HAMILTON, N.J. — NAI Fennelly has negotiated the sale of a 3,400-square-foot medical office building in Hamilton, located outside of Trenton in Mercer County. According to LoopNet Inc., the property at 2131 Route 33 was originally built in 1985. Matt Fennelly of NAI Fennelly represented the seller, Advanced Family Dentistry LLC, in the transaction. Stephen Kaplan of Keller Williams represented the buyer, an undisclosed private investor.
MADISON HEIGHTS, MICH. AND PITTSBURGH — Dick’s Sporting Goods has agreed to acquire outdoor retailer Moosejaw from Walmart. Founded in Michigan in 1992, Moosejaw operates brick-and-mortar locations in Arkansas, Colorado, Illinois, Kansas, Michigan and Missouri, in addition to its e-commerce platform. “We believe there’s potential to grow the Moosejaw business and provide compelling experiences and an expanded product assortment to its millions of loyal customers,” says Todd Spaletto, senior vice president of Pittsburgh-based Dick’s and president of the company’s specialty outdoor retailer, Public Lands. Moosejaw CEO Eoin Comerford will stay on following the acquisition, reporting to Spaletto. The deal is expected to close in March 2023.
CHICAGO — BearingPoint, an independent management and technology consultancy firm, has signed a 12,000-square-foot office lease at The Mart located at 222 Merchandise Mart Plaza in Chicago’s River North. BearingPoint is headquartered in Europe and has invested heavily in its international expansion, including Chicago, which doubles as the firm’s U.S. hub. BearingPoint moved its Chicago office from another location in River North. The new office consists of individual workstations, a large café and lounge, two conference rooms, private work areas and multiple collaboration areas. Connor Kerr and Stephen Scott of Savills represented BearingPoint. Vornado Realty Trust owns The Mart, which rises 25 stories and is undergoing a $60 million renovation. Plans call for a new 27,000-square-foot amenity space and conference center, a second 23,500-square-foot gym and a lounge. Completion is slated for late 2023.
NEW HAVEN, IND. — Temco Logistics has signed a 37,580-square-foot office lease at 10651 Rose Ave. in New Haven, just east of Fort Wayne. Bill Drinkall and Chad Voglewede of Bradley Co. represented the landlord, Cedar CDT LLC. Pomona, Calif.-based Temco Logistics delivers and installs home goods.
LA PORTE, IND. — Holladay Properties has sold an 11,700-square-foot primary and urgent care facility occupied by Northwest Health in La Porte, a city in Northwest Indiana. The sales price and buyer were undisclosed. Northwest Health will continue to operate the facility, which offers primary and urgent care services, two separate entrances and 80 parking spaces. Holladay Properties developed the building and Holladay Construction Group served as general contractor. Holladay has developed and constructed three buildings for Northwest Health with a fourth currently under construction in Valparaiso. Brian Wilcox of Holladay facilitated the transaction.
SHREWSBURY, MO. — Spellman Brady & Co. (SBC) has completed the interior design for the addition to Our Mother of Perpetual Help Memory Care at the Cardinal Ritter Senior Service’s campus in Shrewsbury, a western suburb of St. Louis. SBC selected the project’s interior finishes as well as the furnishings and artwork. The single-story memory care addition features two memory care households consisting of 13 private units each. Bright door colors were used in the hallways to help residents locate their units. SBC collaborated with Vessel Architecture, which developed the building addition, and BSI Constructors, the general contractor.
BEND, ORE. — Cushman & Wakefield has arranged the sale of The Alexander Bend, a 136-unit independent living community in Bend. Opened in late 2019 and representing the city of Bend’s newest independent living offering in over 10 years, The Alexander Bend features 3.1 acres of adjacent land. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker and Bailey Nygard represented the seller, BPM Real Estate Group, in the transaction. The buyer was Touchmark, which renamed the community Touchmark at Pilot Butte and will operate it alongside Touchmark at Mount Bachelor Village on the west side of Bend. The price was $57.8 million.
LAS VEGAS — Dornin Investment Group (DIG) has completed the disposition of City Centre Place, an office building located at 400 S. Fourth St. in downtown Las Vegas. California-based Ally Investments acquired the asset for $15.2 million. The six-story City Centre Place features 109,189 square feet of Class A office space. At the time of sale, the property was 36 percent occupied. Onsite amenities include an atrium, attached parking garage, controlled access, monument signage and security. Marc Magliarditi and Travis Landes of CBRE represented the seller in the transaction.
Continental Properties Opens 240-Unit Springs at Northgate Multifamily Community in Colorado Springs
COLORADO SPRINGS, COLO. — Continental Properties has opened Springs at Northgate, an apartment property located at 93 Clear Pass View within the 200-acre master-planned Polaris Pointe development in Colorado Springs. Springs at Northgate features 240 townhome-style studios, one-, two- and three-bedroom apartments with modern floor plans, high-end finishes, gourmet kitchens, abundant natural light, in-unit washers/dryers and private patios or balconies. Onsite amenities include a swimming pool, community clubhouse, outdoor grill area, 24-hour fitness center, car care area and leash-free dog park.
INDIO AND PERRIS, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sales of two new properties leased by 7-Eleven in Riverside County. Two different buyers acquired the assets for a combined total of $10.1 million. Bill Asher and Jeff Lefko of Hanley Investment Group represented the sellers, TSC Perris LLC and TSC Indio Golf Center LLC, in both transactions. In the first transaction, a private investor acquired a newly constructed, 3,494-square-foot 7-Eleven convenience store and gas station at the intersection of Golf Center Parkway and Avenue 45 in Indio. The property traded for $5.1 million, or $1,474 per square foot. Rick Lazar of Lee & Associates in Riverside represented the buyer. In the second deal, a Los Angeles-based private investor purchased a recently completed, 2,950-square-foot 7-Eleven convenience store and gas station at Perris and Harley Knox boulevards in Perris. The asset traded for $5 million, or $1,695 per square foot. Pooya Dayanim of Beverly Hills-based Dayanim Real Estate Corp. represented the buyer.