more_sales_and_leases

Waterfront-Corporate-Center-III-Hoboken-NJ

Jet.com Doubles Headquarters to 80,000 SF in New Jersey

by Amy Works March 21, 2016

HOBOKEN, N.J. — Jet.com has agreed to expand its headquarters at Waterfront Corporate Center III in Hoboken. The e-commerce startup will commence its build out of the space that will double the size of its corporate office by an additional 40,000 square feet for a total of 80,000 square feet. SJP Properties in partnership with USAA Real Estate Co. developed the three-building, 1.5 million-square-foot mixed-use development. Launched in 2015, Jet.com is an e-commerce venture led by Marc Lore, former CEO and co-founder of Diapers.com and parent company Quidsi. Scott Peck and Brian Wilson of Resource Realty represented Jet.com, while Peter Bronsnick provided in-house representation for the landlord, SJP Properties, in the transaction.

March 21, 2016

Midwest Multifamily Ohio Seniors Housing

Blueprint Brokers Sale of 60-Bed Skilled Nursing Facility in Ohio for $2.1M

by Christina Cannon March 21, 2016

IRONTON, OHIO — Blueprint Healthcare Real Estate Advisors has arranged the sale of Sunset Nursing Center, a 60-bed skilled nursing facility in Ironton, in the southeast corner of Ohio near the Kentucky and West Virginia borders. A joint venture between a regional operator and a value-add investor bought the facility from an undisclosed seller. The purchase price equates to $35,000 per bed. Jacob Gehl and Connor Doherty were the lead advisors on the transaction.

March 21, 2016

Georgia Multifamily Southeast

Berkadia Arranges $25.2M Sale of Apartment Community in South Georgia

by John Nelson March 21, 2016

HINESVILLE, GA. — Berkadia has brokered the $25.2 million sale of Tattersall Village, a 222-unit upscale apartment community located in Hinesville, roughly one hour southwest of Savannah. Built in 2010, Tattersall Village is a garden-style community with an average unit size of 1,110 square feet. Pillar Income Asset Management Inc. purchased the property from BF/EBSCO Hinesville LLC. David Oakley, David Etchison, Mark Boyce, Paul Vetter and Andrew Mays of Berkadia represented the seller in the transaction.

March 21, 2016

Maryland Retail Southeast

Foundry Row in Maryland to Add 11 New Retailers, Restaurants

by John Nelson March 21, 2016

OWINGS MILLS, MD. — Greenberg Gibbons and Vanguard have announced 11 new tenants set to open at Foundry Row, a $140 million mixed-use development in Owings Mills. New tenants include Bar Louie, Mission BBQ, La-Z-Boy, Foundry Row Wine & Spirits, Xfinity, Massage Envy, Sleep Number, Mani Luxe, Chipotle, Hair Cuttery and Floyd’s 99 Barbershop. Foundry Row is currently 88 percent leased and is set to open in the fall. The new tenants will join a mix of previously announced retailers and restaurants such as a 130,000-square-foot Wegmans, LA Fitness, DSW, Ulta Beauty, Bagby Pizza, Panera Bread, Zoe’s Kitchen, Smashburger, Nally Fresh and LifeBridge Health.

March 21, 2016

Industrial South Carolina Southeast

Colliers Brokers $4.8M Sale of 131,535 SF Industrial Facility in South Carolina

by John Nelson March 21, 2016

SUMMERVILLE, S.C. — Colliers International has brokered the $4.8 million sale of a 131,535-square-foot industrial facility located at 211 Farmington Drive in Summerville. Hagood Morrison and Hagood S. Morrison of Colliers International’s Charleston office represented the seller, The W.W. Williams Co., a national industrial equipment sales and service company. The unnamed buyer is currently renovating the property and will offer it to lease as soon as construction is completed. The property features five acres of undeveloped land suitable for a build-to-suit project.

March 21, 2016

New York Northeast Office

Cushman & Wakefield Negotiates $51.7M Sale of Office Building in Manhattan

by Amy Works March 18, 2016

NEW YORK CITY — Cushman & Wakefield has arranged the sale of the fee interest in 10 E. 34th St., an office property located in Manhattan. The asset was sold for $51.7 million, or $946 per square foot, in an all-cash transaction. The 10-story commercial loft building consists of full-floor units and a total rentable space of 54,680 square feet plus an additional 2,500 square feet in the basement designed for use by the ground-floor retail tenant. Bob Knakal, John Ciraulo and Jonathan Hageman of Cushman & Wakefield handled the transaction. The names of the seller and buyer were not released.

March 18, 2016

Massachusetts Northeast Office

CIM Group Acquires 114,000 SF Office Building in Boston’s South End

by Amy Works March 18, 2016

BOSTON — CIM Group has acquired an office building located at 95 Berkeley St. in Boston’s South End for an undisclosed sum. CIM made the acquisition with Boston-based Center Court Mass. Constructed in 1920, the six-story building features 114,000 square feet of office space and a below-grade parking structure. The property was last renovated in 1988.

March 18, 2016

Multifamily New York Northeast

Westbridge Realty Group Brokers $3.5M Sale of Four-Building Multifamily Portfolio in Brooklyn

by Amy Works March 18, 2016

NEW YORK CITY — Westbridge Realty Group has arranged the sale of a four-building multifamily portfolio in Brooklyn. Brooklyn-based J.Wasser & Co. acquired the portfolio from West 36 RS LLC for $3.5 million, or $185 per square foot. Totaling 18,960 square feet and 24 residential units, the properties are located at 2832, 2836, 2844 and 2850 W. 36th St. Steven Westreich of Westbridge Realty Group represented the buyer and seller in the off-market transaction.

March 18, 2016

Multifamily Texas

IPA Brokers Sale of 240-Unit Apartment Complex in Fort Worth

by Haisten Willis March 18, 2016

FORT WORTH, TEXAS — Institutional Property Advisors (IPA) has arranged the sale of Trinity Bell Gardens, a 240-unit multifamily community in Fort Worth. Will Balthrope, Drew Kile and Rowan Burch represented the seller, Western Securities Limited, and procured the buyer, Block Real Estate Services, in the transaction. Trinity Bell Gardens is located at 9500 Trinity Blvd. The property is 15 miles from downtown Fort Worth.

March 18, 2016

Healthcare Office Texas

CBRE Negotiates Sale of Building in El Paso for Pima Medical Institute

by Haisten Willis March 18, 2016

EL PASO, TEXAS — Pima Medical Institute has purchased a 40,000-square-foot building in El Paso to expand its medical course offerings. The school will relocate from a smaller campus on Burnham Road to the former Saddleblanket Co. building at 6926 Gateway Blvd. East in fall 2016 once renovations are complete. Upon closure of Anamarc College in June 2014, Pima Medical stepped in and began teaching the former college’s 76 occupational therapy assistant students. In addition to the current program offerings of occupational therapy assistant, medical assistant and medical administrative assistant, more programs will be added to the new location, including certificate programs in dental assistant, pharmacy technician, veterinary assistant, central sterile processing and phlebotomy technician. Rebecca Rojas of CBRE’s El Paso office, along with Nancy McClure of CBRE’s Tucson office, represented Pima Medical Institute in the site search and sale negotiations.

March 18, 2016

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