FORT WAYNE — ASM Acquisition Corp. has renewed its lease for 5,050 square feet of industrial space at 611 Cross Creek Blvd. in Fort Wayne. Bill Drinkall of NAI Harding Dahm represented the tenant in the transaction.
DEDHAM, MASS. — Lucy Dedham LLC has purchased a CVS/pharmacy site at 945-947 Providence Highway in Dedham for $14 million. The property includes a newly constructed, 12,900-square-foot CVS/pharmacy, along with a Sovereign Bank branch. David Ross of NAI Hunneman represented the buyer in the transaction. Craig Barker of Boston Real Estate Advisors represented the seller, Nissan Realty.
NEW YORK CITY — SL Green Corp. has agreed to acquire 304 Park Ave. South, a 215,000-square-foot, mixed-use building in New York City, for $135 million, or $628 per square foot. A partnership headed by David Berley, chairman of Walter & Samuels Inc., was the seller. The office and retail building is located on the southwest corner of Park Avenue South and 23rd Street, directly across the street from SL Green's One Madison Avenue. The property is 95 percent leased and the lead tenant is IMG Models. Retail tenants include H&R Block, Bath & Body Works and Time Warner Entertainment. Walter & Samuels represented the seller.
PHILADELPHIA — Le Crillon Philadelphia, a 16-unit apartment building with seven retail spaces, has sold for $14.8 million. The 41,757-square-foot property is located at 105 S. 18th St., one block from Rittenhouse Square, one of Philadelphia's five original parks. The rental units are approximately $3,900 per month. Ken Wellar, Corey Lonberger and Christopher Munley of Marcus & Millichap represented the seller, a local, third-generation owner. Munley, Wellar, Londberger and Dean Zang of Marcus & Millichap also procured the buyer, a Manhattan-based retail property investor.
NEW YORK CITY — A 100,716-square-foot residential development site in Midtown Manhattan has sold for $23.5 million. The site is located between Tenth and Eleventh avenues, two blocks from the Intrepid Sea, Air and Space Museum. The property consists of 545-551 W. 48th St. and 534-542 W. 49th St. The site currently includes a parking garage, a parking lot and a repair garage. The buyer was comprised of a partnership between The Listokin family, veteran builders and Fortis Property Group which developed The Hudson, a ground-up residential condominium about 12 blocks further north. Alan Miller and David Schechtman of Eastern Consolidated represented the seller and procured the buyer in the transaction.
HOUSTON — Triple Tap Ventures, owner and operator of the Houston-area Alamo Drafthouse Cinema locations, has plans to bring two new locations to Houston in 2013. The first will open in early 2013 in the Vintage Park Shopping Village in northwest Houston. The shopping center is owned by Dunhill Partners. The second theater will be located at 2901 Louisiana St. in Houston's Midtown area on top of a three-story parking garage. The theater will feature a lobby bar with a panoramic view of Houston's skyline. In addition, Triple Tap has plans to close the older Alamo Drafthouse Cinema at West Oaks Mall this year.
IRVING — Cadence McShane Construction Co. has been selected by the Irving ISD to complete expansions at Sam Houston Middle School and Albert Farine Elementary School, both located in Irving. Sam Houston Middle School, located at 3033 W. Country Club Road, will undergo a 100,000-square-foot renovation program that encompasses 50 classrooms, a library, gymnasiums, science labs, administrative offices, art, music and theater areas. Cadence McShane is slated to complete the renovation by the beginning of fall semester. Albert Farine Elementary School, located at 615 Metker St., will undergo a 71,000-square-foot renovation, including the modernization of 52 classrooms, a cafeteria, kitchen, gymnasiums and the library. Cadence McShane will also install new perimeter fencing and landscaping and will complete parking lot upgrades at each campus. PBK is providing the architectural services for each of the assignments.
MISSOURI CITY — Barrett Health Centers has purchased a 2,621-square-foot office property, located at 4642 Riverston Blvd. in Missouri City, from Maverick Steel Enterprises. The office property will serve as a chiropractic office for Dr. Richard Barrett. Jane Holloway and Larry Indermuehle of ICO Commercial represented the buyer in the transaction. Tawnya Dornak of ICO Commercial represented the seller.
AUSTIN — Marcus & Millichap Capital Corp. (MMCC) has arranged an $11.5 million loan for the refinancing of a six-property, 2,109-unit self-storage portfolio across the State of Texas. Michael Laurencelle of MMCC's Austin office arranged the 10-year loan with a 30-year amortization schedule and a fixed rate of 5.41 percent.
MALIBU, CALIF. – The 256-unit Paradise Cove Mobile Home Park in Malibu has received a $30-million first mortgage that will be used to refinance the property. The 10-year loan is structured under Fannie Mae’s DUS Manufactured Housing Community Loan Program. It features a 3.85 percent fixed rate, 9.5 years yield maintenance and a 30-year amortization schedule. The loan was arranged for The Kissel Company by Berkeley Point Capital LLC.