RIO RIO, ARIZ. — Omega Produce Co. has completed the sale of an industrial space at 891 E. Frontage Road in Rio Rio. Grower Alliance Properties acquired the asset for $3.6 million. Jose Dabdoub of Cushman & Wakefield | PICOR represented the seller in the deal.
SANTA MONICA, CALIF. — Barnes & Noble will open a store within a 21,000-square-foot space at Third Street Promenade in Santa Monica. This marks the return of the retailer to the property following a five-year hiatus. Other new tenants at the center include fitness brand JOHN REED and pickleball venue Pickle Pop.
LEBANON, TENN. — JLL Capital Markets has arranged a $40 million loan for the acquisition of Alligood Industrial Park, a two-building industrial development located in Lebanon, roughly 30 miles east of Nashville. Totaling 410,370 square feet, the development features 32-foot clear heights, 135-foot truck courts, 76 dock doors and ESFR sprinklers. Aldon Cole, Brian Carlton and Brad Vansant of JLL secured the five-year, fixed-rate financing on behalf of the buyer, Pearlmark Real Estate.
FORT WORTH, TEXAS — Simmons Bank has signed a 26,982-square-foot office lease renewal at Overton Centre, a two-building, 417,465-square-foot complex in southwest Fort Worth. The property offers amenities such as a newly renovated lobby, deli and a fitness center. Matt Carthey and Jake Neal of Holt Lunsford Commercial represented the landlord, an entity doing business as FLDR/TLC Overton Centre LP, in the lease negotiations. Simmons Bank was self-represented.
GREENSBORO, N.C. — Capstone Cos. has brokered the $13.5 million sale of Cottage Gardens, an apartment community located in Greensboro. Built in 1960, the property totals 176 units. Ron Corrao, Eric Liebich, Josh Greenwald, Scott Fuller, Matt Weinstein and Dane Lozier of Capstone represented the undisclosed seller in the transaction. VanRock Real Estate was the buyer.
CHARLOTTE, N.C. — Trilogy Investment Group and Pinnacle Partners are underway on a 68-unit build-to-rent townhome community in the North Davidson (NoDa) market of Charlotte. This marks the second development for the joint venture, which purchased the project from Pulte Homes during construction. Pulte will continue to serve as the construction manager, with the community scheduled for completion in phases through the fourth quarter of 2024. Monthly rental rates begin at $2,800, according to the property website.
HOUSTON — Colliers has negotiated the sale of a 5,785-square-foot office building located at 13623 Perry Road in northwest Houston. The single-story building was constructed on 2.6 acres in 2002. Tom Condon Jr. and John Grimsley of Colliers represented the undisclosed seller in the transaction. Kariliz Perez of Stone & Fields represented the buyer, Antelmo Investments, which plans to use the property as a funeral home. Lone Star Bank provided acquisition financing for the deal.
NORTHBROOK, ILL. — Focus, together with development partner Fort Union, is scheduled to break ground on a new electric vehicle sales, service and distribution center for Tesla in Northbrook, a northern suburb of Chicago. Focus is hosting a groundbreaking event for the 50,000-square-foot project on Wednesday, Oct. 4. According to a press release, the project will assist the city in achieving the goals set in its 2021 Climate Action Plan.
MENASHA, WIS. — An affiliate of Phoenix Investors has unveiled plans to convert its industrial property at 2225 American Drive in Menasha into a self-storage facility. Comprising 65,000 net rentable square feet, the property will feature up to 600 self-storage units. There will also be more than 100,000 square feet of RV and boat storage parking and several executive office suites. Formerly operated as a call center, the property is situated near I-41. The single-story building was constructed in 1981 and underwent significant renovations in 1999 and 2020. The self-storage units are slated to be available by early 2024. Store Here Self Storage will operate the facility, marking its third in Wisconsin.
CINCINNATI — Advertising agency Curiosity has purchased a historic building near Cincinnati’s Over-the-Rhine neighborhood for an undisclosed price. The company plans to update the building, relocate its headquarters and add 32 new jobs. Founded in Cincinnati in 2012, Curiosity employs 68 full-time staff members. The building formerly served as the home of Chatfield College on Central Parkway. Cincinnati-based SHP will oversee architecture and design for the 16,200-square-foot project, which includes an expanded in-house content production studio. The Ohio Department of Development’s Ohio Tax Credit Authority approved a tax credit for the project. JobsOhio plans to provide assistance for the project after a final agreement is executed.