WILLISTON, N.D. — Englewood Construction has broken ground on the Williston Brewing Co., a 12,000-square-foot restaurant and lounge that is attached to the 92-room El Rancho Hotel in Williston. The restaurant will include a casino, complete with video power and blackjack table, 65 flat-screen televisions, a mechanical bull, a wine room and private dining facilities with seating for 250 people. Minneapolis-based Studio M. Architects is providing architectural services.
PARMA, OHIO — Marcus & Millichap has arranged the $1.3 million sale of a 7,000-square-foot Advance Auto property in Parma. Brian Parmacek and Michael Glass of Marcus & Millichap represented the buyer, a partnership, in the transaction.
BOSTON — RLJ Lodging Trust has acquired the 275-room Embassy Suites Boston/Waltham for $64.5 million, or $235,000 per key. In 2011, the hotel underwent a $12 million renovation to convert the property from a DoubleTree Guest Suites to an Embassy Suites. The guest suites and public spaces have been significantly upgraded. The property is located next to multiple corporate office parks and two universities.
SICKLERVILLE, SCROTCH PLAINS AND WILDWOOD, N.J. — Marcus & Millichap has arranged the sale of three retail properties in New Jersey for a combined $11.7 million. The properties include 611 Cross Keys Road, a strip center in Sicklerville, that sold for $378 per square foot. Michael Lombardi, Brian Mucerino and Maz Radwan of Marcus & Millichap represented the buyer, a New Jersey-based personal trust, in the transaction. The seller was a Pennsylvania-based developer. The second property is 445 Terrill Road in Scotch Plains, which is leased to Advance Auto Parts for another 10 years. Kevin Limbert of Marcus & Millichap represented the buyer, a Chicago-based real estate fund. The seller was a Florida-based developer. The third property is 404 E. Fourth Ave. in North Wildwood, a newly built Wawa Convenience Market. Andrew Fallon of Marcus & Millichap represented the buyer, a Maryland-based investor. Brad Nathanson of Marcus & Millichap represented the sellers in the three deals.
WILMINGTON, DEL. — Emory Hill & Co. is constructing a 13,135-square-foot juvenile facility on the campus of the Department of Services for Children, Youth & Their Families in Wilmington. The single-story building will be constructed at 1825 Faulkland Road. The building will feature multipurpose meeting rooms, a therapy room, library, media center and technology center. The project is slated for completion in the fall of 2013. Emory Hill will work with BSA+A Architects and the State of Delaware on the project.
NEW YORK CITY — A five-story mixed-use building at 1624 Amsterdam Ave. in Hamilton Heights has sold for $2.5 million. The 11,835-square-foot building features eight residential units and and two commercial spaces. The property is located one block from St. Nicholas Park and the newly renovated City College campus. The new owner plans to use the vacant property for rental housing. Victor Sozio and Jesse Deutch of Ariel Property Advisors represented both the buyer and seller, both of whom are private investors.
NEW YORK CITY — Simone Development Cos. has signed three new tenants at the Throggs Neck Shopping Center project, currently under construction in the Ferry Point section of the Bronx. T.J.Maxx has signed a 28,417-square-foot lease, Abblebee's has signed a 6,640-square-foot lease and MetroOptics Eyewear has signed a 4,131-square-foot lease. The Throggs Neck Shopping Center is scheduled for completion in 2014 and will consist of more than 285,000 square feet of stores and restaurants on two levels. Simone Development, Aaron Malinsky and Paul Slayton are developing the property, which will be anchored by a 165,000-square-foot Target.
NORTHLAKE AND ARGYLE — Hillwood Communities, in partnership with Realty Capital, has begun construction on Harvest, a 1,000-acre, mixed-use master-planned community located in Northlake and Argyle. The community is being developed with an urban agrarian focus. To celebrate the groundbreaking, Ross Perot, Sr. drove a truck that moved the historical Fraught House, which sat on the property for 130 years. The house will be repositioned into a community center and gathering area. Phase I of the development includes 323 single-family homes built near the 12-acre Harvest Lake, community pools, hike/bike trails, amphitheater, community farm, community center, playgrounds, parks, an event center and practice fields. Upon completion, Harvest will include 3,000 single-family homes, commercial properties, an elementary school and a middle school.
MANSFIELD — Marcus & Millichap has arranged the sale of the 64-unit Tanglewood, a garden-style apartment complex located at 1301 E. Dallas St. in Mansfield. Nick Fluellen and Bard Hoover of Marcus & Millichap's Dallas office represented the buyer and seller, both limited liability companies, in the transaction.
EULESS — HFF has secured $32.08 million in acquisition financing for the 436-unit Stoneleigh at Bear Creek, a Class A multifamily community located at 1401 Highway 360 adjacent to the Dallas Fort Worth International Airport in Euless. The property was constructed in 2004 and is 97 percent occupied. The property features amenities such as two resort-style swimming pools, a business center, billiards room, fitness center, heated spa, poolside gazebo, picnic area, barbecue grills, open-air cabana, extensive concierge services, covered parking and a laundry facility. John Brownlee of HFF arranged the seven-year loan through Freddie Mac on behalf of the borrower, Pure Multi-Family REIT. Proceeds from the loan were used to acquire the property.