FRANKLIN, MASS. — NAI Hunneman has arranged the sale of a former retail building located at 750 Union St. in Franklin. 750 Union Street LLC acquired the property from US National Bank Association for $2.6 million. The buyer plans to redevelop the 25,852-square-foot former Boston Sports Club into a medical office building. Ovar Osvold of NAI Hunneman procured the buyer, while Osvold, Cathy Minnerly, Leeanne Rizzo, Ned Halloran and Sean Hannigan, also of NAI Hunneman, represented the seller in the deal.
HOFFMAN ESTATES, ILL. — Aries/Conlon Capital has arranged a $3.4 million bridge loan for the refinancing of Golf Higgins Center in Hoffman Estates. Formerly anchored by Tiger Direct, the 28,308-square-foot retail strip mall is located at 675 W. Golf Road. Rushi Shah of Aries/Conlon Capital arranged the loan and is also a co-owner of the new Ace Hardware store, which will anchor the property. The store will officially open on Friday, Sept. 15. The non-recourse loan paid off the borrower’s existing loan and enabled the funding of the necessary tenant improvements to open the Ace Hardware store. The loan will be refinanced to permanent debt in the future. Jagmohan Jayara is the property owner and borrower.
SAN JACINTO, CALIF. — Progressive Real Estate Partners has arranged the $4.9 million sale of Dollar General Town Center, a 27,112-square-foot retail center located in the Inland Empire community of San Jacinto. Dollar General anchors the fully occupied center. Greg Bedell of Progressive represented the seller, a private Huntington Beach-based investor, in the 1031 exchange transaction. Rob Sauser of PMZ Commercial represented the buyer, a private family trust based in Newport Beach.
CORONA, CALIF. — Six new tenants are set to open at Metro at Main, a mixed-use development located at North Main and Rincon streets in Corona. Tenants set to open include a 1,845-square-foot Coffee Bean & Tea Leaf; a 3,138-square-foot America’s Best Vision; a 1,398-square-foot Poki Cat; an 859-square-foot Organic Junkie; a 1,337-square-foot Meraki Salon; and a 1,199-square-foot Union Barber & Beer Lodge. The project features over 60,000 square feet of retail and 868 luxury residential units. Paul Galmarini and Gretchen Lastra of Progressive Real Estate Partners represented the landlord in the transactions.
DUNCANSVILLE, PA. — CBRE has brokered the sale of Holliday Towne Center, a community shopping center located at 221 Glimcher Drive in Duncansville. RPAI sold the 83,122-square-foot property to Equity Investment Group for an undisclosed price. At the time of sale, the center was 81 percent occupied. Tenants include a 54,322-square-foot Martin’s Food, Dollar Tree, Domino’s Pizza and Holiday Hair. Brad Nathanson, Adam Rosenzweig, Kyle Prawdzik and John Colussi of CBRE represented the seller and identified the buyer in the transaction.
SUGAR LAND, TEXAS — EDGE Realty Capital Markets has brokered the sale of Greenway Shopping Center, a 7,750-square-foot retail property located at 13400-13414 Greenway Drive in Sugar Land. The property was 100 percent leased at the time of sale. Josh Jacobs, Burdette Huffman and Kevin Holland of EDGE brokered the sale on behalf of the undisclosed seller. Other terms of sale were not released.
COLERAIN AND WEST CHESTER, OHIO — Colliers International has brokered the sale-leaseback of two restaurant properties in Ohio for $5.3 million. Both single-tenant properties are net leased to TGI Friday’s. The property in West Chester sold for $2.2 million while the one in Colerain sold for $3.1 million. Chris Prosser, Jeff Johnston and Steve Timmel of Colliers International represented the seller, Bistro Real Estate Holdings. The buyer was not disclosed.
CARPENTERSVILLE, ILL. — Realty Metrix Commercial has negotiated four new leases at Spring Hill Market Place in Carpentersville, about 40 miles northwest of Chicago. MAACO Collision Repair, Pizza Hut, Tyke Play Kids Gym and Gyradikos have all signed leases at the 95,259-square-foot strip center. Built in 1990, the center is undergoing renovations to coincide with new tenant leases. Linda Kost and Dave Schmidt of Realty Metrix arranged the lease transactions.
NEW YORK CITY — Bestreich Realty Group has arranged the sales of two mixed-use properties located in Brooklyn. In the first transaction, Starr Lofts sold a newly constructed 4,500-square-foot mixed-use building, located at 100 Starr St. in Bushwick. Private investors acquired the property, which features eight multifamily units, for $3.2 million. Derek Bestreich, Steve Reynolds, Tom Reynolds and Greg Rhodes of Bestreich Realty represented the buyer and seller in the deal. In the second transaction, Alchemy acquired a 20,468-square-foot mixed-use property located at 649 Argyle Road in Ditmas Park for $3.9 million. The property features 19 apartments and three retail stores. Bestreich, Erik Rodriguez and Brian Underkofler of Bestreich Realty represented the buyer and seller, a private investor, in the transaction.
NEW YORK CITY — Cushman & Wakefield has arranged the sale of a mixed-use building located at 219 E. 60th St. in Manhattan’s Midtown East section for $5.2 million. Vacant at the time of sale, the five-story building features retail space on the ground and second floors and open-floorplan offices on the remaining floors, which leaves options available for a residential conversion. Clint Olsen, Alex Woodlief and Will Conrad of Cushman & Wakefield represented the undisclosed seller, while Leslie Wang of Essential New York Real Estate represented the buyer, Ling Jiou Mountain Buddhist Society, in the deal.