ALSIP, ILL. — Plastipak Packaging has renewed its lease for 204,586 square feet in Alsip, located 19 miles south of Chicago. The facility, located at 12301-12325 South Laramie Ave., includes 4,500 square feet of office space and 24 exterior docks with rail service. Steve Connolly of Nai Hiffman represented the landlord, DCT Industrial Trust, in the transaction.
FORT WAYNE, IND. — Dollar General has signed a lease for 9,240 square feet of retail space at 6414 E. State Blvd. in Fort Wayne. Russ Jehl and Stan Phillips of NAI Harding Dahm represented the landlord, Georgetown Members, in the transaction.
FLORENCE, N.J. — NFI Real Estate has broken ground on a 526,050-square-foot distribution and training center for Subaru of America in Florence. The project is under construction at NFI Park at Florence Crossing, located at 2020 Route 130 North. It is less than a mile from the New Jersey Turnpike and Pennsylvania Turnpike extension. The building is expected to be completed by June 1, 2013.
HOBOKEN, N.J. — Argo Real Estate has secured a $16 million loan from Sovereign Bank to finance a ground-up apartment development in Hoboken. Argo has entered a joint venture with Alpine Development to construct 59 loft-style apartments at 1400 Clinton St. Amenities will include private roof decks, a children's playroom, fitness center and on-site parking for all tenants.
NAUGATUCK, CONN. — Trowbridge LLC has acquired Trowbridge House Apartments at 38 Highland Ave. in Naugatuck for $1.8 million. The 33-unit complex was constructed in 1970 and apartments range in size from 650 to 950 square feet. Steve Pappas and Tom Boyle of Chozick Realty represented the seller, Limerick Properties, in the transaction. They also procured the buyer.
WILMINGTON, DEL. — Centerline Capital Group has arranged a $6.8 million loan for the acquisition of Haverford Place Apartments in Wilmington. The borrower is Haverford LLC. The 132-unit property was built in 1963 and consists of six, three-story buildings. The complex is 93 percent occupied. The 10-year loan carries a 3.9 percent interest rate.
COLLEGE STATION AND MARBLE FALLS — Duke Realty plans to develop two medical office buildings in College Station and Marble Falls for Scott & White Healthcare. Duke will develop a three-story, 66,500-square-foot Scott & White Specialty Care Clinic at the Wayne & Eileen Hurd Regional Medical Center at the intersection of U.S. Highway 281 and State Highway 71 in Marble Falls. The facility will house multiple primary care, urgent care and specialty/diagnostic clinics. Duke will also develop an adjacent 60-bed hospital. In addition, Duke will also develop a four-story, 120,000-square-foot College Station Clinic at the campus of a planned 143-bed acute care hospital at the intersection of State Highway 6 and Rock Prairie Road in College Station. The hospital will house OB/Gyn services, general surgery, orthopedic surgery, expanded rehabilitation/therapy services and a sleep center. The Marble Falls clinic is expected to open in the first quarter of 2013 and the adjacent hospital is slated for a fall 2014 opening. The College Station clinic is expected to be completed in the third quarter of 2013. Pasadena, Calif.-based Jacobs Engineering Group is designing both clinics, DPR Construction is the general contractor for the Marble Falls clinic and Kitchell Contractors is the general …
DALLAS — Greensboro, N.C.-based Bell Partners has acquired the 214-unit Alta 1900 Lofts, located in Dallas' Design District. The facility will be rebranded as Bell Design District. The amenities of the facility include a 24-hour fitness center, media center and a resort-style swimming pool with an underwater sound system. Bell has acquired more than $330 million in apartment properties in 2012. The purchase was made through Bell Apartment Funds IV.
PLANO AND FORT WORTH — Dallas-based Westmount Realty Capital has purchased the 45,805-square-foot Krona Business Park, located at 625 Krona Drive in Plano, and a 96,400-square-foot warehouse located at 1401-1424 Northpark Drive near downtown Fort Worth. The Plano facility is fully leased and the Fort Worth facility is 35 percent leased to four tenants. Westmount purchased the facilities in partnership with Tom Wiegand of Eastlake Partners.
AUSTIN — HFF has arranged the sale of the 324-unit, Class A Deerfield Apartments, located at 8700 Brodie Lane in southwest Austin. The apartment community is currently 97 percent occupied. Sean Sorrell led the HFF team to represent the seller, Nevins Adams Lewbel Schell, in the transaction. Austin-based Falcon Southwest was the buyer.