SACRAMENTO, CALIF. — Autograph Collection Hotels has added The Citizen hotel in Sacramento to its portfolio. The hotel is situated inside the California Life Insurance Building. It contains the Grange Restaurant and Bar, as well as 9,000 square feet of meeting space. Autograph is part of the Marriott International brand. Its global portfolio consists of 93 hotels worldwide.
PORTLAND, ORE. — KeHE Distributors has leased a 383,040-square-foot facility at PDX Logistics Center I in Portland. Capstone Partners and PCCP are developing the logistics center, which will be built in two phases. The property will eventually include two spec buildings totaling 848,400 square feet. PDX Logistics Center I is within the Portland International Center, which is owned by the Port of Portland. Both buildings are fully leased.Jerry Matson and Paul Breuer of Colliers International represented the landlord in this lease transaction.
OAKLAND, CALIF. – Meridian has purchased a 19,202-square-foot medical office building in Oakland for an undisclosed sum. The building is located at 380 W. MacArthur Blvd. Meridian plans to invest about $2.2 million into the building. This is the firm’s first value-add medical office acquisition in the Oakland area. It is Meridian’s first speculative purchase this year. The seller was BIC Oakland.
PLANO, TEXAS — Alliance Architects has completed Phase II of a renovation project for the City of Plano’s Technology Services Data Center. The facility is located at 1117 E. 15th St., adjacent to Plano City Hall. The facility was originally designed and built to house city hall and the city’s main fire station. The Technology Services Data Center is a Tier 3 data center and administration office that stores, secures and processes information for Plano’s government offices. The project features offices, open support spaces, a training room, conference rooms, an employee break room and a public service area. Sustainable finishes are used throughout the building. Alliance Architects team members included Charlie, Reagan, Chris Bruck, Zac Bartz, Barb Caires, Keith Petersen and Aaron Trecartin. Turner Construction provided general construction services.
RICHARDSON, TEXAS — Regency Centers Corp., an owner, operator and developer of grocery-anchored shopping centers, has closed on the land for Phase II of its CityLine Market development in Richardson. The Phase II portion is 100 percent pre-leased and will include a 12,900-square-foot CVS Pharmacy and new restaurants encompassing 9,000 square feet. The newest restaurants to join CityLine Market include Super Chix, Pho is for Lovers and Piada Italian Street Food. Super Chix’s menu includes chicken sandwiches, fries and frozen custard. Pho is For Lovers serves Vietnamese food including beef pho, tofu summer rolls and banh mi sandwiches. Piada serves Italian street. CityLine Market is anchored by Whole Foods Market, contains nearly 102,000 square feet of retail and will serve as the cornerstone of the CityLine mixed-use development. The center is 98 percent leased. The construction of Phase II is expected to start late this year.
COPPELL, TEXAS — Steadfast Apartment REIT has acquired Lakeside at Coppell, a 315-unit apartment community located in Coppell. Constructed in 1999 on 35 acres, Lakeside at Coppell includes 45 two-story apartment buildings boasting one-, two-, three- and four-bedroom configurations. Layouts average 1,221 square feet and amenities include attached garages, washer-dryer connections, granite countertops and stainless steel appliances. Lakeside at Coppell was 96.2 percent occupied as of Oct. 6, and has average in-place rents of $1,698. On-site amenities include a clubhouse, swimming pool, basketball court, sand volleyball court, tennis court, jogging trail, health club, billiards room, business center, playground and community garden.
HOUSTON — Houston-based Baker Katz has completed a 3,469-square-foot lease on behalf of Crossroads Trading, which will open its first Texas location in central Houston’s Montrose neighborhood in the Westmont building. Crossroads Trading offers used clothing and accessories. Customers can buy, sell or trade their in-season clothing and accessories at the store. Lunden McGill and Jason Baker of Baker Katz represented Crossroads Trading in the transaction. Brian Kaplan of WPW Realty Advisors represented Westmont Partners LLC. Founded in 1991, Crossroads Trading operates 35 locations.
IRVING, TEXAS — Grandbridge’s Blake Willeford has arranged $18.8 million in financing for Newport Apartments, a 308-unit apartment complex in Irving. The loan, arranged through a debt fund REIT, included financing for the acquisition as well as capital for improvements to enhance the property. The transaction was structured with a two-year, interest-only term. The asset, built in 1981, includes 200 renovated units with faux wood flooring, black appliances, and brush nickel plumbing and lighting fixtures. The borrower, PPA Group, plans to renovate the remaining 108 units and make exterior improvements including masonry dumpster enclosures, replacing wood with wrought iron on select balconies/patios, adding an outdoor kitchen, and adding a dog park.
NEW YORK CITY — The Brodksy Organization has opened City Tower, the market-rate residential component of downtown Brooklyn’s City Point development, for leasing. Located at 10 City Point Place, the 48-story property features 440 studio, one- and two-bedroom residential units, beginning on the 20th floor. The units feature 5-inch wide oak plank flooring throughout the living areas and kitchens, custom cabinetry and recessed lighting in the kitchen. On-site amenities include more than 23,000 square feet of indoor and outdoor spaces, including a basketball court, health club, residents’ lounge with café, a green terrace on the 18th floor and a sky terrace on the 43rd floor. Additional amenities include a 24/7 doorman, bicycle storage and a business center. Designed by COOKFOX, the property is slated to achieve LEED Silver certification. Pricing starts at $2,450 per month for a studio, $3,000 per month for a junior one-bedroom, $3,300 per month for a one-bedroom and $4,500 per month for a two-bedroom apartment. City Tower is part of City Point, a 1.8 million-square-foot retail, commercial and residential property in downtown Brooklyn being developed by Washington Square Partners and Acadia Realty Trust.
STAMFORD, CONN. — ClearRock Properties, in partnership with Contrarian Capital Management, has completed the disposition of a three-building, 247,310-square-foot waterfront office complex in the South End of Stamford. ClearRock formed a partnership with Mountain Development Corp. and Gottesman Real Estate Partners to reacquire the assets for an undisclosed price. The complex includes the 89,637-square-foot former industrial property at 700 Canal St.; the 67,673-square-foot office building at 850 Canal St.; and the 90,000-square-foot office building, which includes 1,000 linear feet of dock space, at 860 Canal St. Andrew Merin, David Bernhart, Gary Gabriel and Thomas O’Leary of Cushman & Wakefield represented the seller in the transaction.
