NORTH ATTLEBOROUGH, MASS. — BWE has provided a $13.1 million Freddie Mac acquisition loan for Branches of North Attleboro, a 104-unit seniors housing property in North Attleborough, located near the Massachusetts-Rhode Island border. The property offers assisted living and memory care services and amenities such as a salon, fitness center, library, courtyards and various recreational spaces. Taylor Mokris and Ryan Stoll of BWE originated the nonrecourse, fixed-rate loan on behalf of the undisclosed borrower. Benchmark Senior Living operates the property.
CHICAGO — JLL Capital Markets has brokered the $30 million sale of The Retail and Parking at Marina City, a 146,000-square-foot retail, dining and entertainment complex with structured parking along the Chicago Riverwalk. The property, situated at the base of two condominium buildings, is located at 333 N. Dearborn St. in the heart of the city’s River North neighborhood. Designed in 1958 by architect Bertrand Goldberg, the property was designed as a “city within a city” and has been a popular destination for locals and tourists. Prominent retail tenants include Smith & Wollensky, Legal Sea Foods, Yolk, Spin, 10Pin, Tortoise Supper Club and Jefferson Beach Yacht Sales. Michael Nieder, Keely Polczynski and John Dettlaff of JLL represented the seller, Pebblebrook Hotel Trust. Sperry Equities was the buyer.
HANOVER PARK, ILL. — Marcus & Millichap has negotiated the $7.2 million sale of Hanover Square, a 111,828-square-foot shopping center in the Chicago suburb of Hanover Park. Located at 6606 Barrington Road, the property is home to a mix of national, regional and local tenants with two outlots anchored by a full-service grocer and a gymnastics training center. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, a government agency. Buyer information was not provided.
OVERLAND PARK, KAN. — Adams Brown LLC, a CPA and advisory firm, has unveiled plans to relocate its Overland Park office to the Aspiria campus. The move is expected to take place in the fourth quarter of 2024. With numerous office locations throughout the central region, Adams Brown specializes in serving those in the agriculture, construction, manufacturing, dental and physician practice, local government and closely held businesses. The firm has operated in the Kansas City market since 2017 and has outgrown its current office space. Wichita-based Occidental Management owns and manages the Aspiria campus, which is the redevelopment of the former Sprint campus.
NEW YORK CITY — JLL has arranged the $7.5 million sale of a 26-unit apartment building located at 200 Mott St. in Manhattan’s Nolita neighborhood. The seven-story building houses one- and two-bedroom units and a retail space that is leased to an Italian restaurant. Hall Oster, Guthrie Garvin, Teddy Galligan, Conrad Martin, Braedon Gait and Bradford Burton of JLL represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the deal. The buyer plans to implement a value-add program.
LAS VEGAS — Las Vegas Valley Water District (LVVWD) has purchased a vacant office building, located at 330 S. Valley View Blvd. in Las Vegas, from a private seller for $21.2 million. Built in 1983 on 10 acres, the two-story building offers 166,409 square feet of office space. The property, as it currently stands, features an atrium, open floor plan with HVAC control systems, controlled access at exterior and major interior doorways, and 870 parking spaces. Additionally, the facility features call-center-quality networking, including redundant fiber optics, Cat6 ethernet cabling and a backup generator servicing the building’s critical systems. LVVWD currently owns 251.5 acres of property directly across the street from the acquisition. The existing portfolio includes administrative buildings, operations support, utility infrastructure, public education buildings and special land preservation area. Marlene Fujita Winkel, Emily Brun and Cody Seager of Cushman & Wakefield’s Private Capital Group in Las Vegas represented the private seller in the transaction.
CHICAGO — Interra Realty has arranged the sale of a 10-unit apartment building in Chicago’s Wicker Park neighborhood for $4.6 million. According to CoStar data, the sales price marks one of the highest ever in the submarket. Located at 1220 N. Bosworth Ave., the property consists of four one-bedroom units, four two-bedroom units and two four-bedroom residences. Amenities include bike storage, a fitness center and rooftop deck. Constructed in 2020, the building was fully occupied at the time of sale. Brad Feldman of Interra represented the seller, a real estate operator for whom he brokered the original acquisition in 2021. Feldman also sourced and represented the buyer, a Chicago-based investment group that assumed the existing loan as part of the deal.
KANSAS CITY, MO. — Duck Donuts is opening a 1,500-square-foot shop at the Antioch Annex shopping center in Kansas City. The lease marks the Pennsylvania-based donut brand’s first location in Kansas City. Dan Sweeney of Curry Real Estate Services represented ownership on an internal basis. Duck Donuts plans to open in late February. The company began franchising in 2013 and now maintains more than 130 locally owned and operated shops across the country.
SUMMIT, N.J. — Cushman & Wakefield has brokered the $2.8 million sale of a mixed-use building in the Northern New Jersey community of Summit. The fully leased building at 351-353 Springfield Ave. consists of three apartments and two retail spaces, as well as a three-car garage. Andy Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller and procured the buyer in the transaction. Both parties requested anonymity.
PARAMOUNT, CALIF. — PSRS has arranged $25 million in cash-out refinancing for an industrial property in the Los Angeles suburb of Paramount. Built in 1979, the property is a concrete tilt-up, 282,000-square-foot facility with 270 parking spaces. David Semmer of PSRS provided the undisclosed borrower with a nonrecourse loan with an eight-year term and 25-year amortization schedule. The loan was financed with a life insurance company.