Property Type

Mid-City-Business-Park-San-Antonio

SAN ANTONIO — Divine Technologies Aerospace Corp. (D-Tech), a Texas-based aerospace company, has signed an 83,482-square-foot industrial lease in San Antonio. The space is located within Building 2 of Mid-City Business Park, a three-building, 352,890-square-foot development development on the city’s west side. Roger Hill III and Kyle Kennan of Partners Real Estate represented the landlord, Houston-based Welcome Group, in the lease negotiations. John Colglazier Jr. and Scott Christy, also with Partners, represented the tenant.

FacebookTwitterLinkedinEmail

SAN ANTONIO — Marcus & Millichap has arranged the sale of Rigsby Avenue Shopping Center, a 62,400-square-foot retail property located on the east side of San Antonio. Built in 2002, the center is home to tenants such as Dollar Tree (anchor), Alamo City Urgent Care, Brident Dental, Baptist Health Systems, AVIS and Cato. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors who requested anonymity, in the transaction.

FacebookTwitterLinkedinEmail

HOUSTON — Colliers has brokered the sale of Parks at Boulder Creek, a 52,889-square-foot shopping center located in South Houston. The center sits on a 4.8-acre site at the southeast corner of Beltway 8 and Pearland Parkway. Spec’s Wines, Spirits & Finer Foods anchors the center, which is also home to a Chipotle Mexican Grill. Christopher Winters of Colliers represented the seller in the transaction. Joshua Sebesta of S+P Interests represented the buyer. Both parties requested anonymity.

FacebookTwitterLinkedinEmail

CARROLLTON, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 39,860-square-foot industrial lease in the northern Dallas metro of Carrollton. According to LoopNet Inc., the building at 2425 Camp Ave. was constructed in 1979 and totals 120,820 square feet. Andrew Gilbert, Keaton Brice and Jon Skidmore of Holt Lunsford represented the landlord, Boston-based Taurus Investment Holdings, in the lease negotiations. Rich Young of Rich Young Co. represented the tenant, Turnkey Overstock Inc.

FacebookTwitterLinkedinEmail
370-Lexington-Avenue-Manhattan

NEW YORK CITY — ACORE Capital has provided a $110 million loan for the refinancing of 370 Lexington Avenue, a 317,000-square-foot office building located in the Grand Central submarket of Midtown Manhattan. The building was originally constructed in 1929 and recently underwent renovations to the lobby, elevators, building access systems, hallways and bathrooms. The loan was executed as part of a larger, $138 million recapitalization, additional terms of which were not disclosed. The sponsor is a partnership between two locally based owner-operators, Broad Street Development and KSR Capital. Peter Greisinger arranged the financing.

FacebookTwitterLinkedinEmail

CARLSTADT AND EAST RUTHERFORD, N.J. — Cushman & Wakefield has brokered the sale of a portfolio of four industrial buildings totaling 256,381 square feet in the Northern New Jersey communities of Carlstadt and East Rutherford. The buildings are collectively known as Kurv Meadowlands and feature clear heights of 16 to 27 feet. Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema of Cushman & Wakefield represented the seller, JP Morgan Asset Management, in the transaction and procured the buyer, Kurv Industrial. John Alascio, Chuck Kohaut and TJ Sullivan, also with Cushman & Wakefield, arranged an undisclosed amount of acquisition financing for the deal through CIBC.

FacebookTwitterLinkedinEmail

BRENTWOOD, N.Y. — CAPREIT has acquired Broadway West, a 114-unit apartment complex in the Long Island community of Brentwood. Built in 2003, Broadway West offers one- and two-bedroom units and amenities such as a resident clubhouse, outdoor grilling and dining stations, a fitness center and onsite laundry facilities. The seller and sales price were not disclosed.

FacebookTwitterLinkedinEmail

NEW YORK CITY — Marcus & Millichap has negotiated the $14.5 million sale of a 40,400-square-foot industrial building in Queens. Constructed in 1931, the fully leased building at 43-10 21st St. is located in the borough’s Long Island City area and features a clear height of 13.5 feet. Jakub Nowak and Matthew Rosenzweig of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

FacebookTwitterLinkedinEmail

WEST MELBOURNE, FLA. — Atlantic Capital Partners has arranged the $78.5 million sale of Hammock Landing, a 750,000-square-foot power retail center located in West Melbourne, a city on Florida’s Space Coast. Tenants at Hammock Landing include Marshalls, HomeGoods, Ross Dress for Less, Academy Sports + Outdoors, Petco, Buffalo Wild Wings, AT&T, Ulta Beauty and SunTrust Bank. Target and Kohl’s shadow-anchor the property. The first phase of the center was developed in 2009, and the second phase was delivered in 2014. Justin Smith, Sam Koonce, Dean Sands, Chris Peterson, Fred Victor and Matt Ericson of Atlantic Capital Partners represented the seller, a joint venture between CBL Properties and The Benchmark Group, and secured the undisclosed buyer in the transaction.

FacebookTwitterLinkedinEmail

NASHVILLE, TENN. — The Convention Center Authority of Metro Government of Nashville & Davidson County has purchased the former Estes Kefauver Federal Building parking garage site, which sits one block from Music City Center in downtown Nashville. The U.S. General Services Administration (GSA) sold the 1.3-acre site at 811 McGavock St. for approximately $52 million. The land purchase comes one year after a feasibility study showed that Music City Center, the 2.1 million-square-foot convention center that opened in May 2013, was losing business due to space limitations and availability constraints. The existing convention center offers 353,000 square feet of exhibit hall space, two ballrooms, 60 meeting rooms and a covered parking garage with 1,800 spaces. The study recommended an expansion of 587,000 square feet to meet current and future demand. “Finding that much space on one lot in close proximity to our building is tough, if not impossible, so we’ll likely have to build on multiple sites,” said Charles Starks, president and CEO of the Convention Center Authority. “This property is a great start toward that end, as we continue to look at property around us.” Site selection is the next step in expansion exploration for Music City Center, according …

FacebookTwitterLinkedinEmail
Newer Posts