ST. LOUIS — Cassidy Turley has opened a new 13,000-square-foot office in downtown St. Louis. Currently, the commercial real estate services firm has seven offices located throughout St. Louis and St. Charles County. The recently renovated office building, located at 600 Washington Ave., will expand the company’s physical presence within the city. The new office will accommodate 30 employees.
NEW YORK CITY — Hudson Realty Capital LLC has funded a $21.7 million first-mortgage loan secured by a newly constructed, eight-story mixed-use building in Queens. Proceeds from the loan will be used to pay off an existing mortgage and market the condominiums in the building. The property includes 82 one-, two- and three-bedroom condominium units, 15 community-space units, eight ground-floor retail units and 60 parking spaces. Amenities at the property include a fitness center, a multi-purpose room and a storage room. Located in the primarily residential neighborhood of Woodside, the building is six blocks from the nearest subway and three blocks from the on-ramp to the Brooklyn-Queens Expressway. The borrower has developed more than 60 properties — including hotels and residential and commercial assets — throughout the New York City area.
SECAUCUS AND MILLBURN, N.J. — G.S. Wilcox & Co. has arranged $15.9 million in financing for two industrial properties in Secaucus and one mixed-use property in Millburn. Great West Financial provided the two Secaucus loans totaling $6.5 million for Hartz Mountain. The loans were secured by a 61,220-square-foot warehouse located at 125 Seaview Drive and a 58,736-square-foot warehouse at 140 Seaview Drive. Genworth Financial provided the third loan for Fidelco. The $9.4 million loan was secured by a 91,722-square-foot mixed-use property located at 225 Millburn Ave. in Millburn. Gretchen Wilcox, president, and Al Raymond, principal, at G.S. Wilcox & Co. arranged the loans.
UNION CITY, N.J. — Gebroe-Hammer Associates has arranged the $6 million sale of an apartment/office property in Union City, about 10 miles northwest of Newark. The sales price translates to 180,000 per apartment unit. The mixed-use property includes 34 apartment units and one office unit and is located at 812 New York Ave. Nicholas Nicolaou, vice president at Gebroe-Hammer, represented the seller and the buyer, both private investors, in the transaction.
MILLVILLE, N.J. — CBRE Group Inc. has completed the $1.3 million sale of a 8,640-square-foot, net-leased building in Millville, located in southeast New Jersey. Dollar General occupies the building, which is located at 1406 N. High St., under a long-term lease. Elli Klapper and Charles Berger of CBRE’s Private Capital Group represented the seller, a private investor.
DALLAS — HFF has arranged the sale of a 14-building, 1.4 million-square-foot industrial portfolio in Dallas on behalf of Cobalt Capital Partners LP. The property, which is 96 percent leased to 28 quality tenants with an average remaining term of six years, was originally purchased by the seller between 2003 and 2007. HFF’s Randy Baird, Jud Clements and Robby Rieke represented the locally based Cobalt in the transaction.
LEWISVILLE, TEXAS — Kroger and retail development services leader Cencor Realty Services have revealed plans for a Kroger Marketplace-anchored community/regional-draw center to be located at the southwest corner of SH-121 and Josey Lane in Lewisville. Of the development’s 350,000 total square feet, the Kroger Marketplace, which will offer furniture, housewares, small appliances and more alongside the traditional grocery items, will occupy 123,000 square feet. Retail shops will account for the remaining space, and additional footage will host freestanding, small-shop and restaurant renters. Cencor’s sister company, the Weitzman Group, will handle the leasing of the development.
FARMERS BRANCH, TEXAS — A Miami-area private investor has purchased Maxim Integrated Products Inc.’s fully leased, six-tenant flex building at 14540 E. Beltwood Parkway in the north Dallas suburb of Farmers Branch. The property is the fourth-to-last to be sold of the 13 buildings on 1.3 acres originally built by Maxim in 1979, before the company’s relocation north of LBJ Freeway. Cornerstone Assembly Church and North Dallas Fencers Club are among the property’s current tenants. Bradford Commercial Real Estate Services’ Leigh C. Richter represented Maxim in the deal, and Callahan Properties’ Rick Callahan represented the buyer.
SAN ANTONIO — Global web infrastructure and cloud-hosting provider PEER 1 Hosting has signed a 10-year lease for 25,000 square feet in San Antonio’s Pearl neighborhood. The impending move to the new space will more than quadruple PEER 1’s space and provide employees easy access to Pearl’s restaurants, parks and entertainment. PEER 1, which is headquartered in Vancouver, B.C., specializes in managed hosting, dedicated hosting and collocation and has about 540 employees worldwide.
GLENDALE, CALIF. – A 105,848-square-foot cold-storage warehouse that is occupied by Sprouts Farmers Market’s Southwest U.S. Distribution Warehouse has sold to WAM Glendale L.P. for $9.2 million. The warehouse is located at 5445 W. Missouri Ave. Sprouts is the only tenant at the facility. The grocer had been at the facility for 10 years. It recently renewed for an additional 10-year term. Marc Bonilla of Colliers International in Greater Phoenix represented both the buyer and the seller, FBL LLC, in this transaction.