GARLAND, TEXAS — The City of Garland has approved a 21,000-square-foot expansion for Kirchoff Automotive at its industrial facility located at 3901 W. Miller Road. The project will expand the German automotive components manufacturer’s operations from 94,000 to 115,000 square feet. As part of the project, Kirchoff will invest $20 million in the acquisition and installation of new advanced machinery and equipment at the site. The expansion will begin in April 2019, and the facility is expected to be fully operational by 2020. Kirchoff launched operations in Garland in 2012 and currently staffs 200 employees at its facility that makes parts for Chevrolet, GMC and Cadillac SUVs. The parts manufactured in Garland are then shipped to General Motors assembly plants.
DALLAS — NAI Robert Lynn has arranged a 17,300-square-foot lease for EJES Inc. at North Central Plaza III in Dallas. The civil engineering and land development firm will move its headquarters from another office in Dallas to the new space, located at 12801 Central Expressway, in November. Kent Smith of NAI Robert Lynn negotiated the lease on behalf of EJES. Onsite amenities at North Central Plaza include a deli, complimentary weekly shoe shine, a fitness center, conference center and a courtyard. EJES currently operates six offices across Texas, Louisiana and Mississippi.
HOUSTON — HFF has secured a five-year loan for the refinancing of 4 Eighty West Parker, a 137-unit apartment community in Houston. Cortney Cole and Sterling Curry of HFF arranged the fixed-rate loan with two years of interest-only payments through Green Bank on behalf of the borrower, TriArc Properties. The loan amount was not disclosed. The property includes 12 two-story buildings with units averaging 906 square feet. Community amenities include a pool, picnic area, playground, clubhouse and a business center. The community was renovated this year and was 93.7 percent occupied at the time of sale.
HOUSTON AND PASADENA, TEXAS — Baker Katz has arranged two leases for FedEx Office in Houston and Pasadena. In Houston, Lunden McGill of Baker Katz secured a 10-year lease for the retailer at 10550 Westheimer Road. Chace Henke of Edge Capital Markets represented the owner in the lease negotiations. In Pasadena, located roughly 15 miles southeast of Houston, McGill secured a five-year, 1,800-square-foot lease for a store at 3425 Spencer Highway. Brian Ellisor of Red Oak Commercial represented the building owner. FedEx Office provides an outlet for FedEx Express and FedEx Ground. In addition to shipping, FedEx Office offers printing, copying and binding services.
SAN DIEGO — The Irvine Co. has purchased Sunroad Corporate Center, a three-building office property located in San Diego’s University Town Center submarket. Sunroad Enterprises sold the property for an undisclosed price. Situated on 8 acres at 4401, 4435 and 4445 Eastgate Mall, Sunroad Corporate Center comprises three four-story buildings featuring a total of 302,289 square feet of Class A office space. The campus features a fitness facility and the buildings are adjoined by an outdoor environment complete with a newly constructed pavilion, which includes a floating café and lounge and modern water features. Additionally, each building has its own subterranean elevator-served executive parking facility, as well as ample surface parking and a standalone parking structure. Kevin Shannon, Brunson Howard, Paul Jones, Ken White and Rick Stumm of NKF represented the seller, while The Irvine Co. was self-represented in the transaction.
PHOENIX — Colliers International has arranged the sale of Siena on Baseline, an apartment community located at 4520 E. Baseline Road in Phoenix. Dallas-based Knightvest Acquisitions acquired the property from Scottsdale, Ariz.-based P.B. Bell Companies for $49 million. Situated on 14 acres, the 22-building property features 352 apartments in a mix of one-, two- and three-bedroom layouts. Built in 1986, the community features a clubhouse, three swimming pools, spa, fitness center and pet park. Cindy Cooke and Brad Cooke of Colliers International in Greater Phoenix represented the seller, while the buyer was self-represented in the deal.
PHOENIX — Minnetonka, Minn.-based Merced Capital and California-based Restart Investments have completed the sale of Camelback Arboleda, an office building located in Phoenix’s Camelback Corridor. Solana Beach, Calif.-based Fenway Capital Advisors acquired the property for $25.3 million. Brian Ackerman and Dennis Desmond of JLL represented the sellers in the deal. The four-story building features 178,792 square feet of office space. Additionally, the property is located adjacent to Camelback Marketplace, a 107,000-square-foot retail center featuring a variety of tenants, including Starbucks Coffee, Chick-fil-A, McDonald’s, Subway, Einstein Bros. Bagels, Yogis Grill and Zoës Kitchen.
SAN DIEGO — CBRE has negotiated the sale of a retail building, located at 2801-2811 University Ave. in San Diego’s North Park submarket. Sally K. Butcher, special trustee of Donald L. Butcher and Sally K. Butcher Trust, sold the property to Cahuenga Lofts LLC for $4 million. Joel Wilson, Reg Kobzi and Michael Peterson of CBRE’s San Diego office represented the seller, while Cory Stehr of Lee & Associates represented the buyer in the deal. The Mission North Park, a breakfast and lunch restaurant, and Fido & Co. Canine Country Club, a dog daycare and grooming salon, occupy the two-tenant, 9,000-square-foot retail property.
DENVER — Pinnacle Real Estate Advisors has arranged the sale of a retail building located at 476 S. Broadway in Denver. An undisclosed buyer acquired the property for $2.7 million, or $114.83 per square foot. Situated in the Washington Park West neighborhood of Denver, the building features 23,513 square feet of retail space. Le Grues Flower and Gifts will continue to occupy the space. Cody Stambaugh of the Stambaugh|Sengelmann Team of Pinnacle Real Estate Advisors assisted the buyer and undisclosed seller in the deal.
MANSFIELD, OHIO — Out of the Box Ventures LLC has acquired Richland Mall in Mansfield, located midway between Columbus and Cleveland. Wells Fargo Bank NA sold the property for $7.4 million, according to local media. Macy’s, JC Penney, Sears and AVITA Health Systems anchor the 733,633-square-foot enclosed mall. Other tenants include Victoria’s Secret, American Eagle Outfitters, Chuck E. Cheese’s, Bath & Body Works, Champs Sports, GameStop, Lenscrafters and The Finish Line. The acquisition includes all but Sears and AVITA Health Systems, which are both separately owned. Robert Marona of Madison Marquette will market the property. Out of the Box Ventures is a subsidiary of Miami-based real estate development firm, Lionheart Capital.