WHEELING, ILL. — Jeff D'Agostino has purchased 241 S. Milwaukee Ave. in Wheeling, where he plans to open a fifth D'Agostino's Pizza. The 10,679-square-foot building was acquired for an undisclosed amount. Jim Martin of Kudan Group represented the landlord, Masterson Land Trust, in the deal. The restaurant is scheduled to open in the spring of 2012.
LYNDHURST, N. J. — Walker & Dunlop has arranged $21 million in financing for Riverside Plaza, a mixed-use complex in Lyndhurst. Freddie Mac provided the loan, which has a 7-year term and 30-year amortization schedule. Riverside Plaza is a six-story complex that includes studios, one- and two-bedroom apartments, and retail suites on the first floor. Stephen Farnsworth led the Walker & Dunlop team.
PORT WAHINGTON, N.Y. — WAC Lighting Co. plans to move its headquarters from Garden City to a 145,000-square-foot building at 44 Harbor Park Dr. in Port Washington. WAC, a manufacturer of energy efficient lighting, purchased the building from Luxottica, an eyeglasses retailer and manufacturer, for $12.3 million. WAC plans to create 228 new jobs for the facility. Colliers International represented WAC in the transaction.
NEW YORK CITY — A private equity group has agreed to buy 511 W. 25th St. in Chelsea, a 195,000-square-foot property, for $93 million from Pembrook Capital Management. The three-building, mixed-use property includes an art gallery and office complex. The sale is expected to close in the first quarter of 2012. Darcy Stacom of CBRE represented Pembrook in the transaction.
BEAUMONT — The 17-story Edison Plaza complex, the only Class A office building in southeast Texas, has been purchased by AlbaneseCormier Holdings. The building is located in Beaumont's Central Business District. AlbaneseCormier plans to renovate the property to include a fitness center and a dining facility.
FORT WORTH — Construction has begun on a new 30,000-square-foot retail development and outdoor plaza at City Place, located at Throckmorton and Third streets in Fort Worth's Central Business District. The property was designed by WDG Architecture's Dallas office and is being built by Rogers-O'Brien Construction. Chris Corbin, Michael Dearden and Theo Thompson of Venture Commercial's Dallas office will handle retail leasing for the property, which is being developed by Dallas-based Spire Realty Group.
DALLAS — The Cirrus Group and Dallas-based Realty Capital Partners has sold the 60-bed Reliant Rehabilitation Hospital, located at 7930 Northaven Rd. in Dallas, to American Realty Capital. The hospital was fully leased to Reliant Healthcare Partners and 20 physician practices at the time of the sale.
DALLAS — Cassidy Turley has arranged a 23,962-square-foot lease for PSR, LLC, located at 3 Park Central in Dallas, a 513,00-square-foot office building. Craig Wilson and Randy Cooper of Cassidy Turley's Dallas office represented the tenant in the lease transaction. Russ Johnson and Sean Dalton of Grubb & Ellis' Dallas office represented the landlord, Pittsburgh, Pa.-based McKnight Realty Partners.
PHOENIX — U.S. Citizenship and Immigration Services has signed a 10-year lease for a 46,081-square-foot field office at 1330 South 16th Street in Phoenix. This lease represents an adaptive-reuse/urban renewal project with the GSA. The project revitalized an abandoned facility at the infill site and is now seeking LEED-CS (core and shell) certification. The government was represented by Julie Rhoades, Suzanne Drake and Yolanda Morgan of Jones Lang LaSalle. Lynn Newhall of DOXA Centralrepresented the building’s owner, DOXA South, LLC.
LOMPOC, CALIF. – Marshalls has leased 24,050 square feet at the Lompoc Shopping Center. It will join other notable retailers such as Petco, Staples, Vons, Michael’s and Pier 1. Marshalls was represented by Anthony Mansour of The Clover Company. The Lompoc Shopping Center is owned by Brixmor Property Group.