GREENWICH, CONN. — Stark Office Suites has signed a 23,538-square-foot office lease extension and expansion in the southern coastal Connecticut city of Greenwich. The provider of flexible workspace solutions is taking an additional 5,772 square feet at 777 West Putnam, a 134,000-square-foot building located along U.S. Route 1. James Ritman and Benjamin Goldstein of Newmark represented the landlord, New York-based investment firm Shelbourne, in the lease negotiations. The tenant was self-represented.
REYNOLDSBURG, OHIO — The Cooper Commercial Investment Group has brokered the $5.4 million sale of Livingston Avenue Center, a 101,621-square-foot shopping center in the Columbus suburb of Reynoldsburg. The fully leased property is home to tenants such as Save-a-Lot, Big Lots and Urban Air. Dan Cooper of Cooper Group represented the seller, a private investment group out of California. The Midwest-based buyer purchased the asset at a cap rate of 8.19 percent.
OAK BROOK, ILL. — Graycor Construction Co. has completed Wonderverse, a 45,000-square-foot entertainment space at Oakbrook Center in suburban Chicago. The project features a hybrid of physical and multi-media experiences, interactive installations, attractions and experiences, allowing visitors to step into their favorite Sony Pictures stories. Sony is the project’s owner. The space includes escape rooms, virtual reality adventures, bumper cars, racing simulators, an arcade and speakeasy. The project team included Scenario as the owner’s representative and EXP as the architect of record.
LOS GATOS, CALIF. — Marcus & Millichap has brokered the sale of a retail property, located at 52 N. Santa Cruz Ave. in Los Gatos, just south of San Jose. The asset traded for $4.5 million. Built in 1985, the 4,401-square-foot property is fully occupied and offers six commercial spaces. Yuri Sergunin and J.J. Taughinbaugh of Marcus & Millichap’s Palo Alto office represented the undisclosed seller and procured the undisclosed buyer in the deal.
CLINTON TOWNSHIP, MICH. — Andiamo Pasta & Chops will open at The Mall at Partridge Creek in Clinton Township, a northern suburb of Detroit. The restaurant comes from Michigan-based Joe Vicari Restaurant Group. The concept will be something new for Michigan restaurants, but the idea will be mirrored off Joe Vicari’s Andiamo Italian Steakhouse in Las Vegas. Andiamo Pasta & Chops is slated to open this summer in the 7,670-square-foot space formerly home to Brio Italian Grille at 17430 Hall Road. Renovation plans call for the space to be completely redesigned and reconfigured around a central bar, which will become the centerpiece of the new restaurant. There will also be a lounge area, two dining rooms and a separate banquet area. The Mall at Partridge Creek is a 640,000-square-foot, open-air shopping center that is home to more than 80 stores, restaurants and entertainment sites. The mall is leased and managed by Spinoso Real Estate Group.
RIVER GROVE, ILL. — Interra Realty has arranged the sales of three apartment buildings in River Grove, a western suburb of Chicago. A two-property, 12-unit portfolio sold for $1.7 million, while an eight-unit building traded hands for $1.1 million. The properties in the portfolio were built in 1969, while the standalone building was completed in 1980. Patrick Kennelly, Paul Waterloo and Nathan Zito of Interra represented the seller of the portfolio, while Ralph Szypcio of Coldwell Banker represented the buyer. The same Interra brokerage team represented the buyer and seller of the standalone building. Both buyers are local operators who plan to self-manage the properties and improve them over a long-term ownership horizon. All of the buildings were fully occupied at the time of sale.
TUCSON, ARIZ. — Subto Fund LLC has purchased Coronado Vistas, a multifamily property in Tucson, from Bellevue 21 LLC for $1.8 million. Located at 4424 E. Bellevue St., the community features 21 apartments. Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR represented the buyer and seller in the transaction.
ANAHEIM, CALIF. — CBRE has arranged the purchase of a seven-unit apartment building in Anaheim. A private investor acquired the asset for $2.5 million, or $360,714 per unit. Dan Blackwell and Amanda Fielder of CBRE represented the Orange County-based buyer in the deal. The seller was from Alameda County. Built in 1985, the 6,500-square-foot building is located at 406 E. South St. on a 9,148-square-foot lot. The community features individual patios, garage parking and a newly installed fire sprinkler system.
SHAWNEE, KAN. — Five Guys will open a 2,300-square-foot restaurant at 10 Quivira Plaza in Shawnee, approximately 10 miles southwest of Kansas City. The location, slated to open in June, marks the 13th restaurant for Five Guys in the Kansas City area. Erin Johnston of Copaken Brooks represented ownership on an internal basis. Five Guys joins other retailers Westlake Hardware, Big Biscuit, Vintage Stock and Price Chopper at the shopping center, which is located on the northwest corner of Shawnee Mission Parkway and Quivira Road.
SAN DIEGO — Impact Real Estate LLC has sold a development site in San Diego to Gabriel Mauser for $1.3 million. The buyer plans to develop 11 accessory dwelling units (ADU) on the 30,493-square-foot property, which is located at 6353 Broadway. Aaron Bove of Marcus & Millichap represented the seller, while Simon Oliveri procured the buyer in the deal.