Property Type

M&M BROKERS $13.26M MOB SALE

by admin April 6, 2012

JACKSONVILLE, FLA. — Marcus & Millichap has arranged the $13.26 million sale of the 34,000-square-foot Emerson Medical Plaza Building 2, a medical office building located at 4549 Emerson St. in Jacksonville. The building is fully leased to Shands Jacksonville Medical Center, an affiliate of the University of Florida. John Smelter of Marcus & Millichap's San Diego office, along with Kirk Felici of the firm's Miami office, represented Emerson MOB II, the seller, in the transaction. Emerson MOB II is a partnership between ABR Chesapeake III, a value-added real estate investment fund sponsored by Baltimore-based Alex Brown Realty, and Health America Realty Group.

April 6, 2012

AEI BUYS TRACTOR SUPPLY FOR $2.85M

by admin April 6, 2012

STARKVILLE, MISS. — St. Paul, Minn.-based AEI Capital Corp. has purchased the 19,000-square-foot Tractor Supply, located at 1301 Greta Ln. in Starkville, for $2.85 million. Tractor Supply Co. has a long-term lease for the single-tenant building. AEI was self-represented by Ian Harrison in the transaction.

April 6, 2012

Office Southeast

FLA. OFFICE BUILDING SELLS FOR $1.2M

by admin April 6, 2012

SANFORD, FLA. — A 36,264-square-foot office building, located at 101 E. First St. in Sanford, has sold for $1.2 million. Robert Blackwell and Michael Heidrich, Sr., of Maitland, Fla.-based NAI Realvest represented Ft. Lauderdale, Fla.-based One Hundred One, the seller, in the transaction. Mayer Gross of ASD Realty represented Lilac Group-Sanford, the buyer.

April 6, 2012

Retail Southeast

WALKER & DUNLOP ARRANGES $90M RETAIL LOAN

by admin April 6, 2012

HUNT VALLEY, MD. — Walker & Dunlop has secured $90 million in acquisition financing for the 766,256-square-foot Hunt Valley Towne Center, a shopping center located on York Road in Hunt Valley. Wegman's anchors the center, which includes Chipotle, Chico's, California Pizza Kitchen, Caribou Coffee and M&T Bank. Tyler Blue and Paul Wallace of Walker & Dunlop's Bethesda, Md., office arranged the 8-year, interest-only loan through American International Group.

April 6, 2012

Multifamily Southeast

MERIDIAN SECURES $7.65M MULTIFAMILY LOAN

by admin April 6, 2012

PIKESVILLE, MD. — Meridian Capital Group has arranged a $7.65 million Fannie Mae conventional loan to refinance the 134-unit Marrion Square Apartments, located at 4619 Horizon Cir. in Pikesville. Jacob Katz of Meridian Capital Group's Bethesda, Md., office arranged the 10-year loan with 9.5 years of yield maintenance and a 30-year amortization schedule through Beech Street Capital.

April 6, 2012

Midwest Retail

TAUBMAN BREAKS GROUND ON MISSOURI SHOPPING CENTER

by admin April 6, 2012

CHESTERFIELD, MO. —Taubman Centers Inc. has broken ground on Taubman Prestige Outlets Chesterfield, located in the western St. Louis suburb of Chesterfield. The open-air shopping center will include 450,000 square feet of retail with more than 100 stores. In a statement, Taubman said demand has been positive and it has firm commitments from most major retailers. The company expects the project will generate 750 construction jobs and employ about 1,200 people when the mall opens. The center will include a mix of high-end, fashion-focused designer outlets, popular favorites and a food court. The mall is scheduled to open in the fall of 2013.

April 6, 2012

Mixed-Use Northeast

PARTNERSHIP BUYS OFFICE PORTFOLIO FOR $146M

by admin April 6, 2012

SOUTH NORWALK, CONN. —South Norwalk-based Greenfield Partners, in partnership with Somerset Properties Inc., has acquired 34 office, flex and industrial buildings for $146 million. The properties total 1.9 million square feet and are located in Southern New Jersey; Milwaukee, Wis.; and Highpoint, N.C. Liberty Property Trust was the seller. The properties were approximately 86 percent leased at the time of sale.

April 6, 2012

Northeast Retail

EASTERN MOUNTAIN SPORTS TO OPEN THREE NEW STORES

by admin April 6, 2012

PETERSBOROUGH, N.H. — Petersborough-based Eastern Mountain Sports, one of the nation's largest outdoor retailers, plans to open three new stores in the Northeast. An existing location at the Plaza at Buckland Hills in Manchester, Conn. is moving approximately 12 storefronts down the plaza to an 18,831-square-foot space next to PetSmart. The store is expected to open April 27. The retailer will also open a 20,442-square-foot store at 301 Maine Mall Rd. in South Portland, Maine on May 11. Construction is currently underway for a new 13,013-square-foot Eastern Mountain Sports Store in the North Village Shopping Center in New Brunswick, N.J. The store is scheduled to open June 15.

April 6, 2012

Northeast Retail

EQUITY ONE TO DEVELOP $54M PROJECT IN BRONX RETAIL CORRIDOR

by admin April 6, 2012

NEW YORK CITY — Equity One has been selected to redevelop an 80,000-square-foot site along the Broadway retail corridor in the Bronx. The firm will spend $54 million to construct a new, 133,000-square-foot retail development and parking facility on the site in the Kingsbridge area. Equity One plans to look for four national retail tenants for the space. The developer will purchase the site from the city for $7.5 million, with construction expected to begin in early 2013 and be completed within two years. Equity One was selected as developer after responding to a request for a proposal from the New York Economic Development Corp. in August 2011.

April 6, 2012

Northeast Retail

ALAMO DRAFTHOUSE TO EXPAND TO NYC

by admin April 6, 2012

NEW YORK CITY — The Texas-based Alamo Drafthouse theater chain is opening its first location in New York. Alamo Drafthouse will own and operate the five-screen theater, which will be located on the Upper West Side, occupying the former Metro Theater at 2626 Broadway. Like all Alamo Drafthouse theaters, the Alamo Drafthouse at the Metro will provide food and drink service to movie-goers' seats and uphold its famously strict no-talking policy. The new theater is scheduled to open in 2013.

April 6, 2012

Newer Posts

Older Posts

Upcoming Events

Sep
17