COLUMBUS, OHIO — Cott Systems has inked an office lease for 17,016 square feet at 2800 Corporate Exchange Dr. in Columbus. The company is a provider of public records management and storage systems. Todd Barcus of Cassidy Turley represented the tenant in the transaction. Wayne Harer and Ken Isenbarger of Continental Realty Ltd. represented the landlord, Corporate Exchange Building IV & V LP.
NEW YORK CITY — Urban American has sold three mixed-use properties in Brooklyn for $18.1 million. The properties are located at 350 Empire Blvd. and 441 Brooklyn Ave. in Prospect-Lefferts Garden and 305 E. 34th St. in East Flatbush. The buildings encompass 157,255 square feet, consisting of 154 apartments and five commercial spaces. Bob Knakal and Michael Amirkhanian of Massey Knakal represented Urban American in the transaction. David Berger and Aaron Jungreis of Rosewood Realty Group represented the buyer, Sol Kopelowitz, a local real estate investor.
NEW YORK CITY — David Berley, chairman of brokerage firm Walter & Samuels, has purchased a boutique office building in the Flatiron District for $10 million. The 7-story building is located at 30 E. 20th St. and includes loft-like office space and two ground-level retail spaces. Ivan Hakiman of HPNY represented the seller in the transaction.
WATERTOWN, MASS. —Three new office tenants will move into the Riverworks complex, located at 480 Pleasant St. in Watertown. The Alzheimer's Association will relocate from Arsenal on the Charles in Watertown, Mass. and will use a portion of the second floor, totaling 18,737 square feet, as its regional headquarters and training facility. Sabre Hospitality Solutions will relocate from Netwon, Mass. into 11,583 square feet on the fourth floor. Education Resource Strategies (ERS) has signed a lease for 10,403 square feet on the second floor, and will relocate from One Brook Street in Watertown. Daniel Kollar, Brendan Cohn, Peter Bekarian and Keith Gurtler of Jones Lang LaSalle represented the owner, Farley White Interests, in the transaction. Robert Fitzgerald and Bill Crean represented the Alzheimer's Association. Keith Gurtler of Jones Lang LaSalle represented Saber, while Adam Meixner and Jeremy Fried of Boston Realty Advisor represented ERS.
ERIE, PA. — DDR Erie LLC has sold West 38th Street Plaza, a retail center located at 2301 W. 38th St. in Erie, for $1 million. The 96,000-square-foot property includes 78,000 square of vacant, big-box space and a vacant, 4-acre outparcel for future development. Tenants include Subway and Snap Fitness. Bob Havasi and Dan Cooper of Copper Commercial Investment Group represented DDR Erie in the transaction. The buyers were a private group from Erie.
AUSTIN — ARA has arranged the sale of the 178-unit Lantern Hill, a 1960s vintage apartment complex located at 1550/1501 Reagan Hill Dr. in Austin. The garden-style property is currently 95 percent occupied. Andrew Shih of ARA's Austin office represented the seller, a California-based investor in a 1031 exchange, in the transaction. San Diego, Calif.-based Quez Capital purchased the property, which is their second apartment acquisition in Austin. Quez is planning on replacing the roof, landscaping the property and installing a new playground. Austin-based Green Bank provided acquisition financing for the transaction.
AUSTIN — The Weitzman Group has brokered the sale of the 10,500-square-foot Sunset Plaza, a neighborhood retail center located at 8774 W. Adams Ave. in Austin. Brad Bailey and Logan Reichle of Weitzman's Central Texas office represented the seller, an Austin-based development company, in the transaction. The buyer was a Temple-based investor. Sunset Plaza is fully leased to tenants such as Anytime Fitness, Sol de Jalisco Mexican restaurant, Best Cuts and Insurance Network of Texas.
FORT WORTH — Arbor Commercial Funding has provided $11.55 million in acquisition financing for the 784-unit Ladera Palms, a multifamily property located at 4500 Campus Dr. in Fort Worth. The Fannie Mae DUS loan has a 10-year term and a 30-year amortization schedule. The property features six in-ground swimming pools, a playground, a basketball court, a fitness center and three tennis courts.
HOUSTON — HFF has arranged a $10 million refinancing for the 59,873-square-foot 610 & San Felipe Shopping Center, located at the northeast corner of Loop 610 and San Felipe Street in Houston. Robert Wooten of HFF arranged the 20-year, fixed-rate loan through Lincoln Financial Group on behalf of the borrower, 610 & San Felipe, Inc. The fully leased property is anchored by Ashley Furniture and includes tenants such as David's Bridal, Starbucks, Antone's and Jack in the Box.
HOUSTON — Avison Young has signed an agreement with Irvine, Calif.-based The Khoshbin Company to provide marketing and leasing services for two Houston office properties: the 213,777-square-foot 333 North Belt and the 181,647-square-foot Towerpark North. The North Belt property is located at 333 N. Sam Houston Pkwy. E. and Towerpark North is located at 10700 N. Freeway.