MERRIMACK, N.J. — Simon Property Group has opened Merrimack Premium Outlets, a shopping center serving the Greater Boston and Nashua markets. The 410,000-square-foot center reportedly cost $100 million to construct and includes 100 outlet stores. Retailers include Ann Taylor, Banana Republic, Bloomingdale's The Outlet Store, Brooks Brothers, Calvin Klein and Coach. The property is situated on 170 acres along Industrial Drive.
ORLANDO — Orlando-based National Retail Properties Inc. has purchased six MedExpress Urgent Care centers in Pennsylvania and West Virginia for $12.9 million. The facilities were constructed in 2011 and each include new, 10-year leases. The properties include a 6,000-square-foot building at 3516 Saw Mill Run Blvd. in Pittsburgh; a 6,656-square-foot building at 1729 E. State St. in Hermitage, Pa.; a 5,747-square-foot building at 1139 Baltimore St. in Hanover, Pa.; a 5,786-square-foot building at 3876 Route 30 in Latrobe, Pa.; a 5,460-square-foot building at 6396 State Highway 819 S. in Mt. Pleasant, Pa.; and a 5,652-square-foot building at 630 Fairmont Ave. Paul Fedorko of Marcus & Millichap represented the seller, MedExpress Urgent Care, in the transaction. He also represented the buyer.
ASBURY PARK, N.J. — Gebroe-Hammer Associates has arranged two REO sales of apartment buildings in Asbury Park. A mid-rise building at 1700 Webb St. sold for $2.6 million and a complex on Washington Avenue was reacquired by a previous owner for $560,000. David Oropeza and Steven Follman of Gebroe-Hammer represented both parties in the transaction. Neither the sellers nor the buyers were identified. The 1700 Webb St. building contains 39 units and is fully occupied. The 24-unit complex at 1239, 1251 and 1311 Washington Ave. features one-bedroom units and onsite parking.
WEST ISLIP, N.Y. — Blink Fitness has signed a lease for 15,000 square feet at the South Shore Commons Shopping Center, located at 135 Sunrise Highway in West Islip. The location will be Blink's second in Long Island; the first opened in March in Melville. Jayson Siano and Stu Fagen of Sabre represented the owner, Hamilton, Kane and Martin Enterprises Inc., in the transaction. Peter Levine of Charter Realty & Development represented Blink.
NEW YORK CITY — A Central Harlem retail property leased by Citibank has sold for $3.4 million. The one-story bank branch building is located at 2481 Adam Clayton Powell Blvd. The rent is $15,000 per month. Victor Sozio, Shimon Shkury and Michael Tortorici of Ariel Property Advisors represented the seller, a private owner, in the transaction. The property was sold to a private investment group that operates multiple retail locations throughout the U.S.
NORTH ROCKWALL — KDC has commenced construction of the 16,600-square-foot Texas Health Presbyterian Hospital Rockwall, a medical facility located in North Rockwall. The facility will house two multi-physician offices, an emergency room, laboratory and diagnostic resources. Construction is slated for a late 2012 completion, and the emergency room is scheduled to be operational in early 2013. Corgan Architects designed the property and MAPP Construction is the general contractor.
DALLAS — Henry S. Miller Brokerage has arranged the sale a 130,000-square-foot former Sam's Club, located at 1900 W. NW Highway in Dallas. Dan Spika of Henry S. Miller's Dallas/Fort Worth office represented the seller, Grand Openings, in the transaction.
QUAPAW, OKLA. — CIT Group has arranged two senior credit facilities totaling $41.6 million for the Downstream Development Authority, a subsidiary of the Quapaw Tribe of Oklahoma, for the development of a 150-room hotel tower and to refinance an existing credit facility. The hotel tower will be part of the Downtown Casino Resort, located in Quapaw. CIT Bank provided the loans, and CIT Communications, Media & Entertainment served as the sole lead arranger, lead administrative agent and sold book runner for the loans.
ARCADIA, CALIF. — A 28-unit apartment building in Arcadia has sold to a limited liability company for $5.4 million. The property was built in 1959 and is located at 948-950 Arcadia Ave. Priscilla Nee of Marcus & Millichap’s West Los Angeles office represented both the buyer and the seller, also a limited liability company, in this transaction.
ALAMEDA, CALIF. — ULTA Beauty and Total Woman Gym & Day Spa have signed leases at Alameda South Shore Center. The two will occupy the former Border’s space, which is located at 2245 South Shore Center. ULTA will occupy a 10,584-square-foot ground-floor space during the first half of 2013. Total Woman will lease the 13,014-square-foot second-floor space in December 2012. ULTA was represented by Cece Vohs Cimino of Cornish & Carey Commercial Newmark Knight Frank. Total Woman was represented by Annie Jabuka and Jennifer Hibbits of Terranomics. The center’s owner, Jamestown, was represented by Julie Taylor and Stephen Rusher of Cornish & Carey Commercial Newmark Knight Frank.