BROOKFIELD, WIS. — Cincinnati-based Phillips Edison Strategic Investment Fund II has closed on the purchase of Brookfield Town Centre in Brookfield, Wis. for $15.4 million. The 188,000-square-foot retail center is located on the southwest corner of West Capitol Drive and Brookfield Road. The center is anchored by Sendik's Fine Foods and includes more than two dozen shops and restaurants. The property was purchased from Harris Bank, which foreclosed on the property in 2010.
MANHATTAN — Construction is complete on the new 2,500-square-foot Swatch flagship store, located at 666 5th Ave. in Manhattan. The Swiss watch chain is situated between Hollister and Uniqlo on the ground floor of the 41-story office tower. The store, which is now open, includes chandelier lighting and custom fabric wall applications. New York-based IBEX Construction provided general contracting service for the store, which was designed by Norman DiChiara Architects P.C.
BETHLEHEM, PA. — Allentown, Pa.-based NAI Summit represented Winside Industrial Group in leasing more than 6,500 square feet of warehouse space in Bethlehem, Pa. New York-based Billitier Electric, an electrical contracting company, leased 3,200 square feet at 6323 Winside Dr. Philadelphia-based MPN. Inc. leased 3,470 square feet at 6363-6383 Winside Dr. Michael Adams of NAI Summit represented both parties in each transaction.
SHELTON, CONN. — Washington Trust's Commercial Real Estate Group provided a $1.9 million commercial mortgage to 889 Bridgeport Properties LLC for the acquisition of a 55,582-square-foot office building in Shelton, Conn. Located at 889 Bridgeport Ave., the two-story building is situated on more than eight acres.
BURLINGTON, MASS. — The Northbridge Co. held a groundbreaking for its 110-unit assisted living and memory care community, located at 50 Network Dr. in Burlington, Mass. Situated on nearly nine acres of undeveloped land, the project will include one-and two-bedroom apartments, a cafe and theater. The development team includes Chelsea, Mass.-based The Architectural Team, Bridgewater, Mass.-based Callahan Construction and Needham, Mass.-based Waypoint Construction Consultants. The community is scheduled to open in the fall of 2012.
AMARILLO — Canyon Long Term Care has plans to build a 120-bed skilled nursing facility in Amarillo. Canyon is working with LTC Properties, the landlord, to develop the 50,000-square-foot facility. The new facility will replace an old healthcare facility in Canyon and will feature multiple dining areas and private rooms with bathrooms and showers. Construction is slated to begin this year and the facility is expected to open in late 2012.
ROCKWALL — Stan Johnson Co. has arranged the sale of a 5,005-square-foot retail building fully leased to Starbucks and Genghis Grill, located at 1699 Laguna Dr. in Rockwall. Hunter Jaggard of Stan Johnson Co.'s Houston office represented the seller, RM Crowe. Richard Fausset of Fausset Neely represented the buyer, a private investor, in the transaction.
THE WOODLANDS — RPC Oil and Gas has leased a 79,000-square-foot office/warehouse property, located in Black Forest Technology Park at 2828 Technology Forest Dr. in The Woodlands. The facility consists of 61,000 square feet of office space and approximately 18,000 square feet of warehouse space. Rob Banzhaf, Trey Halberdier and Tiffany Nuche of BANDIER Realty Partners represented the tenant, and the landlord, The Woodlands-based Black Forest Ventures, was self-represented by Sean Quinn.
MOUNTAIN VIEW, CALIF. – Synopsys and 690 E. Middlefield Road Fee, a joint venture of Dostart Development Company and Rockwood Capital, have entered into a long-term lease agreement for a new Class A office campus in Mountain View. The project is located at 690 E. Middlefield Road and is entitled for 340,000 square feet. It is scheduled to open in 2015 and is designed to achieve LEED-Gold certification. Synopsys was represented by Warren Wixen and Scott Flanagin of Warren Wixen Real Estate Services, and Gregg von Thaden and Jeffrey Nochimson of Colliers International. The joint venture was represented by Phil Mahoney, Jeff Arrillaga and Kevin Cunningham of Cornish & Carey Commercial Newmark Knight Frank.
WOODLAND HILLS, CALIF. — Music Reports has leased 31,630 square feet at 21122 & 21204 Erwin Street in the Warner Center area of Woodland Hills. This additional space will allow Music Reports to expand with its growing business. It also occupies an adjacent building. Jay Rubin and Marc Spellman of Lee & Associates-LA North/Ventura represented both the tenant and the landlord, Turnberry Properties, in this transaction.