NEWMARKET, N.H. — Hagan Design and Machine Inc. has leased 24,000 square feet of industrial space at 2 Forbes Rd. in Newmarket. David Choate of the Portsmouth office of Grubb & Ellis represented the tenant in the transaction. Brandt Atkins of New Hampshire Real Estate represented the landlord, NIP-Lot 6 LLC. Hagan is a full-service electrical discharge machining service center.
NEW YORK CITY — East Harlem-based Lettire Construction Corp. has finished construction on The Ciena and Hobbs Court, two affordable rental complexes that total 339 units, in East Harlem.The Ciena, located at 314 E. 100th St., is a rehabilitation of five existing buildings. Hobbs Court consists of two new, nine-story buildings located at 315 E. 102nd St. The project team included Lettire Construction, Phipps Houses, Urban Builders Collaborative and MGH Architects. The Ciena and Hobbs Court were the first developments in the U.S. to receive $25 million in Tax Credit Assistance Program funds.
NEW YORK CITY — Regus has leased two floors totaling 52,274 square feet of office space at 112 W. 34th St. in New York City. Regus, which provides virtual offices and videoconferencing to clients on a contract basis, is relocating from 11 Penn Plaza. Mark Ravesloot and William Iacovelli of CBRE represpented Regus in the transaction. Mitchell Arkin, Kelli Mekles and Haley Klein of Cushman & Wakefield represented the landlord, W&H Properties.
MCKINNEY — Segars McKinney has purchased a 70,200-square-foot industrial property, located at 1720 Bray Central in McKinney, from JPMorgan Chase. Holmes Davis of Binswanger's Dallas office represented the buyer in the transaction. Eric Deuillet and Bob Kent of Structure Commercial represented the seller.
NEW BRAUNFELS — Marcus & Millichap has secured $10.32 million in refinancing with cash-out for a 164-unit multifamily property in New Braunfels. Jake Roberts and Anita Paryani of Marcus & Millichap's West Los Angeles office arranged the 7-year loan with a 30-year amortization schedule.
FLOWER MOUND — CIG Retail Properties has acquired 31,939 square feet of retail space from Town View Plaza Ltd., located at 1900 Long Prairie Rd. in Flower Mound. Jennifer Pierson and Beth Pierson of CBRE's Dallas office represented the seller in the transaction.
ARLINGTON — Lee & Associates has arranged a 50,888-square-foot flex lease, located at 2300 E. Randol Mill Rd. in Arlington. Mark Graybill and Donnie Rohde of Lee & Associates Dallas/Fort Worth office represented the landlord, RREEF Asset Management, in the lease transaction. Ken Boyd with Dallas-based Jackson & Cooksey represented the tenant, Petmate.
BIG SPRING — Houston-based Central Management has been retained as property manager for the 27,074-square-foot Big Spring Marketplace, a shopping center located at 111 E. Marcy Dr. in Big Spring. Jan Echard of Central Management's Dallas office will serve as the property manager.
BIRMINGHAM, ALA. — The 150-room former Hyatt Place Hotel, located at 2024 4th Ave. South in Birmingham, has been sold for $19.25 million. Additionally, the hotel has been converted to the SpringHill Suites by Marriott brand. Teague Hunter of Hunter Realty's Atlanta office represented Capmark Financial, the seller, in the transaction. The buyer was Ascent Hospitality.
FORESTVILLE, MD. — Morgan Property Group has sold a 19,620-square-foot retail property, located at the intersection of Marlboro Pike and Donnell Drive in Forestville, to Scottsdale-Miller Associates LP II and HHL & HL-Indiana for $10.8 million. The property is leased to Walgreens and Sherwin Williams. Dean Zang of Marcus & Millichap's Philadelphia office represented both parties in the transaction.
