KISSIMMEE, FLA. — Greystone has originated a $6.6 million loan for Ravenwood of Kissimmee, a 185-unit affordable housing multifamily property located in Kissimmee. Andrew Ellis of Greystone's Rockville, Md., office originated the loan, which David Metzger of Eastern Union Commercial brought to Greystone through Freddie Mac. Greystone will service the loan.
COLONIAL HEIGHTS, VA. — Cushman & Wakefield | Thalhimer has arranged a 184,616-square-foot industrial lease at the Enterchange at Walthall in Colonial Heights, about 23 miles south of Richmond. Evan Magrill and Dawn Calabrese of Cushman & Wakefield | Thalhimer represented the landlord in the transaction. Central Shared Services is the new tenant.
SHOREVIEW, MINN. — Marcus & Millichap has arranged the $6.6 million sale of two net-leased buildings totaling 65,370 square feet in Shoreview, about 15 miles north of Minneapolis. The office building serves as the corporate headquarters for PaR Systems, and the manufacturing facility was built by PaR as a build-to-suit for the company’s long-term operations. Sean Doyle, Matthew Hazelton and Adam Prins, investment specialists in Marcus & Millichap’s Minneapolis office, marketed the property on behalf of the seller, a limited liability company. David Sperling and Christopher J. Zorbas, investment specialists in Marcus & Millichap’s San Diego office, represented the buyer, also a limited liability company.
OAK BROOK TERRACE, ILL. — Loyola University Medical Center has signed a new 54,000-square-foot lease at Oak Brook Terrace Medical Center in metro Chicago. The health system will expand its presence at the medical office building by adding a 10,700-square-foot primary care clinic. Construction of the project is slated for completion by November. Oak Brook Terrace Medical Center is located at 1S224 Summit Ave. in Oak Brook Terrace, about 20 miles west of downtown Chicago. Holladay Properties provides leasing and property management services for the 92,000-square-foot, two-building medical campus owned by Nashville-based HCP Inc. Jeffrey Fischer of NAI Hiffman represented Loyola in the transaction, and Brian Dolehide of Holladay Properties represented HCP. Holladay Properties is also providing construction management services for the project.
ELK GROVE VILLAGE — J.C. Anderson Inc. has completed an 8,000-square-foot office build-out for American Digital Corp. at 25 Northwest Point Blvd in Elk Grove Village. American Digital is a 25-year-old technology services company, which recently relocated its headquarters from Arlington Heights to Elk Grove Village, a northwest suburb of Chicago. The information technology company has doubled its space in order to accommodate its growth after the acquisition of two other technology firms. The firm’s new headquarters includes a conference room with audio-visual technology, an open office area and private offices. Thomas Bean was the project executive for J.C. Anderson Inc., while project manager Dan Burnette and superintendent Ryan Kingsville led the construction team. James D. Jordan Architects provided the design services, and Jason Simon of Colliers International represented American Digital in the relocation.
CHICAGO — First Property Holdings has purchased a 37,000-square-foot cooler/freezer building at 817 W. 21st St. in Chicago. The purchase price was undisclosed. Christ Panos Foods Corp., which provides products and services to area restaurants, occupies the building. Matt Rogatz of Chicago Industrial Real Estate represented First Property Holdings. Mike Senner and Vern Schultz of Colliers International represented the seller.
YONKERS, N.Y. — UOB Eagle Rock Multifamily Property Fund has purchased 90 condominiums in Yonkers for $26.5 million, or $294,712 per unit. The condominium units are located in the 163-unit Tower I at Monarch at Ridge Hill. Victor Nolletti, senior vice president of investments at Institutional Property Advisors, along with Steve Witten and Jacob Levy of Marcus & Millichap, represented the seller, Horizon at Ridge Hill LLC. Nolletti, Witten and Levy also represented the buyer in the transaction. Built in 2007, Monarch at Ridge Hill is located 11 miles from the George Washington Bridge and 16 miles from Manhattan’s Upper West Side. The mid-rise steel, concrete and glass building features luxury interior finishes and open residences with private balconies.
NEW YORK CITY — An apartment building located at 237 Henry St. in Manhattan’s Chinatown neighborhood has sold in an all-cash transaction valued at $3.3 million. The five-story walkup building spans 8,200 square feet and includes 20 rent-stabilized, one-bedroom apartments. Massey Knakal brokered the transaction.
NEW YORK CITY — KZA Realty Group Inc. (KZA) has brokered three commercial real estate deals in the Bronx for a combined total of $3.7 million. KZA represented both seller and buyer in each of the transactions. Uzi Shvut of 699 MP Realty LLC purchased a 21,850-square-foot retail strip center at 699-723 Morris Park Ave. from 699 Morris Park Avenue Corp. for $2 million. At 33 West Tremont Ave., Brightside Academy leased 7,272 square feet of daycare space and 1,500 square feet of outside play area from landlord Atlantic Development. Rent for the initial 10-year term will total $1.6 million. At 1468 Williamsbridge Road, Yonkers Contracting leased 2,500 square feet of second floor office space from landlord Bronx Home.
CLIFTON, N.J. — Glass manufacturer Pilkington North America Inc. has leased 11,000 square feet at 125 Kingsland Ave. in Clifton. The new location is one of nearly 100 Pilkington automotive glass replacement facilities in the United States. Pilkington North America manufactures and markets glass and glazing products for both the automotive and architectural markets. The new Clifton facility will serve customers in a radius of approximately 50 miles, according to Bill Waldron of Pilkington. 1913 Realty Associates owns the building at 125 Kingsland Ave. Andrew Somple of NAI James E. Hanson represented the landlord. Cushman & Wakefield represented Pilkington in the transaction.