ARLINGTON, LEWISVILLE AND FORT WORTH — Bethesda, Md.-based Beech Street Capital has provided $13.8 million in Fannie Mae loans to refinance three apartment complexes totaling 650 units in Arlington, Lewisville and Fort Worth. Larry Sneathern of Beech Street's Dallas office arranged the financing for each complex with 10-year terms.
HOUSTON — New York City-based Angelic Real Estate has secured a $4.57 million loan for the acquisition and tenant improvement costs for 221,000 square feet of office space in High Ridge Business Park, located at 5750 N. Sam Houston Pkwy. E. in Houston. The property has been REO for several months and was 42 percent leased at the time of purchase. Angelic arranged the fixed-rate financing with a 3-year term on behalf of the borrower, a Houston-based private equity firm.
IRVING — Dallas-based Bradford Commercial Real Estate Services has brokered the sale of a 8,348-square-foot retail property, formerly a Pancho's Mexican Buffet restaurant, located at 8312 Camp Bowie W. in Irving, to a Houston-based investor. Brian Scott and Karen Simon of Bradford Commercial represented Rockbay Properties II Ltd., parent of the Pancho's location, in the transaction.
ORLANDO, FLA. — Marcus & Millichap has brokered the $5.25 million sale of a 13,013-square-foot CVS/pharmacy, located at 7300 Curry Ford Rd. in Orlando. Mark Thompson of the Marcus & Millichap's Orlando office represented the seller, a limited liability company, and Gabriel Britti of the firm's Miami office represented the buyer, a private investor.
CHARLOTTE, N.C. – Mt. Pleasant, S.C.-based Ziff Properties has purchased the 60,000-square-foot Maplecrest Industrial Center, located at 2905 Westinghouse Blvd. in Charlotte, for $2.3 million. The buyer was self-represented by Christian Chamblee and Shaun Payne. Rob Speir of Colliers International and Brad Cherry of Jones Lang LaSalle represented the seller.
CENTER POINT, ALA. — The 104-unit Parkway East, a multifamily property located at 1817 Amberwood Dr. in Center Point, has been sold for $1.44 million. Jimmy Adams of Southeast Apartment Partners represented the seller, 1817 Amberwood Drive Holdings, in the transaction. The buyer was Alabama-based The Aletheia House, Inc.
SPRING LAKE, N.C. — Walker & Dunlop has arranged a $13.5 million acquisition loan for the 291-unit River's Edge Apartments, located at 1166 Pine Knoll Dr. in Spring Lake, on behalf of Priderock Capital Partners. The 7-year loan has a 30-year amortization schedule and was secured through Freddie Mac's CME Program.
STREETSBORO, OHIO — Luttner Real Estate Investment Services has arranged the $19.6 million sale of a 368,060-square-foot distribution center, located in Streetsboro. The property is fully leased to Best Buy. Mark Luttner of Luttner Real Estate represented the seller, Ohio-based GEIS Cos., in the transaction. The buyer was a New Jersey based public REIT.
NAPERVILLE, ILL. — JBS Logistics has signed a 303,800-square-foot lease at Building 3 of Prairie Pointe Corporate Center, located at 2043 Corporate Ln. in Naperville. Jeff Fischer of NAI Hiffman represented the tenant in the lease transaction. Rick Daly and Cory Ramey of Darwin Realty represented the landlord, IDI and TIAA.
WEST ALLIS, WIS. — Winter Services has purchased a 33,400-square-foot industrial building, located at West Allis, from Rose Investments. Maximilian Yokosh and Kenneth Braden of Milwaukee-based Cassidy Turley Barry represented the seller in the transaction. Adam Matson of NAI — MLG Commercial represented the buyer.