JEFFERSONVILLE, IND. — Amazon.com Inc. plans to open a $150 million warehouse and distribution center in southern Indiana, where as many as 1,050 full-time workers will be hired. The center is expected to open this fall. The Seattle-based online retailer already operates warehouse facilities in Indianapolis, Whitestown and Plainfield and has a total footprint of more than 4 million square feet in the state. The facility will be located in Jeffersonville's River Ridge Commerce Center, which is adjacent to a state-operated port on the Ohio River.
CHICAGO — The former Giordano Jazz Dance studio in Chicago has sold to a private investor for $1 million. The buyer plans to redevelop the 17,340-square-foot building but provided no further details. Scott Maesel of the Chicago office of Sperry Van Ness represented both parties in the transaction.
BOSTON — A joint venture plans to develop the 413,536-square-foot Longwood Center, a life sciences and biotechnology facility in Boston. The center will be located in the Longwood Medical Area of the city, which also serves as home to Harvard Medical School and Beth Israel Deaconess Medical Center, among others. Dana-Farber Cancer Institute will anchor the property, leasing 154,000 square feet of space. The joint venture consists of Clarion Partners, National Development, Charles River Realty Investors and Alexandria Real Estate Equities.
PORTLAND, MAINE — Stag Industrial Inc. has purchased a warehouse and distribution facility in Portland for $5.8 million. The 100,600-square-foot facility was constructed in 1989 and renovated in 2008. The property is fully leased to Office Max Inc., which has 6 years remaining on its lease.
ROCHESTER, N.Y. — Pike Co. has broken ground on a 109,000-square-foot office building in Rochester. Arkansas-based network communications provider Windstream will fill the first two floors of the three-story building when the facility opens next summer. The company signed a 15-year lease for 66,667 square feet. More than $122 million in public funds have gone into the demolition and continued prep of the 9-acre site. Pike is investing $19 million to redevelop the building. An underground service tunnel, garage, above-ground street grid and sidewalk are also planned for the site.
ELMWOOD PARK, N. J. — Marcus & Millichap has arranged the sale of two apartment complexes, totaling 87 units, in Essex County. A California-based investor purchased 355 Belleville Ave. in Bloomfield for $2.7 million. Christopher Rizzolo of Marcus & Millichap's New Jersey office represented both parties in the deal. In a separate transaction, a local developer sold a 50-unit apartment complex at 22-30 S. Munn Ave. in East Orange for $4 million. Nat Gambuzza, also of the firm's New Jersey office, represented the buyer, while Rizzolo represented the seller.
BETHLEHEM, PA. — Crayola, the crayon and art product maker, plans to move its main distribution center from the Harrisburg area. Construction of an 800,000-square-foot warehouse along Route 412 in the Majestic Bethlehem Center is expected to start next month with completion by December. The company is slated to employ between 60 and 80 people at the new center. Crayola plans to consolidate the company's current warehouse operations in Harrisburg and Leigh Valley after the leases for the facilities expire in 2013.
DENTON — Stan Johnson Co. has brokered the $5.3 million sale of a 13,100-square-foot medical office building, located on the campus of North Texas Hospital at 2805 S. Mayhill Rd. in Denton. Toby Scrivner, Jeff Matulis and Karen Vinsko of Stan Johnson Co.'s Tulsa, Okla., office represented the buyer, a New York-based institutional REIT, in the transaction.
FRISCO — The Connor Group has purchased the 262-unit Lodge at Frisco Bridges, a luxury apartment community located at 8568 Warren Parkway in Frisco, for an undisclosed price to an undisclosed seller. This is the company's second property in Frisco, the other one being The Residences at Starwood.
TROUTDALE, ORE. – The 64-unit Hampton Heights in Troutdale has sold to Portland Properties OR, LLC for $4.9 million. The community was built in 1996 and is located at 496-628 NE 257th Drive. The seller, B3R Properties, LLC, was represented by Grayson Pounder of Hendricks & Partners’ Portland office.