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NEW YORK CITY — Trinity Place Holdings Inc. (NYSE MKT: TPHS), a real estate investment and management firm, has unveiled plans for a 50-story mixed-use project located at 77 Greenwich St. in New York City’s Financial District in Lower Manhattan. The plan calls for the 285,000-square-foot project to feature 85 luxury residential condominiums and 7,000 square feet of retail space on Greenwich Street, as well as a 476-seat elementary school serving District 2. Trinity Place, owner and developer of the project, declined to disclose the project’s development costs. Slated for completion in 2019, the development site includes the former Syms clothing store and the Dickey House, a Federal-style townhouse constructed in the early 1800s. Trinity Place plans to restore the exterior of the Dickey House and the interior will be adaptively reused. “We are happy to share that we anticipate construction of the project starting this year,” says Matthew Messinger, president and CEO of Trinity Place Holdings. “We are also proud to be working with the New York City School Construction Authority in connection with their efforts to bring a much needed new public school to Lower Manhattan. As Downtown Manhattan continues to see more than $30 billion of public …

RICHLAND, WASH. — HFF has arranged a $110 million acquisition loan for the largest refrigerated warehouse in North America. Completed in 2015, the Class A, 456,412-square-foot cold storage warehouse and distribution facility is located at 2800 Polar Way in Richland. Mark West, Brandon Chavoya and Coler Yoakam led HFF’s team in arranging the loan. The team worked on behalf of the borrower, an affiliate of Lexington Realty Trust (NYSE: LXP), to place the 10-year, fixed-rate loan with MetLife Agricultural Investments. The purchase price wasn’t disclosed, but Lexington Realty Trust’s SEC filings show the price as $155 million. A wholly owned subsidiary of Preferred Freezer Services, a cold storage provider, leases the facility on a long-term, triple net basis. The property consists of 312,755 square feet of freezer capacity that stores product at -10° F and 94,930 square feet of medium temperature mezzanine dock space. Additional building features include an 11,900-square-foot, two-story office; 6,492-square-foot, two-story equipment/utility room; and 30,335 square feet of mezzanine dock space. At the peak, the freezer has a wall height of 115 feet with an interior clear height of 108 feet, which allows for approximately 11 stories of vertical product storage. Additionally, there are 31 manually operated …

SAN BRUNO, CALIF. — Hudson Pacific Properties (NYSE: HPP) has sold Bayhill Office Center in San Bruno to online video distribution company YouTube for $215 million, or $388 per square foot. The sale was an all-cash, off-market transaction. YouTube is a division of Google Inc. (NASDAQ: GOOG) headquartered in San Bruno, 12 miles south of San Francisco. It was founded in 2005 and was purchased by Google the next year. The campus is adjacent to YouTube’s existing headquarters. YouTube is San Bruno’s largest private employer, according to the Silicon Valley Business Journal, with 800 employees. YouTube has not announced any plans for the new space, but has been tweaking its business strategy. In October, the company launched YouTube Red, a paid subscription service. Hudson Pacific acquired the 554,328-square-foot Class A office campus as part of the San Francisco Peninsula and Silicon Valley portfolio purchased in April 2015 from Blackstone. Hudson Pacific Properties acquires, repositions, develops and operates office, media and entertainment properties in West Coast markets. Founded in 2006 as Hudson Capital, the company went public in 2010 as a REIT. Hudson Pacific’s portfolio spans 16.8 million square feet, including land for development, in California and the Pacific Northwest. Google’s stock …

AUSTIN, TEXAS — Stratus Properties Inc. (NASDAQ: STRS) has completed the $150 million refinancing of its mixed-use development in downtown Austin, which includes W Austin Hotel & Residences and Austin City Limits Live at the Moody Theater. The W Austin Hotel is a high-rise luxury hotel located in downtown Austin’s Second Street District and a half-mile from the Austin Convention Center. Amenities at the hotel include a spa, business center and multi-room lobby bar. The hotel is also located next door to Austin City Limits Live at the Moody Theater, a music venue and production facility with a 2,700-seat capacity. Concerts at the theater are taped and aired each year on PBS affiliates nationwide. Goldman Sachs Mortgage Co. provided the 10-year, non-recourse term loan with interest fixed at 5.58 percent and payable monthly based on a 30-year amortization. In September, Stratus purchased the interest in the property of its former partner, Canyon-Johnson Urban Fund II. The purchase was based on a net price of approximately $187.2 million. The trailing 12-month net operating income (NOI) for the W Austin Property at the time Stratus purchased Canyon’s interest was $15.6 million, which equates to a capitalization rate of 8.33 percent. Stratus refinanced …

KANSAS CITY, MO. — Highwoods Properties Inc. (NYSE: HIW) has agreed to sell the historic, 1.3 million-square-foot Country Club Plaza in Kansas City. A joint venture of Taubman Centers Inc. (NYSE: TCO) and The Macerich Co. (NYSE: MAC) will buy the mixed-use center for $660 million. Originally constructed in 1922, Country Club Plaza is a 15-block, 55-acre mixed-use retail and office property in downtown Kansas City. The retail portion of the property includes 804,000 square feet of gross leasable area, and features 45 retailers such as Apple, H&M, Coach, Burberry and Lululemon, as well as restaurants including The Capital Grille and The Cheesecake Factory. The 468,000-square-foot office portion of the property is comprised of the 10-story Valencia tower, which serves as the worldwide headquarters of Lockton Cos., an insurance brokerage firm, and additional office space located above the ground-level retail. Eastdil Secured is the agent for the sale of the property, which is 94 percent occupied. Highwoods acquired Country Club Plaza in 1998 when it purchased the J.C. Nichols Co. for $544 million. Annual attendance at the plaza is 15 million, according to Visit KC, an economic development organization. The Taubman and Macerich joint venture is known as Country Club Plaza …

PHILADELPHIA — Brandywine Realty Trust (NYSE: BDN), a Radnor, Pa.-based REIT, has entered into an agreement to dispose of its interests in Cira Square, a 29-story, 862,700-square-foot office tower in Philadelphia, for $354 million. The former U.S. Post Office complex is located in the University City submarket and was fully leased at the time of sale to the U.S. General Services Administration. The primary tenant is the Internal Revenue Service. “The sale of Cira Square reflects our ability to both create and harvest value and will generate a significant gain to our shareholders,” says Gerard Sweeney, president and CEO of Brandywine Realty Trust. The buyer is a South Korean fund sponsored by Seoul-based Korea Investment Management Co., according to the Philadelphia Daily News. Brandywine expects to close the transaction in the first half of the first quarter 2016. In connection with the anticipated sale, the REIT plans to prepay the current mortgage totaling $177.4 million. After the transaction, Brandywine will continue to provide management services at the property. In addition to the sale, the company anticipates prepaying the Cira Centre South Garage mortgage totaling $35.5 million, which will unencumber the 1,662-space facility. The REIT acquired the office building in 2007 …