RENTON, WASH. — Jones Lang LaSalle has closed a sale-leaseback for a 131,860-square-foot, Class B industrial/manufacturing building in Renton. Terms of the sale and leaseback were not disclosed. The property was sold to DCT Industrial from HGK Renton Property LLC. The facility is fully leased to Allpak Trojan. Chris Spofford of JLL’s Seattle office advised Allpak Trojan on the sale-leaseback.
OXNARD, CALIF. — Accurate Metal Fabricators has signed a five-year lease for a 94,000-square-foot manufacturing building in Oxnard. The building, which is located at 1400 Statham Parkway, also includes 10,000 square feet of office space. The custom fabrication company was represented by Paul Farry of CBRE’s Ventura, Calif., office and Dave Desper of the firm’s Newport Beach, Calif., office. The building’s landlord, Pacific Prime Properties, was represented by George Eales, Mitch Conlee and Mike Walsh of Daum Commercial.
ALTAMONTE SPRINGS, FLA. — CBRE has brokered the $63.15 million sale of the combined 876-unit Timberlake and The Glades, a two-property garden-style apartment community located in Altamonte Springs. The property is currently 93 percent leased. Shelton Granade and Luke Wickham of CBRE's Orlando office represented the seller in the transaction. GoldOller Real Estate Investments was the buyer.
FORT MILLS, S.C. — Marcus & Millichap has arranged the sale of a 74,844-square-foot office building, located at 1830 MacMillian Park Dr. in Fort Mill. The property is fully leased to corporate headquarters of Continental Tire the Americas. David “Britton” Burdette of Marcus & Millichap's Atlanta office represented the seller, Charlotte, N.C.-based Forsite Development, in the transaction. Jamie Medress and Mark Ruble of Marcus & Millichap's Phoenix office represented the buyer, Milwaukee-based Investor Associated, which acquired the property as part of a 1031 exchange. Hendrick Construction will complete a $3 million, 90,994-square-foot expansion on behalf of the buyer.
DORAL, FLA. — C-III Realty Services has sold two industrial properties in Doral in separate transactions for a total of $5.87 million. The company had foreclosed on the properties earlier this year. Sky Mart Investments purchased a 30,000-square-foot warehouse, located at 9475 NW 13th St., for $2.2 million. Miami-based K.G. International acquired a 44,100-square-foot warehouse, located at 9800 NW 17th St., for $3.67 million. Steven Medwin, Nick Wigoda and Harry E. Wardell of Jones Lang LaSalle's Miami office represented the seller in the transactions. Hallandale, Fla.-based Capital Commercial represented Sky Mart Investments and Franklin Street Realty represented K.G. International.
MOUNT HOLLY, N.C.; DECATUR AND CONYERS, GA. — Bill Matone of NorthMarq Capital's Charlotte office has arranged four first mortgage refinancings, totaling $27.07 million, for four multifamily properties in the Southeast. Three loans were arranged on behalf of Triangle Real Estate: $11.8 million in financing for the 256-unit The Cloisters of Mount Holly and $2.77 million for the 72-unit Riverfront Apartment Homes, both located in Mount Holly. Additionally, a $5 million loan was provided for the 254-unit Covington Glen Apartment Homes in Decatur. Matone also secured $7.5 million in financing for the 200-unit Bridlewood Apartment Homes in Conyers on behalf of Gastonia, N.C.-based Southwood Realty Co. The four loans all have a 10-year term with a 30-year amortization schedule and were arranged through Freddie Mac.
DORAL, FLA. — Four tenants have signed leases totaling 106,000 square feet at Beacon Centre, located at NW 25th Street and NW 84th Avenue in Doral. Lifeline Pharmaceuticals leased 21,000 square feet and was represented by Kathy Zerbone of Doral-based Easton & Associates. Codotrans leased 42,000 square feet and was represented by Devin White of CBRE's Miami office. Worldpac signed a long-term renewal for 28,000 square feet and was represented by Brian Smith of Cushman & Wakefield's Miami office. BR-1 signed a 15,000-square-foot renewal and was represented by Gabe Menocal of Miami-based NAI Miami. Thomas Kresse, Walter Byrd and Ben Eisenberg of Transwestern's Miami office represented the landlord, RREEF, in all four lease transactions.
MINNEAPOLIS, MINN. — NorthMarq Capital's Minneapolis regional office arranged first mortgage refinancing of $7.1 million for the Stadium Village Apartments, a 121-unit multifamily property located in Minneapolis. Daniel Trebil of NorthMarq arranged the financing for the borrower through NorthMarq's correspondent relationship with a bank. The 5-year loan has a 30-year amortization schedule.
MILWAUKEE, WIS. — Jonco Properties LLC has purchased a 23,100-square-foot industrial property, located at 5800 W. Douglas Ave. in Milwaukee, Wis. from Colt Family Partnership. Anthony Huenerbein, Dave Hazenfield, Samuel Dickman, Jr. and Samuel Dickman of The Dickman Co. Inc. brokered the transaction.
NEW YORK — Beech Street Capital has provided $24 million in Fannie Mae loans to refinance a 68-unit apartment building in the West Village of New York City. Cary Pollack of Meridian Capital Group LLC originated the transaction, which was financed by Beech Street Capital. The 10-year loan has a 30-year amortization schedule.