SALISBURY, MASS. — The Federated Cos. received site plan approval from the Town of Salisbury for its 210-unit multifamily community. The site is located at 191 Beach Rd. in Salisbury. Last March, the company acquired a 13.2-acre development site, which included developmental rights to construct a multifamily community as well as a community building, fitness center and swimming pool. The development is currently on the market for $3.1 million.
NEW YORK CITY — The New York office of Mortgage Equicap has arranged a $17 million construction loan for a 60-unit, ground-up apartment development in Brooklyn. The proceeds will be used to refinance an existing construction loan and build an additional 30 units on an adjacent lot. The property is located in the Clinton Hill section of Brooklyn.
LEWISVILLE — Digital Realty Trust has purchased an 819,000-square-foot data center and office campus, located at Convergence Business Park in Lewisville, for $123 million. The 10-property campus spans 168 acres and is 99 percent leased to eight tenants that use the space for either data center or office purposes. The property has a capability of adding up to 700,000 square feet of new development.
HOUSTON — Wood Partners has plans to develop the $32.4 million Alta Woodlake Square, a 256-unit multifamily property located at 2630 Tanglewilde St. in Houston's Westchase District. The new development will be built adjacent to the Woodlake Square shopping center, and every apartment unit will feature granite countertops, stainless steel appliances, under-mount sinks, subway tile backsplashes, vinyl flooring and a washer and dryer. The apartment community will have amenities such as a zero-entry pool, barbecue grills, an outdoor kitchen with a TV, a water fountain, a fitness center and a clubroom with a kitchen/bar area. The property's leasing will begin in March 2013 and tenants can move in starting in June 2013.
HOUSTON — Houston-based CyrusOne has completed the 30,000-square-foot expansion of the Houston Data Center, located at 5555 San Felipe St. in Houston. The property is certified LEED Silver and is located adjacent to an existing data center owned by CyrusOne.
COLORADO SPRINGS, COLO. — The 150-unit Copper Chase in Colorado Springs has sold to an affiliate of Seagate Properties for $9.75 million. The community was built in 1969 and was 93 percent occupied at the time of sale. Doug Andrews, Jeff Hawks, Ken Greene and Kevin McKenna represented the seller, WillMax Capital, in this transaction.
MORENO VALLEY, CALIF. — A 40,000-square-foot retail property in Moreno Valley that is occupied by Sports Authority has sold to Day Moreno Valley LLC for $7.85 million. The property was built in 2009 and is located at 12450 Day Street. It resides within the TownGate Crossing retail center. Dennis Vaccaro and Donald MacLellan of Faris Lee Investments represented the seller, Gateway Company, L.C.
MIAMI — Ground has broken on the $275 million, 250,000-square-foot Patricia and Phillip Frost Museum of Science, located in downtown Miami. Grimshaw Architects designed the property, which includes terrestrial and aquatic spaces such as a 600,000 gallon aquarium, a full dome 3-D planetarium, interactive exhibits, innovative technology, two additional wings of exhibition space, a learning center and cafes. Completion is slated for 2015.
LOUISVILLE, KY. — The 108-unit Renaissance at St. Andrews, located at 3311 Renwood Blvd. in Louisville, has been sold for $12.5 million. The property is 90 percent leased. Irvine, Calif.-based Steadfast Income REIT was the buyer. Amenities include a 24-hour fitness center, pool with waterfall and sundeck, laundry facilities and garages with remote access.
NEW ORLEANS — Ochsner Health Foundation has signed a 79,001-square-foot lease at the 487,760-square-foot Benson Tower, a 26-story office building located at 1450 Poydras St. in New Orleans. Michael Siegel and Colleen Berthelot of New Orleans-based Corporate Realty represented Zelia, the landlord, in the lease transaction. The tenant was self-represented by Bill Ward and Jason Ruggles.