TEMPE, ARIZ. — Broadway 101, a 162,484-square-foot office campus in Tempe, has sold to GLL Real Estate Partnersfor an undisclosed sum. The Class A campus is located at 2141 and 2151 E. Broadway Road.It is 94 percent leased to tenants like MOOG/Broad Reach Engineering, Amerifirst Financial, Inc. and the Arizona corporate headquarters for Quantum Integrated Solutions.The seller, Broadway 101 Office Park,was represented by Dennis Desmond, Brian Ackermanand Dave Seegerof Jones Lang LaSalle’s Capital Markets’ team. Seeger has been the campus’ exclusive leasing broker since 2000. He is actively marketing the property’s remaining vacancies.
LAS VEGAS — McCarran Corporate Plaza, an 87,018-square-foot office property in Las Vegas, has sold to TNP Acquisitions, LLC for $10.2 million. The property is located at 5740 and 5820 S. Eastern Ave. near McCarran International Airport and the I-215 Beltway. The two office buildings were 68 percent leased at the time of sale. Notable tenants include Carrington College, United Healthcare Services and AARP. The buyer plans to hold the property as an investment.TNP was represented by Commerce TNP, LLC. The seller, P-38 Properties, LLC, was represented by Chuck Witters and Kris Watier of Lee & Associates’ Las Vegas office.
BELLEVUE, WASH. — Mission Healthcare, a 70-unit skilled nursing and healthcare facility in Bellevue, has received $10.1 million in financing. The facility is located at 2424 156th Ave. NE. It specializes in comprehensive post-operative care, long-term and respite care. It also offers outpatient and home health services. The borrower plans to use the funds to refinance existing debt on the property. The 35-year, fixed-rate financing was secured by Heidi Brunet and Rob Affleck of Berkadia Commercial Mortgage through the U.S. Department of Housing and Urban Development’s (HUD) 232/223(a)(7) program. Berkadia worked with Careage to secure the financing.
DORAL, FLA. — Richmond Heights, Ohio-based REIT Associated Estates has purchased a south Florida multifamily community. Doral West Apartments was constructed on 22 lakeside acres in the Miami suburb of Doral. The gated, class A community contains approximately 380 units in flat and townhome layouts. Units feature detached and direct-access garages. Robert Given, Zachary Sackley and Gerard Yetming of CB Richard Ellis represented the undisclosed seller.
SILVER SPRING, MD. — Regency Centers Corp. has purchased the Shoppes of Burnt Mills, a 31,316-square-foot neighborhood shopping center located in Silver Spring, for $13.6 million. Constructed in 2004, the property is anchored by Trader Joe’s. Additional tenants include Starbuck’s Coffee, Chico’s and AT&T. Regency completed the purchase in partnership with an undisclosed investor. The seller’s name was also not disclosed.
COLUMBIA, S.C. — Berkeley Capital Advisors has brokered the sale of a retail property occupied by Ashley Furniture HomeStore in Columbia for $4.9 million. Ashley occupies the property under a new 12-year, absolute net lease. Berkeley Capital’s Steve Horvath and Jay Levell represented the seller, a private partnership. The buyer was a private party completing a 1031 exchange.
MORRISVILLE, N.C. — Berkeley Point Capital has secured $25 million in Freddie Mac funds for the refinancing of Grace Park, an urban-style, multi-use property located near Research Triangle Park in Morrisville. Grace Park is a class A property that contains 128 multifamily units over retail space. Brian Kochan of Berkeley Point Capital arranged the loan, which carries a seven-year term and a 30-year amortization schedule, on behalf of a joint venture between Kalikow Group and EYC Cos.
CARROLLTON, GA. — Q10 | Professional Mortgage Co. has arranged a $12.4 million acquisition loan for McIntosh Plaza, a 161,257-square-foot retail center located at 1109 S. Park St. in Carrollton. Publix and Belk anchor the center, and Target serves as a shadow anchor. Q10’s Bryson Thomason and Trey Warren III arranged the permanent loan on behalf of the undisclosed buyer, which was completing a 1031 exchange.
CHICAGO — The Laurus Corp. has acquired the Renaissance O’Hare Hotel, a 362-suite property located at 8500 W. Bryn Mawr Ave. in Chicago, about three miles from O’Hare International Airport. The purchase price was undisclosed. Opened in 2005, the 15-story hotel sits on more than three acres and features more than 15,000 square feet of meeting space and amenities, including a fitness center, business center, pool, concierge and an airport shuttle. The hotel is situated within about 7 million square feet of Class A office space in the O’Hare submarket, which includes the Donald E. Stephens Convention Center and Allstate Arena., as well as the corporate headquarters for U.S. Cellular, True Value Hardware and Wilson Sporting Goods. Los Angeles-based Laurus is planning a $6.5 million renovation program, which will update guestrooms and corridors, food and beverage outlets and the 5,000 square-foot ballroom.
CHICAGO — Newmark Grubb Knight Frank’s Real Estate Finance Group has arranged $11.7 million in acquisition financing for Belden Centre, a 52,806-square-foot retail center in Chicago. Little GEMS International Preschool occupies 32,250 square feet of the center, which is fully leased. The borrower, a Chicago-based institutional investor, acquired the center in June for $18 million from a joint venture between Chicago-based investor James Purinton and Arlington Heights-based ACG Equities Inc. The five-year, nonrecourse loan includes one year of interest-only payments followed by a 30-year amortization schedule. Ben Greazel, senior managing director at Newmark Grubb Knight, arranged the financing between the borrower and the lender, a Chicago-based bank.