Property Type

CLG, Cayton Capital Open $30M R3 Apartments in Marina del Rey

by Nellie Day March 9, 2017

LOS ANGELES — A joint venture between California Landmark Group and Cayton Capital have completed construction of R3, a 67-unit apartment community in the Los Angeles submarket of Marina del Rey. The $30 million community is located at 4091 Redwood Ave. in the Arts District. R3 features a mix of one- and two-bedroom floor plans ranging from 685 square feet to 1,655 square feet. Amenities include a rooftop pool and lounge, fitness center and a Zen yoga garden with complimentary yoga sessions by a certified instructor.

March 9, 2017

California Industrial Western

Sares Regis to Build Nine Industrial Buildings in Thousand Oaks

by Nellie Day March 9, 2017

LOS ANGELES — Sares Regis Group (SRG) has broken ground on nine industrial buildings in the Los Angeles submarket of Thousand Oaks. The buildings will contain a total of 507,878 square feet. The facilities are being built to LEED specifications on the remaining 29 acres in the Conejo Spectrum business park in Conejo Valley. They are scheduled for completion in the fourth quarter. John DeGrinis, Patrick DuRoss and Jeff Abraham of Colliers International represented SRG.

March 9, 2017

Arizona Office Western

Lincoln Property Buys 104,618 SF Office Building in Phoenix for $24.6M

by Nellie Day March 9, 2017

PHOENIX — Lincoln Property Co. (LPC) has purchased a 104,618-square-foot office building in Phoenix for $24.6 million. The Class A building is located at 2777 E. Camelback Road in the Camelback Corridor. LPC plans to reposition the asset with lobby and common area renovations, an indoor tenant lounge and conference facility, a new outdoor lounge area, improved signage, and upgraded landscape and hardscape. Notable tenants at the property include UMB Bank, WFG National Title, The Lavidge Company, Hill International and Avison Young. Chris Toci of Cushman & Wakefield executed the sale. JLL’s John Bonnell and Chris Latvaaho serve as the building’s exclusive leasing brokers.

March 9, 2017

California Industrial Western

Sean Pathiratne Acquires 256,000 SF Industrial Facility in Stockton for $18M

by Nellie Day March 9, 2017

STOCKTON, CALIF. — Sean Pathiratne, owner of Buzz Oates’ subsidiary CVICH Stockton LLC, has purchased a 256,671-square-foot industrial building in Stockton for $18 million. The building is located at 2845 Boeing Way. The facility is situated near BNSF & Union Pacific Railroad Intermodal facilities. The building joins two other properties owned by Pathiratne, which are used for warehousing and distribution. Greig Lagomarsino and Michael Goldstein of Colliers International executed the transaction.

March 9, 2017

California Industrial Western

CenterPoint Properties Plans 404,600 SF Industrial Development in Manteca

by Nellie Day March 9, 2017

MANTECA, CALIF. — CenterPoint Properties plans to develop a 404,600-square-foot industrial facility at CenterPoint Intermodal Center in Manteca, just south of Stockton. The build-to-suit project will be situated on 25 acres adjacent to the domestic Union Pacific Intermodal. CenterPoint is building the facility for 5.11 Tactical, a brand of tactical apparel and gear.

March 9, 2017

Mixed-Use Texas

Metropolitan Capital Advisors Secures $25.9M Loan for Mixed-Use Property in Lewisville

by Taylor Williams March 9, 2017

LEWISVILLE, TEXAS — Metropolitan Capital Advisors Ltd. has arranged a $25.9 million in first mortgage financing for Phase III of Hebron 121 Station Apartments, a Class A, mixed-use property in Lewisville. Upon completion, the development will consist of 1,825 apartments and 125,000 square feet of office, retail, restaurant and medical space. Roger Wyche of Metropolitan Capital Advisors placed the three-year, floating-rate loan with a single one-year extension option and a 12-month lockout period.

March 9, 2017

Industrial Texas

Stream Realty Partners Announces 152,000 SF Business and Industrial Development in Frisco

by Taylor Williams March 9, 2017

FRISCO, TEXAS — Stream Realty Partners has announced plans for a new, 152,00-square-foot development in Frisco Park 25, a 216-acre, master-planned business and industrial park located at Preston Road at Rockhill Parkway in Frisco. PowerSecure Lighting, a manufacturer of LED lighting products, will anchor the Class A development with a 76,000-square-foot lease. Cannon Green and Bob Hagewood of Stream will oversee leasing of the project, which is slated to launch in 2018.

March 9, 2017

Retail Texas

Vitorino Group Arranges Sale of Retail Center in Carrollton, Texas

by Taylor Williams March 9, 2017

CARROLLTON, TEXAS — The Vitorino Group has closed the sale of Hebron Parkway Shopping Center, a 17,836-square-foot strip retail center in Carrollton, a northern suburb of Dallas. Bryce Gissler of Vitorino Group listed the property on behalf of the seller, an undisclosed private investor. The name and representative of the buyer, also a private investor, were not disclosed. The property was 100 percent leased at the time of sale.

March 9, 2017

Mixed-Use Texas

Colliers Closes Sale of Flex Property in West Houston

by Taylor Williams March 9, 2017

HOUSTON — Colliers International Group Inc. has closed the sale of 5722 Fairdale, a 5,000-square-foot, freestanding flex building in the Woodlake/Briar Meadow neighborhood in west Houston. Jason Scholtz of Colliers represented the seller, Birmingham Rail & Locomotive Co. Inc. The name and representative of the buyer, a private investor, were not released.

March 9, 2017

Office Texas

EDGE Realty Brokers Sale of Office Asset in Plano

by Taylor Williams March 9, 2017

PLANO, TEXAS — EDGE Realty Capital Markets has arranged the sale of 5212 Village Creek, a 7,979-square-foot office property located at the corner of Preston Road and President George Bush Turnpike in Plano. Brandon Crow of EDGE represented the undisclosed seller in the transaction, and Matt Fulgham represented the buyer, Wynmark Commercial, a brokerage firm specializing in healthcare and medical office properties.

March 9, 2017

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