PHILADELPHIA — David Fryer of G.S. Wilcox & Co. has arranged $29 million in financing for Whitman Plaza, a 280,000-square-foot retail center in Philadelphia. The center is anchored by Pathmark. Additional tenants include Burlington Coat Factory and Ross Dress For Less. Continental Casualty Co. provided the loan to the borrower, Garden City, N.Y.-based Breslin Realty.
TRUMBULL, CONN. — The 42,000-square-foot office building at 126 Monroe Turnpike in Trumbull has been converted to medical use. The building's owner, Silverman Group, has named Cushman & Wakefield's healthcare practice group as the leasing agent for the building, which is currently 75 percent leased.
CORPUS CHRISTI — BLL Holdings has sold the 121-room Days Inn of Corpus Christi, located at 901 Navigation Blvd. in Corpus Christi, to Corpus Christi Hospitality in a cash transaction. The buyer plans on making capital improvements to the two-story hotel. Bryan Blanchard and Randy Lee of The Mumford Company's Dallas office represented the seller in the transaction.
FORT WORTH — Marcus & Millichap has arranged the sale of the 82-unit Woodlake Apartments, located at 1404 Weiler Blvd. in Fort Worth. Boyan Radic and Brian Roosth of Marcus & Millichap's Fort Worth office represented the seller, a Chicago-based limited liability company, and procured the buyer, a New York-based limited liability company, in the transaction. The buyer plans to renovate the property's interior rooms as well as upgrade the exterior with new roofs, landscaping and paint.
HOUSTON — Houston-based NewQuest Properties has secured the lease of 51,499 square feet of industrial space, located at 7170 W. 43rd St. in Houston. Joey Lumsden of NewQuest represented the tenant, Image Engine, in the lease transaction. Travis Land of NAI Industrial in Houston represented the landlord.
HOUSTON — Hines has brokered the lease of 33,394 square feet of office space at the 629,000-square-foot Phoenix Tower, a 34-story office building located at 3200 Southwest Freeway in Houston. The building is now 82 percent leased. Chip Horne of Cushman & Wakefield of Texas' Houston office represented the tenant, New York Life, in the lease transaction. Tyler Garrett and Paula Bruns of Hines' Houston office represented the building owner, FSP Phoenix Tower Limited Partnership.
SANTA FE, N. MEX. — Marquez Plaza, a 37,841-square-foot office building in Santa Fe, has sold to YMC New Mexico Properties, LLC, an affiliate of Yonezawa-Miller Company, for $6 million. The plaza is currently 100 percent leased to the State of New Mexico and UBS. YMC was represented by Craig Yonezawa of Pathfinder Capital. The seller was represented by Joel White of CBRE's Albuquerque office.
CARLSBAD, CALIF. — PODS of San Diego has signed an 84-month lease extension for 64,541 square feet of industrial space in the Carlsbad Oaks Business Park. The lease is valued at $3,808,322. PODS will continue to use the space for its office and warehouse needs. The company was represented by Michael Mazzotta of Colliers International. The landlord, Del Norte Farms Inc., Quattro Partners, LLC, and BLT Alameda/Newark, LP, represented themselves in this transaction.
PHOENIX — Entrust Bankcard has signed a seven-year lease for 17,797 square feet in a Class A office building located at 5055 E. Washington Street in Phoenix. The company plans to house its administrative offices, training center, executive space and sales operations at the new office beginning in June. This lease will bring the building’s occupancy to 91 percent. Entrust was represented by David Carder and Luke Walker of CBRE’s Phoenix office. The building’s developer and landlord, Irgens Development Partners, was represented by Steve Kohls and Adam Tolson of Lee & Associates in Phoenix.
DUNCAN, S.C. — Perrigo Co. has signed a 300,000-square-foot lease, located at 110 Hidden Lake Cir. in Duncan. The company will relocate and expand its operations from the SC Technology and Aviation Center in Greenville, S.C. Grice Hunt and Ford Borders of Greenville-based NAI Earle Furman represented the tenant in the lease transaction.
