ARLINGTON, TEXAS — JLL has negotiated the sale of a 63,124-square-foot retail property leased to Albertsons and located at 6620 Highway 287 Frontage Road in Arlington. The sale includes the 6.4 acres on which the single-tenant property is situated. Matthew Berres and Caroline Binning of JLL marketed the property on behalf of the undisclosed seller. The buyer was also undisclosed.
THE WOODLANDS, TEXAS — Med-Data Inc., a provider of technology-enabled healthcare services, has signed a 50,717-square-foot office lease at Havenwood Office Park in The Woodlands, about 30 miles north of Houston. The Class A property features a fitness center, conference room and an outdoor plaza. Lisa Hughes of The J. Beard Real Estate Co. represented the landlord, Havenwood Land Developments LP, in the lease negotiations. Kevin Saxe and Rupi Singh of CBRE represented Med-Data.
HOUSTON — HomeGoods Inc. will open a 20,000-square-foot store at Weslayan Plaza Shopping Center, a 354,000-square-foot retail property located on the west side of Houston. Culver Stedman of EDGE Realty Partners represented HomeGoods in the lease negotiations. The landlord, Regency Centers, a Florida-based REIT specializing in grocery-anchored shopping centers, was self-represented. A timeline for the store opening was not disclosed.
FONTANA, CALIF. — Dermody Properties has purchased a logistics building, located at 14605 Miller Ave. in Fontana, for an undisclosed price. Situated two miles east of Interstate 15, the 265,500-square-foot property is located 10 minutes from Southern California’s Ontario International Airport. Dermody Properties plans to implement an improvement program at the property in the first quarter of 2019. Renovations will include upgrading the fire system to ESFR, making aesthetic changes and dividing the building into two spaces, although the property will be available to either a one- or two-tenant scenario. Ryan Athens and Hunter McDonald of CBRE represented the undisclosed seller in deal. Frank Geraci, Juan Gutierrez and Adam Geiger of Voit Real Estate Services will market the space for Dermody Properties.
BELLEVUE AND KIRKLAND, WASH., AND APTOS, CALIF. — HFF has arranged both the sale of and acquisition financing for three Class A seniors housing communities totaling 253 units on the West Coast. The sale structure essentially added a joint-venture partner, with Áegis Living as the seller and a venture between Blue Moon Capital Partners and Áegis affiliates as the buyer. The price was not disclosed. The portfolio offers a blend of assisted living and memory care units and has a combined average occupancy of nearly 95 percent. The two Seattle-area properties in the portfolio are Áegis of Bellevue in Bellevue, which consists of 68 assisted living and 18 memory care units, and Áegis Lodge of Kirkland in Kirkland, which consists of 70 assisted living and 17 memory care units. The Northern California property, Áegis of Aptos, is located in Aptos, an oceanside community approximately eight miles east of Santa Cruz and less than 40 miles south San Jose. The HFF investment advisory team representing the seller included David Fasano, Ryan Maconachy, Chad Lavender, Ross Sanders, Mark Wintner and Christopher Ross. HFF’s debt placement team representing the borrower was led by director Sarah Anderson.
SAN JOSE, CALIF. — Levin Johnston of Marcus & Millichap has arranged the sale of Lakewood Court Apartments, a multifamily property located at 1953 Via Reggio Court in downtown San Jose. Sridhar Equities acquired the property from a private family for $17.3 million. Built in 1988 and situated on 1.6 acres, Lakewood Court Apartments features 48 units in a mix of one- and two-bedroom layouts. The pet-friendly asset features garage parking and a community pool and spa. Adam Levin, Robert Johnston and Eymon Binesh of Levin Johnston of Marcus & Millichap represented the seller and buyer in the deal.
DENVER — Stonebridge Cos. is developing a dual-branded Hilton property located at 801 15th St. in downtown Denver. The Denver-based company is serving as the owner, developer and operator for the 22-story project, which will feature 382 hotel rooms and suites. Within walking distance of the Colorado Convention Center, the 176-room Tru by Hilton Denver Downtown Convention Center and 206-suite Home2 Suites by Hilton property is slated to open in late 2019. Tru by Hilton will feature in-room entertainment; an open lobby with areas for guests to work, play games, eat and lounge; free Wi-Fi; and a 24/7 Eat & Sip market. The pet-friendly Home2 Suites will feature fully equipped kitchens and modular furniture in guest suites, complimentary internet, communal spaces, Spin2 Cycle, guest laundry, oversized fitness area and Home2 MKT for grab-and-go items. The development will also have a variety of shared amenities, including a fitness center, conference room, restaurant, bar, valet parking and a five-story, 74,500-square-foot parking garage with 153 stalls.
SAN DIEGO — Affirmed Housing Group has acquired a 10,000-square-foot land parcel located in downtown San Diego. Central Auto Parks LLC sold the property for $3.7 million. Affirmed Housing Group plans to develop a 78-unit affordable housing property on the currently vacant parcel at the southeast corner of Front and Beech streets. Victor Krebs of Colliers International San Diego Region represented the seller, while Affirmed Housing Group was self-represented in the transaction.
NEW YORK CITY — Eunate Real Estate NY LLC has acquired a 4,620-square-foot retail condominium in Nomad. The sales price was $26.5 million. Located at 212 Fifth Ave., the property includes more than 200 feet of wraparound frontage. At the time of sale, the property was fully occupied. Christine Trainaand Elissa Slanof Douglas Elliman Real Estate represented Eunate Real Estate in the transaction. The sellers, Building and Land Technology and Madison Equities, were represented by Cushman & Wakefield.
SYRACUSE, N.Y. — Jacobson Properties and Cushman & Wakefield/Pyramid Brokerage Co. have negotiated the $18.9 million sale of Hill Medical Center, an 81,859 square foot medical office building located on the downtown campus of SUNY Upstate University Hospital in Syracuse. Lisa Menin of Jacobson Properties and Leo Jones of Cushman & Wakefield/Pyramid Brokerage Co. represented the seller, Business Venture Associates Limited Partnership, in the transaction. The buyer was a national private equity healthcare investor. Hill Medical Center is 98 percent leased and is anchored by SUNY Upstate University Gastroenterology, Upstate Cancer Center Hematology/Oncology at the Hill, Upstate Cancer Center at Hill Radiation Oncology and St. Joseph’s Hospital Cardiology.
