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ArizonaRetailWestern

PGA TOUR Superstore Plans New Experiential Store in Glendale

by Nellie Day

GLENDALE, ARIZ. — Golf equipment and apparel retailer PGA TOUR Superstore recently acquired a Sports Authority location in Glendale, with plans to open a store in the building by January 2017. Glendale represents the company’s fifth Arizona location, joining Chandler, North Scottsdale, Scottsdale and Tucson. Each store is staffed with PGA of America teaching professionals and houses up to 14 state-of-the-art swing simulators and hitting bays, putting green, and in-house club making and repair facility. Golf & Tennis Pro Shop Inc., a subsidiary of AMB Group LLC, operates all PGA TOUR Superstores. The company is headquartered in Roswell, Ga.

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hudson-lights-fort-lee-nj
Mixed-UseMultifamilyNew JerseyNortheastRestaurantRetail

Tucker Development Opens 1M SF Hudson Lights in Fort Lee, New Jersey

by Amy Works

FORT LEE, N.J. — Tucker Development, in partnership with Kushner Real Estate Group and a fund managed by Ares Management, has opened the first phase of residential apartments and a portion of the retail component at the 1 million-square-foot Hudson Lights project in downtown Fort Lee. Situated at the base of the George Washington Bridge, the 276-unit residential property features a pool, lounge, fitness center, yoga room, kids play area and rooftop terrace and gardens. The developer has also opened an eight-screen, 533-seat iPic movie theater at the project. The theater includes City Perch Kitchen & Bar, an in-theater restaurant that allows guests to order food and drinks from a personal server. Additional signed tenants include Paris Baguette, Gaonnuri Restaurant, Anthony Franco’s Pizza, 16 Handles, CVS/pharmacy, Capital One Bank, CycleBar, SeeSaw, Linwood Wines, European Wax Center, Tutti Nails & Spa and Coldwell Banker.

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100-plaza-drive-secaucus-nj
New JerseyNortheastOffice

Harbor Group Completes $62M Sale of 264,973 SF Office Building in Secaucus, New Jersey

by Amy Works

SECAUCUS, N.J. — Harbor Group International has completed the sale of an office building located at 100 Plaza Drive in Secaucus. Howard Hershkovich, a private investor from Brooklyn, purchased the property as part of a 1031 exchange for $62 million. The four-story 264,973-square-foot office building is fully leased to a variety of tenants, including NBA Entertainment and Scholastic. Jeffrey Dunne, Kevin Welsh and Brian Schulz of CBRE Institutional Properties represented the seller in the deal.

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750-e-main-st-stamford-ct
ConnecticutNortheastOffice

Colliers Facilitates Sale of 103,367 SF Office Building in Stamford, Connecticut

by Amy Works

STAMFORD, CONN. — Colliers International has brokered the sale of an office building located at 750 E. Main St. in Stamford. Darien, Conn.-based Forstone Capital acquired the 103,367-square-foot office property for an undisclosed sum in an off-market transaction. The 10-story building features six floors of office space and four levels of structured parking. On-site amenities include food services, a fitness center, conference facility and security. Al Gutierrez, Enzennio Mallozzi and Cynthia Foster of Colliers represented the undisclosed seller and procured the buyer in the transaction.

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lennox-apts-philadelphia
LoansMultifamilyNortheastPennsylvania

HFF Negotiates $12.7M Sale, $9.5M Loan for Apartment Property in Philadelphia

by Amy Works

PHILADELPHIA — HFF has arranged the sale of Lennox Apartments, a mid-rise apartment building located at 232-242 W. Walnut Lane in Philadelphia’s Mount Airy neighborhood. Premier Properties sold the 156-unit property to a New York-based private group for $12.7 million. At the time of sale, the studio, one-, and two-bedroom property was 94 percent leased. Carl Fieberg and Mark Thomson of HFF represented the seller in the deal. Additionally, James Conley of HFF secured $9.5 million in acquisition financing for the buyer, which purchased the property free and clear of existing debt.

