more_sales_and_leases

JEMB Leases Nearly 75,000 SF at 75 Broad Street

by Amy Works November 12, 2014

NEW YORK CITY — JEMB Realty has completed 75,000 square feet in new leasing activity at its office property located at 75 Broad St. in Lower Manhattan. The property is now more than 90 percent occupied. Built in 1927 as the headquarters for ITT Corp., the 33-story building offers flexible floor plates, top-tier amenities, 24-hour security and an in-house management team. JEMB acquired the property in 2000. New tenants include Human Rights First (18,000 square feet), represented by Carri Lyon, Robert Lower and Kevin Daly of Cushman & Wakefield; StellaService (10,000-square-foot expansion), represented by Patrice Meagher of CBRE; Toll Brothers; Sun & Moon Marketing (7,000 square feet), represented by Robert Constable and Willard Overlock of Cushman & Wakefied; Design Quadrant (7,500 square feet), represented by Kenneth Beilin of Beilin Commercial Real Estate; Blue Engine, represented by Jordan Rosenlicht and Lindsay Ornstein of Transwestern; Health Corps, represented by Robert Taylor of SRS Real Estate Partners; Cooper Carry, represented by Carri Lyon of Cushman & Wakefield; and Johnson Gallagher Magliery represented by George Keller and Peter Cento of Cushman & Wakefield. Approximately 60,000 square feet of office space remains available at 75 Broad Street.

November 12, 2014

Colorado Retail Western

The Garlic Knot Pizza Leases Space at Willow Grove Shopping Center in Denver

by Nellie Day November 12, 2014

DENVER – The Garlic Knot Pizza has leased 1,900 square feet of space at Willow Grove Shopping Center in Denver. The center is located at 1402-1422 S. Parker Road. It is anchored by Wal-Mart. The New York-style pizza and pasta restaurant is scheduled to open in the fourth quarter of this year. The landlord was represented by Jim Hoffman and Tony Pierangeli of the SRS Real Estate Partners Denver.

November 12, 2014

Midwest Minnesota Multifamily

M&M Brokers $2.5M Sale of Apartment Property in Cambridge, Minn.

by John Nelson November 12, 2014

CAMBRIDGE, MINN. — Marcus & Millichap has brokered the $2.5 million sale of Calhoun Apartments, a 48-unit apartment property located in Cambridge. Calhoun Apartments is located at 414 Calhoun Place N. and 514 Calhoun Terrace. The 48-unit community consists of two 24-unit buildings that include one- and two-bedroom apartments. Calhoun Apartments was developed in 1978 as part of the USDA Rural Housing 515 Program. In 2009, the property had successfully exited the program and began renting at market rate. Mox Gunderson and Dan Linnell of Marcus & Millichap’s Minneapolis office represented the seller, a limited liability company. Evan Miller of Marcus & Millichap, along with Gunderson and Linnell, represented the buyer, a limited liability company.

November 12, 2014

Industrial Michigan Midwest

LTC Roll & Engineering Buys 153,000 SF Industrial Facility in Marine City, Mich.

by John Nelson November 12, 2014

MARINE CITY, MICH. — L. Mason Capitani CORFAC International has arranged the sale of a 153,000-square-foot industrial facility in Marine City. LTC Roll & Engineering purchased the property located at 7177 Marine City Highway for an undisclosed sales price. LTC Roll & Engineering is a manufacturer of metallic components and assemblies supplying the automotive, building products and alternative energy market segments. Jason Capitani and Joe DePonio of L. Mason Capitani represented LTC Roll & Engineering in the transaction.

November 12, 2014

Midwest Missouri Office

The Sansone Group Arranges 10,094 SF Office Lease Renewal in Missouri

by John Nelson November 12, 2014

CLAYTON, MO. — The Sansone Group has arranged an office lease renewal of 10,094 square feet of space in Clayton. The property is located at 120 S. Central Ave. The Sansone Group represented the landlord, Clayton Central Investors LLC. Blitz, Bardgett & Deutsch LC is the tenant.

November 12, 2014

Retail Texas

HFF Arranges Sale of Retail Center in Metro Houston

by Haisten Willis November 11, 2014

KATY, TEXAS — HFF has arranged the sale of Mason Village Shopping Center, a 97,405-square-foot retail center in the Houston suburb of Katy. HFF marketed the property on behalf of a private Houston owner. DNA Partners purchased the asset free and clear of existing debt. The property sits on 9.5 acres at 21945 Katy Freeway near the intersection of Mason Road and I-10. The 99 Cents Only Store anchors the shopping center, which is 94 percent leased to 17 tenants including Harbor Freight Tools, Jason’s Deli, Freebirds World Burrito, Huntington Learning Center, Just for Feet and Jiffy Lube. Ryan West led the HFF investment sales team representing the undisclosed seller.

November 11, 2014

Healthcare Indiana Midwest Office

Millennium Properties Brokers $4.4M Sale of 30,000 SF Medical Office Complex

by Danielle Everson November 11, 2014

VALPARAISO, IND. — Millennium Properties R/E has brokered the $4.4 million sale of a 30,000-square-foot medical center in Valparaiso. The Glendale Medical Center is located between Valparaiso University and the Porter Regional Hospital, which was built in 2012. The medical center consists of two separate buildings: a 21,443-square-foot office, that was built in 1985 and an 8,630-square-foot expansion that was completed in 2007. Much of the original building has been updated and the property was 85 percent occupied at the time of sale. Millennium Properties represented the seller, a Chicago-based investor group. Strawberry Fields, a national healthcare REIT with assets located throughout the Midwest, purchased the property.

November 11, 2014

New Jersey Northeast Office

Cushman & Wakefield Brokers Trade of 99 Wood Avenue South in New Jersey

by Amy Works November 11, 2014

ISELIN, N.J. — Cushman & Wakefield’s Metropolitan Area Capital Markets Group has arranged the sale of 99 Wood Avenue South in Iselin. TA Associates Realty purchased the 10-story, 272,000-square-foot office building for an undisclosed price. The building recently underwent $3 million in building renovations and system upgrades. At the time of sale, the property was 91 percent leased to a variety of tenants, including Ernst & Young, Citibank, M&T Bank, and Greenbaum, Rowe, Smith & Davis. Gary Gabriel, Andrew Merin, David Bernhaut, Kyle Schmidt, Brian Whitmer and Ed Duenas of Cushman & Wakefield brokered the transaction.

November 11, 2014

Multifamily New York Northeast

Marcus & Millichap Brokers $1.65M Apartment Building Sale in Brooklyn

by Amy Works November 11, 2014

NEW YORK CITY — Marcus & Millichap has brokered the sale of 377 Manhattan Avenue in Brooklyn. The six-unit apartment building sold for $1.65 million. Shaun Riley, James Saros and Michael Salvatico of Marcus & Millichap’s Brooklyn office listed the property on behalf of the seller, a private investor, and represented the buyer, a private investor, in the transaction.

November 11, 2014

Georgia Southeast

Lincoln Property Co. Southeast Brokers $50M Sale of Data Center in Metro Atlanta

by John Nelson November 11, 2014

ALPHARETTA, GA. — Lincoln Property Co. Southeast has arranged the $50 million sale of a 184,553-square-foot data center in Alpharetta, a northern suburb of Atlanta. The data center is part of the 21-acre Windward Concourse Office Park. Carter Validus Mission Critical REIT purchased the property, which is fully occupied by GE under a long-term lease, from Datawind LLC. Tony Bartlett, Denton Shamburger and Chip Sipple of Lincoln Property Co. Southeast represented Datawind in the transaction.

November 11, 2014

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