NAPLES, FLA. — A 5,900-square-foot office condo, located at 1865 Veterans Park Dr., Unit 1, has sold for $1.03 million. Dave Wallace of CRE Consultants' Naples office represented the seller, MKK Holdings, in the transaction and procured the buyer, Jaffe Sports Medicine & Rehab.
NEW YORK CITY — New York City-based Centerline Capital Group has arranged $23 million in affordable MBS loans for the refinance and acquisition of nine multifamily properties, four of which are located in the Southeast in Memphis and Cleveland, Tenn.; Gastonia, N.C.; and Birmingham, Ala. Additional properties are located in Temple, Texas; Kansas City, Mo.; Cincinnati, Dayton and Franklin, Ohio. The borrower is a commercial real estate owner and management company that specializes in Section 8 housing. The loans all have a 10-year term with a 30-year amortization schedule.
ALPHARETTA, NORCROSS AND SMYRNA, GA. — Atlanta-based OA Development has awarded Lincoln Property Co. Southeast the leasing assignment for four office properties in metro Atlanta. The properties include the 135,000-square-foot Lakeview 400 and 99,000-square-foot Bluegrass Promenade in Alpharetta; the 111,000-square-foot Northwoods Business Center in Norcross; and the 104,000-square-foot 2400 Lake Park Drive in Smyrna. Michael Howell and Hunter Henritze of Lincoln will handle the leasing for the four office properties.
HAMILTON, OHIO — Duke Realty has acquired five medical buildings in Hamilton, a northern suburb of Cincinnati, for a reported $22 million. The buildings are located at 3035, 3055, 3075, 3125 and 3145 Hamilton Mason Rd., on the Butler County Medical Campus. The properties total 109,092 square feet and include physician offices, a sleep center, an imaging center and a 10-bed inpatient surgical hospital. All of the properties are fully leased to Betheseda North Hospital. Duke plans to expand the building at 3075 Hamilton Mason Rd. by adding a 10,500-square-foot Emergency Department. The entire campus will become part of the TriHealth system and be known as TriHealth's Betheseda Butler County.
CHICAGO — Construction of a new office for law firm HeplerBroom LLC is slated to begin this March in Chicago. The firm is moving from its current location at 150 N. Wacker Dr. to 30 N. LaSalle Dr. Chicago-based Fitzgerald Earles Architects and Associates (FEAA) is designing the renovation of the existing 29th floor office suite, which consists of 17,309 square feet. HeplerBroom plans to move into the new space this July.
FORT WAYNE — America's Floor Source has signed a lease for 16,030 square feet at 5311 Distribution Dr. in Fort Wayne. Karen Spake and Carolyn Spake-Leeper of CBRE / Sturges represented the landlord, Wells Fargo Bank in the transaction. America's Floor Source operates carpet and flooring retail stores in Columbus, Cincinnati, Dayton and Indianapolis.
UTICA, N.Y. — Hannaford Plaza, a 189,218-square-foot shopping center in Utica, has sold for $14.1 million. The center is located at 1154 Mohawk St. and is co-anchored by grocer Hannaford Brothers Inc. and fashion chain Conway. Joseph French and Thomas Dalzell of Marcus & Millichap's White Plains, N.Y. office represented the seller, Hannaford Station Inc. They also represented the buyer, New York City-based Katz Properties Inc.
WEST CALDWELL, N.J. —Value Cos., a Clifton, N.J.-based developer, plans to break ground on The Villas at West Caldwell this spring. The Villas is an age-restricted rental community in West Caldwell, and will include 30 residences. The two-bedroom homes will range from 1,200 to 1,500 square feet. Leasing is scheduled to begin in the fall or winter of 2013, and initial monthly rents are expected to begin in the mid-$2,000s. The community will accept adults age 55 and older.
BARNEGAT, N.J. — The Walters Group plans to begin construction on the apartment component of Whispering Hills in Barnegat this month. The 52-unit affordable housing community will be located off Rose Hill Road, between Barnegat Boulevard and Route 9. The residences will consist of six, two-story buildings and a one-story building. On-site amenities will include a playground, recreational field and walking trails. The first phase is slated to open later this year.
NEWPORT, N.J. — Antenna Software has expanded its headquarters at 111 Town Square Place in Newport. The company creates and manages mobile applications and websites. Antenna Software signed a 10-year lease for 22,000 square feet, which more than doubles its current space. The transaction also included a two-and-a-half year extension of the company's existing lease. Peter Hamburger, Harlan Hollander and Walter Shoenberg of Cushman & Wakefield's East Rutherford office represented the tenant in the transaction. Newport Center I Ltd. Partners, the building owner, was represented in-house by Thomas Traugott.