SEATTLE – The 27-unit Eagle Court apartments in Seattle has sold to a private investor for $3.6 million. The community is located at 2121 East Jefferson Street. The buyer was represented by Daniel Chan and Timothy McKay of Marcus & Millichap’s Seattle office.
SAN DIEGO – An 18-unit apartment building located at 4626 Bancroft Street in San Diego has sold to Blue Corner Capital LLC for $2.2 million. The community resides within the Normal Heights neighborhood. Blue Corner was represented by Rita Lancaster-Hannah of Colliers International.The seller, Casa Del Rio LLC, was represented by William R. Anderson of ACRE.
RALEIGH, N.C. — Atlanta-based RCG Ventures has completed a Toys “R” Us and Babies “R” Us combination store in Poyner Place Shopping Center, which is adjacent to Triangle Town Center Mall in Raleigh. The project featured ground-up construction of the 59,101-square-foot build-to-suit Toys “R” Us and Babies “R” Us store under one roof. Catamount Constructors worked in conjunction with RCG Ventures.
OCOEE, FLA. — Unicorp National Developments Inc. has broken ground on the $18 million Casa Mirella Apartments, a 216-unit multifamily property located at Maguire and Roberson roads in Ocoee. The apartment complex is slated for completion in December 2013 and amenities will include seven garage buildings, a clubhouse and swimming pool. Altamonte Springs, Fla.-based Roger B. Kennedy Inc. is the construction manager and Slocum Platts Architects P.A., Winter Park is the project architect.
MEDLEY, FLA. — HFF has secured a $9.3 million construction loan for a 185,520-square-foot spec industrial development on an 8.8-acre site in Medley. The site has direct rail access on site through the Florida East Coast Railway and is close to the Florida Turnpike, Okeechobee Road, the Palmetto Expressway and Route 27. Eric Tupler, Jim Dockerty and Josh Simpson of HFF placed a three-year construction loan with a national bank on behalf of Denver-based Industrial Income Trust.
MIAMI — A six-building industrial portfolio built between 1972 and 1984 has traded for $9 million. CBRE, on behalf of the seller Sarahs Canal Co. LLC, arranged the portfolio sale to Maksanium LLC, an entity controlled by Sunrise, Fla.-based Genet Property Group. The buildings are located in the Cutler Bay area of Miami just north of the South Dixie Highway and Florida Turnpike intersection. The portfolio has 138 units and is approximately 220,000 square feet total. Tenants comprise a mixture of small, entrepreneurial businesses.
HIXSON, TENN. — Hixson Crossing, a 12,640-square-foot retail center, has sold for $3.4 million. Bob Havasi of Cooper Commercial Investment Group represented the seller, a Tennessee-based private investor, in the transaction. Hixson Crossing is located in Hixson, a suburb of Chattanooga, Tenn., and is anchored by Aspen Dental. Other tenants include Sun Tan City, Gigi’s Cupcakes, Batteries Plus, Inkredible Cartridge and Achieve Medical Weight Loss. A South Carolina-based private investment group purchased the retail property.
BOLINGBROOK, ILL. — PBD Worldwide, a privately-held fulfillment company, has renewed its lease for 105,154 square feet of industrial space at 905 Carlow Drive in Bolingbrook. The space is part of a 256,070-square-foot facility, located a block north of the I-55 & Weber Road interchange. The Bolingbrook location represented one of five warehouses operated by PBD. Other locations include Atlanta, Philadelphia, Washington, D.C., and Hong Kong. Dan Leahy of NAI Hiffman, Sean Henrick and Jason West of Cushman & Wakefield and Chris White of Cassidy Turley represented the tenant in the transaction.
OXFORD, OHIO — Morris, Smith & Feyh Inc. has arranged $2.8 million in first mortgage permanent financing for a 76-unit apartment complex in Oxford. Jeffrey Morris of Morris, Smith & Feyh negotiate the 10-year loan, which will amortize over 25 years, through a life insurance company. The borrower is Miller-Valentine Group.
KANSAS CITY, MO. — Northrop Grumman Technical Services has leased 7,950 square feet of industrial space at 1284-1288 Eisenhower Road in Kansas City. David Hinchman, Mike Mitchelson, Brian Staton, Joe Orscheln and Nicki Garrett of CBRE Group represented the tenant in the transaction. Mather Enterprises is the landlord.