NEW YORK CITY — A six-building portfolio of mixed-use properties in downtown Manhattan has sold for $19.2 million. The buildings include 122 Nassau St., a 5,480-square-foot property; 20 John St., a 5,952-square-foot retail property; 53 Nassau St., a 3,044-square-foot building; 8-10 Liberty Ave., a 4,900-square-foot building; and 20 Beaver St., a 6,760-square-foot building. All of the buildings, with the exception of 20 Beaver St., are situated in the epicenter of the Financial District. Bob Knakal and Nick Petkoff of Massey Knakal represented both parties in the transaction.
NEW YORK CITY — Tavros Capital Partners has secured an $18.5 million loan for its acquisition of Chelsea Muse, a 28-unit, Class A apartment property in West Chelsea. The property is located at 537 W. 27th St. and includes 18,000 square feet of retail space that is fully occupied by tenants such as Pinch Food Design and Skylight Group. Tavros plans to rebrand the property. Steven Klein led the HFF team in arranging the five-year, fixed-rate loan.
SALEM, N.H. — Linear Retail Properties has acquired Salem Park Plaza, a 37,933-square-foot shopping center at 125 S. Broadway in Salem, for $8 million. Tenants include Pier 1 Imports, Jos. A. Bank and T-Mobile. Barnes & Noble anchors the property. The acquisition marks Linear's third purchase in New Hampshire in the last month.
PLANO, TEXAS — The Medical Center of Plano, a 427-bed acute care facility located at 3901 W. 15th St. in Plano, will soon break ground on a $66 million expansion and renovation of its existing facilities. The project will include the development of its Level II Trauma Center, two additional floors totaling 56,000 square feet, addition of 68 beds in the neurosciences unit, renovation of the existing public area, updates to the exterior, new covered entranceways, renovation of administrative offices and a new 3t MRI and EP Cath Lab. Perkins+Will's Dallas office is providing architectural services. Construction is slated to begin in May 2013, with completion slated for late 2014.
THE WOODLANDS, TEXAS — The Woodlands Development Co. (TWDC), a subsidiary of The Howard Hughes Corp., has signed an agreement with H-E-B to be the anchor grocery store for the new Creekside Park Village Center, a 100-acre mixed-use development located on Kuykendahl Road between Creekside Forest Drive and Creekside Green Drive in The Woodlands. The neighborhood center will include a tree-lined park with a water feature, a 4,300-square-foot glass-walled restaurant, 52,000 square feet of retail space and 28,000 square feet of office space. Pad sites will also be available for a drug store anchor and other retail and office tenants. Jake Baker of Riverway Retail represented H-E-B in the lease transaction. Todd Edmonds and Bob Parsley of Colliers International represented TWDC. The Creekside store will be H-E-B's fourth location in The Woodlands.
SAN ANTONIO — NorthMarq Capital has secured a $39 million bridge loan for the 16-property Brass Professional Center, a 759,341-square-foot office campus in San Antonio. Major tenants at Brass include Aetna, MCNA, Santa Rosa, Harris Connect and QTC. Bryan Leonard of NorthMarq's San Antonio office and William Luedemann of NorthMarq's Houston office arranged the loan through a life insurance company lender.
BAY CITY AND HARLINGEN, TEXAS — Marcus & Millichap has arranged the sale of a 120-room Best Western in Bay City and a 70-room Hampton Inn & Suites in Harlingen. Best Western is located at 407 Seventh St. and the Hampton Inn & Suites is located at 1202 Ed Carey Drive. The Hampton Inn & Suites had a list price of $7.1 million. Michael Yu and Rahul Bijlani, senior directors of Marcus & Millichap's National Hospitality Group in Houston, represented the sellers in both transactions. A bank sold the Best Western and a limited liability company sold the Hampton Inn & Suites. Eric Guerro of Marcus & Millichap's Houston office assisted Yu and Bijlani in the sale of the Best Western. Yu and Bijlani also secured and represented the buyers. A private investor purchased the Best Western while a limited liability company purchased the Hampton Inn & Suites. Tyler Bean of Marcus & Millichap's Fort Worth office assisted Yu and Bijlani in representing the Best Western buyer.
PLANO, TEXAS — The Praedium Group and Dallas-based Price Realty Corp. has sold Estancia at Ridgeview Ranch, a 500-unit multifamily community located in Plano. A private buyer purchased the community after a 13-month holding period. The sellers stabilized Estancia at Ridgeview Ranch and improved revenues by 10.9 percent before the sale.
SEATTLE — Westlake Terry, a 320,399-square-foot, Class A office property in Seattle’s South Lake Union neighborhood, has sold to Kilroy Realty Corporation for $170 million. The two-building property is located at 320 Westlake Ave. North and 321 Terry Ave. North. It is fully occupied by tenants like Group Health Cooperative and Microsoft Corporation. Kilroy was represented by attorneys Peter Roth, Patrick Perry, Michael Cerrina, Julie Hoffman, Hadar Goldstein, Cheryl Prell of Allen Matkins Leck Gamble & Natsis. The seller, Vulcan Realty, was represented by attorney Joe Delaney at Foster Pepper PLLC. Jones Lang LaSalle acted as Vulcan’s broker.
PHOENIX — Hensley & Company has completed a sale-leaseback on its three refrigerated warehouse and distribution facilities in Arizona. The disposition was completed for $76 million. The facilities contain a total of 577,167 square feet. They are located at 4201 N. 45th Ave. in Phoenix; 2555 N. Nevada Street in Chandler; and 10201 E. Valley Road in Prescott Valley. Hensley & Co. will occupy all three properties, which were purchased by Angelo, Gordon & Co.’s net lease division. Hensley was represented by Chris Toci, Chad Littell and Jim Wilson of Cushman & Wakefield of Arizona in this sale-leaseback transaction.