HOUSTON — A subsidiary of The Ensign Group Inc. (NASDAQ: ENSG) has acquired the real estate and operations of Champions Healthcare at Willowbrook, a 242-bed seniors housing property located in northwest Houston. The healthcare campus consists of a 98-bed skilled nursing facility and a 144-bed assisted living facility. The seller and sales price were not disclosed.
SAN ANTONIO — Mimco, an El Paso-based retail investment firm, has purchased Walzem Plaza, a 182,713-square-foot shopping center located in northeast San Antonio. Built in 1981, the center is home to tenants such as Harbor Freight Tools, 99 Cents Only, Foot Locker, WellMed, Citi Trends and Wingstop. The seller was an entity controlled by Silver Star Properties. The sales price was not disclosed.
HOUSTON — Freight and logistics firm Paramount Transportation Services has signed a 64,576-square-foot industrial lease extension at World Houston International Business Center in the city’s downtown area. Jay Magness, Joshua Brown and Kaitlyn Duffie of Newmark represented the tenant in the lease negotiations. InSite Realty Partners represented the landlord, Mississippi-based REIT EastGroup Properties.
GALVESTON, TEXAS — A group of private investors with longstanding ties to the hospitality industry has opened the 61-room Hotel Lucine in Galveston. Designed by Austin-based Kartwheel Studio, the hotel is a redevelopment of the Treasure Isle Motel, which was originally built in the 1960s. Amenities include a pool and multiple onsite food-and-beverage options.
COLORADO SPRINGS, COLO. — A partnership between MBK Rental Living and Hines is developing Retreat at Mountainside, a Class A apartment property situated on 9.7 acres in the Briargate neighborhood of Colorado Springs. Spread across multiple three- and four-story buildings, Retreat at Mountainside will feature 284 one-, two- and three-bedroom apartments ranging from 628 square feet to 1,429 square feet. Community amenities will include a clubhouse with a resort-style swimming pool, contemporary coworking spaces, a fitness center and dog park. Completion for the development is slated for 2025.
LAVEEN, ARIZ. — Colliers has arranged the sale of South Mountain Crossing, a neighborhood shopping center located at 3510-3648 W. Southern Ave. and 5806-5950 S. 35th Ave. in Laveen. Santa Ana, Calif.-based ACP Management acquired the property from Fairfield, N.J.-based Lamar Cos. for an undisclosed price. Built in 2007, South Mountain Crossing features 89,389 square feet of retail space on 6.9 acres. The asset is part of a 200,000-square-foot community center that includes 15 businesses, medical facilities and a charter school. Seven tenants occupy the asset, including SkyZone Trampoline Park, Goodwill and Kids Empire. Mindy Korth and JK Jackson of Colliers in Arizona, in conjunction with El Warner and Caitlin Zirpolo of Colliers in Irvine, Calif., handled the transaction.
DENVER — NAI Shames Makovsky has arranged the purchase of an industrial property located at 6270 E. 50th Ave. in Denver. Albrook Partners acquired the asset from C.C.E. Real Estate LLC for $3.8 million. The property features 34,782 square feet of industrial space. Paul Cattin and Adam Hubschman of NAI Shames Makovsky represented the buyer in the deal.
PETALUMA, CALIF. — Gantry has arranged a $9.5 million permanent loan to refinance Plaza North Shopping Center in the Sonoma County city of Petaluma. Lola’s Market, CVS/pharmacy, Starbucks Coffee, GNC, Club Pilates and a variety of fast food, dining, beauty, retailers and professional services occupy the 101,000-square-foot retail center. Robert Slatt, Andrew Ferguson and Maria Zwick of Gantry’s San Francisco production office secured the loan on behalf of the borrower, a private limited partnership. One of the Gantry’s correspondent life company lenders provided the seven-year, fixed-rate, permanent loan. The new financing replaces a maturing loan from 2013.
DENVER — Marcus & Millichap has arranged the sale of a flex industrial building located at 1919 Federal Blvd. in Denver. A private investor sold the asset to an undisclosed buyer for $2.5 million. Situated on 0.4 acres, the 11,600-square-foot property features ample clear heights. Jake Klimas and Brandon Kramer of Marcus & Millichap represented the seller in the deal.
WINOOSKI, VT. — CBRE has arranged the sale of Spinner Place, a 308-bed student housing community located near the University of Vermont in Winooski. The community offers shared amenities including a media room, fitness center and recreation room. The property also features ground-floor retail space that is leased to The Archives Bar, Champlain Nails, Asian Bistro and La Bella Skin Boutique. Jaclyn Fitts, William Vonderfecht, Casey Schaefer, John Reed and Jack Reed of CBRE represented the undisclosed seller in the transaction. Property Income Advisors Inc. represented the undisclosed buyer. Mike Bryant and Brad Peters, also with CBRE, arranged acquisition financing on behalf of the buyer.