NEW YORK CITY — HFF has closed the $35 million sale of a 9,875-square-foot development site in Manhattan’s Hudson Yards neighborhood. HFF worked on behalf of the seller, a subsidiary of Lehman Brothers Holdings Inc. New York-based real estate developer David Marx purchased the land parcel, located at 448-452 11th Ave. and 556 W. 37th St. Andrew Scandalios and Jose Cruz, senior managing directors, and Jeffrey Julien and Kevin O’Hearn, managing directors, led the HFF team representing the seller.
LIVINGSTON, N.J. — Marcus & Millichap has arranged the $6.3 million sale of a 38,864-square-foot office property in Livingston. David Kelso, an associate director at Marcus & Millichap, marketed the property on behalf of the seller and represented the buyer in the transaction. The office building is located at 301 S. Livingston Ave. and is within walking distance to area amenities, including restaurants, dry cleaners and Kings Supermarket.
CHELMSFORD, MASS. — The RAM Cos. has acquired a 91,476-square-foot office/lab property in Chelmsford, located about 30 miles northwest of Boston. The purchase price was undisclosed. Medical device company Arrow Interventional Inc., a wholly owned subsidiary of Teleflex Inc., fully occupies the property. Renovated in 2013, the building is situated on 5.7 acres at 16 Elizabeth Drive.
HOUSTON — NAI Houston has brokered the sale of a 302,800-square-foot industrial property at 6501 Navigation Blvd. in Houston’s Downtown Eastside Industrial submarket. The building, a warehouse facility situated on 21.5 acres, houses multiple tenants. Clay Prichett of NAI Houston represented the buyer, Quasar Navigation LTD. Jim Foreman and Beau Kaleel of Cushman & Wakefield represented the seller, GSL Navigation SUB 34 LLC.
MESQUITE, TEXAS — ARA has brokered the sale of Trinity Place Apartments, a 267-unit, Class B multifamily community in Mesquite, a suburb approximately 12 miles east of downtown Dallas. The apartments, which average 987 square feet each, were 92 percent occupied at the time of the sale. Originally constructed in 1985, the property features elevators in each of its residential buildings. Richard Furr, Brian O’Boyle Sr. and Brian Murphy of ARA marketed the asset on behalf of the seller, the name of which was not disclosed.
DALLAS — SkyWalker Property Partners has acquired the historic Hughes Brothers Candy Factory property, located at 1401 S. Ervay St. in Dallas. Acting on behalf of the Hangover Opportunity Fund, SkyWalker plans to invest approximately $3.2 million into the conversion of the facility into apartments. The five-story building totals 7,000 square feet in The Cedars, one of the city’s oldest neighborhoods. Theron Bryant of SCM Real Estate Services brokered the transaction. Frieda Bosh, mother of Miami Heat forward and Dallas native Chris Bosh, was the seller.
CEDAR PARK, TEXAS — Cadence McShane Construction Co. has completed Scottsdale Crossing Building One, a speculative light industrial/office flex property totaling 27,500 square feet in Cedar Park, approximately 20 miles north of Austin. Located at 5900 Highway 183-A, the property is part of developer TIG Real Estate Services’ larger Scottsdale Crossing Commerce Park development. Built for a single or multiple tenants, the single-story facility features a tiltwall panel exterior, overhead dock doors and aluminum windows. Studio 8 Architects, based in Austin, provided architectural services for the project.
UNION CITY, CALIF. — The former Chronicle Printing Plant in Union City has sold to Westcore Properties for an undisclosed sum. The plant is located at 1550 Pacific Street. The building will be demolished to make way for a 300,000-square-foot manufacturing and distribution redevelopment that will cater to food production and distribution. Westcore was represented by Kevin Hatcher, Mark Maguire and Greig Lagomarsino of Colliers International in Oakland. The seller, Hearst Communications, was represented by John McManus and Andrew Briner of Cushman and Wakefield.
LOS ANGELES – The eight-unit Brockton Regency in Los Angeles has sold to the Gleitman Family Trust for $3.3 million. The community is located at 1251 Brockton Ave. It was built in 1986. Paul Kenworthy of Charles Dunn represented both the trust and the seller, Dr. Patrick Shoon Shiong, in this all-cash transaction.
LAKEWOOD, COLO. – A trio of apartment buildings located on Allison Street in Lakewood have sold to an unnamed buyer for $1.7 million. The communities are located at 1160, 1180, & 1198 South Allison Street. They comprise a total of 19,656 square feet, and all three were built in 1962. The buyer was represented by Matt Lewallen and Kevin Calame of Pinnacle Real Estate Advisors. The unnamed seller was represented by Matt Ritter, also of Pinnacle.
