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LOWELL, MA-$9.5 million in permanent mortgage financing is nailed down for Delmont Gardens, a 192-unit luxury apartment community comprised of eight buildings. The complex is located on Delmont Avenue, Felker and Bernier streets near Route 495.
PORTLAND-PCRI, owner and operator of the Stanford's and Newport Bay chains as well as Portland Steak & Chophouse and Portland City Grill, will open a 10,000-sf, new-concept eatery where Gordon Biersch Brewery had planned to locate in the historic Blitz-Weinhard Brewhouse.
MIAMI-The 230,000-sf headquarters facility will be in Beacon Station here. It will be a build-to-suit project owned by Flagler Development Co., the owner of Beacon Station, and leased to Ryder. The capital investment for the project is reportedly $40 million.
BILLERICA, MA-In a two-part transaction that enabled the firm to upgrade its holdings in a tax-deferred exchange, Retailers Realty Trust/Remic Properties sold a 16,120-sf shopping center at 305 Boston Rd. for $1.25 million and purchased a 26,124-sf center in Salem, NH for $2.85 million.
BRANCHBURG, NJ-The Branchburg II building is the second facility within Murray Construction's high-tech/office/industrial project, which has slated a build-out of more than 800,000 sf.
SOUTHFIELD, MI-The slow economy doesn't stop Elena's from buying a at 2650 Paldan in Auburn Hills, MI. Nor does it stop Access Printing Solutions Inc. from signing a 6,000-sf lease in Wayne.
AUSTIN-One deal of each type closes: renewal, sublease and direct. The renewal accounts for the largest block, 22,000 sf at Balcones Center in the far northwest submarket. TradeOne Marketing is the retained tenant.
LONGVIEW, WA-Continental Energy Services LLC, of Butte, Mont. pays Enron an undisclosed sum for the rights to develop a 290-megawatt power plant at the Port of Longview, but says it won't move ahead until it secures a user, such as the Longview Aluminum plant.
NEW YORK CITY-The Lightstone Group refinances a Bronx apartment complex to the tune of $55 million. Financing for the 1,500-unit Eastchester Garden Apartments was provided by New York Community Bank.
EVANSTON-Pivot Point International, a family-owned operator of cosmetology research centers and schools worldwide, will move across the city line from 1791 W. Howard St. to Rotary International's building at 1560 Sherman Ave. in a 42,442-sf lease deal.