OKLAHOMA CITY — CBRE has negotiated a 42,750-square-foot industrial lease renewal at 357 N. Harvard Ave. in Oklahoma City for HDG Products, an entity doing business as Hunton Distribution Group. David Portman of CBRE represented the landlord, Crow-Oklahoma #10, in the lease negotiations. The representative of the tenant was not disclosed.
ENNIS, TEXAS — Dallas-based Venture Commercial Real Estate has arranged the sale of the former Brookshire Grocery building, 37,000-square-foot retail property leased in Ennis, located south of Dallas. Tim Henson and Ben Hines of Venture Commercial represented owner and seller Brookshire Grocery Co. in the disposition of the asset to Avenue Church, which will renovate the property and begin services in the fall.
NORWOOD, MASS. — CBRE has brokered the sale of Commons at Windsor Gardens, a 914-unit multifamily property in Norwood, a southern suburb of Boston. The property consists of 77 buildings with floorplans including 682 apartments and 232 townhomes. The Windsor Gardens commuter rail station is located onsite, offering a direct line to Boston. Simon Butler and Biria St. John of CBRE represented the seller, Windsor Gardens Propco LLC, in the transaction. The CBRE team also procured the buyer, which was undisclosed.
PORTLAND, MAINE — Koucar Management, a Michigan-based developer, has broken ground on a 102-room hotel in Portland, a city about 55 miles north of Augusta. The property is a Cambria-brand hotel from Choice Hotels International, a Maryland-based international hotel franchisor. Amenities include an indoor-outdoor rooftop bar, 2,000 square feet of event space, fitness center and a restaurant and bar. The hotel is slated to open in 2021.
MONTVILLE, N.J. — A joint venture between New Jersey-based developer Diversified Properties LLC and New York-based 1026 Real Estate Investors LLC will develop an 807-unit self-storage facility in Montville, a western suburb of New York City. The project will span three stories and 98,000 square feet of net rentable space. CubeSmart Self Storage will manage the property, construction of which is slated to begin September 2019.
SPARTA, N.J. — Genworth Financial has provided a $12 million construction loan for an 80,000-square-foot ShopRite supermarket and an adjacent 15,000-square-foot ShopRite Wine & Spirits store in Sparta, a city located about 45 miles west of New York. The loan carries a 20-year term and 20-year amortization schedule. David Fryer of G.S. Wilcox & Co. arranged the loan on behalf of the borrower, a partnership between Sparta 283 Realty LLC and Ronetco Supermarkets Inc. Construction is slated for completion in October 2019.
DALLAS — Hana, a subsidiary of CBRE, has opened Hana PwC Tower at Park District in downtown Dallas. The Hana brand is CBRE’s flagship flexible workspace concept. The space spans 67,000 square feet and two and a half floors of the 500,000-square-foot PwC Tower. CBRE expects to open additional Hana locations in the United States and the United Kingdom in the coming months.
LAKEWAY, TEXAS — Full-service real estate firm Equity has completed a 40,000-square-foot medical office building at 101 Medical Parkway in Lakeway, located northwest of Austin. The project represents Phase I of the Lakeway Medical Village development. The building is open for business and houses physician groups and outpatient service providers including Premier Family Physicians, Texas Orthopedics, Urology Austin and Texas PT Specialists.
BROWNSVILLE, TEXAS — Marcus & Millichap has brokered the sale of Plaza Viejo Shopping Center, a 17,900-square-foot retail center located in the South Texas city of Brownsville. The property was built on 2.3 acres in 2005. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors.
HOUSTON — NAI Partners has arranged the sale of a 12,000-square-foot, freestanding industrial building located at 7311 Galveston Road in Houston. Nick Terry of NAI Partners represented the seller in the transaction. Hunter Brown and Nelson Ellis of Brown & Co. Realty represented the undisclosed buyer.