ATLANTA — Atlanta-based McCarthy Building Cos. has been selected for the $42 million, 140,000-square-foot Kaiser Permanente's Glenlake Comprehensive Medical Center, located at 20 Glenlake Pkwy. in Atlanta. Construction will begin the second quarter of 2012 and will include the addition of 100,000 square feet to the existing facility, as well as the renovation of 40,000 square feet. With these improvements, the facility will be equipped to provide around-the-clock medical care and services. Completion is slated for March 2014.
Property Type
CARY, N.C. — Bell Partners has purchased the 360-unit Century Preston Reserve Apartments, a Class A apartment community located at 200 Berwick Valley Ln. in Cary, for $40.5 million. Bell plans to manage the property, which will be renamed Bell Preston Reserve.
LAWRENCEVILLE, GA. — Atlanta-based Carroll Organization has purchased the 222-unit Carrington Place Apartments, located at 156 Bethesda Church Rd. in Lawrenceville, from Atlanta-based Davis Development for an undisclosed price. Colliers International represented the seller in the transaction.
CHARLESTON, S.C. — Chaleston-based One Eleven Partners has brokered the sale of the 200-unit Ashley Crossing Apartments, located at 2235 Ashley Crossing Dr. in Charleston. Chris Yeagle of One Eleven represented the seller, GS Ashley Crossing, in the transaction.
HANOVER, MD. — DTLR has signed a 139,690-square-foot lease for a warehouse facility, located at 7458 Candlewood Rd. in Hanover. DTLR is consolidating its office and warehouse operations at the property. Ben Meisels, Matt Larraway and Mike Elardo of Cushman & Wakefield's Baltimore office represented First Potomac Realty Trust, the landlord, in the lease transaction. Mike Roden and John Wilhide of CB Richard Ellis' Baltimore office represented the tenant.
OAK PARK, MICH. — Southfield, Mich.-based Signature Associates has negotiated the sale of a 95,148-square-foot industrial building, located at 13000 W. Eight Mile Rd. in Oak Park. Paul Hoge of Signature Associates represented the seller, GHB, in the transaction and Steve Gordon, also of Signature Associates, represented B & S Property Holding, the buyer.
OMAHA, NEB. — Omaha-based Q 10 — Daisley Ruff Financial has arranged $4.92 million in financing for a 49,101-square-foot office building, located in Omaha. E.T. Daisley secured the loan through a correspondent lender.
INDIANAPOLIS — David A. Noyes & Co. has signed a 38,880-square-foot lease at One West in Parkwood West, located at 250 W. 96th St. in Indianapolis. The company will relocate and consolidate its operations in December 2011 from downtown. Bill Ehret of Indianapolis-based Summit Realty Group represented the tenant in the lease negotiations. Duke Realty is the landlord.
NEW YORK CITY — The 42-unit The Kingsland, located at 838 Riverside Dr. in New York City's Washington Heights neighborhood, has been sold for $9.4 million. The property spans 56,190 square feet and features new gas lines and a rubber roof. Robert Shapiro of New York City-based Massey Knakal represented the undisclosed seller in the transaction.
ROCKLAND COUNTY, N.Y. — Marcus & Millichap has arranged $17 million in construction financing for a 110-unit luxury multifamily property, located in Rockland County. Steven Rock of Marcus & Millichap's Manhattan office arranged the loan.