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.
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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.
DENVER — AvalonBay Communities has purchased the 252-unit the Lodge Denver West apartment complex for $76.8 million. The community is located at 14125 Denver W. Circle in the Denver submarket of Lakewood. The Lodge Denver West was built in 2016. The acquisition marks AvalonBay’s entry into the Denver metropolitan area.
DALLAS — TIG Real Estate Services Inc. has negotiated the sale of a 31,050-square-foot flex/warehouse property located at 11401-11431 Plano Road in Dallas. Matthew Hicket and Kristin Grammar of TIG represented the undisclosed seller in the transaction and have retained leasing duties for the property. Other terms of sale were not released.
NEW YORK CITY — Meyer Last and Ross Wasserman of Fried Frank acted as counsel to Downtown NYC Owner LLC, a joint venture of MHP Real Estate Services and Clarion Partners, in connection with a nine-floor, 276,000-square-foot lease to New York City’s Department of Citywide Administrative Services at 180 Maiden Lane, a 1.2-million-square-foot Class A building in Lower Manhattan. The city’s Department of Investigation will consolidate from five separate offices into one location.
NEW YORK CITY — Holliday Fenoglio Fowler (HFF) has brokered the $60.9 million sale of 321 East 22nd Street, a multifamily property in Manhattan’s Gramercy Park neighborhood. The property is located within three blocks of the 4, 6, N, Q, R and W train lines and near Gramercy Park and Madison Square Park. The six-story building encompasses 117 residential units and 2,800 square feet of commercial space, which is leased to Synergy Fitness. Jeff Julien, Rob Hinckley and Andrew Scandalios of HFF represented the seller, Benedict Realty Group, and procured the buyer, Akelius.
SAN ANTONIO — Siegel Group, a Las Vegas-based investment and hospitality firm, has acquired the former Budget Lodge Extended Stay Hotel in San Antonio for $3.3 million. Built in 1963 and situated on 6.6 acres along Interstate 35, the two-story property totals approximately 80,000 square feet. Siegel Group plans to repurpose some of the existing space to include a restaurant and lounge, as well as a conference and banquet area.
KANSAS CITY, MO. — Dejana Truck & Utility Equipment has signed a 90,000-square-foot industrial lease in SubTropolis within Kansas City. The automotive equipment manufacturer will run a new Ford Transit and Ford F-150 upfitting operation at the underground business complex. The New York-based subsidiary of Douglas Dynamics Inc. (NYSE: PLOW) will also lease two additional acres in SubTropolis for vehicle staging. Dejana manufactures van partitions, racking systems and hauling systems for aftermarket installation on commercial vans and trucks. Hunt Midwest owns the property.
SAN DIEGO — CBRE has announced that Young Hickory — a café offering local coffee, craft beer, breakfast and lunch — will open a 1,577-square-foot location at IDEA1, a mixed-use development by Lowe Enterprises, LaSalle Investment Management and I.D.E.A. Partners in San Diego’s East Village neighborhood. The development, which opens in December, will feature a mix of apartment homes, live/work lofts, retail and an outdoor collaborative workplace. CBRE’s Reg Kobzi and Michael Peterson represented the tenant and the landlord, IDEA1 Property LLC, on the 10-year lease.
DALLAS — Mujeres Banderas III, a partnership between Commercial Real Estate Women Dallas and San Francisco, has sold a 16,000-square-foot warehouse property located on Duncanville Road in south Dallas. The property was the last asset owned by the Mujeres Banderas partnerships. The buyer and sales price were not disclosed.