AUSTIN — Marcus & Millichap represented both parties in the sale of the 17,234-square-foot Hamilton Plaza Office Building, located at 3700 W. Parmer Ln. in Austin. Greg Gaynor, Joshua Swank and Ron Hebert of Marcus & Millichap's Austin, San Antonio and Dallas offices, respectively, represented the buyer, a private investor, and the seller, a bank/financial institution, in the transaction.
RANCHO CUCAMONGA, CALIF. — Milliken Point at Empire Lakes, a one-story, 25,939-square-foot office building in Rancho Cucamonga, has sold for $4.3 million. The buyer was represented by Eileen Schuler and Suzanne Schuler of Schuler Commercial Real Estate. The seller, The Lindsay Group, was represented by Ed Hernandez, Kyle Kehner and Jeffrey Cole of Cushman & Wakefield’s Capital Markets Group.
OXNARD, CALIF. — Solar Surgical Center, LLC has leased 5,281 square feet of ground-floor office space at Solar Drive Business Park in Oxnard. The value and terms of the lease were not disclosed. Steve Doll and Bill Kiefer with NAI Capital’s Ventura County office represented both Solar Surgical and the building owner, Hines, in this transaction.
WALTHAM, MASS. —The suburban leasing group of NAI Hunneman has negotiated a 13,360-square-foot office lease renewal and expansion for Waltham, Mass.-based RentGrow Inc. at 307 Waverly Oaks Rd. in Waltham. Jim Boudrot and Evan Gallagher of NAI Hunneman represented RentGrow, a tenant screening company, in the transaction. Duffy Properties, the landlord, was self-represented.
HOUSTON — Miami-based Parmenter Realty Partners has acquired the 225,727-square-foot Woodland Park Plaza, an office building located at 11490 Westheimer Rd. in the Westchase submarket in Houston. The acquisition was purchased through Parmenter's institutional fund, Parmenter Realty Fund IV. The property was 68 percent leased at the time of the acquisition.
ALISO VIEJO, CALIF. — A 7,068-square-foot, single-story, pre-school facility located at 10 Mareblu in Aliso Viejo has sold for $1.95 million. The sale was executed by Allen Basso, senior vice president of Lee & Associates’ Irvine, Calif., office.
WITCHITA, KAN. — Sarasota-Fla.-based LUX Building, LLC has purchased Protection One, a seven-story office building, located in downtown Witchita, Kan., for an undisclosed amount. LUX Building plans to maintain the building's original character, and architectural features will be maintained and repurposed through a modern design.
EAST FISHKILL, N.Y. — Colliers International has arranged the $4.5 million sale of a 1 million-square-foot office complex in East Fishkill, N.Y. The property consists of five buildings. Gerard Hallock and Stephen Westerberg of Colliers International's Stamford, Ct. office, along with Prudential Serls Prime Properties Commercial Group, represented the undisclosed seller. The buyer was China-based Linuo Power Group.
DALLAS — Dallas-based Caddo Holdings has acquired a three-building portfolio in Dallas that consists of approximately 281,000 square feet of office and retail space. Caddo purchased the buildings — located at 2811 McKinney Ave., 2501 Cedar Springs Ave. and 3400 Carlisle St. — from an undisclosed Texas-based seller. Creighton Stark of Colliers International's Dallas office negotiated the transaction. American Bank of Texas provided financing for the portfolio. Caddo will manage the portfolio and Nathan Durham of PM Realty Group's Dallas office will handle the portfolio's leasing.
HOUSTON — New York City-based Angelic Real Estate has secured a $4.57 million loan for the acquisition and tenant improvement costs for 221,000 square feet of office space in High Ridge Business Park, located at 5750 N. Sam Houston Pkwy. E. in Houston. The property has been REO for several months and was 42 percent leased at the time of purchase. Angelic arranged the fixed-rate financing with a 3-year term on behalf of the borrower, a Houston-based private equity firm.
