BETHESDA, MD. — Silverspot has signed a 50,000-square-foot lease at the 1 million-square-foot Rock Spring Centre, a mixed-use development located along Old Georgtown Road and Rock Spring Drive in Bethesda. The Peterson Cos. and DRI Development Services plan to break ground this summer on the project, which will include 549,900 square feet of office space, 210,000 square feet of retail space, the 12-screen Silverspot movie theater, a 40,000-square-foot health club, a 200-room hotel and 161 residential units. Silverspot, which is slated for completion in spring 2014, will offer a full-service cafe and bar, lounge area and concession stand. Bill Miller and Alex Walker of Transwestern represented the development team in the transaction. Mathew Focht and Sierra Group represented the tenant.
KANSAS CITY, KAN. — The Boulder Group has arranged the $1.1 million sale of a triple net-leased Dollar General property at 2272 Quindaro Blvd. in Kansas City. The 9,100-square-foot Dollar General was built in 2012 and is leased to Dollar General for 15 years. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, a high-net-worth investor from Chicago, in the transaction. A Midwest-based developer was the seller.
HARRISON TOWNSHIP, MICH. — Landmark Commercial has arranged the $4 million sale of a single-tenant retail building in Harrison Township. The building is leased on a long-term basis to West Marine, a boating accessories retailer. Daniel Kukes and Kevin Baker of Landmark Commercial represented the buyer, a non-traded REIT, in the transaction. They also represented the seller, a local developer.
EDINBURGH, IND. — M&L Storage LLC has purchased Secure Storage, a 15,920-square-foot self-storage facility in Edinburgh, for $350,000. The property is a Class B+ facility with 106 storage bays and is located at 7659 E. State Rd. 252. Mickey Hurley of Marcus & Millichap represented the seller, Secure Storage LLC, in the transaction. He also represented the buyer.
MARISSA, ILL. — Holland Construction Services has completed a new, $4.5 million industrial shop and administration building for Prairie State Generating Co. in Marissa. The 29,841-square-foot facility includes an administration area, locker rooms, a drive-through industrial shop and a 20-ton crane. The Prairie State campus in Marissa is an electric generation facility. The campus includes a 1600-megawatt plant and adjacent coal mine and is 95 percent owned by eight public power companies.
MILWAUKEE — Ministry Health Care has renewed its lease of 22,285 square feet of office space at 11925 W. Lake Park Dr. in Milwaukee. Jack Jacobson and Time Janusz of NAI MLG Commercial represented the tenant in the transaction. Westminster Funds is the landlord.
NEW YORK CITY — Naftali Group has purchased a development site at 93 3rd Ave. in Brooklyn for $6.7 million. The 15,000-square-foot site contains three contiguous, vacant lots at the corner of 3rd Avenue and Bergen Street. The new owner plans to construct an 85-unit rental building on the site. Brian Leary, Sean Kelly, Cengiz Sendogdular and Matthew Dzbanek represented the seller, Goldport Properties, in the transaction. They also procured the buyer.
KUTZTOWN, PA. — Village Square, a 39,612-square-foot retail strip center in Kutztown, has sold to a Pennsylvania-based partnership for $4 million. Village Square is located at 45 Constitution Blvd. Tenants include CVS/pharmacy and Dollar Tree. Brad Nathanson of Marcus & Millichap's Philadelphia office represented the seller, a New Jersey-based shopping center operator. He also represented the buyer.
CRANBERRY, PA. — Developers of Cranberry Crossroads will break ground on the mixed-use project on May 23. Plans call for the construction a 90,000-square-foot office building on Route 228 in Cranberry, which will include 360 parking spaces. The building is expected to be completed later this year. The developer, Elmhurst Group, also plans to build a new Dick's Sporting Goods, a GetGo Ga Station and space for additional retailers adjacent to the property. Elmhurst Group has contracted with CBRE to represent the company in the leasing of Cranberry Crossroads.
FRAMINGHAM, MASS. — Jumbo Capital Management has acquired an office building at 125 Newbury St. in Framingham for $6.4 million. The 33,700-square-foot property is located off Route 30. Doug Jacoby, Scott Dragos, Sean Ryan and Mitchell Levey represented the seller, Colony Realty Partners, in the transaction. They also procured the buyer.