GREENVILLE, S.C. — The Crown Group, a company that provides automotive coating and non-automotive services, has signed an industrial lease for 98,200 square feet at 101 Milledge Road in Greenville. Michael Greer and John Baldwin of NAI Earle Furman represented the landlord in the transaction.
POMPANO BEACH, FLA. — EMC Aerospace has acquired a 40,000-square-foot manufacturing building at 1711 Bount Road in Pompano Beach. The property is located off Coconut Creek Parkway and the Florida Turnpike, and includes 20-foot clear ceiling heights, heavy power and 88 parking spaces. Tony Hoover and Allen Lindow of CBRE represented the seller, CJJ Properties, in the transaction. They also represented the buyer.
KANSAS CITY, KAN. — Kohlberg Kravis Roberts & Co. LP (KKR) and RED Legacy have acquired the Legends Outlets Kansas City located in Kansas City for $131.5 million, according to Bloomberg. Legends Outlets Kansas City is home to nearly 100 designer and brand name stores, restaurants and entertainment venues including Saks Fifth Avenue OFF 5TH, Ann Taylor Factory Store, Brooks Brothers Factory Store, Cole Haan, Levi's Outlet, Nike Factory Store, Polo Ralph Lauren Factory Store and Under Armour. Located in Village West, the property opened to shoppers in 2006. KKR and RED Legacy plan to focus on attracting additional retailers.
ANN ABOR, MICH. – HFF has arranged a $5.3 million loan for Signature Club Apartments, a 324-unit multifamily community in Ann Arbor, Mich. HFF worked on behalf of Marquette Cos. to secure the five-year, 3.9 percent financing through Freddie Mac. Signature Club Apartments is located at 3000 Signature Blvd. near Interstate 94, south of downtown Ann Arbor. The property features one- and two-bedroom units and is 97.5 percent leased. Community amenities include a 24-hour fitness center, dry sauna, indoor hot tub, outdoor swimming pool, tennis court, sand volleyball court, barbecue and picnic area, business center, library and clubhouse. Managing director Matthew Schoenfeldt and senior real estate analyst Jason Bond of HFF represented the borrower in the transaction.
TOLEDO, OHIO — Eidi Properties has acquired two shopping centers in the Toledo area for $4.4 million. The Shoppes at Glendale is anchored by Walmart and located at 3022-2936 Glendale Ave. next to the Medical College of Ohio. The Executive MarketPlace is located at 3550 Executive Parkway and is anchored by Costco, Elder Beerman, Home Depot and Sears. The two shopping centers total 49,000 square feet.
CHICAGO —Century Aluminum has signed a lease for 16,146 square feet of office space at One South Wacker in downtown Chicago. The publicly traded aluminum maker will move its headquarters from Monterrey, Calif. to the Windy City later this year. Paul Petricca and Melissa Rubenstein of Jones Lang LaSalle completed the transaction on behalf of the building’s owner, Norfolk, Va.-based Harbor Group International, which acquired the 40-story, 1.2-million-square-foot building from TIAA-CREF in December. Michael Cello and Tim Lisy of DTZ represented Century Aluminum in the transaction.
FARMINGTON, HILLS, MICH. — Magellan Behavioral Health Inc. has extended its 8,798-square-foot office lease at 34705 W. Twelve Mile Road in Farmington Hills, a northwest suburb of Detroit. Chris Secontine and John Gordy of Signature Associates represented the landlord, Investors Warranty of America Inc., in the transaction. Magellan Behavorial Health, a long-term tenant at the building, is a division of Magellan Health services and focuses on patients with behavioral issues.
NEW YORK CITY — The Orbach Group has acquired a three-building New York City apartment portfolio, totaling 178 high-end rental units, for $70 million from Dermot Co. The three Upper West Side apartment buildings—210, 220, and 230 W. 107th Street— are located between Amsterdam Avenue and Broadway and include a mix of one-, two- and three-bedroom units. Rents range between $2,400 and $5,000 per month. The Orbach Group now owns and manages more than 1,000 apartment units in New York City and more than 5,000 units throughout its East Coast portfolio. Andrew Scandalios of HFF represented the seller in the transaction.
JERSEY SHORE, PA. — National Net Lease Realty has arranged the sale of a $3.8 million triple-net leased CVS/pharmacy property at the corner of Allegheny and Bridge streets in Jersey Shore, located about 100 miles north of Harrisburg. The 10,125-square-foot CVS store was built in 2005. CVS has 14 years remaining on its lease. Terry Marks of National Net Lease Realty represented the seller, a California-based LLC, and the buyer, a New York-based LLC, in the transaction.
EDGEWATER, N.J. — Furnishings retailer HomeGoods has plans to open its newest New Jersey location in Edgewater Harbor, a mixed-use development located about 11 miles north of New York City. The 24,000-square-foot store will anchor the 100,000-square-foot retail component of the development. Jake Frantzman of Levin Management negotiated the long-term lease. Jerry Welkis of Welco Realty represented HomeGoods in the transaction.