NEW YORK CITY — Massey Knackal Capital Services has closed a $1.8 million loan for a mixed-use property in Brooklyn's Greenpoint neighborhood. The property consists of seven residential units and one commercial unit. The 7-year, fixed-rate loan was executed through Fannie Mae at an interest rate of 4.4 percent. The borrower is a partnership of attorneys.
SAN ANTONIO — Corporate Office Properties (COPT) has sold a 95,000-square-foot office building, located at Sentry Gateway 100 in the Sentry Gateway office campus in San Antonio, for $15.5 million. COPT built the property in 2010, and the building was vacant at the time of the sale. The sale represented an opportunistic asset for the end user.
ALLEN — Connecticut-based Frontier Communications Corp. has opened a 84,000-square-foot communications center, located at 805 S. Central Expy. in Allen. The center houses 500 employees and features a National Operations Center with specialized telecommunications equipment.
HOUSTON — Houston-based GSL Welcome Group has acquired a 48,710-square-foot office/warehouse property, located at 4300 Pasadena Freeway and Beltway Green Boulevard in Houston. The acquisition is GSL's 14th property in the Deer Park/Pasadena area. Hagemeyer North America is the property's sole tenant. Welcome Wilson and Danielle Gann represented the buyer in the transaction. Tyndall Yapp of Capital Commercial represented the seller, Capital Commercial Investments.
KANSAS, OKLA. — American Realty Capital Daily Net Asset Value Trust has acquired a 8,320-square-foot retail center fully leased to a wholly-owned subsidiary of Family Dollar Stores. The lease is on a 10-year term and expires in June 2021. The acquisition, and American Realty's purchase of a Family Dollar store in Gloster, Miss., total to $1.7 million.
THE WOODLANDS — BANDIER Investment Services has arranged the sale of two office buildings totaling 22,000 square feet in the Borough Office Complex in The Woodlands. Jody Czajkoski and Jason Tangen of BANDIER's Houston office represented the buyer, AVATAR Home Health Agency, in the transaction. The property will serve as AVATAR's new corporate headquarters.
HANFORD, CALIF. – The 483,214-square-foot Hanford Mall has received a $25.5-million refinancing. The regional mall was built in 1993 and expanded in 1999. The loan was negotiated by Passco Companies LLC on behalf of the property’s select Tenant-in-Common owners. The fixed-rate loan carries a 10-year term. It was supplied by Cantor Commercial Real Estate.
OAKLAND, CALIF. – A 37-unit apartment building located at 266 Adams Street in Oakland has sold for $4.8 million. The four-building complex was built in 1968. Kevin Turner of Marcus & Millichap’s Oakland office listed the property exclusively on behalf of the seller, a partnership.
IRVINE, CALIF. – Japanese retailer Daiso has opened its first Orange County location at Heritage Plaza in Irvine. Daiso, which sells home goods, beauty products, food and more, has leased 11,448 square feet at the plaza. It is expected to open in April 2012. Daiso was represented by Ken Shishido at Wilson Commercial Real Estate. Regency Center was represented in-house.
CELEBRATION, FLA. — The 120,000-square-foot Water Tower Shoppes, located at 6070 W. Irlo Bronson Memorial Hwy. in Celebration, has been sold for $18.3 million. Clarion Partners purchased the center, which currently includes SunTrust, Exxon and Chick-fil-A. Clarion, along with Crossman & Co., the development manager and leasing agent for the property, plans to redevelop the center, beginning with the addition of Publix as an anchor tenant.