PONTIAC, MICH. — Colliers International has arranged the sale of a 24,000-square-foot athletic center, located at 124 W. Columbia Ave. in Pontiac, Mich. for $200,000. Gary Gruskowski of Colliers International's Michigan office represented the seller, Boys and Girls Clubs of Southeastern Michigan in this transaction. The buyer was Stars Place Inc.
LEXINGTON, MASS. — NAI Hunneman has brokered the sale of Captain Parker Arms, a 94-unit, 11-building apartment complex in Lexington, Mass. for $20.8 million. David Ross and Gina Barroso of NAI Hunneman's Boston office represented the seller, Captain Parker Arms Apartments and procured the buyer, Avalon Bay VAF Acquisition II.
SECAUCUS, N.J. — Holliday Fenoglio Fowler LP has arranged $6 million in financing for 501 and 601 Penhorn Ave., two industrial buildings totaling 100,000 square feet in Secaucus, N.J. Holliday Fenoglio Fowler worked on behalf of Bhasin Properties to secure the long-term, fixed-rate loan through Principal Real Estate Investors. Both properties are fully leased.
BRONX, N.Y. — Houlihan-Parnes Realtors LLC, a real estate investment company, has closed a $5 million loan on a 12,250-square-foot retail property, located at 4174 White Plains Rd. in Bronx, N.Y. Tenants include T-Mobile, McDonald's and H&R Block. Jim Coleman and Jerry Houlihan represented Houlihan-Parnes in the transaction. The loan term is 10 years.
NORWOOD, MASS. —Waltham, Mass.- based Hobbs Brook Management LLC recently broke ground on a 160,000-square-foot Class A office building in Norwood, Mass. The four-story building, located at 1175 Boston/Providence Hwy., will be shared by FM Global, an insurance company, and Dedham Medical Associates. The building was designed by Margulies Perruzzi Architects and includes a shared cafe and separate lobby entrances. Hobbs Brook Management is the owner and operator of the property. The project is slated for completion in 2013.
TOMS RIVER, N.J. —Strategic Storage Trust, a self-storage REIT, purchased a 630-unit self-storage property in Toms River, N.J. for $5.7 million. Located at 3200 Route 37 E., the facility consists of two three-story buildings. John Barry of Investment Real Estate LLC represented Strategic Storage Trust in the transaction.
DALLAS — Seven tenants have executed leases for a total 33,185 square feet at the 510,528-square-foot Providence Towers, a Class A office tower located at 5001 Spring Valley Rd. in Dallas. The activity includes Confidence Music leasing 3,914 square feet; Risk Placement Services leasing 1,480 square feet; Custom Staffing leasing 3,934 square feet; The Hay Group leasing 8,285 square feet; Lucas Associates leasing 10,056 square feet; Mullin TBG Insurance Agency Services leasing 3,532 square feet and Paranet Solutions leasing 1,984 square feet. KBS partnered with Transwestern to complete these transactions.
SUGAR LAND — An investment partnership has purchased the 30,000-square-foot Voss Road Storage at 15492 Voss Rd. in Sugar Land. The undisclosed seller was represented by Neil Martin and Taylor Schmidt of the Finial Group, and the buyer was represented by Eric Smith and Peter Meyer of Self Storage Brokers of America.
DENVER – The West Washington Park Portfolio, which consists of 46 apartment units and one retail unit located in four separate buildings throughout Denver, has sold to a local private investor for $3,854,000. The portfolio included 13 units and one retail unit located at 700 East 1stAve.; 12 units at 66 Clarkson Street; 11 units at 65 Ogden Street; and 11 units at 59 Ogden Street. ARA Denver’s Terrance Hunt and Shane Ozment represented the seller, a local private investor, in this transaction.
BREA, CALIF. — SAME Investments LLC has purchased a 99,552-square-foot industrial warehouse in Brea. The company plans to operate its screen printing business at the facility, which is located at 333 Cliffwood Park Street. SAME was represented by Joseph Miller and Stan Kwak of Voit’s Anaheim office. CBRE’s Sean Ward, Ben Seybold and Shin Kim represented the seller, Kirkhill-TA Co.