PLEASANT PRAIRIE, WIS. —The Missner Group has completed a build-out for Catalyst Exhibits' 145,000-square-foot warehouse, office and production facility in Pleasant Prairie. The company recently relocated its headquarters from Crystal Lake, Ill. to southeast Wisconsin. The 22,000-square-foot project included the addition of corporate offices, design studios, conference rooms and a cafe space with a full-kitchen and espresso bar. Catalyst Exhibits is a designer and fabricator of trade show displays. The property is located at 7809 100th St.
NEW YORK CITY — A brick multifamily building located at 155 Newton St. in Greenpoint has sold for $2.1 million. The 7,257-square-foot building includes eight apartment units. The units have recently been renovated along with the building's mechanical systems. Mark Lively, Brock Emmetsberger and Brendan Maddigan of Massey Knakal Realty Services represented the buyer, a local owner, in the transaction. They also represented the seller.
SEWICKLEY, WEXFORD PENN. — Cabot, Penn.-based Concordia Lutheran Ministries has purchased two seniors housing communities in Pennsylvania for $7.8 million. The properties include Pristine Pines, a 56-unit community in the Pittsburgh suburb of Sewickley, and a 28-unit community in Wexford. The Sewickley community included the sale of several adjacent acres on which Concordia plans a large expansion. Benjamin Fireston and Jacob Gehl of Marcus & Millichap's Chicago office represented the seller, a private equity fund with offices in New York and Dallas. They also secured the buyer.
NEEDHAM, MASS. — Construction has begun on a new data and office building for Digital Realty Trust, a data center provider, in Needham. The facility is located at 105 Cabot St. and will comprise 130,335 square feet. Jones Lang LaSalle will serve as the leasing agent. The project is slated for completion in the second quarter of 2013.
HOUSTON — HFF has arranged the sale of the 456-unit Westchase Creek (formerly known as Camden Creek), located at 3000 Woodland Park Dr. in Houston's Westchase District. Craig LaFollette, Todd Stewart, Tre Banks, Chris Curry and Todd Marix of HFF's Houston office represented the seller, Camden Property Trust, in the transaction. The buyer was a joint venture partnership between Allen Harrison Co., Dome Equities and Equity Resource Investments. HFF also arranged a 7-year, 2-year interest only loan through its Freddie Mac Program Plus Seller/Servicer Program. HFF's debt placement team was led by Cortney Cole of HFF's Houston office. Allen Harrison Co. will execute a capital improvements plan for the property, which was 96 percent occupied at the time of the sale.
HOUSTON — Rankin NDG Houston LLC has purchased 73,740 square feet of land, located at the southeast corner of Rankin Road and Kuykendahl Road in Houston, for the construction of a 14,820-square-foot Walgreens. Levinson Alcoser Associates is providing architectural services for the project and Sundance Construction Co. is the general contractor. David Boniuk of Houston-based Mila Properties represented the seller, Boniuk Interests, in the transaction. Mark Davis of Houston-based Davis Commercial represented the buyer. The project is slated for an October 1, 2012, completion.
DALLAS — Chicago-based Consolidated Distribution Corp. has opened a 50,000-square-foot distribution center, located in Dallas. The new distribution center will serve the Unified Foodservice Purchasing Co-op, which manages the Yum! Brands Inc. and its restaurant systems, including KFC, Pizza Hut, Taco Bell, A&W and Long John Silver's.
SAN ANTONIO — NorthMarq Capital has arranged a $22.02 million construction loan and $8.09 million in joint venture financing for the 344-unit Pecan Springs Apartments, located on the northeast corner of UTSA Boulevard and Interstate 10 in San Antonio. John Stewart and William Jackson of NorthMarq's Dallas office arranged the 3-year loan and joint venture partnership through a regional commercial bank and an institutional investor.
BUDA — Aries Capital has secured a $4.8 million ground-up construction/permanent loan for the 83-room Microtel, located in Buda. Leonard Smith of Aries Capital's Houston office arranged the loan on behalf of the borrower, Longhorn Lodging Partners. The property will be managed by Caerus Hospitality Partners.
BRISBANE, CALIF. — A 132,000-square-foot warehouse facility in Brisbane has sold to William Spencer for $16 million. William Spencer is considered both an owner/user and an investor in this transaction. The facility is located at 325 Valley Drive. The buyer was represented by Marshall Hydorn of Cassidy Turley. The seller was IAC 325 Valley Drive, LLC.