ST. CHARLES, ILL. — Lowe Enterprises Investors (LEI) has acquired AMLI at St. Charles in the Chicago suburb of St. Charles for an undisclosed price. Now called Ascend St. Charles, the 400-unit apartment property is located at 100 Lakeside Drive. Built in 2000, the property features 20 three-story buildings on 25 acres. The buildings include a mix of one- and two-bedroom units. Amenities include a pool with sundeck, clubhouse, sand volleyball court, business center, multimedia center and fitness center. Andy Sands of LEI led the acquisition team. Moran & Co. represented AMLI in the transaction, while Hunt Mortgage Group arranged acquisition financing. Greystar has been retained to provide property management services.
THE WOODLANDS, TEXAS — Newcor Commercial Real Estate has negotiated a 26,819-square-foot office sublease at 8401 New Trails Drive in The Woodlands on behalf of Louisiana-based oil and gas firm Hunt Guillot & Associates LLC. Rob Banzhaf and Ryan Dierket of Newcor represented the tenant in the lease negotiations. Scott Covington of S.E. Covington represented the subtenant, Axiom Medical Consulting LLC.
JESSUP AND WILKES-BARRE, PA. — Cushman & Wakefield has arranged the sale of a three-building industrial portfolio located in Jessup and Wilkes-Barre. Endurance Real Estate Group sold the 544,974-square-foot portfolio to NorthPoint Development for an undisclosed price. The buildings are located at 7 and 17 Alberigi Drive in Jessup and 32 Earth Conservancy Drive in Wilkes-Barre. Originally developed as part of a joint venture partnership between MetLife and Chicago-based Versus Development, the buildings feature 30-foot clear height ceilings, T-5 light and the potential to expand car and trailer parking, as well as loading positions. Gerard Blinebury, Gary Gabriel, Jeffrey Williams and Daniel Walsh of Cushman & Wakefield represented the seller in the deal.
NEW YORK CITY — Ariel Property Advisors has arranged the sale of a multifamily building located at 104-110 W. 144th St. in the Hamilton Heights neighborhood of Manhattan. An undisclosed buyer acquired the building for $18.7 million. The 51,560-square-foot building features 60 two-bedroom residential units, which are subsidized under the Department of Housing and Urban Development’s project-based Section 8 program. Victor Sozio, Shimon Shkury, Michael Tortorici and Matthew Gillis of Ariel Properties represented the undisclosed seller and buyer in the deal.
KANSAS CITY, MO. — Lanter Distributing LLC has signed a 126,000-square-foot industrial lease to consolidate its regional operations into a single warehouse at SubTropolis in Kansas City. The provider of freight consolidation, pool distribution and less-than-truckload deliveries for food, pharmaceutical and health and beauty manufacturers initially leased 21,000 square feet at the underground business complex in 2012. Eight 3PL companies have located in SubTropolis to date, including Advanced Logistics Fulfillment, American Central Transport, FW Warehousing, Ground Freight Expeditors, Hallmark Cards, Paris Brothers and Rossi Motor Freight. Hunt Midwest owns the 6 million-square-foot property.
SAFETY HARBOR AND TAMPA, FLA. — Berkadia has arranged the $47.5 million sale of two multifamily properties in the Tampa Bay region: Twenty 35 in Safety Harbor and The Park at Windsor in Tampa. Jason Stanton, Cole Whitaker, Mary Beale and Greg Rainey of Berkadia arranged both transactions. Blue Roc Premier Properties LLC acquired Twenty 35 from Nashville-based Covenant Capital Group LLC for $21 million. The property features one- and two-bedroom units with granite countertops, stainless steel appliances and walk-in closets. Community amenities include a fitness center, picnic area, courtyard and gated entry. Redwood Capital Group acquired The Park at Windsor from Blue Roc Premier Properties LLC for $26.5 million. The property features balconies or patios for each unit, a fitness center, pool, barbeque area and a laundry center.
HILLSBORO, ORE. — National Financial Realty (NFR) has sold the 211,863-square-foot Wells Fargo Bank office building in Hillsboro for $39.7 million. The building is located at 18700 N.W. Walker Road. The buyer was not named. The transaction represents the final sale and investment exit of a 3.6 million-square-foot portfolio that contained 41 office and retail buildings in nine states. NFR originally purchased the Hillsboro property in 2010. In March 2013, the firm acquired a 40-building, 3.3 million-square-foot portfolio with 90 percent of the buildings leased to Wells Fargo. NFR and its capital partners invested several million dollars in capital improvements throughout the portfolio.
CHELMSFORD, MASS. — Digital Federal Credit Union has purchased an office building located at 297 Billerica Road in Chelmsford for an undisclosed price. The three-story, 129,000-square-foot building features a state-of-the-art data center, outdoor grilling and seating area, training rooms, in-house café, and shower and locker rooms. The buyer plans to use the facility to accommodate its continued expansion. The property was built and formerly occupied by Kronos Inc., which recently relocated its global headquarters for Lowell, Mass. Mark Reardon, Peter Dominski, Alex Plaisted and Ben Roopenian of CBRE/New England represented the seller, Anchor Line Partners, on behalf of Kronos. Garry Holmes of R.W. Holmes Realty represented the buyer in the deal.
NEW YORK CITY — Rosewood Realty Group has arranged the sale of two adjacent five-story apartment buildings on Honeywell Avenue in the West Farms neighborhood in the Bronx. The Fruchthandler real estate family’s FBE Limited bought the two buildings, located at 2103-2117 Honeywell Ave., for $44.4 million. Built in 1979 and totaling 181,093 square feet, the property features 197 apartments and 46 indoor parking spots. Aaron Jungreis of Rosewood Realty represented the seller, Rajmattie Persuad, in the transaction.
NEW YORK CITY — Marcus & Millichap has brokered the sale of an apartment building located at 41 Jefferson St. in Brooklyn’s Bushwick section. A private investor sold the 21-unit property for $7.5 million. Shaun Riley, Tom Shihadeh and Andrew Reiter of Marcus & Millichap represented the seller in the transaction.