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.
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
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.
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.
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.
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.
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.
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.
HOLTSVILLE, N.Y. — Stalco Construction, as construction manager, has completed the expansion and renovation of H.O. Penn’s parts and service departments and retail area at the company’s 42,000-square-foot building, located at 660 Union Ave. in Holtsville. The scope of the 5,000-square-foot project included relocating the entrance of the retail and parts departments, updating the reception lobby, the demolition of preexisting offices and retail area and the installation of a new storefront-type entrance, retail section, customer support counter and a new office for the department manager. Additionally, the renovated sales floor features seven desks for sales staff and a private manager’s office. The project team included Rosebery Architectural Studio, The Maude Group, 2 Gang Electric and KK Signs.
MEMPHIS, TENN. — Elvis Presley Enterprises has opened a new $92 million, 450-room resort at Graceland, a tourist destination and home of Elvis Presley’s Graceland Mansion in Memphis. The project, known as The Guest House at Graceland, is the largest hotel project in Memphis in 90 years and is expected to create 200 jobs. The hotel will feature a 464-seat theater, outdoor pool, conference rooms, outdoor meeting space known as The Lawn at The Guest House and an 11,000-square-foot ballroom. Dining options at the resort include Delta’s Kitchen, E.P.’s Bar & Grill, The Lobby Bar and the Shake, Rattle & Go coffee bar. The resort is the first phase of Graceland’s expansion, which also includes the addition of a 200,000-square-foot entertainment complex known as Elvis: Past, Present & Future, set to open in March 2017. The resort’s development team includes construction manager DreamCatcher Hotels and architect Hnedak Bobo Group. Boston-based Pyramind Hotel Group manages The Guest House at Graceland on behalf of Elvis Presley Enterprises, a corporate entity founded by The Elvis Presley Trust.