FRESNO, CALIF. — Asset Campus Housing has taken over management of Campus Edge, a 416-bed community near Fresno State University. The pet-friendly property features one- and two-bedroom floor plans with private patios and walk-in closets. Community amenities include hot tubs, a resort-style pool with sundeck and renovated clubhouse equipped with a game room and business center.
LITTLE ROCK, ARK. — Ziff Properties Inc. has purchased Bowman Curve Shopping Center, an 81,271-square-foot retail development located near the intersection of North Bowman Road and West Markham Street in west Little Rock. Mason Lewis and Todd Rice of Colliers International represented the buyer and seller in the $7.1 million transaction. The company plans to invest in cosmetic and structural renovations for the center.
LAS VEGAS — Dunkin’ Donuts has opened a new location inside Hard Rock Hotel & Casino Las Vegas in partnership with travel industry retailer Hudson Group. The newly opened Las Vegas location is one of more than 20 Dunkin’ Donuts restaurants operated by Hudson Group. The restaurant can be found on the first floor of the hotel near the main entrance and is open 24 hours a day, 7 days a week. Dunkin’ Donuts has been strategically expanding in contiguous markets across the country with a long-term goal of having more than 17,000 restaurants in the United States alone. This expansion includes more than 750 alternative points of distribution, including college campuses, hotels, mass transit stations, travel centers, supermarkets, entertainment centers and military bases. Founded in 1950, Dunkin’ Donuts has more than 12,200 restaurants in 45 countries worldwide. Based in Canton, Mass., Dunkin’ Donuts is part of the Dunkin’ Brands Group Inc.
FORT WORTH, TEXAS — Transpacific Development Co. (TDC) has acquired a 713,000-square-foot, Class A distribution center currently under construction at 3000 Cantrell Sansom Road in Fort Worth. DHL Real Estate Solutions is developing the property, which is scheduled for an early August completion and is 80 percent preleased to anchor tenant Campbell Soup Supply Co. Nathan Lawrence, Ryan Keiser, Seth Kelly, Jon Sarkisian and Bill Wolf of CBRE represented Campbell Soup in its 578,000-square-foot lease at the center.
HOUSTON — AMD Global LLC and partner Medical Center Developments have purchased St. Joseph Medical In The Heights, a six-story, 192,077-square-foot hospital situated on 3.9 acres at 1917 Ashland St. in Houston. AMD plans to renovate the property to include a neonatal unit, pediatric offices, a full orthopedics center and a wound care center.
DESOTO, TEXAS — Tailored clothing manufacturer Trybus Group has opened its new 145,106-square-foot headquarters in the Dallas metro of DeSoto. The property features 7,783 square feet of office space and about 137,000 square feet of warehouse space. The warehouse includes 32-foot clear heights, 22 truck bays and more than eight miles of custom-designed railways. Bob Moore Construction served as general contractor on the project.
BRYAN, TEXAS — Marcus & Millichap has brokered the sale of Mid Town Center, an 18,412-square-foot retail center located at 3800 S. Texas Ave. in Bryan. Located approximately one mile from Texas A&M University, the property was 85 percent occupied at the time of sale. Michael Buckner and Richard Mireles of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Gus Lagos and Evan Altemus, also with Marcus & Millichap, procured the buyer, a private investor.
AUSTIN, TEXAS — Equitable Commercial Realty (ECR) has negotiated a 23,000-square-foot lease at the Offices at Wells Branch, a 41,000-square-foot flex property located at 13801 Burnet Road in Austin. Tom Pagel and Patrick Ley of ECR represented the landlord in the transaction. Brian Haas of KW North Austin Commercial represented the tenant, Responsive Education Solutions Inc., a charter school based in the Dallas area.
NEW YORK CITY — UC Funds and HAP Investment Developers have opened 329 Pleasant Avenue, an eight-story apartment building located in East Harlem. The 21,500-square-foot building features 20 apartments in a mix of studio, one- and two-bedroom layouts. On-site amenities include in-unit washers/dryers, a roof garden, private terraces and designer kitchens and bathrooms. Karim Rashid designed the building.
WESTCHESTER, N.Y. — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a $19.2 million bridge-to-HUD acquisition loan and $1.5 million line of credit for a skilled nursing facility in the New York City suburb of Westchester. A national lender provided the capital. The financing features a LIBOR-based rate, three-year term, interest-only payments for the full term and an 80 percent loan-to-cost ratio. Eli Kutner and Jonathan Kutner of Harborview negotiated the financing.
