Property Type

RYAN COS. COMPLETES CONSTRUCTION ON WISCONSIN MEDICAL OFFICE BUILDING

by admin February 4, 2013

MENOMONEE FALLS, WIS. — Ryan Cos. has completed construction on the new 145,000-square-foot Froedtert Health Menomonee Falls Clinic, a five-story medical office building. Located at the northeast intersection of Town Hall Road and Custer Lane in Menomonee, about 20 miles west of Milwaukee, the building will house more than 60 physicians and providers to complement the health services provided at the adjacent Froedtert Health Community Memorial Hospital. Wright Heerema Architects and Anderson Mikos Architects designed the building, which opened in December. Ryan Cos. provided design-build construction services and will manage the property.

February 4, 2013

BEECH STREET CLOSES $70M LOAN TO REFINANCE APARTMENTS IN JERSEY CITY

by admin February 4, 2013

JERSEY CITY, N.J. — Beech Street Capital LLC has closed a $70 million Fannie Mae conventional loan to refinance The Gotham, a 22-story high-rise apartment building in Jersey City. The fixed-rate loan has a 10-year term, 9.5 years yield maintenance, and a 30-year amortizing schedule. The borrower sought a cash-out refinance of The Gotham to invest in other development opportunities. The 220-unit apartment building includes six occupied commercial spaces covering more than 20,000 square feet on the ground floor and a four-story parking garage with 340 spaces. The Gotham is three blocks west of the Exchange Place PATH station and six blocks northwest of the Paulus Hook Ferry

February 4, 2013

Northeast Retail

42,176 SF FINE ARTS BUILDING IN NYC SELLS FOR $34M

by admin February 4, 2013

NEW YORK CITY — Brown Harris Steven, a luxury real estate firm, has arranged the sale of The Fine Arts Building for $34 million. Located at 232 E. 59th St. in New York City, the 42,176-square-foot building was built in 1926. Fine Arts Building LLC purchased the six-story commercial property. Howard Morrel of Brown Harris Stevens represented the buyer in the deal. The seller was Battaglia Realty LLC.

February 4, 2013

Multifamily Northeast

TRYKO PARTNERS PURCHASES MULTIFAMILY PROPERTY FOR $16.1M

by admin February 4, 2013

CAMDEN, N.J. — Brick, N.J.-based Tryko Partners LLC has purchased The Crestbury, a 392-unit apartment building, for $16.1 million. Built in 1950, the multifamily property features one- and two-bedroom units and is situated within a few miles of bridges heading into Philadelphia. Ridge MacLaren, Andrew Townsend and Clarke Talone of Marcus and Millichap represented the buyer, Tryko Partners, and the seller, a New Jersey-based liability company, in the deal.

February 4, 2013

Multifamily Northeast

QUAIL RUN APARTMENTS SELLS FOR $7.75M IN LINDENWOLD, N.J.

by admin February 4, 2013

LINDENWOLD, N.J. — Quail Run Apartments, also known as Birchwood Gardens, has sold for $7.75 million in Lindenwold, located about 15 miles east of Philadelphia. The 216-unit apartment complex features a mix of one-and two-bedroom layouts, a swimming pool and on-site laundry facilities. Joseph Brecher and Joel Schwartz of Livingston, N.J.-based Gebroe-Hammer Associates arranged the sale.

February 4, 2013

Northeast Office

OPUS COMPLETES CONSTRUCTION OF CHURCH & DWIGHT HEADQUARTERS

by admin February 4, 2013

EWING TOWNSHIP, N.J. — The Opus Group has completed construction on a new 250,000-square-foot corporate headquarter campus for Church & Dwight Co., a manufacturer and marketer of a wide range of personal care, household and specialty products. The campus includes two 125,000-square-foot Class A, energy-efficient office buildings that are connected to allow for employee engagement. The new headquarters centralizes employees previously housed in four separate buildings. Construction began in October 2011 and was completed in late 2012. An investment group, led by Founders Properties LLC, owns the building under a long-term lease with Church & Dwight. The project cost was undisclosed.

February 4, 2013

Mixed-Use Texas

HARWOOD TO DEVELOP MIXED-USE VILLAGE IN DALLAS DESIGN DISTRICT

by admin February 4, 2013

DALLAS — Dallas-based Harwood International, a global real estate developer and investor, plans to break ground on District 1444: The Design Village, a mixed-use village located at the southeast corner of Dragon Street and Oak Lawn Avenue in the Dallas Design District. District 1444 will feature 224 apartment units, a rooftop junior Olympic pool with cabanas, views of the Dallas skyline, a fitness center, fire pits, game room, gardens and more than 46,000 square feet of retail space. An architectural team led by Laura Lleal and Ben Cortez of Harwood Design Factory LLC is designing the property. Harwood has signed three of the five restaurant spaces to lease deals and will break ground on the development in the spring. The Dallas Design District began as a post World War II collection of warehouses and has since transformed into a mixed-use residential district.

February 4, 2013

Multifamily Texas

M&M BROKERS SALE OF THE WINDEMERE IN ARLINGTON

by admin February 4, 2013

ARLINGTON, TEXAS — Marcus & Millichap has secured the sale of the 60-unit Windemere, an apartment complex located at 2003 Wesley Drive in Arlington. Nick Fluellen, Robert Denninger and Bard Hoover of Marcus & Millichap's Dallas office represented the seller, a limited liability company, in the transaction. Fluellen and Hoover also secured and represented the buyer, a private investor.

February 4, 2013

Multifamily Texas

ALLIANT CAPITAL CLOSES $6.65M MULTIFAMILY REFINANCE

by admin February 4, 2013

AUSTIN, TEXAS — Alliant Capital has closed a $6.65 million refinance loan on the 65-unit Park Terrace Apartments in Austin. Mary Dee Clancy of Alliant's Chevy Chase, Md., office originated the seven-year loan on a 30-year amortization schedule.

February 4, 2013

Retail Texas

FIESTA MART LEASES SPACE AT SUGAR CREEK VILLAGE

by admin February 4, 2013

SUGAR LAND, TEXAS — Fiesta Mart Inc. has leased 40,324 square feet of retail space at the Sugar Creek Village Shopping Center, located at 13833 SW Freeway in Sugar Land. Buster Freedman of United Equities Inc. represented the landlord in the transaction.

February 4, 2013

Newer Posts

Older Posts

Upcoming Events

Aug
25