WASHINGTON, D.C. — J Street Cos. has represented Saints Constantine and Helen Greek Orthodox Church in the sale of its church and school building at 4115 16th St. in Washington, D.C., to Iglesia Ni Cristo (Church of Christ) for $9.2 million. Saints Constantine and Helen Greek Orthodox Church plans to build a new church in Silver Springs, Md. Andy Wolf of J Street Cos. and Tony Lofrumento of Summit Commercial represented the sellers, and Arlene Fernandez of Allison James Estates & Homes represented Iglesia Ni Cristo.
HERNDON, VA. — Navy Federal Credit Union, the world’s largest credit union, has signed an 80,582-square-foot lease at 12851 Worldgate Dr. in Herndon. The entity’s membership includes all U.S. Department of Defense (DOD) military personnel, civilians and contractors, other U.S. personnel assigned or stationed at DOD installations and family members. Gene Martin and Damon Rothman of The Ezra Company represented Navy Federal Credit Union. Oak Brook, Ill.-based Inland American Real Estate Trust owns 12851 Worldgate Dr., which is part of the fourbuilding, 322,325-square-foot Worldgate Plaza complex.
FORT LAUDERDALE, FLA. — 110 Tower, a LEED Gold-certified Class A office building located in downtown Fort Lauderdale, was named Renovated Building of the Year at the BOMA Fort Lauderdale/Palm Beaches 2012 TOBY Awards. 110 Tower’s comprehensive $15 million interior and exterior renovation program included upgrades to the ground-floor lobby, renovated ground-floor retail space and common areas. Dallas-based GenCap Partners owns the office property and Transwestern manages it.
OAK LAWN, ILL. — Irgens has completed the Little Company of Mary Outpatient Care Center, located at 6700 W. 95th St. in Oak Lawn. The 50,000-square-foot facility will house several outpatient services including immediate care, diagnostic imaging and lab. After purchasing the site on 95th Street, Little Company of Mary Hospital retained Irgens to develop the new ambulatory care center. Krusinski Construction Co. served as the general contractor while PFB Architects provided design services.
HUDSON, OHIO — Hudson Business Park LLC has acquired a $3.1 million industrial facility from Duro Bag Manufacturing Co., the largest manufacturer of paper bags for grocery, food service and pharmacy. The 147,000-square-foot facility is located at 486 Baer Road in Hudson. Stephen Bove and Laurence Bergman of NAI Bergman and Steve Nilsson of Colliers International represented the seller in the transaction. Sandy Barin of CBRE Group represented the buyer.
SOUTH BEND, IND. — Garrison Investments has acquired a 538,500-square-foot distribution building at 1902 W. Sample St. in South Bend. The property was formerly used by a Massachusetts-based retailer for storage and distribution of merchandise. Built in 2005, the single-story building includes 24,500 square feet of air-conditioned office space and 88 dock doors. The building is approximately two miles from U.S. Highway 31/20. Binswanger represented both parties in the transaction.
MOORESTOWN, N.J. — Mack-Cali Realty Corp. has sold Moorestown Corporate Center on Strawbridge Drive in Moorestown for $19.9 million. The three buildings total 222,258 square feet and are 61.4 percent leased. A fund sponsored by Keystone Property Group acquired the property. Jerome Kranzel and Douglas Rodio of Jones Lang LaSalle represented Mack-Cali in the transaction.
TORRINGTON, CONN. — Fantini & Gorga has arranged a $4.3 million loan for a freestanding Walgreens in Torrington, which was acquired by a private real estate investment group from California. Casimir Groblewski of Fantini & Gorga negotiated the loan through a Connecticut-based savings institution. The 15,120-square-foot Walgreens opened in 2001. It is located on the corner of State Routes 4 and 202.
PARSIPPANY, N.J. — Meridian Capital Group has arranged a $16.7 million loan for the Parsippany Gardens multifamily portfolio in Parsippany and a mixed-use property located at 139 Essex St. in New York City. Parsippany Gardens includes five, two-story buildings totaling 124 units, located at 380-388 Parsippany Road. Judah Hammer of Meridian negotiated the $12.8 million new mortgage loan, which carries a seven-year term. Hammer also arranged a $3.8 million acquisition loan for an 18-unit mixed-use building. The three-year loan features an interest rate of 3 percent.
BERKLEY HEIGHTS AND FORKED RIVER, N.J. — Marcus & Millichap has arranged the $1.4 million sale of a fully occupied 5,734-square-foot retail property in Berkley Heights. Michael Lombardi of Marcus & Millichap represented the seller, a local private investor. Nat Gambuzza and Lauren Federgreen of Marcus & Millichap represented the buyer, a local investor. The company also arranged the $887,500 sale of a Wendy's ground lease in Forked River. The 2,9100-square-foot property is located at 301 Route 9. Preet Sabharwal of Marcus & Millichap represented the seller, a Connecticut-based developer. They also represented the buyer, a local private investor.