the building features 25-foot ceilings and 34 loading positions and is situated on 14.8 acres. Tom Monte and Bill Sitar Jr. brokered the deal.
NEW YORK CITY — Silvershore Properties has purchased 331 Hicks St., a 7,888-square-foot mixed-use building in Brooklyn Heights for $3 million. Built in 1910, the building includes two stores and four apartments and is located across the street from Long Island College Hospital. The seller was a long-term owner. No brokers were involved in the deal.
DALLAS — Colliers International has brokered the sale of Preston Plaza, a 261,186-square-foot office tower in north Dallas. Located at 17950 Preston Road, the Class A property stands 10 stories and is in proximity to President George Bush Turnpike, Dallas North Tollway and I-75. Jack Minter, Creighton Stark and Ben Lurie of Colliers represented both the seller, Granite Properties, and buyer, Caddo Holdings, in the transaction.
SAN MARCOS, TEXAS — CBRE has brokered the sale of four buildings previously owned by Hays County totaling 66,066 square feet in San Marcos. The assets, vacated when the new Hays County Government Center opened in February 2013, will be redeveloped for a variety of uses. Austin-based Primus Real Estate Services purchased the majority of the portfolio, including the former Courthouse Annex, Records Building and Justice Center. An undisclosed buyer acquired the fourth structure, a 3,229-square-foot building located at 302 W. San Antonio St. Walter Saad and Cathy Nabours of CBRE represented Hays County in the disposition.
HOUSTON — Coldwell Banker Commercial United Realtors (CBCUR) has brokered the sale of a 57,719-square-foot industrial building in Houston. The single-story warehouse is located at 6501 Goforth St., in proximity to the interchange of I-610 and State Highway 288. Robert Bain of CBCUR represented the seller, the Stevens family, in the transaction.
SAN ANTONIO — Henry S. Miller Brokerage has arranged the sale of a 10,000-square-foot flex building in San Antonio. Located on approximately 2.3 acres at 1711 Columbia Square, the former restaurant property is in proximity to Southwest Loop 410. Jim Turano and Keith Coelho of Henry S. Miller Brokerage represented the buyer, Columbia Square LLC, which will repurpose the building as the third metro-area location of San Antonio Dialysis outpatient services. Joe Caroll of Cavender & Hill Real Estate represented the seller, Brisend Investments LP, in the transaction.