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UC Funds Acquires Residence Inn by Marriott in Stamford, Conn., for $40M

STAMFORD, CONN. — UC Funds has acquired the Residence Inn by Marriott under construction in Stamford for $40 million. The property will be the only extended-stay hotel in downtown Stamford. Construction on the eight-story hotel is 60 percent complete, with delivery expected next winter. The 156-room property will include a fitness center, business center, breakfast area and meeting space.

April 27, 2017

Baker Katz Secures Two Leases Totaling 13,000 SF in Metro Houston for Outback Steakhouse

KATY AND PASADENA, TEXAS — Baker Katz has negotiated two leases totaling 13,000 square feet in the Houston suburbs of Katy and Pasadena on behalf of Outback Steakhouse. The Katy restaurant will be located at the intersection of Interstate 10 and Katy Fort Bend Road. The Pasadena restaurant will be located at the corner of Vista Road and State Highway Beltway 8. Stephen Tou of Retail Connection and Lindsay Schlueter of Glasier Retail Partners represented the landlords in Katy and Pasadena,..

April 27, 2017

Reichle | Klein Brokers $2M Sale of Industrial Building in Maumee, Ohio

MAUMEE, OHIO — Reichle | Klein Group has brokered the sale of a 30,000-square-foot industrial building in Maumee, a suburb of Toledo, for $2 million. The former Champion Windows building is located at 6214 Monclova Road. Mike Poulos of Reichle Klein represented the buyer, Therma-Tru Corp. Toledo-based Champion Realty LLC was the seller.

April 27, 2017

US Pack Logistics Signs 13,971 SF Industrial Lease in Cudahy, Wisconsin

CUDAHY, WIS. — US Pack Logistics LLC has signed a 13,971-square-foot industrial lease in Cudahy, approximately seven miles south of Milwaukee. The building is located at 200 E. College Ave. Pat Hake, Bill Langhoff and Steve Sewart of Colliers International brokered the lease transaction.

April 27, 2017

In-Rel Purchases Office Tower in Downtown Louisville from Torchlight Investors for $32M

LOUISVILLE, KY. — In-Rel Properties has acquired Meidinger Tower, a 26-story, 331,172-square-foot office tower located at 462 S. 4th St. in downtown Louisville. In-Rel purchased the asset from New York City-based Torchlight Investors for $32 million. Ralph Smalley and John Merrill of HFF, along with Mark Wardlaw and Lenisa Alvey of NAI Fortis Group, represented Torchlight in the sale. Renovated in 2006, Meidinger Tower was 97 percent leased at the time of sale to tenants such as..

April 27, 2017

JJ Operating, Houlihan-Parnes Realtors Acquire Shopping Center in Lawrence, N.J.

LAWRENCE, N.J. — JJ Operating Inc., in partnership with Houlihan-Parnes Realtors, has acquired Lawrence Shopping Center in Lawrence. The new owners will implement a $5 million renovation plan designed to improve the aesthetics and functionality of the center. Capital improvements will include a façade renovation, enhanced landscaping as well as storefront and tenant improvements. The renovations will be completed by the end of the year. The 393,430-square-foot shopping center is accessible..

April 27, 2017

Harrison Street Real Estate Capital Buys 15-Property Self-Storage Portfolio

LOS ANGELES — Harrison Street Real Estate Capital has purchased a 15-property self-storage portfolio for an undisclosed sum. The facilities are situated throughout California, Arizona, Colorado and Minnesota. The Trojan Self Storage Portfolio contains a total of 1.4 million square feet and 19,000 units. CBRE’s Nicholas Walker and his team represented both the buyer and seller, Trojan Storage, in this transaction.

April 26, 2017

Inroads Realty Arranges Sale of 39,797 SF Retail Asset in Henderson, Texas

HENDERSON, TEXAS — Inroads Realty, a Dallas-based brokerage firm, has arranged the sale of a 39,797-square-foot retail property previously leased to Brookshire’s Grocery Store in Henderson, a city roughly two hours east of Dallas. Thad Beckner of Inroads represented the buyer, Brandywine Financial, a Pennsylvania-based real estate investment and management firm, in the transaction

April 26, 2017

NAI Mertz Brokers Sale of Office Building in Woodbury, N.J.

WOODBURY, N.J. — NAI Mertz has brokered the sale of Lakeside Professional Campus, a 45,000-square-foot office building located at 190 N. Evergreen Ave. in Woodbury. The NAI Mertz team of Rebecca Ting and Julie Kronfeld represented the seller in the transaction. The buyer, First National Realty Partners LLC, will retain NAI Mertz as the leasing agent for the complex. Lakeside Professional Campus is located near Interstate 295 and the New Jersey Turnpike.

April 26, 2017

Equity Office Signs Cyrus Capital to 23,000 SF Lease at Park Avenue Tower in NYC

NEW YORK CITY –– Equity Office has signed a lease with investment advisory firm Cyrus Capital Partners to move the Cyrus headquarters to a 23,356-square-foot space at the 36-story Park Avenue Tower in Manhattan. Cyrus Capital, an SEC-registered investment advisor, will occupy 15,048 square feet across the 34th floor and 8,308 square feet on the 35th floor. Equity Office will build out the space for the tenant, including construction of an internal staircase to connect the two floors, with..

April 26, 2017