AUSTIN, TEXAS — Marcus & Millichap has arranged the sale of Spanish Village Apartments, a 13-unit property located at 2210 Enfield Road in the Tarrytown neighborhood of Austin. Built in two phases in 1940 and 1960, the property consists of 12 two-bedroom units and one one-bedroom unit. Josh Kantor and Mike Moffitt, Jr. of Marcus & Millichap represented the seller, an undisclosed individual. The buyer’s name and representative were not disclosed.
FORT WORTH, TEXAS — The Vitorino Group has completed the sale of Magnolia Park Center, a 13,626-square-foot retail property located at 5408 Basswood Blvd. in Fort Worth. The center was 88 percent occupied at the time of sale. Bryce Gissler and Anthony Pucciarello of the Vitorino Group represented the buyer in the transaction, and Jason Vitorino, also with the Vitorino Group, represented the seller. Both parties are undisclosed private investors.
PEARLAND, TEXAS — JLL has arranged financing for the construction of a new, 91,590-square-foot self-storage development in Pearland, a southern suburb of Houston. The five-year, non-recourse, floating-rate loan for the 726-unit facility, located at the intersection of Broadway and Kirby drives, was secured on behalf of SurePoint Self Storage. Griffin Guthneck of JLL led the effort for the financing, which originated from an undisclosed regional bank.
HOUSTON AND MIDLAND, TEXAS — Baker Katz and Venture Commercial Real Estate, member brokerage firms of X Team International, have secured two new leases for Northern Tool + Equipment, a Minnesota-based hardware supplier, in Houston and Midland. The Houston lease is for 18,000 square feet at Willowchase Shopping Center, located at 12944 Willow Chase Drive, and the Midland lease is also for 18,000 square feet at NEQ IH-20 and Loop 250. Clay Mote of Venture Commercial and Jason Baker of Baker Katz represented Northern Tool + Equipment in the two deals.
SOUTH BEND, IND. — Dougherty Mortgage LLC has arranged a $6.3 million Fannie Mae loan for the refinancing of Legacy Village at Notre Dame. The 14-unit student housing property is located in South Bend. The 12-year loan features a 30-year amortization schedule and was arranged through a partnership with Old Capital Lending. RWD Campus Developments LLC was the borrower.
MOUNT PROSPECT, ILL. — Entre Commercial Realty LLC has brokered the sale of a 30,745-square-foot office building in Mount Prospect, about 22 miles northwest of Chicago. The sales price was not disclosed. Nicholas & Associates, a construction management company based in Mount Prospect, acquired the building along with 5.2 acres of land. The property is located at 1401 Feehanville Drive within Mount Prospect’s Kensington Business Center. Dan Benassi and Mike DeSerto of Entre Commercial represented the buyer in the transaction. Michael Magliano of Cushman & Wakefield represented the undisclosed seller.
JEFFERSON CITY, MO. — Party City Corp. has signed an 11,585-square-foot retail lease in Jefferson City in central Missouri. Party City will occupy the space at Capital Mall, located at 3600 Country Club Drive. Scott Bitney of L3 Corp. represented the landlord, Capital Mall JC1 LLC, in the lease transaction.
BUTLER, WIS. — The Dickman Co. Inc./CORFAC International has negotiated the sale of a 6,000-square-foot industrial building in Butler, about 15 miles northwest of Milwaukee. The building is located at 5127 N. 125th St. Paul Pestka purchased the building from Richard Sommerfelt. TJ Huenerbein, Samuel M. Dickman Jr. and Samuel D. Dickman of the Dickman Co. brokered the transaction.
CARO, MICH. — AT&T has signed a 3,991-square-foot retail lease on State Street in Caro, about 45 miles north of Flint. AT&T will relocate from its current location on the south side of town and will join Rite Aid at the two-tenant center. Vicki Gutowski, Michael Murphy and Larry Siedell of Gerdom Realty & Investment represented Rite Aid in the sublease.
TALLAPOOSA, GA. — Honda has invested $100 million for a new assembly line and modifications for production of the auto industry’s first 10-speed automatic transmission for front-wheel-drive vehicles at Honda Precision Parts of Georgia LLC (HPPG) in Tallapoosa, roughly 57 miles west of Atlanta near the Georgia-Alabama border. The amount adds to the more than $3 billion that Honda has invested in its U.S. plants over the past four years. Developed by Honda R&D, the new transmission will appear first in upper grades of the 2018 Honda Odyssey minivan, launching this spring, and will be applied to other light-truck and car models for Honda and Acura in the future. HPPG was established in 2006 and annually produces more than 375,000 transmissions for Honda and Acura automobiles.
