CARROLLTON, TEXAS — Idaho-based discount grocer WinCo Foods will open an 82,077-square-foot grocery store within Trinity Valley Shopping Center in Carrollton on March 29. The store will occupy an anchor space that was previously leased to Target and was redeveloped following that store’s closing in 2015. For WinCo Foods, an employee-owned grocer, the Trinity Valley location will be its 120th overall.
NEW YORK CITY — Cushman & Wakefield has arranged the sale of 151 Eighth Ave., a five-story mixed-use building in Manhattan’s Chelsea neighborhood, for $18.3 million. Brock Emmetsberger, Billy Simons and Rachel Aschendorf of Cushman & Wakefield represented the undisclosed seller in the transaction. The buyer was a partnership made up of Stone Street Properties and Greenwich Village Capital. The 15,260-square-foot building contains 16 residential units, two retail units and one cell tower. Of the 16 apartments, 11 are free market, four are rent stabilized and one is rent controlled. The building is located in close proximity to retail and dining options that include Chelsea Market and Barneys New York.
CORPUS CHRISTI, TEXAS — Dave & Buster’s will open an 18,000-square-foot restaurant and gaming center within La Palmera, a 1 million-square-foot regional shopping mall currently being redeveloped by Trademark Property Co. in Corpus Christi. The venue, which will be the first Dave & Buster’s on Texas’ Coastal Bend, is scheduled to open in time for the 2018 holiday season. Other tenants that have recently taken space at La Palmera include jeweler Kendra Scott, Perfect Brow & Relaxology salon and Steak n’ Shake.
BOSTON — JLL Capital Markets has arranged the sale of 10 Cabot Road in Medford, a 107,026-square-foot office building for $25 million. Frank Petz, Matthew Sherry and Scott Carpenter of JLL brokered the sale of the property on behalf of Boston-based Morris & Morse Co. The buyer was KS Partners. At the time of the sale, 10 Cabot Road was 79 percent leased to nine tenants. The building is located four miles north of downtown Boston with access to the Massachusetts Bay Transportation Authority’s Orange line.
TRUMBULL, CONN. — Washington Trust’s Commercial Real Estate Group has provided $6.6 million to refinance and make tenant improvements to an 83,193-square-foot multi-tenant office and industrial property in Trumbull. The 14-acre property located at 60 Commerce Drive is the former headquarters of the Pilot Pen Corp. and consists of two interconnected buildings. The front building is three levels totaling 15,505 square feet of office space while the rear building contains 67,688 square feet of office and industrial space. 60 Commerce Drive is owned by CH Commerce Drive Associates and City Park Commerce Drive.
NEW YORK CITY — The Blumenfeld Development Group has acquired an 80,000-square-foot industrial building at 260 Spur Drive South in Bay Shore, Long Island for $6.15 million. The property currently serves as the North American headquarters of Tensator, a provider of electronic queuing solutions in several industries including the retail and healthcare sectors. Blumenfeld, in partnership with The Hampshire Companies, acquired the property and negotiated a lease extension for Tensator. Kyle Burkhart of Cushman & Wakefield represented Tensator and Jason Miller and Jeffrey Schwartzberg of Premier Commercial Real Estate represented the undisclosed seller in the transaction. Bay Shore is 50 miles east of Manhattan.
HOUSTON — BK Kirby LP, an entity of Houston-based Baker Katz, has acquired a 9,190-square-foot shopping center located at 5802 Kirby Drive in southwest Houston. The center is home to tenants such as Papa John’s, Creative Blinds, RadioShack and Sprint. Jim Bayne of Investar Real Estate Services Inc. represented the seller, Kirby Shopping Center LP, in the sale.
AUSTIN, TEXAS — The University of Texas at Austin (UT) has leased 5,548 square feet of office space at Centennial Towers, a six-story complex in north Austin. Jason Steinberg and Matt Levin of Equitable Commercial Realty (ECR) represented the landlord in the lease negotiations. Kristi Simmons and Max McDonald of Aquila Commercial represented the university.
ORLANDO, FLA. — Berkadia has provided a $40.5 million acquisition loan for Art Avenue Apartment Homes, a 300-unit multifamily community located at 10201 Lee Vista Blvd. in Orlando. Mitch Sinberg, Matthew Robbins and Wesley Moczul of Berkadia originated the 10-year, Freddie Mac loan with five years of interest-only payments on behalf of the borrower, Robbins Property Associates. Colony NorthStar Inc. sold the property to Robbins for an undisclosed price. Art Avenue includes studio to three-bedroom apartment units with granite-look countertops, stainless steel appliances, faux-wood flooring and patios or terraces. Community amenities include an internet lounge, coffee bar, fitness center, children’s art room, resort-style pool and an outdoor fire pit.
ST. PETERSBURG, FLA. — Hall Structured Finance (HSF) has provided a $35.5 million construction loan for the development of The Vantage, a 211-unit apartment community in St. Petersburg. Mike Lemon and Matt Shane of Q10 Lutz Financial Services arranged the loan on behalf of the project developer, Michigan-based DevMar Development. The 11-story apartment community will feature a rooftop pool, terrace and veranda, fitness center and a yoga room. The property is located one mile from downtown St. Petersburg within the EDGE district, a walkable community that houses retail, restaurants, nightlife and art galleries. DevMar Development expects to deliver The Vantage in September 2019.
