GREENVILLE, S.C. — Reading, Pa.-based Sweet Street Desserts Inc. has purchased a 120,000-square-foot property at 1916 Piedmont Highway in Greenville. The building, a former Sara Lee facility, will be Sweet Street’s new manufacturing facility. The gourmet dessert maker expects to begin operations from its new facility beginning in summer 2014. The new property is expected to generate 80 new jobs in the next several years.
TAMPA, FLA. — The Sembler Co. and Forge Capital Partners have purchased Dale Mabry Shopping Center, a 56,097-square-foot shopping center located at 2525 N. Dale Mabry Highway in Tampa. Sembler and Forge purchased the center through their Forge Real Estate Partners III investment fund. The shopping center is anchored by a 46,147-square-foot Sweetbay grocery store. The Sembler Co. will provide property management and leasing services for the center, which is fully leased.
MYRTLE BEACH, S.C. — A joint venture between MedSouth Healthcare Properties LLC and Sterling Fox Group LLC has acquired Market Commons Medical, a 20,000-square-foot, two-story medical office building in Myrtle Beach. The Class A office building houses multiple tenants, including DaVita Dialysis.
OMAHA AND LINCOLN, NEB. — Johnson Capital has arranged a $50.5 million loan secured by a portfolio of 11 retail properties in Nebraska and South Dakota. The 11 neighborhood retail centers total 1.5 million square feet and are located in metro Omaha, Lincoln and Sioux City, Neb., and in Rapid City, S.D. The properties range in size from 34,388 square feet to more than 315,000 square feet. The portfolio was 70 percent leased to a diverse tenant mix at the time of the transaction. The borrower is a locally based investor and manager who began acquiring the properties in 2003. Jefferies/LoanCore provided the financing, which refinanced a CMBS loan the borrower received in 2006. While the loan did not mature until 2016, the lender accepted a substantial discount to the current loan balance. The new non-recourse, 10-year loan includes a fixed interest rate and three years of interest-only payments. Proceeds from the loan will be used to retire existing debt, cover transaction costs, pay leasing commissions and provide capital for tenant improvements. Amos Smith and Ryan Chapman, senior vice presidents in the Irvine, Calif. office of Johnson Capital, arranged the financing.
CHICAGO — Aon Corp., an insurance brokerage and consulting firm, has selected Reed Construction to complete a 375,000-square-foot renovation of its Chicago office. The project includes updating conference rooms with new aluminum and glass office fronts, the addition of new break rooms on 12 floors and new reception desks. Reed Construction will also renovate 19 private meeting rooms, 13 private offices and four pantries. Once complete, The Aon Center will also feature millwork door frames and sidelites, marble floor tile for the third-floor elevator lobby and reception area, along with new paint and carpet throughout. Reed Construction will renovate a total of 13 floors. The project is expected to be completed by February 2014. The Aon Center is located at 200 E. Randolph St. in Chicago’s central business district. Bryan Krueger, principal, and Steve Sandquist, project manager for Reed Construction, will oversee the project. IA Interior Architects is providing design services.
WICHITA, KAN. — The Opus Group has completed construction of the 36,000-square-foot statewide headquarters for the Kansas Leadership Center and conference center for the Kansas Health Foundation in Wichita. The headquarters marks the first new office building in downtown Wichita in 40 years, according to the Opus Group. The facility is designed as a flexible space, fulfilling multiple functions for the organization, including hosting conferences, group meetings, lectures and training sessions. Building features include a main atrium and stair in the center of the building with views into classrooms and other areas; a town hall on the first floor with seating for more than 200 participants; full catering kitchen; and office space for employees. Opus Design Build LLC served as the design-builder on the project, and Opus AE Group Inc. was the architect and engineer of record.
SAINT CROIX FALLS, WIS. — Marcus & Millichap has arranged the $1.8 million sale of Pine Ridge Apartments, a 32-unit apartment property in Saint Croix Falls, a city in northwest Wisconsin. Evan Miller, Dan Linnell, Josh Talberg and Jon Ruzicka, investment specialists in Marcus & Millichap’s Minneapolis office, marketed the property on behalf of the seller, a private investor. Mox Gunderson, also in Marcus & Millichap’s Minneapolis office, represented the buyer, a private investor. The sales price closed at 103 percent of the original listing price, according to Marcus & Millichap. Pine Ridge Apartments is located at 317-323 Simonson Road and features two-bedroom units and six buildings, two of which are garages.
CLARK, N.J. — Kimco Realty Corp. has purchased a 189,000-square-foot, grocery-anchored portfolio in Clark for $35.6 million. The fully occupied, three-property portfolio is located about eight miles southwest of Elizabeth and 22 miles southwest of New York City. The portfolio includes two long-term ground leases to national grocers — an 85,000-square-foot ShopRite and a 53,000-square-foot A&P Fresh Market. Other national tenants include Rite Aid and Bally Total Fitness. The properties are supported by approximately 155,000 residents with a median household income of $90,000 within three miles.
NEW YORK CITY — The Charles, a new 27-unit condominium development in Manhattan, is underway. Designed by Ismael Leyva Architects and developed by Bluerock Real Estate LLC, the 31-story, 104,000-square-foot project is located at 1355 First Ave. on the Upper East Side. The building will include 27 full-floor residences with up to four bedrooms and feature ceiling heights ranging from nine to 12.5 feet. Victor Homes expected to complete construction on the building by late 2014. The asking price for the condos range from $5.8 million to $10 million. David Collins Studio designed the building’s interior finishes and amenities. Town Residential New Development is the marketing and sales firm for the project.
BOSTON — EagleBridge Capital has arranged $1.6 million in financing for 61-83 Braintree St. in the Brighton section of Boston on behalf of 6183 Associates. The 20,000-square-foot, two-story industrial building is located on a 30,500-square-foot parcel bordering the Massachusetts Turnpike. The building is triple-net leased to Thompson Durkee, which sells plumbing, heating and cooling equipment and supplies for home and industrial use. Brian Sheehan and Ted Sidel, principals at EagleBridge, arranged the financing