HOUSTON AND STAFFORD, TEXAS — Brennan Investment Group LLC has acquired a six-building industrial portfolio totaling 132,997 square feet in Houston and Stafford. The buildings are located at 8600 to 8850 Jameel Road in Houston, and 12705 S. Kirkwood Road in Stafford. The properties consist of office and warehouse space.
DALLAS — Bright Realty has brokered the lease for a new Wingstop in Dallas. The 1,781-square-foot restaurant will be located at the intersection of Preston Road and Frankford Road. Britton Lankford of Bright Realty represented the tenant in the transaction.
ATLANTA, GA. — Hillwood Investment Properties, through its U.S. Industrial Fund II, has acquired a 320,000-square-foot distribution park in Atlanta. The purchase price was not disclosed. Westridge Logistics Center is a Class A multi-tenant building located near the I-75/GA Highway 155 interchange. Westridge features concrete tilt wall construction, a minimum clear height of 24 feet, building depths of 180 to 210 feet, an ESFR sprinkler system, truck court depths of 120 feet, and T-5 lighting. Frank Fallon, Brian Budnick and Chris Riley of CBRE represented the seller in the transaction.
PASADENA, MD. — Sterling Organization has acquired a 319,518-square-foot retail center in Pasadena, approximately 15 miles south of Baltimore. Sterling Organization purchased Pasadena Crossroads in an off-market transaction from Pasadena Crossroads LLC for $31.6 million. The shopping center is anchored by Kmart, Shoppers Food & Pharmacy, Babies “R” Us, LA Fitness and Gardiner Wolf Furniture. The center is currently 100 percent occupied and was built in the 1970s. Pasadena Crossroads is located across the street from a new 120,000-square-foot Walmart, which is set to open this month.
COLUMBIA, S.C. — NAI Avant has arranged a 5,400-square-foot office lease in downtown Columbia. The Mariner Group has relocated its headquarters to the TD Bank Building located at 1501 Main St. Mariner is a provider of maritime situational awareness and response management solutions and services. Paul Hartley, Roger Winn and Paul Paschal of NAI Avant represented Mariner in the transaction.
NASHVILLE, TENN. — An affiliate of Berkshire Group has acquired a 153-unit apartment complex in Nashville. Artisan on 18th is a Class A community that was purchased for an undisclosed price. The complex is located in the Music Row neighborhood and is close to Vanderbilt University, the Medical District, the Tennessee State Museum, Bridgestone Arena and Honkey Tonk Row. The asset is a five-story, wood-frame building. Community amenities include two outdoor courtyards, grills, fire pits, a resident lounge, business center, television room, fitness center and bike storage. Stonehenge Real Estate Group developed and sold the property. Berkshire Communities will manage the property.
MIAMI, FLA. — Binswanger-Gateway has arranged a 20,600-square-foot office lease for Compass, a residential real estate brokerage firm. Compass will occupy the penthouse in the Art Deco building, located at 605 Lincoln Road in Miami Beach, for 10 years. The historic 72,000-square-foot building was constructed in 1936 by architect Robert E. Collins and was the former home of Sony Music. Pedro Garcia and Zach Binswanger of Binswanger-Gateway brokered the transaction. Lincoln Road Penthouse LLP is the landlord and was represented by Gordon Messinger of Cushman & Wakefield.
CHESTERFIELD, MO. — Rabo AgriFinance has signed a lease to occupy 62,500 square feet of office space at Delmar Gardens III in Chesterfield, Mo., once the building is completed in the summer of 2017. The five-story, 125,000-square-foot Class A office building is currently under construction along I-64/Highway 40 in the heart of St. Louis County. Delmar Gardens III is the first Class A, multitenant office building to be constructed in West St. Louis County since 2008. Rabo AgriFinance, a financial services provider for agricultural producers and agribusinesses, will relocate its headquarters from Creve Coeur Pointe to Delmar Gardens III. The building will include a fitness center, café and free covered garage parking. David Kelpe and Hassan Jadali of Cushman & Wakefield represented Delmar Gardens, the building owner, in the transaction. Kevin Bittmann of CBRE represented Rabo AgriFinance.
CENTERVILLE, OHIO — Marcus & Millichap has brokered the sale of a 19,722-square-foot retail property in Centerville, a southern suburb of Dayton, for $2.7 million. Cross Pointe IV is located at 199 E. Alex Bell Road and is fully occupied. Tenants include Firestone and AT&T. The property is an outparcel to a larger retail center that is anchored by Marshalls, Earth Fare, Petco and Bed Bath & Beyond. C.J. Jackson, Erin Patton, Scott Wiles and Craig Fuller of Marcus & Millichap represented the seller, a private investor. The team also secured and represented the buyer, an out-of-state private investor.
ROUND LAKE BEACH, ILL. — The Boulder Group has completed the sale of a retail building in Round Lake Beach, about 50 miles northwest of Chicago, for $2.1 million. The two-tenant, net leased building is located at 418-20 E. Rollins Road. Tenants at the retail property include Heartland Dental and AT&T, each of which has a 10-year lease. The buyer was a private partnership in a 1031 exchange, and the seller was a Midwest-based real estate development company. Randy Blankstein and Jimmy Goodman of The Boulder Group represented both undisclosed parties.