HIGHLAND, CALIF. — Progressive Real Estate Partners has arranged the sale of a 3,541-square-foot Burger King in Highland for $2 million. A Pasadena-based private investor purchased the building. Frank Vora of Progressive represented the seller, also a private investor, in the transaction.
SAN DIEGO — Dolce Pane e Vino will open a 5,126-square-foot location at The Village at Pacific Highlands Ranch, a 160,000-square-foot mixed-use development located in the North County Carmel Valley area of San Diego. The restaurant is expected to open in November. Randee Stratton of Newmark Grubb Knight Frank completed the lease on behalf of Dolce Pane e Vino. CBRE represented the owner, PHR Village LLC.
CANOGA PARK, CALIF. — Westfield Corp. has announced the tenant roster for The Village at Westfield Topanga, which is slated to open this fall. • Anchors: Costco, REI, Crate & Barrel, 24 Hour Fitness, Burke Williams • Restaurants: Cava Grill, EMC Seafood & Raw Bar, Eureka! Gourmet Burgers & Craft Beer, Il Fornaio, Jimmy’s Famous American Tavern, JOEY Topanga, Larsen’s Steakhouse, Le Pain Quotidien, Lucille’s Smokehouse BBQ, Panera Bread, Pieology Pizzeria, Sushi Katsu-Ya, Tender Greens, Veggie Grill, Wokcano, XOC Mex Cuisine • Eateries: Barista Society, Coffee Bean & Tea Leaf, ConfeXion, DAVIDsTEA, Go Green Yogurt, Peet’s Coffee, Pressed Juicery, The Slaw Dogs, Sloan’s, Splash Fruits, SusieCakes, Yogurtland • Health & Fitness: Shall We Dance Studio, YogaWorks • Beauty & Wellness: 18/8 Fine Men’s Salon, Adore Organic Innovation, Blushington, Drybar, Juan Juan Salon, Nail Garden, Planet Beauty, Rain, Skin Laundry, Sugar Nails • Home: Bassett Furniture, Jonathan Adler, Sur La Table, Z Gallerie • Jewelry & Accessories: Dejaun Jewelers, Manya Jewelers, Sunglass Hut • Apparel: Athleta, Eddie Bauer, Everything But Water, Fabletics, J.D. Luxe, J. Jill, M. Fredric, Varga • Electronics: T-Mobile, Verizon, Video & Audio Center • Financial: Charles Schwab, Financial Partners Credit Union, Wells Fargo • Specialty Retailers: Andrei …
RICHARDSON, TEXAS — Buchanan Street Partners, a real estate investment management firm, has acquired Richardson Office Center I & II, a 238,301-square-foot office campus located in Richardson. Buchanan Street acquired the property in partnership with CarVal Investors from Principal Real Estate Investors for an undisclosed amount. This is Buchanan Street’s second purchase in the greater Dallas area this year. Richardson Office Center is located at 3001 & 3101 E. President George Bush Highway and is 90 percent leased to tenants including Boeing, Genpact and Avnet. Buchanan Street plans to complete renovations to the two-building campus, including painting the exterior of the buildings and updating the lobby. Gary Carr and Robert Hill of CBRE represented the seller in the transaction, and Buchanan Street was self-represented.
ARLINGTON, TEXAS — Trammell Crow Co. has been appointed by the city of Arlington to serve as the master developer of an 18-acre site located at I-30 and North Collins Street near the Dallas Cowboys’ AT&T Stadium. The site is known as Stadium View and has the ability to accommodate up to 1 million square feet of Class A office space. Trammell Crow has appointed CBRE to market the site.
WAXAHACHIE, TEXAS — California-based KD Real Property Investments LLC has acquired a 72-unit, Class A apartment complex in Ellis County from a north Texas investor in an off-market transaction. Arlington-based Mercury Metroplex Real Estate IV LLC was the seller. Sam Pettigrew III of Dallas-based Cantrell Co. & Partners was the deal’s sole broker. The complex is known as Bella Vita Apartments and was 99 percent occupied at the time of sale. The seven-building, gated complex at 380 Solon Road was a purpose-built project for residents aged 55 and over. Units at Bella Vita range from 840 square feet to 1,075 square feet and include either one or two bedrooms. Amenities include a walking trail, club room, business center, library, fitness center and pool.
COLLEGE STATION, TEXAS — VistaPointe Partners has secured a $29.6 million construction loan for a student housing development in College Station. VistaPointe Partners secured the financing on behalf of the project’s developer, Holleman-College Station LP. Located at the southwest corner of Harvey Mitchell South/State Highway 2818 and Holleman Drive, the 432-unit development is 1.9 miles from the Texas A&M University campus and will include 792 beds. Construction has commenced and the project is slated to open in August 2016.
SAN ANTONIO — Marcus & Millichap has arranged the sale of Blue Llama Storage Alamo Ranch, a 77,950-square-foot self-storage facility located in San Antonio. Chico LeClaire of Marcus & Millichap’s Denver office, along with Dave Knobler of the firm’s Houston office, marketed the property on behalf of the seller, a limited liability company. Knobler and LeClaire also secured the buyer, a limited liability company. Blue Llama Storage Alamo Ranch is located at 6826 Alamo Parkway.
ATLANTA — Durham, N.C.-based The Dilweg Cos. has purchased Centennial Tower, a 652,092-square-foot office tower located at 101 Marietta St. in downtown Atlanta. Dilweg bought the 36-story, Class A office tower from Jackson Corporate Real Estate for $69 million, according to the Triangle Business Journal. Built in 1975 and renovated in 1998, the property was 75 percent leased at the time of sale to tenants such as Turner Broadcasting, Peer 1 Hosting, Oracle and the Atlanta Hawks. Dilweg plans to invest more than $7 million to upgrade the buildings’ operating systems, common areas and tenant amenities to reposition the property. Jay O’Meara of CBRE represented the seller in the transaction. Dilweg has tapped CBRE to lease and manage Centennial Tower.
SANFORD, FLA. — New York Life Real Estate Investors has originated a $41.3 million acquisition loan for Elan Towne Center Apartments, a 360-unit, Class A multifamily community in metro Orlando. The property is located at 12500 Solstice Loop in Sanford. The apartment community’s amenity package includes a swimming pool, sundeck with outdoor TVs and a fire pit, a tanning salon, walking trails, dog park, detached garages, cyber café and coffee bar, fitness center, movie theater, business center and an outdoor kitchen. Paul Ahmed of Walker & Dunlop’s Fort Lauderdale office arranged the 15-year loan with five years of interest-only payments.