PLANO, TEXAS — General Dynamics Mission Systems Inc., a Virginia-based defense contractor, will relocate from Richardson to a 104,000-square-foot office space located at 1000 Klein Road in Plano. The City of Plano provided an economic grant for the move, which is expected to bring an additional 280 jobs to Plano, according to the agenda from the Plano City Council’s most recent meeting. The deal calls for 250 of those jobs to be operational by the end of May.
NEW YORK CITY — Cignature Realty Associates has brokered the sale of a six-story apartment building located at 964 Amsterdam Ave. in Manhattan Valley. TriArch Real Estate Group acquired the building from The Orbach Group for $12.1 million. Built in 1900, the 21,072-square-foot property features 22 residential apartments and four retail stores. Peter Vanderpool of Cignature Realty represented the buyer, while Elan Teichman, also of Cignature, represented the seller in the deal.
PEWAUKEE, WIS. — The Dickman Co. Inc./CORFAC International has brokered the sale of a 16,440-square-foot industrial building in Pewaukee, about 20 miles west of Milwaukee. The sales price was not disclosed. The property is located at 1275 Hickory St. Nick Keys of the Dickman Co. represented the seller, Evergreen Business Development Wisconsin LLC. Bast Mequon LLC purchased the property.
SAN ANTONIO — Marcus & Millichap has brokered the sale of 12414 Nacogdoches Road, an 11,200-square-foot office property in northeast San Antonio. The two-story property consists of seven suites totaling 8,800 square feet of net rentable space. Joshua Murphy of Marcus & Millichap represented the seller and procured the buyer, both of which were undisclosed limited liability companies.
CHICAGO — GlenStar Properties LLC has acquired 10 acres of land at the Cumberland Avenue interchange in Chicago for an undisclosed price. Chesapeake Hotel Limited Partnership and Host Hotels & Resorts LP sold the land. Upon closing, GlenStar subdivided the property into three parcels. The largest parcel, totaling 3.6 acres, is available immediately for build-to-suit opportunities. The smallest parcel, approximately 2.4 acres, is in the process of being rezoned. An undisclosed buyer purchased the remaining 2.8-acre parcel and subsequently retained the developer to build a new, 150,000-square-foot office building on its behalf.
Marcus & Millichap Brokers $2.5M Sale of Texas Roadhouse Ground Lease in West Chester Township, Ohio
WEST CHESTER TOWNSHIP, OHIO — Marcus & Millichap has brokered the sale of a Texas Roadhouse ground lease in West Chester Township, about 25 miles north of Cincinnati, for $2.5 million. The 7,163-square-foot net leased property is located at 7309 Kingsgate Way and has a 15-year ground lease. Craig Fuller, Erin E. Patton and Scott Wiles of Marcus & Millichap marketed the property on behalf of the seller, a local private developer. An out-of-state buyer completing a 1031 exchange was the purchaser.
NEW YORK CITY — Delshah Capital has purchased an apartment building located at 138 Ludlow St. in Manhattan’s Lower East Side. Trikupa Realty sold the six-story property for $18.9 million. The six-story property features 27 apartments in a mix of one-, two- and three-bedroom layouts, and retail space that is occupied by two tenants. The buyer plans to renovate the property, including infrastructure improvements, upgraded kitchen appliances, installation of washers, dryers, wine chillers and flooring, and refurbished bathrooms. Michael DeChester of Cushman & Wakefield represented the buyer and seller in the transaction.
BAYONNE, N.J. — AMS Acquisitions has purchased Silk Lofts, a multifamily property located at 154 Avenue E in Bayonne, for $32.1 million. The former Maidenform factory was redeveloped into a residential loft building in 2009 by Doug Stern of Stern Capital and Leon Cohen (CSR Group). The five-story building features 85 studio, one- and two-bedroom apartments with modern finishes, a variety of amenities and views of the New York City skyline and Bayonne Bridge. AMS Acquisitions plans to add an additional 125 apartments to the site and construct at least two new buildings on the parking lots that surround the property. Steven Matovski of Redwood Realty Advisors represented the undisclosed seller, while Matovski and Jeremy Wernick, also of Redwood, co-represented the buyer in the deal.
MARLBOROUGH, MASS. — Kelleher & Sadowsky Associates has brokered the acquisition of two office buildings located at 150 and 200 Donald Lynch Blvd. in Marlborough. The Minardi Limited Partnership purchased the two buildings from Pondview JV Owner LLC for $13.1 million. Super Stars Learning Center occupies the 9,257-square-foot building at 150 Donald Lynch Blvd., while Brookfield Power, Western Digital and ReWalk Robotics, among others, occupy the three-story 116,762-square-foot building at 200 Donald Lynch Blvd. At the time of sale, the property at 200 Donald Lynch Blvd. was 95 percent occupied. William Kelleher IV and James Cozza of Kelleher & Sadowsky Associates represented the buyer, while Newmark Knight Frank represented the seller in the deal.
WAXAHACHIE, TEXAS — National Health Investors Inc., a publicly traded seniors housing and healthcare REIT, has acquired a 121-bed skilled nursing facility in the southern Dallas metro of Waxahachie for $14.4 million. NHI will lease the facility, which opened in late 2016, to The Ensign Group, which operates 16 skilled nursing facilities in Texas. The acquisition was funded by NHI’s revolving credit facility.