Property Type

Mid-America Brokers Sale of 130,000 SF Shopping Center in St. Cloud, Minnesota

by Kristin Harlow October 31, 2016

ST. CLOUD, MINN. — Mid-America Real Estate-Minnesota LLC has brokered the sale of Division Place, a 130,000-square-foot shopping center in St. Cloud. Division Place is located on the corner of Division Street West and 27th Avenue South. Tenants include TJ Maxx, Dollar Tree and Famous Footwear. Joe Girardi and Mark Robinson of Mid-America Real Estate Corp. were the exclusive brokers in the transaction on behalf of the seller, Vanbarton Group. An affiliate of Core Acquisitions LLC purchased the center, and hired Mid-America Real Estate-Minnesota as the exclusive leasing and management firm.

October 31, 2016

Kansas Midwest Restaurant Retail

Block & Co. Arranges Sale of 1.1-Acre Pad Site to Burger King at The Plaza at the Speedway in Kansas City

by Kristin Harlow October 31, 2016

KANSAS CITY, KAN. — Block & Co. Inc. has sold a 1.1-acre pad site at the Plaza at the Speedway development in Kansas City to Burger King. The pad site is located on the northwest quadrant of I-435 and Parallel Parkway in front of Sam’s Club and Kohl’s. The Plaza at the Speedway is an 850,000-square-foot retail shopping center located in the heart of a major tourism district. Other tenants include Walmart Supercenter, Taco Bell and Chick-fil-A. Anchor space, pad sites and small shop spaces are still available. Alex Block and David M. Block of Block & Company represented the seller, Plaza Speedway Development Inc., in the transaction.

October 31, 2016

Midwest Nebraska Retail

40,408 SF Burlington Store Coming to Eagle Run Shopping Center in Omaha

by Kristin Harlow October 31, 2016

OMAHA, NEB. — The Lerner Company has unveiled plans for Burlington Coat Factory to open its second store in Omaha at Eagle Run Shopping Center, located at 4004 N. 132nd St. The new store will occupy a portion of the former Kmart, which closed in December 2014. The new 40,408-square-foot store will open in spring 2017. The opening will bring approximately 50 to 100 new jobs to the Omaha community. Eagle Run Shopping Center is one of The Lerner Company’s joint venture entities.

October 31, 2016

Industrial Texas

ML Realty Partners Acquires Six-Building Industrial Portfolio in Irving

by Haisten Willis October 31, 2016

IRVING, TEXAS — ML Realty Partners has acquired a six-building, 303,687-square-foot industrial portfolio within Union Bower Business Park in Irving. Ranging in size from 30,970 to 64,672 square feet, the buildings are located near Loop 12, Highway 183 and I-35 providing access to Dallas/Fort Worth International Airport and the Dallas central business district. The portfolio includes: 200 Union Bower Court – 59,330 square feet 300 Union Bower Court – 54,000 square feet 400 Union Bower Court – 58,540 square feet 1001 N. Union Bower Road – 64,672 square feet 1101 N. Union Bower Road – 36,175 square feet 1125 N. Union Bower Road – 30,970 square feet

October 31, 2016

Office Texas

SVN Arranges Sale of Office Building in Dallas

by Haisten Willis October 31, 2016

DALLAS — SVN has arranged the sale of a four-story office building located at 8344 R.L. Thornton Freeway in Dallas. SVN’s Steve Fithian and Robin Francis-Baker represented both the buyer, 4D Circle LLC, and the seller, Ozinus Thornton LLC, in the transaction. The 50,075-square-foot property was built in 1984 and stands on 2.2 acres. The Class B property is more than 90 percent leased to tenants including Resource One, Lira Bravo Law, GAO Construction Services, Farmers Insurance, Reliable Life Insurance, Tillery & Associates, World Impact Dallas, Elim Health, Texas AFT, Staff Force and Dr. Pedro Zevallos.

