NEW YORK CITY — FilmRise, a digital distribution company, has acquired office space at Industrial City in Brooklyn’s Sunset Park neighborhood. Located at 34 35th St., the 5,000-square-foot space was designed by Lester Evan Tour and features a large open floor space, bare ceilings, the original restored 100-year-old wood floors and more than 30 windows overlooking the New York City Harbor and the Statue of Liberty.
DALLAS — Law firm Lewis Brisbois Bisgaard & Smith LLP has leased 30,073 square feet at 2100 Ross Ave. in Dallas. Randy Cooper, Craig Wilson, Frank McCafferty and Jonathan Larsen of Cassidy Turley represented the law firm. The property is owned by Atlanta-based Cousins Properties. Cynthia Cowen and William Brokaw of Cushman & Wakefield represented the landlord. The building consists of 33 stories and includes a conference center that seats 175, cafes, a fitness center and sky bridge pedestrian system.
RICHARDSON AND CARROLLTON, TEXAS — HFF has arranged $18.8 million in acquisition financing for a six-property, 16-building industrial portfolio totaling 462,618 square feet in the north Dallas area. HFF worked on behalf of the borrower, Red Tail Acquisitions, to secure the 10-year, fixed-rate loan through a correspondent life insurance company. Loan proceeds were used to purchase the portfolio. HFF also represented the seller. The portfolio consists of 1360-1420 Presidential Drive and 850-890 North Dorothy Drive in Richardson, along with 1420 Halsey Way, 1406 Halsey Way, 2122 Country Club Drive and 2855 Trinity Square Drive in Carrollton, Texas. The properties are located near I-635 and Highway 75. The properties are 87 percent leased overall to 41 tenants, including NOW Specialties Inc., Optex Systems Inc., Laboratory Corp. of America, SKH Beauty Inc. and All Sorts Mailing Services Inc.
VERNON HILLS, ILL. — Entre Commercial Realty LLC has arranged the sale of a 47,650-square-foot industrial facility in Vernon Hills. Europa International purchased the property located at 225 Corporate Woods for an undisclosed sales price. The eyewear and sunwear manufacturer is relocating and expanding from its current location in Buffalo Grove. In addition, the company’s manufacturing facility in California is also moving to the new Vernon Hills site. Brian Bocci of Entre represented Europa in the transaction. Keith Puritz, Brett Kroner, Ryan Bain and Zach Graham of CBRE represented the undisclosed seller.
CHICAGO — Baum Realty Group LLC has brokered the $3.4 million sale of a mixed-use property in Chicago’s Bucktown/Wicker Park neighborhood. The 8,368-square-foot building is located at 1747- 1749 N. Damen Ave. Greg Dietz, Danny Spitz and Adam Secher of Baum represented the buyer, Repak Real Estate Acquisition LLC. The seller was undisclosed.
CALIFORNIA, MD. — Finmarc Management has purchased Wildewood Shopping Center, a 292,000-square-foot regional shopping center located in California in St. Mary’s County, for $28.4 million. The shopping center was 95 percent leased at the time of sale to tenants such as Bed Bath & Beyond, DSW Shoe Warehouse, Outback Steakhouse, JC Penney and Belk. Sandra Hunt of Scheer Partners represented the seller, SJS Wildewood LP based in New Jersey, in the transaction.
GAINESVILLE, GA. — The Griffin Fund, a private real estate investment firm, has acquired Edgewater on Lanier, a 180-unit multifamily community in Gainesville, for $8.4 million. The apartment property is located on Old Thompson Bridge Road on the shores of Lake Lanier. The Griffin Fund is planning a $2 million renovation plan for the property, including adding new gazebos, a barbecue area, lookout terrace, lakefront park, playground, fitness center, business center and dog park. The company also plans to refurbish the exterior of the property and upgrade the interiors with new flooring and new appliances for the kitchen area. The Griffin Fund has selected Stonemark Management to manage the apartment property.
CHICAGO — Quantum Real Estate Advisors has brokered the $3.8 million sale of a 14,806-square-foot shopping center in Chicago. The property is located at the northeast corner of 24th and Pulaski streets. The shopping center was fully occupied at time of sale. A local development group sold the property. An individual from New York City purchased the property in a 1031-tax deferred exchange. Chad Firsel of Quantum represented the buyer and the seller.
FORT WORTH — HFF has arranged the sale and financing for Summit Office Park, a two-building, 242,482-square-foot, Class A office complex in Fort Worth. HFF marketed the property on behalf of the seller, Prescott Group. Pennybacker Capital purchased the asset and HFF secured acquisition financing on behalf of the buyer. ViewPoint Bank provided the seven-year loan. Summit Office Park is located near I-30, just west of downtown Fort Worth. The eight-story buildings, located at 1200 and 1300 Summit Ave., are 95 percent leased and span 120,396 square feet and 122,086 square feet, respectively. Travis Anderson and Steve Heldenfels led HFF’s debt placement team.
LONGVIEW, TEXAS — Marcus & Millichap has arranged the sale of Autumnwood Apartments, a 160-unit apartment complex located in Longview. Tommy Lovell III and Kim Westcott of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a private investor. Zar Haro and Mike Moffitt Jr. of Marcus & Millichap’s San Antonio and Austin offices procured the buyer, a private investor. Autumnwood Apartments is located at 300 Lake Lamond Road in Longview, just south of West Cotton Street. The property was built on 8 acres in 1971 and consists of 10 two-story buildings. The complex includes 32 one-bedroom, 96 two-bedroom and 96 three-bedroom units.