NAPA, CALIF. — BevMo! Has opened a new location at 3325 Jefferson St. in Napa. The beverage retailer will occupy 7,567 square feet of the Staples building along the Trancas Boulevard. Matt Alexander of SRS Real Estate Partners represented BevMo! in the lease transaction.
GARDENA, CALIF. — AutoZone, an auto parts retailer, has signed a 10-year lease for 7,000 square feet of end-cap retail space on Crenshaw Boulevard in Gardena. The location is located within a 26,000-square-foot community shopping center. Geoff Grossman and Aaron Guido of Centers Business Management represented the undisclosed landlord in the transaction.
DALLAS — Dougherty Mortgage has secured a $1.5 million Fannie Mae supplemental loan for Bristol Square Apartments, a 341-unit apartment property located in Dallas. Bristol Square’s unit interiors include ceiling fans, oversized walk-in closets, exterior lockable storage units and washer and dryer connections. Sunrooms, patios and balconies are available in select units. Dougherty’s Minneapolis office arranged the 8.5-year loan for the borrower, McGuire Family Taraval Property LLC.
PLANO — The Vitorino Group has arranged the sale of Service King/Enterprise Rent-a-Car, a 26,375-square-foot net-leased property located in the Dallas suburb of Plano. The Vitorino Group represented the buyer and seller, both local Texas investors, in the transaction.
GARLAND, TEXAS — Marcus & Millichap has arranged the sale of Broadway Plaza, an 8,228-square-foot retail property located in Garland. Philip Levy of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a developer. Broadway Plaza is located at 6226 Broadway Blvd. The center is 83 percent leased, and all current leases are triple net. Tenants include T-Mobile, Dallas Gold & Silver, Sprint and AT&T. The building was constructed in 2011 and sits on 1.1 acres.
AUSTIN, TEXAS — The Austin City Council has voted in favor of removing a restrictive covenant on the historic Dabney-Horne home on the University of Texas West Campus. The property will be moved one-half mile from its current location at 507 W. 23rd St. to make room for a new student housing development. The proposed 175-foot tall project will provide 670 beds for students, of which 10 percent will be offered as affordable housing at 60 percent area median family income. Austin City Realty founder David Kanne owns the Dabney-Horne house, which was zoned historic in 1992, and uses it as his company’s headquarters. The home will be relocated to nearby 901 Shoal Cliff Court. Kanne plans to sell the site on 23rd Street to Johnson Trube & Associates, an Austin-based developer that plans to build the student housing property.
DALLAS — Bell Partners Inc. has acquired Avenue H, a recently completed, 208-unit apartment community located in the Knox-Henderson area of Dallas. The community has been renamed Bell Knox District and will be managed by Bell Partners. Completed in 2015, Bell Knox District is a Class A community and the first to be built in the last 10 years in the Knox/Highland Park neighborhood. The property is nearing the end of lease-up and is 82 percent occupied. The community is a six-story, podium-style building above two levels of structured parking. Floor plans consist of a mix of studios, one-bed/one-bath and two-bed/two-bath layouts. Property amenities include a clubhouse with a conference center and coffee bar, pool deck, fitness studio, outdoor barbeque area with grills, elevator access and covered parking.
FREDERICKSBURG, PA. — USAA Real Estate Co., in partnership with Trammell Crow Co., has completed the development of Lebanon Valley Distribution Center in Fredericksburg. The 874,126-square-foot warehouse/distribution building features a cross-dock design with 36-foot clear heights, ESFR sprinklers, 123 dock doors, two drive-in doors and parking for 219 cars and 202 trailers. Additionally, the property is expandable to up to 1 million square feet, 155 dock doors, 870 car parking spots and 247 trailer stalls with the potential of an additional 385 remote stalls. The project is the third project in the region completed by USAA RealCo and Trammell Crow.
BILLERICA, MASS. — The RAM Companies has acquired a Corporate Place, a 97,403-square-foot property located at 261 and 267 Boston Road in Billerica, for $8.1 million. Built in 1985 and 1986, the Class B multi-tenant asset comprises a 61,795-square-foot facility and a 35,608-square-foot building. The flex/R&D property is 85 percent occupied with a variety of tenants, including Lahey Health Primary Care, New England Rehabilitation Hospital and SI2 Technologies. The name of the seller was not released.
NEW YORK CITY — Equicap has arranged a $55 million permanent mortgage for a commercial property located in Manhattan’s Meatpacking district. The non-recourse five-year loan features a 2.63 percent fixed interest rate and is full-term interest-only. Developed in 2008, the 80,000-square-foot property is occupied by Arhaus, a furniture retailer, and a California-based tech company. Ricky Aryeh of Equicap originated the loan for the undisclosed borrower.