PORTLAND, ORE. — Goodwill Industries of Columbia Willamettehas purchased a 173,395-square-foot industrial building in Portland for $12.6 million. The facility is located at 5950 NE 122nd Ave. Goodwill plans to occupy the building. This new hub will allow it to serve the Gresham, Halsey, Sandy, Powell, Clackamas, Woodstock, Hood River and The Dalles Goodwill stores. The building was previously occupied by Qwest. Goodwill was represented by David L. Ellis of Capacity Commercial Group/CORFACand Dan Bozich of Urban Works Real Estate.The seller, 5950 NE 122nd Ave, LLC, was represented by Don Ossey, Robbie McEachern and Mitch Page, also of Capacity/CORFAC.
CLERMONT, FLA. — Plaza Advisors has brokered the sale of Clermont Crossings at Lost Lake, a 149,698-square-foot shopping center located in Clermont, a suburb of Orlando. The property was 91 percent leased at the time of sale. The property includes a 11,254-square-foot strip center tenanted by Jimmy Johns and Flippers Pizzeria. Commons at Twin Lakes Associates LLC purchased the shopping center from KMH LLC. Jim Michalak and Mike Cvetetic of Plaza Advisors represented the seller in the transaction.
CHARLOTTE, N.C. — The Connor Group, a real estate investment firm based in Ohio, has purchased The Retreat at McAlpine Creek, a 400-unit apartment community in south Charlotte. The apartment community is The Connor Group’s third multifamily acquisition in the Charlotte area, which it entered in 2011. The Retreat is located near Quail Hollow Club, site of the 2017 PGA Championship. The apartment community features two pools, a 24-hour fitness center and tennis and basketball courts.
VIRGINIA BEACH AND CHESAPEAKE, VA. — CBRE | Hampton Roads has arranged $42.9 million in long-term, non-recourse financing for five multifamily communities in the Hampton Roads area of Virginia. The five properties, all owned by Clark Whitehill Enterprises, include Windsor Lake Apartments, South Lake Apartments and Shoreline Apartments in Virginia Beach, as well as Phases I and II of Greenbrier Woods Apartments in Chesapeake. Clark Whitehill owns and manages approximately 1,500 multifamily units in eight apartment communities. John Richards of CBRE arranged the financing through an unnamed life insurance lender.
LANHAM, MD. — Greystone has provided $15.9 million in Fannie Mae DUS financing for Whitfield Towne Apartments, a 322-unit apartment community located in Lanham. Andrew Ellis of Greystone originated the loan. The borrower, Rockville, Md.-based Avis-R Co., will use $2.4 million from the loan for capital improvements. Marc Troop of Eastern Union Commercial assisted in the transaction.
MURFREESBORO, TENN. — Dollar General Corp. has opened its 11,000th store, located in Murfreesboro, about 34 miles south of Nashville. Dollar General anticipates opening 650 new stores in 2013 and creating approximately 6,000 new jobs. The company has created nearly 30,000 new jobs since 2007.
CLEVELAND — Developer Geis Cos. and Sandvick Architects Inc. have teamed up to transform the former AmeriTrust tower and Cleveland Trust Rotunda into The Metropolitan at The 9. The $250 million hotel will be located at the intersection of East 9th Street and Euclid Avenue in downtown Cleveland. When it opens in the fall of 2014, the hotel will include 156 rooms and suites, featuring 16 custom-designed sky suites with large windows that provide panoramic views of downtown Cleveland. The project will also feature 12,000 square feet of meeting space, a Heinen’s grocery store, indoor dog park, spa and fitness center. Additional amenities include the Adega restaurant, offering Mediterranean cuisine and downtown Cleveland’s largest outdoor dining area, along with Azure Sky, which will offer the downtown’s largest rooftop bar. Geis Cos. and Sandvick Architects plan to preserve the site’s architectural features, while combining that with modern technology and design. The hotel will be affiliated with Marriott International’s Autograph Collection of more than 50 independent hotels. Geis-owned GLSD Architects is designing the project.
COLUMBUS, OHIO — The headquarters building for Columbia Gas of Ohio in downtown Columbus has sold to CC-13 LLC. The property sold for $15 million, according to Columbus Business First. The acquisition includes the 15-story, 239,532-square-foot office building and a 16,158-square-foot, 484-space parking garage, as well as the furniture, fixtures and equipment in the building and the underlying 1.9 acres. Columbia Gas of Ohio built the Class A office building in 1983 and has leased, occupied and maintained it since then. The office building includes an auditorium, fitness center, full-service cafeteria, kitchenettes, two open-air balconies and other amenities. CC-13 LLC, which is owned by Casto Partners and local attorney Robert Meyers, purchased the property from Civic Center Drive LP. Indiana, Pa.-based First Commonwealth Bank provided the financing for the acquisition. Don Roberts and George Stecz of CBRE represented both the buyer and seller in the transaction.
LAKE ZURICH — Marcus & Millichap has arranged the $1.1 million sale of Trader Joe’s Out Parcel Center, a 2,995-square-foot retail property in suburban Chicago. Sean Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap’s Oak Brook office, marketed the property on behalf of the seller, a private investor. The California-based buyer was a private individual in a 1031 tax-deferred exchange. Trader Joe’s Out Parcel Center is located at 797-799 W. Main St. in Lake Zurich. FedEx and GameStop, which both signed five-year leases in 2008, occupy the center. FedEx recently signed a five-year extension, while GameStop signed a two-year. The property is situated across from the Village Square Shopping Center, which is anchored by TJ Maxx, OfficeMax, Petco, MC Sports and Trader Joe's.
RAHWAY, N.J. —A joint venture between three New Jersey residential developers — AST Development, Sterling Properties and Heartstone Development — have started construction on Metro Rahway, a 116-unit rental community in Rahway. The project will transform a former industrial site into a transit-oriented development, which is within walking distance to shopping, dining and the Rahway train station. Situated on 1.6 acres along Campbell Street, Metro Rahway will be a four-story building with a mix of one- and two-bedroom residences featuring nine-foot ceilings and ceramic-tiled kitchens. Rahway is slated for completion by late spring 2014. The rental rates have not yet been set.