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.
MARINA DEL REY, CALIF. — C3 Jian has leased 34,544 square feet of office flex space inside a 60,500-square-foot life science building at 4503 Glencoe Ave. in Marina del Rey. The company plans to use the space, which was previously occupied by Abraxis, for biomedical research and production. The 10-year lease is valued at more than $10 million. C3 Jian was represented by Mathew Miller of CRESA Partners. The building’s owner, Hankey Investment Company, was represented by Jones Lang LaSalle’s Chris Strickfaden and Scott Dobbins, who worked in-house on behalf of Hankey.
ATLANTA — Toronto-based Avison Young has assumed the property management and leasing portfolio of four Atlanta area developments totaling 600,000 square feet from Atlanta-based Barry Real Estate Cos. The properties include 30 Allen Plaza, Lenox Plaza, Lenox Center and 2045 Peachtree. Avison Young will also relocate its Southeastern offices to 30 Allen Plaza.
CHICAGO — NorthMarq Capital has arranged $8.3 million in first mortgage financing for an eight-story office building, located at 626 W. Jackson in Chicago. Jeff Cherner and Rup Patel of NorthMarq's Chicago office arranged the financing with a 5-year term and a 25-year amortization schedule through First Merit Bank on behalf of the borrower, an affiliate of Chicago-based Sterling Bay Cos. The property is currently 100 percent leased.
EAST FISHKILL, N.Y. — China-based Linuo Power Group has acquired a former IBM facility, an approximately 1 million-square-foot office complex known as Hudson Technology Campus, located in East Fishkill, for $4.5 million. Gerard Hallock and Stephen Westerberg of Colliers International's Stamford, Conn., office and Prudential Serls Prime Properties Commercial represented the undisclosed seller.
LEWISVILLE — Caliber Collision Centers is slated to move its corporate headquarters from California to 401 E. Corporate Dr. in Lewisville in mid-November. The company leased 16,397 square feet of office space from the landlord, GL Corporate Pointe. Andrew Taguwa of Jones Lang LaSalle's Dallas office represented the tenant, and Buddy Tompkins of CASE Commercial Real Estate Partners' Dallas office represented the landlord.