NORTH CHARLESTON, S.C. — HESCO Bastion Environmental has signed a 35,460-square-foot lease for an office/warehouse property, located at 2821 Azalea Dr. in North Charleston. Michael Ferrer of Mount Pleasant, S.C.-based Grubb & Elllis/WRS Realty represented the tenant in the lease transaction. 2821 Azalea is the landlord.
COLUMBIA, MD. — The Velsor Cos. has selected Cassidy Turley to lease two industrial properties in Columbia. The properties, which total 220,222 square feet are located at 8909 McGaw Ct. and 6655 Dobbin Rd. and are currently 43 percent leased.
WAUKESHA, WIS. — Generac Power Systems, a manufacturer of backup power generation equipment, plans to commit up to $6 million to expand and remodel its headquarters in Waukesha. Additionally, the company will spend up to $4 million in upgrades and to create a technical center. The company employs more than 550 people at its headquarters and plans to add more than 200 new jobs in the next three years. The project will convert about 27,500 square feet of manufacturing space into office space and add 3,300 square feet for a new main entrance. The renovation is expected to be complete by the end of 2013.
CEDAR RAPIDS, IOWA —CBRE/Hubbell Commercial has arranged the $33 million sale of Windsor on the River, a 424-unit apartment community located at 2415 Oxford Lane in Cedar Rapids. Windsor on the River was built in 1982 and remodeled in 2008. It includes one-, two- and three-bedroom apartments. Linda Gibbs and Timothy Sharpe of the Des Moines office of CBRE/Hubbell Commercial represented the seller in the transaction. They also procured the undisclosed buyer.
MILWAUKEE — Inland Construction has completed a 16,000-square-foot office renovation project for Forrer Business Interiors, a workspace design company, located at 555 Estabrook Blvd. in Milwaukee. The project was completed in January.
BRIGHTON, MICH. — CZ Cartage, a trucking company, has leased 18,200 square feet of industrial space at 12336 Emerson Dr. in Brighton. Jim Montgomery and Steve Kozak of Signature Associates represented the landlord, General Chemical. Montgomery also represented CZ Cartage. The company plans to use the facility for additional shipping, receiving and warehouse
CAMBRIDGE, MASS. —BioMed Realty Trust has agreed to acquire Cambridge Place, a three-building complex totaling 287,000 square feet in Cambridge, for $119 million. The property is 80 percent leased. Tenants include CDM Smith, a full-service engineering and construction firm, and Idenix Pharmaceuticals, a biopharmaceutical company. When completed, the transaction will expand BioMed's real estate portfolio in the greater Boston-Cambridge market to approximately 3.2 million square feet.
ROXBURY, MASS. —Whittier Street Health Center has unveiled its new six-story, 79,000-square-foot health and wellness facility in Roxbury. The $37 million building will house a variety of medical, social and wellness services, including cancer screening, dental care and violence prevention programs. Construction was funded in part by federal stimulus money. Whittier received a $12 million grant through the American Recovery and Reinvestment Act in 2010. The center is located at 1190 Tremont St.
BOSTON — Boston Capital has closed the Boston Capital Tax Credit Fund XXXV, a diversified portfolio of 53 affordable apartment properties in 21 states, including Maryland, Maine and Rhode Island. The total fund size is $350 million. The firm has raised nearly $640 million in equity since January 2011. The properties acquired by the fund add an additional 3,610 apartment units to Boston Capital's holdings. The fund includes 1,093 newly constructed units and 2,517 rehabilitated units. Boston Capital will launch Fund XXXVI later this month.
NEW YORK CITY —Meridian Capital Group has negotiated a $55 million financing package for a mixed-use office and retail building located at 430 W. 14th St. in the Meatpacking District. The 3-year financing contains a $45 million senior loan provided by Citigroup Global Markets Inc., and a $10 million mezzanine loan provided by SL Green. Cary Pollack of Meridian's New York headquarters arranged the transaction. The 61,000-square-foot property includes 18,000 square feet of retail space and 43,000 square feet of office space.