October 31, 2016

tgs-cedar-port-industrial-park-baytown-texas

Industrial Texas

NAI Partners Negotiates Sale of 200 Acres in Baytown to Plastics Industry Company

by Haisten Willis October 31, 2016

BAYTOWN, TEXAS — NAI Partners has negotiated the sale of 200 acres in Baytown. TGS Cedar Port Partners sold the land to Ravago Americas, a distributor of plastic and rubber materials. The transaction represents the second major development in Phase II of TGS Cedar Port Industrial Park, a 750-acre tract with access to Highway 1405 and Highway 99. Phase I of TGS Cedar Port’s is fully contracted for development and Phase II is ready for development. The industrial park is located in Chambers County near Baytown, and includes 15,000 acres with heavy utilities and industrial and commercial transportation infrastructure. The park is barge and rail served by the Union Pacific and the BNSF Railroads. John Ferruzzo, John Simons and Joel Michael of NAI Partners represented the seller, TGS Cedar Port Partners, during negotiations. Gray Gilbert of CBRE represented Ravago Americas.

October 31, 2016

Industrial Texas

M&M Negotiates Sale of 37,350 SF Self-Storage Facility in Tulsa

by Haisten Willis October 31, 2016

TULSA, OKLA. — Marcus & Millichap has negotiated the sale of 38th Street Mini Storage, a 37,350-square-foot self-storage facility located in Tulsa. Trey Hammond and Michael Mele of Marcus & Millichap’s Tulsa office marketed the property on behalf of the seller, a limited liability company. Hammond and Mele also secured and represented the buyer, a private investor. 38th Street Mini Storage is located at 7711 E. 38th St. with visibility from Highways 64 and 51. The facility consists of 354 non-climate controlled units ranging from 50 to 400 square feet. The facility, initially constructed in 1960 with a solid concrete slab and metal framing, is secured by electronic gate access and recorded video surveillance.

October 31, 2016

New Jersey Northeast Office

Vision Real Estate, Rubenstein Partners Sells 185,000 SF Office Building in Hanover, New Jersey, for $95M

by Amy Works October 31, 2016

HANOVER, N.J. — Vision Real Estate Partners and Rubenstein Partners has completed the sale of the MetLife Investments Global Headquarters property located at 67 Whippany Road in Hanover. Salus Government Properties acquired the One MetLife Way property for $95 million. Part of the 194-acre Alcatel-Lucent Campus redevelopment, the 14-acre property features a 185,000-square-foot office building that was built to suit for MetLife under a lease agreement. Robert Donnelly, Rob Donnelly Jr., Marc Rosenberg, Andrew Merin, David Bernhaut, Gary Gabriel and Brian Whitmer of Cushman & Wakefield represented Vision and Rubenstein in the redevelopment and sale.

October 31, 2016

Hospitality New York Northeast

Gene Kaufman Architect Designs 176-Room Aloft Long Island City-Manhattan View in Long Island City

by Amy Works October 31, 2016

NEW YORK CITY — Developed by Nissim Seliktar and designed by Gene Kaufman Architect, Aloft Long Island City-Manhattan View is slated to open in November. Located at 27-45 Jackson Ave. in Long Island City, the 18-story, 74,000-square-foot hotel will feature 176 rooms. The hotel also features W XYZ bar; Re:mix lounge; Re:fuel, a healthy snack bar; Re:charge gym; 1,500 square feet of meeting space; a pool; and a 1,700-square-foot ground-floor terrace.

October 31, 2016

Industrial New Jersey Northeast

Colliers Facilitates 143,000 SF Industrial Lease in Elizabeth, New Jersey

by Amy Works October 31, 2016

ELIZABETH, N.J. — Colliers International has facilitated an industrial lease for Article in Elizabeth. The e-commerce furniture company will occupy 143,000 square feet of industrial space at 201 Bay Ave. Vancouver, Canada-based Article provides modern designer furniture direct to consumers at affordable prices. Mike Markey, Jon Tresser and Andrew Lord of Colliers represented the tenant, while Ernie Christoph and Charlie Reese served as in-house representation for the landlord, Hartz Mountain Industries, in the deal.

October 31, 2016

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