GREENVILLE, N.C. — Bonefish Grill and Dick's Sporting Goods have signed leases totaling 54,800 square feet at HJ Brody's 11 Galleria, located on Memorial Highway in Greenville. Bonefish Grill leased 4,800 square feet, and Dick's Sporting Goods leased 50,000 square feet. Both tenants are slated to open in the fall/winter 2012.
Property Type
EVANSTON, ILL. — Atlantic Realty Partners and Focus Development have received $12 million in equity from the Carlyle Group for a $43 million multifamily development project in Evanston. The funds will be used for a ground-up, 175-unit complex known as Seventeen17. The eight-story building will be located at 1717 Ridge Ave. and will include an outdoor pool, fitness facility and outdoor courtyard. David Gutting and Derrick Bloom led the Jones Lang LaSalle team that arranged the joint venture financing through The Carlyle Group.
OMAHA — McShane Construction Co. will build the Springs at Legacy Commons, a 211-unit apartment development in Omaha. The project will be located on an 11-acre site at 2821 Legacy Commons Plaza. The complex will include seven separate two- and three-story buildings. Amenities will include a swimming pool, sun deck and clubhouse. McShane will also complete the construction of three storm shelters, four detached garages and additional surface parking for 464 vehicles. Wisconsin-based Kahler Slater is providing architectural services. Continental Properties is the developer of the project, which is slated for completion in 2013.
MINNETONKA, MINN. —Minnesota Tile & Stone plans to open a new, 40,000-square-foot facility in Minnetonka on April 2. The building is a tile and stone retail and fabrication facility. Alan Dale, company owner, paid $7 million to purchase and rebuild the property. Minneapolis-based Tanek Inc. designed the facility and RJ Ryan of Mendota Heights, Minn. handled the construction.
EVANSVILLE, IND. — Marcus & Millichap Real Estate Investment Services has closed on the $13.8 million sale of the 208-unit Cross Lake Apartments in Evansville. The 203,104-square-foot property is located at 7900 Circle Front Court. David Gaines of Marcus & Millichap's Chicago office and Alex Blagojevich of the firm's Tampa office represented the seller, a St. Louis, Mo.-based partnership. They also represented the buyer, a private partnership also in the St. Louis area.
NEW YORK CITY — Investment Technology Group (ITG) has signed a new lease for 132,000 square feet at One Liberty Plaza in New York City. ITG is an independent research broker for global portfolio managers and traders. Under the 15-year lease agreement, ITG will occupy three floors of the property. The building is now 98 percent leased. Neil Goldmacher, Brian Goldman, Josh Friedman, John Hennessey and Merrill Roth of Newmark Knight Frank represented ITG in the transaction. Brookfield Office Properties, the landlord, was represented in-house by Duncan McCuaig and Sarah Pontius.
NEW YORK CITY — ICS Builders and BKSK Architects have completed the new, $4.1 million Community of the Holy Spirit (CHS) St. Hilda's House convent building in Manhattan. ICS served CHS, a monastic community for women in the Episcopal Church, as general contractor. The 10,600-square-foot building includes a lobby, chapel, community dining room and an art room. The project team also included structural engineer Weidlinger Associates and lighting designer Horton Lees Brogden Lighting Design. The building is located at 454 Convent Ave.
COLONIE, N.Y. — Walker & Dunlop has arranged $36 million in financing for an apartment community in Colonie. Fannie Mae provided the 10-year loan, which includes a 30-year amortization schedule. The complex is situated on 58 acres and includes a swimming pool, clubhouse and fitness center. Daniel Monte of the Rose Hill Group originated the loan.
NEW YORK CITY — A partnership between Cayuga Capital Management and Jacob Toll has received a $28.4 million acquisition and construction loan. The partnership is developing a mixed-used project on a 100,000-square-foot property, located at 76 N. 4th St. in Brooklyn. The new owners plan to convert the former steel factory into 83 loft-style apartments and 20,000 square feet of retail space. Aaron Appel and Micheal Diaz of Meridian Capital Group's New York City headquarters arranged the three-year loan through a regional balance sheet lender.
HOUSTON — California Credit Union has acquired 507, 519 and 523 N. Sam Houston Parkway E. buildings, located in the Sam Houston Plaza Business Park near the intersection of Interstate 45 and Sam Houston Parkway in Houston's Greenspoint submarket. The properties comprise 235,794 square feet of office space. Houston-based Moody Rambin Interests has been retained for property leasing and management services. Ann Woody will oversee the property management of the property and Terri Torregrossa will handle the property's leasing.