ATLANTA — Cushman & Wakefield has arranged $12.4 million to recapitalize the 208,800-square-foot Southmeadow J, a Class A industrial building located in Atlanta. Mike Ryan, Brian Linnihan, Jeff Walker and Larry Johnson of Cushman & Wakefield represented McDonald Development Co., the owner, in the recapitalization.
KANSAS CITY, MO. — Opus Design Build is constructing a new 200,000-square-foot headquarters building for Freightquote.com in Kansas City. The nation's largest online shipping broker, Freightquote is relocating to Kansas City from its current location in Lenexa. The property will be located on a 30-acre site south of St. Joseph Hospital and offer access to Interstate 435. Construction is slated for completion in June 2013. Opus AE Group is the project architect and VanTrust Real Estate is providing development services.
EAST PEORIA, ILL. — Target is opening a 135,000-square-foot store in East Peoria in March 2013. The store, located at Clock Tower Drive and West Washington Street, will be part of the 86-acre East Peoria Downtown development. The store will feature a fresh produce section, a Starbucks and a Target Pharmacy. The company plans to hire 150 to 200 employees.
AURORA, ILL. — St. Paul Lutheran Church and School has acquired a 64,064-square-foot building at 85 Constitution Drive in Aurora. The single-story facility is situated on 9.3 acres. Michael Meksto and Jim Tsevis of NAI Hiffman represented C-III in the transaction. Mary Bargielski of Prime 1 Realty represented the buyer.
LEVITTOWN, PA. — BET Investments Inc. has acquired the Chesterfield Apartments at 1338 Veterans Highway in Levittown for a reported $25 million. The 247-unit property is 96 percent leased. Unit sizes average 711 square feet and amenities include a pool, business center, fitness center and clubhouse. The seller was Home Properties.
PROVIDENCE, R.I. — Washington Trust's Commercial Real Estate Group provided a $4.8 million loan for the refinancing of The Gardner Building at 40 Fountain St. in Providence. Emanon Associates has owned the 75,000-square-foot office property for more than 20 years. The building was constructed in 1916 and originally housed the R.L. Greene Paper Co.
NEW YORK CITY — Harbor Group International has completed a $10 million renovation of 1412 Broadway and moved its New York offices to the 14th floor of the 25-story office tower. The company purchased the building in 2010 and recent upgrades include new windows, lobby, corridors and restrooms. Specter DeSouza Architects designed the project. Tenants at the property include Jones New York, One Step Up and Escada USA.
LIVERPOOL, N.Y. — Beech Street Capital has arranged a $6.4 million HUD 232/223(a)(7) loan for the refinancing of Keepsake Village at Greenpoint, a 54-bed assisted living facility in Liverpool. Joshua Rosen of Beech Street Capital originated the 35-year loan.
WILMINGTON, MASS. — Dig Safe Systems has purchased a 10,400-square-foot industrial building at 11 Upton Drive in Wilmington for $1.1 million. Micah Stubblebine of The Stubblebine Co./CORFAC International represented the seller, Miay LLC, in the transaction. Thayer Morgan of Century 21 Commonwealth Commercial represented the buyer.
FORT HOOD — The U.S. Army Corps of Engineers has awarded a design-build contract to a joint venture of Satterfield & Pontikes Construction and San Antonio-based AMG Contractors to build Operations Readiness Training Complex facilites at Fort Hood. The $38.5 million project includes a 11,237-square-foot battalion headquarters building, a 22,579-square-foot officers quarters building and two 61,116-square-foot barracks. STV will provide architectural and engineering services, and the Fort Worth District of the U.S. Army Corps of Engineers will administer the contract. The project is slated for a summer 2014 completion.