LOS ANGELES — Harrison Street Real Estate Capital has purchased a 15-property self-storage portfolio for an undisclosed sum. The facilities are situated throughout California, Arizona, Colorado and Minnesota. The Trojan Self Storage Portfolio contains a total of 1.4 million square feet and 19,000 units. CBRE’s Nicholas Walker and his team represented both the buyer and seller, Trojan Storage, in this transaction.
REDMOND, WASH. — Emerald Communities, a nonprofit seniors housing operator, has announced plans to add a new neighborhood named The Courtyard to its Emerald Heights continuing care retirement community in the Seattle suburb of Redmond. The Courtyard will feature a three-level, 69,998-square-foot building atop a 34,107-square-foot parking structure. It will add 42 new units to the community, surrounding a pedestrian plaza that connects to the property’s existing nature trail. Construction of The Courtyard is expected to begin in mid-2018. Emerald Heights, which sits on 38 acres in the Education Hill neighborhood of Redmond, was most recently expanded in 2014.
PLANO, TEXAS — NE Development will break ground tomorrow on LVL 29, a 29-story high-rise apartment tower located within the Legacy West development in the Dallas-Fort Worth metro of Plano. The property’s units will range from 600 to 3,800 square feet, and its amenities will include a seven-story parking deck, 24-hour fitness center, a pool and tanning deck and a lounge veranda. NE Development expects to deliver LVL 29, which was designed by Dallas-based Humphreys & Partners Architects LP, in May 2019.
SAN DIEGO — Coldwell Banker Commercial SC (CBC-SC ) has completed its expansion into a 4,000-square-foot space at the newly revamped Executive Square Plaza in the University Towne Center (UTC) area of San Diego. CBC-SC’s president, Brandon Sudweeks, says this expansion is part of the firm’s larger strategy within the San Diego region. The firm has grown from three agents just a few years ago to more than 30 agents in three offices. CBC-SC plans to add a few more agents to its newly expanded UTC office.
FORT WORTH, TEXAS — KWA Construction has completed construction of HIGHPOINT Urban Living, a 400,000-square-foot, 227-unit apartment complex on the site of the former Coca-Cola bottling plant at 650 S. Main St. in Fort Worth’s Medical District. The property features a bike rental station, resort-style pool, cabanas and a fire pit, with one-bedroom units averaging 631 square feet and two-bedroom units averaging 1,257 square feet.
KERRVILLE, TEXAS — Marcus & Millichap has brokered the sale of A-B-C Self Storage, a 40,860-square-foot self-storage facility in Kerrville, a city approximately 65 miles northwest of San Antonio. Situated on 2.2 acres at 1201 Bandera Highway, the property comprises 269 units within 40,700 square feet of net rentable space. Jon Danklefs of Marcus & Millichap represented the seller, a limited liability company. Butch Lagred and Chad Knibbe, also with Marcus & Millichap, represented the buyer, a private investor.
PASADENA, CALIF. — Dog Haus, a Pasadena-based gourmet hot dog, sausage and burger concept, has signed a development agreement with American Development Partners. The agreement includes the construction of over 300 new Dog Haus franchise locations in 12 states over the next seven years. The new locations will be built on land primarily purchased for built-to-suit and standalone Dog Haus Biergarten concepts, and will be operated by franchisees with multi-unit and multi-brand experience. The deal has a projected real estate, construction and design investment value of over $500 million. Dog Haus currently has 21 stores open in five states (Arizona, California, Colorado, Nevada and Utah), which will now grow to 19 states across the country with stores set to open in Alabama, Florida, Georgia, Illinois, Kentucky, Louisiana, Maryland, Michigan, Ohio, New York, Pennsylvania, Texas, Tennessee and Wyoming. American Development Partners’ primary role will be to aid in the development of new locations, and facilitate the acquisition of land and oversee construction of this deal’s new franchise locations.
HOUSTON — Lee & Associates has negotiated a 6,000-square-foot industrial lease at 475 W. 38th St. in Houston on behalf of L&M Installation Solutions, a provider of office furniture and moving services. Preston Yaggi of Lee & Associates represented the tenant in the transaction. Beau Kaleel of Cushman & Wakefield represented the landlord, Prologis Inc.
HENDERSON, TEXAS — Inroads Realty, a Dallas-based brokerage firm, has arranged the sale of a 39,797-square-foot retail property previously leased to Brookshire’s Grocery Store in Henderson, a city roughly two hours east of Dallas. Thad Beckner of Inroads represented the buyer, Brandywine Financial, a Pennsylvania-based real estate investment and management firm, in the transaction
SANTA BARBARA, CALIF. — Integral Senior Living (ISL), a seniors housing operator, has been chosen to manage The Oak Cottage of Santa Barbara, a memory care community in Santa Barbara. This will be the California-based operator’s first community in Santa Barbara.