SPARTANBURG, S.C. — Vesta Equity has provided a $5.2 million bridge loan for the acquisition and renovation of the 369-unit Wildewood Apartments, located at 350 Bryant Rd. in Spartanburg. David Borge of CBRE's Orlando, Fla., office originated the 18-month loan on behalf of the borrower, Bowman Investments.
DES MOINES — The Silverman family has purchased West Glen Tower, a mixed-use property in West Des Moines for $34.5 million. The 400,000-square-foot property includes retail, office, entertainment and apartment space. The mixed-use center was completed in 2008, with three lots yet to be developed. Based on local business journal reports, its 123 residential units are 70 percent occupied but its office buildings are largely vacant. World Group Commercial Real Estate of Omaha, an affiliate of the Silverman family, will manage the property. Metonic Real Estate Services represented the Silverman family, which owns developments across the Midwest, in the deal.
INDIANAPOLIS — Carrier Corp. has renewed a 436,343-square-foot lease for its distribution facility at 710 S. Girls School Rd. in Indianapolis. Carrier is a heating and air conditioning products distributor for the building systems industries. Randy Rome, Andrew Morris and Jeremy Woods of Cushman & Wakefield's Indianapolis office, along with Andrea Hopper of Summit Realty Group's Indianapolis office, represented the tenant in the deal. The landlord is Transpacific Development Co.
DUBLIN, OHIO — U-Haul Company of Ohio has purchased a 400-unit self-storage facility at 6405 Old Avery Rd. in Dublin. The 59,000-square-foot U-Haul Moving and Storage of Dublin includes outdoor, drive-up storage plus recreation vehicle and boat storage. The purchase price and the seller were undisclosed.
NEW YORK CITY — Hidrock Realty has purchased a 6,160-square-foot development site at 133-135 Greenwich Street in Manhattan for $28 million. The site has approved design plans created by architect Costas Kondylis for the construction of a 150,000-square-foot mixed-use building. David Schechtman and Lipa Lieberman of the New York City office of Eastern Consolidated represented the buyer in the deal. Adelaide Polsinelli and Robert Khodadadian of the same office procured the buyer. Developer Sam Zell had previously bid on the site in 2010 after its Israeli owners filed for bankruptcy. They had paid $45 million at the height of the real estate boom and planned a 203-room hotel.
CAMBRIDGE, MASS. — Two apartment buildings in Cambridge have sold for $16 million. Located in Harvard Square, the 53-unit portfolio includes 48 JFK and 115 Mt. Auburn streets. The property at 115 Mt. Auburn St. is a 31-unit building, while 48 JFK St. is a 22-unit building with one retail suite. Boston Realty Advisors represented the seller, Benicon Moskow Trust. Ross Duncan of Hammond Residential procured the buyer.
ROCHESTER, N.H. — 41 Old Dover Rd. LLC has purchased a 16,650-square-foot industrial building in Rochester for $325,000. The building is located at 41 Old Dover Rd. and the new owners plan to construct an 18,700-square-foot addition to the existing building. David Choate of Grubb & Ellis/Northern New England's Portsmouth office represented the seller, the DiGovanni Family Trust, in the deal. He also procured the buyer.
SUGAR LAND — HFF has arranged the sale of the 111,675-square-foot First Colony Marketplace, a neighborhood shopping center located at 4610 Hwy. 6 S. in Sugar Land. The property is fully leased to tenants including Smoothie King, Sears Hardware, 99 Cents Only and Fitness Connection. Rusty Tamlyn and Ryan West of HFF's Houston office represented the seller, CAP First Colony, in the transaction. Fidelis Realty Partners is the buyer.
ARLINGTON — W.W. Grainger has acquired a 60,500-square-foot showroom/warehouse, located at 2251 E. Division St. in Arlington. Renee Efimoff of Arlington-based SCM Real Estate Services represented the seller in the transaction. The buyer was self-represented.
FRISCO AND SAN ANTONIO — Dallas-based UCR Investment Sales has brokered the sale of the 10,417-square-foot Starbucks & Verizon Shops in Frisco and the 13,956-square-foot Canyon Creek shopping center in San Antonio. Starbucks & Verizon Shops includes tenants such as Starbucks, Verizon Wireless, The UPS Store and Allstate. Canyon Creek includes tenants such as Navy Federal Credit Union, Scottrade, The Strand Salon, Hometown Flooring, Cigar Warehouse and Delice Chocolate. Tommy Tucker of UCR Investment Sales represented the undisclosed sellers of both properties.