HOUSTON — Gracie Barra Heights, a Brazilian Jiu-Jitsu association with over 500 schools on six continents, has leased 22,500 square feet of retail space at 4721 N. Main St. in Houston from Braun Enterprises. Josh Friedlander of NewQuest Properties represented the tenant. John Delarosa of Vanguard Commercial Group represented the landlord.
LOS ANGELES — Blueprint Healthcare Real Estate Advisors has arranged the sale of Keiro Senior HealthCare, a four-property, 642-unit seniors housing portfolio in Los Angeles. Pacifica Cos., a private investment firm based in San Diego, bought the portfolio from Keiro, a nonprofit owner/operator, for $41 million in an all-cash transaction. The Keiro portfolio consists of two skilled nursing facilities totaling 398 beds, a 90-bed intermediate care facility and a 154-unit independent living facility. In addition to the healthcare properties, the portfolio includes a 23,000-square-foot administrative building as well as a 6,000-square-foot auditorium and recreation center on the primary campus. The Keiro properties target the Japanese-American seniors demographic in Southern California. Pacifica will lease the two skilled nursing facilities to Aspen Healthcare. Christopher Hyldahl led the Blueprint team on the transaction.
LAKEWOOD, COLO. — Kensington Real Estate Group has sold Fairfield Commons, a 144,000-square-foot shopping center located in Lakewood, to an affiliate of Phillips Edison Group for $34.3 million. A newly developed Sprouts Farmer’s Market anchors the center. Other tenants include Planet Fitness, T.J. Maxx, Chili’s Bar & Grill, Black-eyed Pea, Starbucks Coffee, Rue 21, Red Wing Shoes and Citi Financial.
CULVER CITY, CALIF. — Niki Properties has completed the disposition of a single-tenant, 32,873-square-foot retail building located at 5660 W. Sepulveda Blvd. in Culver City. An undisclosed buyer acquired the property for $23.5 million. Situated on 2.6 acres, the property is triple-net leased to Sprouts Farmers Market through 2025. Gleb Lvovich, Nick Foster, CJ Osbrink and Bryan Ley of HFF represented the seller in the transaction.
PLAYA VISTA, CALIF. — CBRE Group has arranged a 20,682-square-foot lease for clothing retailer Fred Segal in Playa Vista. Located at 12751 W. Millennium with the Runway Playa Vista project, the new flagship store will join Whole Foods Market, Studio MDR and Yogaworks at the mixed-use development. Runaway Playa Vista includes 217,000 square feet of retail space, 33,000 square feet of office space and 420 apartments. Zachary Card of CBRE represented the landlord, while Jay Luchs of Newman Grubb Knight Frank represented the tenant in the transaction.
BOSTON — CBRE/New England has secured a $28.1 million loan for the the construction of a luxury condominium development in South Boston. The borrower, CPC Cornerstone Development, is developing the 49-unit property that will feature a 6,000-square-foot restaurant space. Located at 14 W. Broadway, the building will feature large floor plans, garage parking for all units, top-of-the-line finishes, a roof deck, 24-hour concierge, valet garage parking and a fitness center. The property will also feature six affordable units per Boston Redevelopment Authority Inclusionary Development Policy. John Kelly and Sam Dylag of CBRE/NE arranged financing for the borrower. Additionally, CBRE arranged $8 million in equity on behalf of the sponsor.
NEW YORK CITY — Cushman & Wakefield has arranged the sale of a mixed-use property located at 1623 Kings Highway in Brooklyn’s Gravesend neighborhood. The 21,960-square-foot property sold for $17 million in an all-cash transaction. The four-story building is fully occupied by Verizon Wireless, Tiger Schulman’s and Interborough Consulting. Bob Knakal, Alex Svetlakou and Jonathan Hageman of Cushman & Wakefield represented the undisclosed seller, while Chaim Cahane of Forte Capital Management represented the undisclosed buyer in the transaction.
BINGHAMTON, N.Y. — Houlihan-Parnes Realtors has arranged the sale of a 13-property multifamily portfolio in Binghamton. The 113-unit asset sold for an undisclosed price. The properties are located at 97 Oak St.; 12 Grand Blvd.; 89, 93, 95, 126, 128, 157 and 162-164 Chapin St.; and 99, 101 and 103 Murray St. Ed Graf of Houlihan-Parnes brokered the transaction. The names of the seller and buyer were not released.
TRENTON, N.J. — Marcus & Millichap has brokered the sale of a two-building retail property located at 802-804 Prospect St. in Trenton. The 19,500-square-foot asset, which is occupied by Dollar General and Millhill Center, sold for $2.7 million. David Cafiero, Alan Cafiero and Ben Sgambati of Marcus & MIllichap represented the seller, a developer, and the undisclosed buyer in the transaction.
NEW ORLEANS — O’Connor Capital Partners, a New York-based real estate investment and management firm, has acquired The Shops at Canal Place, a 260,000-square-foot shopping center located at the foot of Canal Street and the Mississippi River in New Orleans. O’Connor Capital purchased the property from an affiliate of two New Orleans-based companies, The Berger Co. and Ogden Development, for an undisclosed price. The Shops at Canal Place was 96 percent leased at the time of sale to tenants such as Saks Fifth Avenue, Tiffany’s, Armani Collezioni, L’Occitane, Michael Kors, lululemon athletica, Anthropologie, Brooks Brothers, J. Crew and Banana Republic. The shopping center also features the nine-screen Theatres at Canal Place, Chef Adolfo Garcia’s Gusto Cafe and Bar and a 1,600-space parking garage, which the seller will retain. Peter Bergner and Kate Gilbert of O’Connor Capital Partners’ Palm Beach office will be responsible for leasing the property.