CAROL STREAM, ILL. — Duke Realty Corp. has acquired two, fully leased industrial buildings in Carol Stream, Ill., totaling 463,222 square feet, for $32 million. The building located at 720 Center Avenue is a 360,684-square foot building and is fully leased to Peacock Engineering, a food packaging company. The 75,538-square-foot building at 189 –199 Easy St. is leased by Chicago Title Company, a real estate services provider. Mike Caprile, Ted Staszak and Stephanie Park with CBRE represented the seller in the transaction.
NEW YORK CITY — Cushman & Wakefield has arranged the sale of a four-building industrial portfolio, totaling 950,868 square feet, in Maryland and New Jersey. New York-based SK Realty Management purchased the properties, which were fully leased at the time of sale. The three Maryland industrial properties include 500 Hickory Dr., totaling 470,707 square feet in Aberdeen; the 205,030-square-foot 600 Hickory Dr. in Aberdeen; and the 93,761-square-foot 7616 Canton Center Drive in Baltimore. The New Jersey property is 100 Friars Blvd. in Thorofare and consists of 181,370 square feet. All four properties are used for warehouse/distribution purposes. The Cushman & Wakefield team of Gary Gabriel, Cristopher Abramson, Brian Kruger, Nicholas Signor, Paul Torosian and John Plower represented the seller, Prologis, and procured the buyer.
CARLSTADT, N.J. — The Donna Karan Co. has signed a new, long-term lease for 197,445 square feet at 400 Commercial Blvd. in Carlstadt. The facility, which will include 23,615 square feet of renovated office space, will serve as the company's regional distribution hub for its signature apparel and accessories. Thomas Carragher of Studley Inc. represented Donna Karan Co. in the transaction. The landlord, Russo Development, was represented in-house by Michael Pembroke and Adam Pasternack.
MILFORD, CONN. —Washington Trust's Commercial Real Estate Group has provided an $8 mortgage loan to an affiliate of MCRS Milford Development LLC, for the financing of the Hilton Garden Inn in Milford. The 120-room hotel is located at 291 Old Gate Lane. Cate Fusco of Washington Turst served as the lead lender for the project.
HOUSTON — Cabot III, an entity of Boston-based Cabot Properties, has purchased a 111,197-square-foot distribution facility with multiple tenants, located at 9017 Pinemont Dr. in Houston. John Ferruzzo, Chris Caudill, Joel Michael and Jon Michael of NAI Houston represented the seller, Hempstead O'Connell, in the transaction. Dan Lawson of Proterra Properties' Dallas office represented the buyer.
ARLINGTON — Dallas-based Bradford Commercial Real Estate Services has arranged the sale of a 65,000-square-foot warehouse, located at 840 N. Great Southwest Parkway in Arlington. Michael Spain of Bradford Commercial represented the buyer, Eight Forty Great Southwest Parkway, in the transaction. Scott Voelkel and Gordon Foster of Dallas-based Foster & Co. represented the seller.
HOUSTON — Freudenberg Immobilien Management and Sugar Land-based The Mathis Group have awarded Cadence McShane the expansion and interior renovation of a 45,000-square-foot headquarters facility, located at 10035 Brookriver Dr. in Houston, on behalf of EagleBurgmann Industries. The construction will include a new four-story addition and renovating private offices, workstations, conference rooms, a training room, testing laboratories, locker rooms and break rooms. The Mathis Group is providing construction management services and Houston-based Powers Brown Architecture is designing the project. Construction will begin in January and will reach completion in December 2012.
IRVING — BMC Capital has provided $2.97 million in refinancing a maturing CMBS loan for the 113-unit Irving Oaks Apartments, located at 1928 Rock Island Rd. in Irving. Barrett Linburg of BMC Capital's Dallas office arranged the 10-year loan with a 30-year amortization schedule.
SILVER SPRING, MD. — Home Properties has broken ground on the 379-unit Eleven55 Ripley, an apartment complex located in downtown Silver Spring. The project is estimated to cost between $111 million and $200 million. Shalom Baranes Associates designed the property, which will include a roof-top outdoor pool, a deck and dining area, a theatre, a two-story fitness center with a yoga room, a 3,000-square-foot clubroom with a demonstration kitchen, business center and conference room, and a private, landscaped courtyard. Home Properties anticipates that Eleven55 will attain LEED Silver certification upon completion, which is slated for the third quarter of 2013.
WASHINGTON, D.C. — Vornado Realty Trust has closed on the $104 million acquisition of the 130,000-square-foot 1339 New York Avenue, a Class A trophy office building located in Washington, D.C.'s CBD. The company acquired the 97.5 percent interest it did not previously own in the building. The seller was undisclosed.