CHANDLER, ARIZ. – Chandler Corporate Center, a 67,500-square-foot, Class A office building, has received $6.4 million in acquisition financing. The building is fully occupied by three tenants. Financing was arranged by Tim Storey and George Mitsanas of Newmark Realty Capital through a life insurance company.
FARFIELD, CALIF. – An 8,996-square-foot building in Farfield that is net leased to Beverages & More (BevMo!) has sold to a private investor for $3.1 million. It is located at 1545 Holiday Lane. The buyer was represented by Jacob Levy of Marcus & Millichap’s San Francisco office.
WASHINGTON, D.C. — Skanska USA Commercial Development Inc. and Grosvenor Americas are planning to develop a 650,000-square-foot mixed-use complex in Washington, D.C.’s Capitol Riverfront district. It will be located between M and N streets, fronted by First Street, and close to the new Washington Nationals baseball park and the Navy Yard station on Metrorail’s Green Line. Skanska USA will develop an 11-story, 224,000-square-foot office building with 11,000 square feet of ground-floor retail space, and Grosvenor Americas will develop the remainder with a mix of residential and retail space. Gensler Architects will design the office building, which is aiming for LEED Platinum certification, and Skanska USA Building will be the construction manager. McCaffery Interests will oversee construction of Grosvenor Americas’ portion of the mixed-use development.
ROSWELL, GA. — The three-story, 52,000-square-foot North Fulton Medical Plaza recently opened at 4500 Hospital Blvd. in Roswell across from the main entrance to North Fulton Hospital. Indianapolis-based Duke Realty developed, financed, owns and manages the Class A medical office building that houses North Fulton Hospital’s Pain and Spine Center and Roswell Imaging Center. The facility is set to receive LEED certification by the U.S. Green Building Council. ASD of Atlanta and Lyman Davidson Dooley of Atlanta served as the project architects and Brasfield & Gorrie’s Atlanta office was the general contractor.
FAYETTEVILLE, N.C. — The 232-unit Abbotts Park and the 124-unit Abbotts Landing, two multifamily apartment communities in Fayetteville, received $20.25 million in refinancing. Capital Advisors’ Cooper Willis arranged the 10-year loan with a 30-year amortization schedule on behalf of Abbotts Fayetteville LLC through Jefferies LoanCore LLC. The two communities include one-, two- and three-bedroom garden-style apartments built in 2006. Abbotts Park is located at 6320 Abbotts Park Rd. and Abbotts Landing at 581 Abbotts Landing Cir. in Fayetteville.
LUMBERTON, N.C. — Lumberton Lodging Associates LLC sold a 104-room Fairfield Inn, located at 3361 Lackey St. in Lumberton, to CHD Investments LLC. The hotel was built in 1994 and renovated in 2007, and it features an outdoor pool, fitness center and business center. Doug Henkel, Lewis Miller, Andy Wimsatt and Kym Halsted of the CBRE?Hotels group represented Lumberton Lodging Associates LLC in the transaction.
CHARLOTTE, N.C. — Forward Air Solutions Inc. (FAS), a national distribution network and logistics services provider, leased the entire 150,000-square-foot industrial building at 2301 Nevada Blvd. in Charlotte. FAS, which specializes in customized store delivery for retailers, healthcare distributors, publishers, the hospitality industry and other companies, is relocating its Charlotte operations from Ridge Creek Distribution Center. Boston-based TA Associates Realty owns the industrial building on Nevada Boulevard. Bill Wood of Trinity Partners, which handles leasing and property management for the property, represented TA Associates Realty in the lease transaction and Mike Bauer of Dallas-based Fischer & Co. represented FAS.
CHICAGO — Chicago-based ShopperTrak is moving its corporate headquarters to Willis Tower with a new lease of 52,450 square feet. ShopperTrak anonymously counts people, analyzes data and identifies opportunities to increase revenue for retailers, mall developers and entertainment venues. Derek Rolison and Miek Kazmierczak of U.S. Equities Asset Management represented Willis Tower in the transaction. Bill Sheehy and Dan McCarthy of Jones Lang LaSalle represented the tenant. Willis Tower has completed more than one million square feet of leasing activity in 2012, including the addition of United Airlines' corporate headquarters.
JOLIET, ILL. — Marcus & Millichap has arranged the $1.7 million sale of Glenwood Apartments & Townhomes, a 30-unit property in Joliet. The property consists of five six-unit buildings adjacent to Provena St. Joseph Medical Center. James Clough of Marcus & Millichap represented the seller, a local apartment owner, in the transaction.
WOODRIDGE, ILL. — Allstate Insurance Co. has renewed its lease for 94,233 square feet at 9022 Heritage Parkway, a Class A office building in Woodridge. Dan O'Neill and Jud Henry of NAI Hiffman represented the landlord, Oak Realty Group, in the transaction. Tom Hollinden and Mike Cummings of Colliers International represented AllState.