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IndustrialMassachusettsNortheast

Sentry Commercial Arranges 127,091 SF Warehouse Lease in West Springfield, Massachusetts

by Amy Works

WEST SPRINGFIELD, MASS. — Sentry Commercial has brokered the lease of an industrial facility located at 26 Sears Way in West Springfield. Global décor printing and impregnator company Suddekor LLC leased the 127,091-square-foot warehouse facility from Remeche LLC. Sentry Commercial represented the tenant, while the landlord was represented self-represented in the deal.

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1400-valwood-parkway-carrollton-texas
OfficeTexas

Bradford Commercial Negotiates 63,055 SF Office Lease in Carrollton

by Haisten Willis

CARROLLTON, TEXAS — Bradford Commercial Real Estate has negotiated a 63,055-square-foot office lease in Carrollton. In a relocation and expansion of its headquarters, Revolution Retail Systems LLC has backfilled 63,055 square feet of a 99,524-square-foot office/warehouse space in Valwood Industrial Park. The property, known as Valwood 33, is located at 1400 Valwood Parkway and includes 40,000 square feet of built-out office space. Bradford’s Brian Pafford and Jason Miller represented the landlord, RCI Valwood LLC, in the transaction. Revolution Retail has expanded by 53,699 square feet with its relocation from 1400 Hutton Drive, which is located at the rear of its new headquarters office and distribution center. Bob Luttrell of Jackson Cooksey Inc. represented the tenant, which designs and builds hardware and software cash-management solutions.

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super-8-austin-airport-south
HospitalityTexas

M&M Arranges Sale of Super 8 Austin Airport South Hotel

by Haisten Willis

AUSTIN, TEXAS — Marcus & Millichap has arranged the sale of Super 8 Austin Airport South, a 37-room hotel located at 3120 Montopolis Drive in Austin. Allan Miller and Chris Gomes of Marcus & Millichap’s San Antonio and Dallas offices marketed the property on behalf of the seller, a partnership. Miller also secured the buyers, a limited liability company and private investor from New York. Michael Laurencelle and Tom Laurencelle of Marcus & Millichap Capital Corp.’s Austin office originated acquisition financing on behalf of the buyer.

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RetailTexas

Van Marcke Trade Supply to Open Two Locations in Fort Worth

by Haisten Willis

FORT WORTH, TEXAS — Charlie Otte of Rubicon Representation represented Van Marcke Trade Supply in the lease of two retail stores in Fort Worth. On Dec. 1, the company will move into 5,000 square feet at Westside Marketplace located at 9124 Camp Bowie West Blvd. . Jeff Marek of Vision Commercial Real Estate represented the landlord, TIC Westside Holdings LLC, in the lease transaction. On Jan. 1, Van Marcke Trade Supply will move into a 5,000-square-foot space at 5203 McCart Ave., just off I-20. Ann Ngo of Quine & Associates represented the landlord, Sweet Talking LLC, in the lease. Van Marcke Trade Supply is looking to open 16 new stores in the Dallas-Fort Worth Metroplex.

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1022-west-mitchell-street-arlington-texas
HospitalityOfficeTexas

Goodstar JV Sells Medical Office Building in Arlington

by Haisten Willis

ARLINGTON, TEXAS — Goodstar JV has sold a two-suite medical office building in central Arlington to a private investor. The 4,800-square-foot building is located on nearly a half acre at 1022 W. Mitchell St., just west of the University of Texas at Arlington. Wayne Burgdorf of Coldwell Banker Commercial Advisors DFW represented Goodstar JV, an entity owned by a group of retired dentists. Dr. Chia-Ming Lee, a dentist, occupies the smaller of the two suites. The larger space, totaling 2,700 square feet, is vacant and will be retooled to become general office space. The single-story building, developed in 1974, features 30 parking spaces. David Keal of Aubrey Keal Commercial Real Estate represented the local buyer.

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