NORTHBOROUGH, MASS. — Transwestern Consulting Group (TCG) has arranged the sale of One Beeman Road in Northborough on behalf of Stockbridge Capital Group. According to public records, the sale price was $33 million. TH Real Estate purchased the 342,900-square-foot, high-bay industrial facility. TH Real Estate is an affiliate of Nuveen, the investment management arm of TIAA. The facility is 100 percent leased to FedEx SmartPost, serving as the company’s sole New England hub. TCG’s Chris Skeffington, John Lashar and Joe Olin represented the seller and sourced the buyer in the transaction. The firm has been retained by the new ownership to provide leasing and property management services for the building. One Beeman Road features 104 tailboard doors with cross-dock capability and building clear height up to 33 feet. A tenant since 2001, FedEx recently extended its term through 2023.
FREEHOLD, N.J. — Bussel Realty Corp. (BRC) has arranged the $7.5 million sale of Fairfield Industrial Park, a nine-building park totaling 165,000 square feet located at 912 Route 33 in Freehold. Jordan Metz and Eduard Skutelsky of BRC represented an unnamed seller in the transaction. Imperial Real Estate represented the buyer, Fairfield Industrial Park LLC. The property includes 20 tenants and the new owners plan capital improvements at the industrial park.
WINDSOR, CONN. — CBRE has negotiated the $5.2 million sale of 100 Corporate Drive, a 100 percent leased, 69,000-square-foot office building in Windsor. An affiliate of Minneapolis-based Ryan Cos. US sold the property to Bradstreet & Chandler, a Boston-based real estate firm. CBRE’s John McCormick and Patrick Mulready represented the seller and procured the buyer in the transaction. CBRE will also handle leasing and property management of the building. 100 Corporate Drive is a two-story property located near I-91 in the Day Hill corporate area of Windsor. Constructed in 1984 and recently renovated, the property’s tenants include ADP, Sedgwick Claims Management, Health Management Services, Oxford Global and LGCY Power.
IRVING, TEXAS — Sirius XM Connected Vehicle Services Inc. has signed two office leases, one of which is a renewal, at Freeport Corporate Center in Irving. The company now occupies 43,403 square feet of Class A space within the building, which is located at 8650 Freeport Parkway South near the Dallas-Fort Worth International Airport. Kevin Brookmole of Bradford Commercial represented the landlord, Slate Freeport Holdings LLC, in the lease negotiations. Kelly Winn of Savills Studley represented Sirius.
OAK CREEK, WIS. — The Dickman Co./CORFAC International has arranged the sale of a 24,424-square-foot industrial building located at 440 W. Bell Court in Oak Creek, approximately 12 miles south of Milwaukee. Final Frontier LLC purchased the building from Liberty Lane LLC. Samuel D. Dickman, Samuel M. Dickman Jr. and Cale Berg of The Dickman Co. were the brokers involved in this transaction.
DALLAS — Ascension Coffee, a Texas-based coffee shop, café and wine bar, will open its third location in Dallas within Thanksgiving Tower, a 50-story tower located at 1601 Elm St. Amy MacLaren of CBRE represented the landlord, Woods Capital Management, in the lease negotiations. Jack Gosnell and Elizabeth Herman of CBRE represented the tenant.
MIAMI — Tower Commercial Real Estate has arranged 84,364 square feet of leases at Citigroup Center, a 34-story, 802,974-square-foot office tower in downtown Miami. The lease deals include Harvard Maintenance signing for 23,540 square feet, law firm Kobre & Kim signing for 9,366 square feet and anchor tenant Citigroup expanding its office by 9,507 square feet, as well as opening a 6,250-square-foot bank branch on the ground floor. Additionally, Tower Commercial executed about 32,000 square feet of lease renewals for tenants including Apex Brasil, Black Srebnick Korspan Stumpf, Six Continents and Solowsky & Allen. Jonathan Kingsley and Stephen Rutchik of Colliers International represented Harvard Maintenance, which is relocating from One Biscayne Tower, and Clarissa Willis and Ryan Ackerman of CBRE represented Kobre & Kim. Citigroup Center’s owner, Crocker Partners, is underway on a $20 million makeover and rebranding of the building. Formerly known as Miami Center, Citigroup Center is the second largest Class A office tower in Florida.
ATLANTA — Coro Realty Advisors has executed a 42,361-square-foot lease with Aldi for a new grocery store at Buckhead Pavilion in Atlanta. The German-based discount grocer will replace the former Sports Authority space. Aldi, which operates 50 grocery stores in Georgia and 1,600 total across the country, plans to sublease a portion of its space, according to Coro. Situated at the intersection of Peachtree Road and Maple Drive, Buckhead Pavilion’s existing tenants include PetSmart, CVS/pharmacy, Modani Furniture and Berkshire Hathaway HomeServices. Kirk Buttle of CBRE represented Aldi in the lease deal, while Andrea Kenney represented Coro in-house.
NEW YORK CITY — Eastern Consolidated has negotiated the $52 million sale of a multifamily portfolio consisting of four six-story buildings at 60-68 W. 107th Street between Columbus and Manhattan avenues in the Upper West Side. The four buildings include more than 100,000 square feet and include 100 apartments, of which 25 are two-bedroom units and 75 are three-bedroom units. Eastern Consolidated’s Matt Sparks represented the seller, Suehar Associates, which has owned the buildings for over 60 years. The company’s Ron Solarz procured the buyer, FBE Limited.
SYRACUSE, N.Y. — HFF has brokered the $25.3 million sale of One Lincoln Center, a 305,594-square-foot office tower in Syracuse. HFF marketed the property on behalf of a private seller and procured the buyer, Zamir Equities. One Lincoln Center is located in the center of downtown Syracuse at 110 W. Fayette St. The property is surrounded by the Syracuse Federal Building, the Pike Block and city hall. The 17-story property is 86 percent leased to tenants including JPMorgan Chase, Bond Schoeneck & King PLLC, Cadaret Grant & Co LLC, Bousquet Holstein, Grossman St. Amour and Arcadis. The HFF investment sales team representing the seller was led by Rob Rizzi, Steven Rutman and Michael Oliver.