NEW YORK CITY — HFP Capital Markets, a full-service investment bank, has signed a 15-year lease for 13,100 square feet of office space at 386 Park Ave. South in Manhattan. The company is relocating its corporate offices from 685 Fifth Ave. John Moran III, Hope Brodsky and Neil Goldmacher of Newmark Knight Frank represented HFP in the transaction. Jordan Berger of Monday Properties represented the ownership, Monday Properties and Savanna.
HOUSTON — CBRE has arranged $34 million in permanent financing to refinance debt on the 680-unit Abbey at Briar Forest, a Class B apartment community located at 11655 Briar Forest Dr. in Houston. Glenn Housman of CBRE's Orlando, Fla., office arranged the financing with a 7-year fixed rate through Freddie Mac on behalf of the borrower, Birmingham, Ala.-based Abbey Residential.
MESQUITE — Lee & Associates has arranged the sale of a 10.86-acre tract of land, located at Big Town Boulevard in Mesquite, to be used for industrial purposes. Mark Graybill of Lee & Associates' Dallas/Fort Worth office represented the seller, Dallas-based Royalton Real Estate Capital, in the transaction. Union Pacific was the buyer.
PLANO — NorthMarq Capital has arranged $3.25 million in first mortgage financing for the 140,130-square-foot Jupiter Business Park, an industrial property located at 1111 Jupiter Rd. in Plano. Ronald Reese of NorthMarq's Dallas office arranged the 7-year loan with a 25-year amortization schedule through Summit Investment Advisors on behalf of the borrower, Jupiter Business Park Ltd., an entity controlled by Los Angeles-based Mindlin Cos.
DALLAS — Mark One Capital, a subsidiary of Marcus & Millichap, has secured acquisition financing for the 20,000-square-foot Baylor Surgery Center, located in Dallas. Farhan Kabani of Mark One's Dallas office arranged the 5-year loan with a 25-year amortization schedule and a fixed 4.66 percent interest rate.
PHOENIX – The 92-unit Brittany Apartments in Mesa and the 128-unit Cheyenne Pointe in Phoenix have been sold by Colliers International in Greater Phoenix for $3.5 million. The Brittany Apartments was sold to Rich Huang with Good Environment, LLC, for $1.9 million. The seller was Summit Equity Investments. Financing was arranged by Brandon Harrington of Cohen Financial. Cheyenne Pointe was sold to Paying Cash for Homes, LLC for $1.6 million. The seller was Wilson Property Services, the property’s court-appointed receiver. Bill Hahn, Jeffrey Sherman and Trevor Koskovich of Colliers’ Phoenix office represented both the buyers and sellers in these transactions.
TUALATIN, ORE. –– Progress Ridge TownSquare, a $100-million, 20-acre mixed-use, entertainment and shopping destination in Tualatin, has gained a handful of new tenants. The 325,000-square-foot center welcomed Ace Hardware, which occupies 13,000 square feet; Fulcrum Fitness, which will lease 3,100 square feet; Black Eagle Martial Arts, which will take 1,430 square feet; and Sweet Siren Boutique, which leased 1,300 square feet. Black Eagle expects to open in late January or early February. Fulcrum Fitness will debut in February. Gentle Dental, T-Mobile and Ava Roasteria also recently opened at Progress Ridge. These new tenants bring Progress Ridge’s occupancy rate to 90 percent.
SAN DIEGO — The U.S. Military Entrance Processing Command (USMEPCOM) has occupied a 27,634-square-foot office in San Diego. The U.S. General Services Administration signed a 10-year lease at the facility, which is located at 4181 Ruffing Road. Jones Lang LaSalle’s Kate Brennan, Jessica Kokish and Jeff Ingham represented the government in this transaction. The building’s owner, REIT Management, was represented by Melissa Chester.
WASHINGTON, D.C. — A 175,127-square-foot office and retail building, located at 1400 Eye St. NW in Washington, D.C., has been sold for $58.45 million. Tenants of the property includE Campaign for Tobacco-Free Kids, The One Campaign, African Development Foundation, the District of Columbia Police Department and Stein McEwen. Transwestern represented New York City-based Joss Realty Partners, the seller, in the transaction. The buyer was Chevy Chase, Md.-based Zuckerman-Gravely Development.
VIRGINIA BEACH, VA. — Cushman & Wakefield/Thalhimer has arranged the $5.4 million sale of Parkway 3 & 4, two office/warehouse buildings totaling 64,186 square feet located at 2697 International Pkwy. in Virginia Beach. Katherine Campbell of Cushman & Wakefield/Thalhimer's Virginia Beach office represented Virginia Beach-based Continental Properties Corp., the seller, in the transaction and procured the buyer, Santa Fe, N.M.-based Rosemont Realty.