ONEIDA, TENN. — Atlanta-based Blanchard Real Estate Capital has acquired a 151,980-square-foot Walmart Supercenter in Tennessee. The shopping center is located at 19710 Alberta St. in Oneida, situated approximately 60 miles northwest of Knoxville. The seller and the acquisition price were not disclosed.
PLANTATION, FLA. — Grandbridge Real Estate Capital has arranged a $9 million first mortgage for 1250 Pine Island, a 52,424-square-foot, Class A office building located in Plantation. The loan, which was provided by a regional bank, carries a fixed interest rate and a 25-year amortization. Philip Carroll and Michael Balan of Grandbridge’s Miami office originated the financing on behalf of the undisclosed borrower.
COLUMBUS, OHIO — The 1.7 million-square-foot Easton Town Center in Columbus will add eight new tenants to its lineup by August. The expansion will bring retailers Janie and Jack, Art of Shaving, Swim 'n Sport, Paper Source, Zales Jewelers, See's Candies, Free People and Styleout Bar to the center. Within the past month, Easton Town Center has opened 16 new stores, including the state's first American Girl location. The Georgetown Co. and Steiner + Associates co-developed the center, which opened in June 1999. The open-air project also featured pedestrian-friendly streetscapes, gathering space, fountains and parks for children.
CHICAGO — Mattress retailer Sleepy’s has signed leases at two shopping centers in the Chicago area as the New York-based retailer expands into the Midwest market. Sleepy’s signed a lease for 6,075 square feet at Cicero Annex in Chicago, and 6,507 square feet at Willow Creek Center in Glenview, located about 18 miles north of Chicago. The Chicago location plans to open later this summer, and the Glenview store recently opened. Sleepy’s Inc. is a privately-owned, fourth-generation company with more than 900 mattress showrooms in 15 states, spanning from Maine to North Carolina, selling nationally through its website. Jeff Kuchman, Dan Tausk, Greg Bayer and Willie Hoag of Oakbrook Terrace, Ill.-based Mid-America Asset Management Inc. represented Sleepy’s in the lease transactions.
WEST DES MOINES, IOWA — Rocket Transfer Lofts, a 58-unit, $8 million multifamily property located south of MLK Jr. Parkway in downtown Des Moines, has opened at full occupancy. Hubbell Realty Co. developed the historic property, which opened for occupancy June 30. Rocket Transfer Lofts features one- and two-bedroom lofts that include exposed wooden beams and brickwork, with contemporary paint schemes and fixtures. The lofts also feature high ceilings, large windows with city views, in-home washers/dryers and open kitchen and living areas. The community provides amenities, such as a community room, business center, 24-hour fitness center, cinema with surround sound, rooftop patio and on-site parking. Hubbell Construction Services built Rocket Transfer Lofts, which is managed by Hubbell Apartment Living.
OAK BROOK, ILL. — General Growth Properties (GGP) has secured three lease renewals totaling 9,128 square feet of office space at its Oak Brook East Building in Oak Brook. Estatax renewed 4,107 square feet, Edelstein & Chamberlin renewed 2,650 square feet and Lakeside Energy LLC renewed 2,371 square feet. The 104,725-square-foot building is located at 1200 Harger Road at Oak Brook Center. The building currently has 65,000 square feet available for lease ranging from 1,971 to 12,588 square feet. Mike Van Zandt, Brian Edgerton and Matt Novak, with NAI Hiffman’s office services group, represented GGP in all three transactions. Joel Berger and Bradford Allen, also of NAI Hiffman, represented Estatex. Benjamin Cooper and William Main of CBIZ Gibraltar represented Edelstein & Chamberlin.
NEW YORK CITY — CenterSquare Investment Management Holdings Inc. and Ivy Realty have sold Crossroads Corporate Center and Crossroads Executive Center, two multi-building office parks in Long Island. Matrix Realty Corp. acquired the properties, adding 400,000 square feet of office space to its portfolio. Located in Hauppauge, Crossroads Corporate features 215,000 square feet in three single-story structures and one four-story building. Crossroads Executive includes nine single-story buildings accounting for an aggregate 185,000 square feet. Colliers International marketed the office portfolio on behalf of CenterSquare and Ivy.
NEW YORK CITY — Two adjacent mixed-use buildings located at 1160-1162 First Ave. in Manhattan’s Upper East Side neighborhood have sold for $13.2 million, or $770 per square foot. The five-story buildings span 16,850 square feet and include two retail stores occupied by 7-Eleven and Lunetta Pizza, and 16 residential units. Guthrie Garvin of Massey Knakal represented the buyer and the seller, both private investors, in the transaction.
NEW BRITAIN, CONN. — Chozick Realty Inc. has arranged the $4.7 million sale of Campus View Apartments, located at 1300-1412 East St. in New Britain, about nine miles southwest of Hartford. Campus View Apartments is a 63-unit student apartment complex located at the entrance to Central Connecticut State University. Steve Pappas of Chozick Realty marketed the property on behalf Campus View Apartments LLC and procured the buyer, Trinity Property Group LLC.
REHOBOTH BEACH, DEL. — Unfinished Business has opened its 2,190-square-foot community thrift shop at 18389 Olde Coach Drive in Rehoboth Beach, located about 18 miles east of Georgetown. The store provides used clothing, furniture and household items at discounted prices. Ann Bailey CCIM, lead broker in NAI Emory Hill’s Lewes office, represented the landlord, Colonial East LP, in the transaction.
