LOMBARD, ILL. — Atlanta-based Floor & Decor Outlets of America has leased 87,385 square feet of retail space at the Landings of Lombard, located on I-355 and North Avenue in Lombard, Ill. Stuart Lenhoff, Barry Millman and Jason Lenhoff of Buffalo Grove, Ill.-based Horizon Realty Services represented the landlord, Midwest Real Estate Equities. Gil Fitzgerald and Kevin Gallagher of Fitzgerald Real Estate represented Floor & Decor in the transaction.
BIRMINGHAM, MICH. —National retailers J. McLaughlin and Paper Source are opening new stores in The Birmingham Shopping District in Birmingham, Mich. Paper Source, opening in November, will occupy approximately 3,200 square feet at 115 W. Maple Rd. J. McLaughlin is now open at 268 W. Maple Rd. in a 1,600-square-foot space across from Paper Source.
CHICAGO — Dallas-based Behringer Harvard has closed on $340 million in financing for its Behringer Harvard REIT I Inc. The secured credit includes a $200 million loan and a $140 million revolving credit facility, each with a three-year term and two one-year extension options. The $340 million will be used to refinance 10 & 120 S. Riverside Plaza in Chicago. KeyBanc Capital Markets and J.P. Morgan Securities arranged the credit facility on the deal.
BOSTON — Boston Realty Advisors has completed the $4.7 million sale of Longwood Portfolio, an 11-unit portfolio in Boston's Mission Hill neighborhood. Christopher Sower and Jason Weissman of Boston Realty Advisors, along with Better Place Realty, represented the seller, Palatine Mission Hill. The portfolio consists of three buildings: 163 Calumet St., 170 Hillside St. and 2 Wigglesworth St. The buyer, Fosher Management, was self-represented.
MANHATTAN — Beth Israel Medical Center has signed a 112,941-square-foot, 15-year lease renewal for office space at 555 W. 57th St. in Manhattan. The health care provider will remain in the 20-story, 975,983-square-foot building, which is 99 percent occupied. Josh Kurlioff of Cushman & Wakefield represented Beth Israel. The landlord is SL Green Realty Corp.
NEW ROCHELLE, N.Y. —Purchase, N.Y.-based WestMed Medical Group, a multi-specialty group medical practice, has leased 28,000 square feet of medical office space at 171 Huguenot Ave. in New Rochelle, N.Y. Frank Tomasulo of CBRE represented the tenant, WestMed, and CBRE's William Cuddy, Jr. and Budd Wiesenberg represented the owner, Silwis LLC in the transaction. WestMed plans to occupy the facility in 2012.
FORT WORTH — Global Income Trust has purchased the 164,000-square-foot Heritage Commons IV, a Class A office building located in Fort Worth in the AllianceTexas master planned development, for $31 million. The property is fully leased to Mercedes-Benz Financial Services USA. Global Income Trust is sponsored by CNL Financial Group.
RICHARDSON — Franklin Street Properties Corp. has purchased the 122,300-square-foot AT&T Services Building, an office building located at 1410 Renner Rd. in Richardson. The property is fully leased to AT&T Services through 2018 and is a part of the Richardson Telecom Corridor. The property also has two subtenants — Stewart Title of North Texas and The Dallas Morning News, owned by A.H. Belo. Gary Carr, Eric Mackey and Russell Ingrum of CBRE's Dallas office represented the seller, LBA Realty, in the transaction.
COPPELL — CBRE has secured $13.5 million in financing for the 90,225-square-foot Coppell Market, a grocery-anchored shopping center located at the northeast corner of North Denton Tap Road and Highway 121 in Coppell. The shopping center is anchored by a 69,800-square-foot Market Street store and was 97 percent leased at the time of closing. Scott Lewis of CBRE's Debt & Equity Finance Group in Dallas arranged the 10-year loan with a 30-year amortization schedule through Goldman Sachs Commercial Mortgage Capital on behalf of the borrower, an entity controlled by UCD Development and Rainier Capital Management.
FORT WORTH — Ecolab has signed a 101,500-square-foot industrial lease at 1801 Riverbend W. Dr. in Fort Worth. Richard Minker of CASE Commercial Real Estate Partners' Fort Worth office represented the landlord, Michael Milliorn, and Ken Boyd of Dallas-based Jackson Cooksey represented the tenant.