PHOENIX — Ware Manufacturing has leased 90,000 square feet of space at a multi-tenant building at 1439 S. 40th Ave. in Phoenix. This lease brings the 127,042 square-foot building to full occupancy. The remainder of the space is occupied by Sullivan Moving & Storage. Ware Manufacturing was represented by Ted Liles and Lance Ross of Ross Property Advisors. The landlord, DEXUS Property Group, was represented by Bo Mills, executive director of Cushman & Wakefield.
MORRISVILLE, N.C. — The Connor Group has sold the 300-unit Waterford Apartments, located at 1124 Rose Ridge Dr. in Morrisville, for $28.5 million. Amenities include a swimming pool, fitness center, business center, laundry facility, sand volleyball court and attached garages.
BALTIMORE — Harbor Group International has purchased the 234-unit Belvedere Towers Apartments, located at 1190 W. Northern Pkwy. in Baltimore, from an undisclosed seller for $26.1 million. The buyer plans to invest an additional $2.6 million into exterior and interior renovations, including the completion of unit interior upgrades that were started by the seller. Bill Roohan, Mike Muldowney and Brian Margerum of CBRE's Baltimore office represented the seller in the transaction.
TALLAHASSEE, FLA. — ARA has arranged the $21.7 million sale of the 242-unit Jackson Square Apartments, located at 1767 Hermitage Blvd. in Tallahassee. Kevin Judd of ARA's Jacksonville, Fla., office and Matt WIlcox of ARA's Tampa, Fla., office represented the seller, a TIC, and procured the buyer, Tribridge Residential, in the transaction.
SANFORD, FLA. — Hilton Head Island, S.C.-based Coastal Apartment Advisors has negotiated the $12.45 million sale of the 256-unit Sailpointe at Lake Monroe, located at 401 W. Seminole Blvd. in Sanford. Coastal Apartment Advisors represented the seller, LNR Partners, and procured the buyer, Robbins Property Associates, in the transaction.
ASHEVILLE, N.C. —- Florida-based Babyfish Two has purchased the 95,781-square-foot Gerber Village, a mixed-use property located at the intersection of Hendersonville and Gerber roads in Asheville, from HMP Properties for $8.9 million. Mike Burkard and Steve Shields of CBRE's Charlotte, N.C., office represented the seller, and Key Commercial Real Estate's Asheville office represented the buyer. Gerber Village is anchored by Office Depot and was 64 percent leased at closing to tenants such as Charles Schwab, Verizon Wireless, Five Guys Burgers & Fries, Frankie Bones Restaurant & Lounge and The Thirsty Monk. The property features 60,111 square feet of retail space, 27,572 square feet of office space and seven residential units totaling 8,098 square feet.
CHICAGO — The 105,000-square-foot Village Market, located at 333 Benton Pl. in Chicago, has opened its two anchor tenants — a 55,000-square-foot Mariano’s Fresh Market, and a 13,000-square-foot III Forks Prime Steakhouse. Additional tenants to open in 2012 include Maison A Brasserie, Eggy’s and Cuticle Nail Salon. Magellan Development Group and Hanwha Engineering & Construction were the joint venture developers on the project. Loewenberg Architects designed the property for LEED Silver certification and McHugh Construction built it.
CALEDONIA, WIS. — The 40-unit Maplewood Apartments, located at 3017 Six Mile Rd. & 6900 Middle Rd. in Caledonia, has sold for $2.25 million. Gordon Steimle and Susan Sardina of Milwaukee-based Ogden & Co. represented Maplewood Associates, the buyer, in the transaction.
OVERLAND PARK, KAN. — NorthMarq Capital has arranged $5.28 million in first mortgage financing for the 136-unit Bremerton Park, located at 6313 W. 75th St. in Overland Park. Greg Duvall of NorthMarq's Kansas City, Kan., office closed the 10-year loan with a 30-year amortization schedule through Freddie Mac.
CAMBRIDGE, MASS. — Skanska USA Commercial Development has commenced construction on a $70 million laboratory and office building, located in Kendall Square at 150 Second St. in Cambridge. The property has been pre-certified for LEED Gold certification. Boston-based Elkus Manfredi designed the property, and Jones Lang LaSalle will be the leasing agent.