NEENAH, WIS. — NAI MLG Commercial has negotiated the sale of a 83,100-square-foot warehouse, located at 2411 Industrial Dr. in Neenah. Steven Boysa of NAI MLG Commercial's Appleton, Wis., office represented Outlook Group Corp., the seller, in the transaction. The buyer was Baitan Enterprises.
ROMULUS, MICH. — DHL Global Forwarding has signed a 100,000-square-foot industrial lease renewal, located at 11400 Metro Airport Center Dr. in Romulus. Brad Viergever and Mark Hamway of Southfield, Mich.-based Signature Associates represented IAC Metro, the landlord, in the lease transaction.
RAHWAY, N.J. — A private investor has purchased the 136-unit River Place at Rahway, a multifamily property located at 190 Lewis St. in Rahway, for $26.25 million. Joseph Brecher and David Schwarz of Livingston, N.J.-based Gebroe-Hammer Associates represented the seller, a New Jersey-based builder and developer, and procured the buyer.
YONKERS, N.Y. — New York City-based Time Equities has purchased the 10,000-square-foot 180 McLean Avenue, a retail property in Yonkers (currently leased to Duane Reade) for $3.45 million. Time Equities was self-represented by Amy Ziff, and Gelcor Real Estate and CB Richard Ellis represented the undisclosed seller.
TULSA, OKLA. — Dallas-based Metropolitan Capital Advisors has arranged two mortgages for the 226-unit Arbors of Southern Hills and the 328-unit Sand Dollar on the River in Tulsa. Both properties (located at 6630 S. Zunis Ave. and 910 E. 61st St. S., respectively) are more than 90 percent occupied. Todd McNeill of MCA arranged both loans with 10-year term and 30-year amortization schedule through a Fannie Mae DUS loan program.
HOUSTON — NorthMarq Capital has arranged permanent financing for the 304-unit Broadstone West 18th, a multifamily property located at 2727 W. 18th St. in Houston. Greg Duvall of NorthMarq's Kansas City, Mo., office arranged the financing with a 10-year term and 30-year amortization schedule through AmeriSphere Multifamily Finance on behalf of the borrower, West 18 Street Apartments Owner.
HOUSTON — Consolidated Container Co. of Texas has leased 93,170 square feet of industrial space, located at 3262 E. Loop N. in Houston. Edward Bane of Holt Lunsford Commercial's Houston office represented the landlord, TA Associates Realty. Ron Roberson and Scott Heard of Caldwell Cos.' Houston office represented the tenant in the lease transaction.
KENT, WASH. – The 28,512-square-foot Old Orchard Shopping Center has sold to a limited liability company for $5.4 million. The center is anchored by Value Village, O’Reilly Auto Parts and Washington Federal Savings Bank. The property was marketed exclusively by Dino A. Christophilis, an investment specialist in Marcus & Millichap’s Seattle office on behalf of the seller, which was also a limited liability company. Christophilis represented the buyer, as well.
HUNTINGTON BEACH, CALIF. – A 20,200-square-foot industrial building in Huntington Beach has sold to 17832 Gothard, LLC for $2.32 million. The owner-user manufacturing facility is currently occupied by Creative Imaginations. Carl Capitano of Re/Max Masters Realty represented the buyer. Mike Bouma of Voit Real Estate Services’ Anaheim Metro office represented the seller, Empty Suits.
TEMPE, ARIZ. — Anasazi Software has leased 19,685 square feet at the Warner Business Center in Tempe. The company will be expanding as it moves from 14,000 square feet at a building in Ahwatukee, Ariz. The move is set for January 2012, at which time the seven-year lease will commence. Anasazi was represented by Jerry McCormick and John Werstler in CBRE’s Phoenix office. Pete Wentis, Kevin Cosca, Bill Bayless and Andrew Brigham, also of CBRE’s Phoenix office, represented the landlord, Carlson Real Estate Company.