LONG BEACH, CALIF. — CNR International has signed a five-year lease for 163,499 square feet of industrial space in the Long Beach submarket of Rancho Dominguez. The space is located at 2626 Vista Industria. The lease is valued at $6.8 million. Dylan Espley-Jones and Say Jeon of Lee & Associates represented the integrated logistics solutions provider. CBRE’s Brian Held and NGKF’s Jim Biondi and Terry Reitz represented the landlord, Prologis, in this transaction.
OKLAHOMA CITY — Binswanger has arranged the sale of an industrial building located at 6700 S. Sooner Road in Oklahoma City. Barr and Hoffman Properties acquired the 18,480-square-foot building from Barclay Properties for an undisclosed price. The building feature four 16-foot overhead doors, two 20-foot overhead doors, one 15-ton crane and 950 square feet of office space. Kipp Collins of Binswanger represented the seller in the deal.
RENO, NEV. — Houston-based Asset Campus Housing has been awarded management of The Summit, a 709-bed community located near the University of Nevada-Reno (UNR) in Nevada. The Summit in Reno offers two-, three-, four- and five-bedroom, fully furnished units. Community amenities include a two-story clubhouse, resort-style pool and tanning deck, outdoor barbecue area, hot tub and private study rooms.
THE WOODLANDS, TEXAS — The Howard Hughes Corp., along with its subsidiary The Woodlands Development Co., is developing Creekside Park Apartments, a multifamily property within Creekside Park Village Center in The Woodlands. Located on Kuykendahl Road, the gated residential property will feature 292 apartment units designed for young families, empty nesters and seniors. Once completed, the property will feature 10 two-story buildings totaling 100 units and two four-story buildings totaling 192 units. Community amenities will include a clubhouse; resort-style pool with outdoor kitchen and grilling areas, cabanas, lounge seating, sundecks and hammocks; a 24/7 fitness center; dog park; bike storage; package delivery lockers; and children’s play area. Designed by Humphreys & Partners Architects, Creekside Park is slated for completion in mid-2018.
WILMER, TEXAS — Colliers International has arranged the sale of an industrial property located at 930 E. Pleasant Run Road within Sunridge Business Park in Wilmer, a southern suburb of Dallas. Makita U.S.A. Inc. acquired the 227,230-square-foot property for an undisclosed price and plans to use it for a regional distribution center. Chris Teesdale, Tom Pearson and El Segundo of Colliers represented the seller, Scannell Properties, and the buyer in the deal.
ALLEN, TEXAS — Marcus & Millichap has brokered the sale of The Shops at Bethany, a retail property located at 740 S. Greenville Ave. in Allen. A private investor acquired the 9,467-square-foot property for an undisclosed price. Bill Jordan of Marcus & Millichap represented the seller, a private investor, and secured the buyer in the deal.
PLAINFIELD, CONN. — Tomasso Group has completed the disposition of Medical Arts Center at The Hartford Healthcare Cancer Institute, located at 201 N. Mountain Road in Plainfield. A publicly traded REIT acquired the property for $30.2 million. At the time of sale, the 72,022-square-foot property was 95 percent leased to Hartford Healthcare, Orthopedic Associates of Hartford and a variety of Hartford Healthcare-employed physicians. Ben Appel, Phil Mahler, Evan Kovac and Doug Rodio of HFF represented the seller in the transaction. Tunxis Management Co., an affiliate of Tomasso Group, will continue to manage the property.
ROCKY HILL, CONN. — CBRE/New England has brokered the sale of a portion of Greenfield Village, a condominium property located in Rocky Hill. An affiliate of The Simon Konover Co. acquired 151 units of the 231-unit condominium community from an undisclosed seller for $13.6 million. The acquired portion features 79 one-bedroom and 72 two-bedroom townhouses with an average size of 778 square feet. Built in 1965, Greenfield Village comprises 56 two-story garden-style buildings offering a total of 231 condominiums. Simon Butler, Biria St. John, Jeff Dunne and Gene Pride of CBRE/NE represented the seller and procured the buyer in the deal.
WALTHAM, MASS. — Colliers International Boston has arranged the $9 million sale of a two-building office and flex portfolio on behalf of Schernecker Property Services. Boston-based btcRE acquired the portfolio, which includes a 40,000-square-foot office and warehouse building at 179 Bear Hill Road and an 18,000-square-foot flex building at 283 Second Ave. in Waltham. MSPCA, a local non-profit that protects animals, fully occupies the property on Second Avenue. Doug Jacoby, Scott Dragos, Tony Hayes, Tim Mulhall and Dan Hines of Colliers represented the seller in the transaction. Additionally, Tom Welsh, Adam Coppola and John Poole, also of Colliers, arranged $9 million in acquisition and bridge financing for a Massachusetts-based loan fund on behalf of the buyer.
PROVIDENCE, R.I., AND PORTLAND, MAINE — Horvath & Tremblay has arranged two retail property sales totaling $4 million in Providence and Portland. In the first deal, an undisclosed investor purchased a 10,920-square-foot retail property located in Providence for $2.5 million. Family Dollar occupies the property under a new 10-year double-net lease with six five-year extension options. Bob Horvath, Todd Tremblay and Brian Ahrens of Horvath & Tremblay represented the undisclosed seller in the transaction. In the second deal, an undisclosed buyer acquired the ground lease to a freestanding restaurant property located on Riverside Street in Portland for $1.5 million. Burger King fully occupies the 2,622-square-foot building and has more than 12 years remaining on its original 20-year ground lease. Horvath, Tremblay and Ahrens represented the buyer in the transaction. The name of the seller was not released.
