ROCK HILL, S.C. — Atlanta-based Halpern Enterprises has acquired the 50,000-square-foot Rock Hill Crossing, located at 4875 Old York Rd. in Rock Hill, from Bright-Meyers Rock Hill LP. for $8.07 million. The center is fully leased, and tenants include Dollar Tree, GNC, Verizon, T-Mobile, Shoe Show and Sports Clips. Zach Taylor and Don McMinn of Marcus & Millichap's Atlanta office represented the seller in the all-cash transaction. The buyer was self-represented.
HICKORY, N.C. — Capstone Apartment Partners has arranged the $2.22 million sale of the 97-unit Colonial House Apartments, a garden-style apartment complex located at 818 2nd St. Pl. NE in Hickory. The buyer has plans to renovate the property, including amenity upgrades and interior unit renovations. Brian Ford and Beau McIntosh of Capstone's Charlotte office represented Simaan Brothers, the seller, in the transaction.
CHARLOTTE, N.C. — Grandbridge Real Estate Capital has arranged $21.6 million in first mortgage financing for the 214-unit Morrison at SouthPark, a Class A multifamily property located at 721 Governor Morrison St. in Charlotte. Mike Ortlip of Grandbridge's Charlotte office arranged the acquisition loan through a major insurance company.
CHICAGO — Vancouver, B.C.-based real estate developer Onni Group has acquired 200 N. LaSalle, a 30-story office building in Chicago, for a reported $101 million. Younan Properties said it sold the 645,170-square-foot tower as part of its deleveraging strategy to recycle capital and strengthen its balance sheet. Stephen Livaditis and Chang Lee of the Chicago office of Eastdil Secured represented Younan in the transaction.
CHICAGO — Ascent Corp. has secured $107 million in debt financing from a lending group headed by Bank of America Merrill Lynch. The funds will be used to expand the company's newest data center, CH2 in Chicago and enable the company to expand into new markets. Riaz Cassum, Michael Kavanau and Laren O'Neil of HFF served as advisor to Ascent on the deal.
JUNCTION CITY, KAN. — Colorado-based Prescott Family LLC has purchased The Bluffs, a 602-unit apartment complex in Junction City, for $43 million. The 536,236-square-foot property is adjacent to Fort Riley, a U.S. Army post, and includes one-, two- and three-bedroom units. The property is 98 percent leased. Alex Blagojevich, David Gaines, Richard Glinski and Jacob Steele of Marcus & Millichap represented the seller, The Bluffs LLC. Blagojevich, Gaines, Glinski and Steele also represented the buyer.
VAN BUREN TOWNSHIP, MICH. — Visteon Corp. has sold the Grace Lake Corporate Center in Van Buren Township to Sovereign Partners, for $81.1 million. The automotive supplier signed a 15-year lease for 572,000 square feet on the site where its corporate offices and innovation center will continue to be located. Under the agreement, Sovereign Partners will manage the 287-acre property, including all office buildings and a conference facility. The property's other tenants, GE and Dana Holding Corp., each have long-term leases that will remain in effect with the new property owner.
FRANKLIN, IND. — Stag Industrial has acquired a 703,496-square-foot warehouse and distribution facility in Franklin for $17.8 million. The building is fully leased to Anderson Merchandisers, which markets and distributes DVDs, movies and books, among other products. The company has 5 years remaining on its lease. The purchase brings Stag's total 2012 acquisition volume to approximately $65 million.
PHILADELPHIA — A groundbreaking was held for a $60 million hotel in Philadelphia — one of the city's first ground-up hotels in nearly a decade. Home2 Suites by Hilton, with 246 guest rooms, will be located across from the Pennsylvania Convention Center. Wurzak Hotel Group and Parkway Corp. will develop the project. The project calls for 2,000 square feet of meeting space and 9,750 square feet of ground-floor retail and restaurants. The hotel will be largest hotel for the brand to date. A summer 2013 opening is planned.
NEW YORK CITY — Beech Street has provided a $20.9 million Fannie Mae loan for the acquisition of Gramercy East Apartments in New York City. Built in 1974, the property is a 117-unit mid-rise apartment complex with a 6,000-square-foot health club. Avi Weinstock and Matt Texler of Meridian Capital Group originated the 10-year, fixed-rate loan.