CHARLOTTE, N.C. — Consumer Programs Inc., a wholly owned subsidiary of portrait studio operator CPI Corp., has sold a 59,492-square-foot warehouse and office building and two land parcels in Charlotte to Worldwide Ventures Inc. for $1.6 million. The property is located at 11001 Park Charlotte Blvd. Warren Snowdon and David Hanna of Cushman & Wakefield/Thalhimer represented Consumer Programs, and Lawrence Shaw of Colliers International represented Worldwide Ventures.
BROOK PARK, OHIO — Philips Edison — ARC Shopping Center REIT has acquired Brook Park Plaza, a 157,459-square-foot shopping center in Brook Park, a suburb of Cleveland, for $10 million. The center is 87 percent occupied and anchored by an 82,000-square-foot Giant Eagle grocery store, which has a fuel station.
REYNOLDSBURG, OHIO — National Net Lease Realty has arranged the $4.8 million sale of a net-leased Walgreens property in Reynoldsburg. The 15,120-square-foot store was built in 2000 and is situated on 1.9 acres. Walgreens has eight years remaining on its lease, with an additional eight, five-year options to renew at the same rental rate. Terry Marks of National Net Lease Realty represented the buyer, Reynoldsburg WAG LLC, in the transaction. Transwestern Real Estate represented the seller, Reynoldsburg-W Investment LLC.
KANSAS CITY, MO. — Love Funding has arranged a $20 million loan to rehabilitate a historic building in downtown Kansas City, which will be converted into a 130-unit apartment building. Holly Bray of Love Funding secured the financing through the U.S. Department of Housing and Urban Development's 221(d)(4) loan insurance program. The borrower is Landwhite Developers LLC. The property is located at 323 W. 8th St. and was built in 1910 by the Burnham Munger-Root Dry Goods Co. The eight-story building was used to make a range of rubber products for decades, before it was renovated into office space in 1980.
SAGINAW, MICH. — Party City has signed a lease for 13,874 square feet at Saginaw Square at Bay and Tittabawassee roads in Saginaw. Adam Goodman, Brad Rosenberg and Tony Schmitt of Mid-America Real Estate-Michigan Inc. represented the tenant in the transaction.
NEW YORK CITY — Medidata Solutions, a clinical development solutions company, has signed a 10-year lease for 98,585 square feet at 350 Hudson St. in New York City. The company will occupy the 7th, 8th and 9th floors. Additional tenants at the building include Viacom, Horizon Media and Omnicom. The landlord, Trinity Real Estate, was self-represented by Marc Packman and Charles Laginestra. Lisa Kiell of Jones Lang LaSalle represented the tenant.
NEW YORK CITY — American Realty Capital New York Recovery REIT has purchased a 19,960-square-foot office and retail building in Brooklyn's Homecrest neighborhood for $13.2 million. The four-story building was built in 2009 and is located at 1623 Kings Highway. The property is fully occupied by Verizon Wireless, a karate studio and Interborough Development and Consultation Center. Brian Hanson of Massey Knakal represented both parties in the transaction.
SHARON, MASS. — 1-800-PACK-RAT LLC has signed a lease for 40,000 square feet at 31 Commercial St., an office and warehouse facility in Sharon. The company is a portable storage container and moving company. Cathy Minnerly and Ovar Osvald of NAI Hunneman represented the landlord, Suffolk Advisors, in the transaction. Colliers International represented the tenant.
SIMSBURY, CONN. — St. Francis Hospital has opened its seventh access center, Saint Francis Care at Simsbury, which will provide medical services to 225,000 people within a 15-mile radius of the site. The 10,000-square-foot facility, located at 30 Dorset Crossing, will include physician offices, laboratory services, integrative medicine, behavioral health and health promotions programs. The facility also includes a community room for public lectures. New England Urgent Care, another tenant at the facility, will provide treatment for non-life threatening emergencies. Keystone Cos. is the developer of the project.
TOMS RIVER, N.J. — Diversified Equities Corp. has purchased the 10,205-square-foot AAA Mid-Atlantic Car Care Center in Toms River for $3.2 million. Gregory Panayoti of The Goldstein Group represented the buyer in the transaction. Berkeley Capital Advisors represented the seller, HNM Toms River LLC.