OAK BROOK, ILL. — Orlando-based Cuhaci & Peterson Architects has completed the design work to build a new Season 52 restaurant in Oak Brook. The 10,000-square-foot restaurant is now under construction and slated for completion this spring.
CAMBRIDGE — ARC/Architectural Resources Cambridge has completed a renovation and expansion project for Boston College at 2121 Commonwealth Ave. on the college's Brighton campus. The project called for the conversion of a vacant property into an administrative office and added 70,000 square feet of space. The new building is called the Boston College Alumni Center.
ROCKY HILL, CONN. — A 109,000-square-foot office and retail center has sold for $10.1 million at 30 Waterchase Dr. in Rocky Hill. The property is 83 percent occupied and anchored by Porter and Chester Institute, a technical school. Joseph French of Marcus & Millichap's White Plains, N.Y. office represented the seller, a private investor based in Florida. The buyer was a private firm located in Trumbull, Conn.
WEEKHAWKEN, N.J. — Beech Street has provided a $12.5 million Fannie Mae loan to refinance The Simone, a new, ground-up construction apartment building in Weehawken. The 50-unit apartment building is located across from the Hudson River and is fully leased. Meridian Capital Group originated the 10-year loan, which has a 30-year amortization schedule.
MELVILLE, N.Y. — Lincoln National Life Insurance Co., a division of Fort Wayne, Ind.-based Lincoln Financial Group, has leased 11,000 square feet of office space at the Melville Corporate Center I in Melville. Neal Marchesano of Corporate National Realty represented Lincoln in the deal. The landlord, T. Weiss Realty, was represented in-house by Craig Weiss.
NEW HYDE PARK, N.Y. —Computer Add Ons has purchased a 15,000 square foot industrial warehouse property at 89-90 Denton Ave. in New Hyde Park for $1.4 million. The consumer electronics distributor is moving and expanding its business from Flushing, Queens. Gary Mayzlin of Kalmon Dolgin Affiliates represented the seller, Fischer Real Estate, in the transaction. He also represented the buyer.
CLEVELAND — Louisville, Ky.-based New Directions Health Systems and Whitetail Land Development have partnered to develop new medical facilities in Timbercrest Medical Park, located on a 600-acre campus at the intersection of State Highway 105 and the eastern bypass in Cleveland. The new properties will include medical office buildings, a hospital and an assisted living facility. New Directions is the management firm for Cleveland Regional Medical Center, which plans to lease 40,000 square feet of office space in the new development. Construction on the medical office buildings is slated for the summer of 2012, and construction for the hospital will commence after 2016.
DENTON — Marcus & Millichap has arranged the $4.05 million sale of the 126-unit Singing Oaks, a multifamily property located at 307 N. Loop 288 in Denton. The property is approximately 90 percent leased. Al Silvia of Marcus & Millichap's Fort Worth office represented the buyer, a Florida-based developer, in the transaction. The seller was a local investor.
HOUSTON — Greenwich, Conn.-based Wheelock Street Capital has acquired the 380-room DoubleTree Suites by Hilton, located on Westheimer Road in the Houston Galleria submarket. The hotel features 10,000 square feet of meeting space. Westmont Hospitality will manage the hotel on behalf of Wheelock. The Plasencia Group represented the seller, an institutional investor group, in the transaction.
ROSENBERG — Boston-based Boston Capital Finance (BCF) has closed a fixed-rate loan for the 80-unit Brazos Senior Villas, located in Rosenberg. Loan funding will occur after the property is delivered and stabilized. BCF arranged the financing through the Boston Capital Long Term Mortgage Fund.