Property Type

M&M Arranges $3.3M Sale of Apartment Property in Grove City, Ohio

by Danielle Everson April 23, 2015

GROVE CITY, OHIO — Marcus & Millichap has arranged the $3.3 million sale of Williamsburg Place, an 82-unit apartment, townhome community in Grove City, a southwest suburb of Columbus.The community includes one-bedroom garden and two-bedroom townhome units, as well as 36 detached garages. Michael Barron, Daniel Burkons, Joshua Wintermute, Richard Lattro and Jordan Marshall, of Marcus & Millichap’s Columbus office, along with the Marcus & Millichap Tax Credit Group out of the firm’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a Seattle limited partnership.

April 23, 2015

California Retail Western

Smart & Final to Open New Concept Store at Lemon Grove Plaza in Oxnard

by Nellie Day April 23, 2015

OXNARD, CALIF. – Smart & Final has announced plans to open a new 43,200-square-foot Smart & Final Extra! store at Lemon Grove Plaza in Oxnard. The center is located on North Oxnard Boulevard. The company previously operated a 16,092-square-foot space within the center for the past 27 years. Smart & Final Extra! is larger than the company’s traditional warehouse stores, offering an expanded produce section with some organic items. Smart & Final was represented by Pamela Scott of Lee & Associates.

April 23, 2015

California Office Western

Gerald J. Sullivan & Associates Renews Lease at Pacific Financial Center in Los Angeles

by Nellie Day April 23, 2015

LOS ANGELES – Gerald J. Sullivan & Associates has renewed its lease for 28,668 square feet of office space at Pacific Financial Center in Downtown Los Angeles. The Class A office tower is located at 800 W. Sixth Street. It is fully occupied. The insurance brokerage firm has resided within the Pacific Financial Center since 1987. It occupies the top two floors of the property. The firm was represented by Jonathan Larsen of Avison Young. The landlord, Pacific Financial Equities, was represented by John Anthony of Charles Dunn Company.

April 23, 2015

California Industrial Western

San Diego Industrial Building Sells for $2.1M

by Nellie Day April 23, 2015

SAN DIEGO – An 18,314-square-foot industrial building in the San Diego submarket of San Marcos has sold to Utah Prime Properties for $2.1 million. The building is located at 1585 Creek Street. The tenant, ESN Restoration, has four years remaining on its lease. Utah Prime was represented by Rusty Williams, Chris Roth and Kyle Carruthers of Lee & Associates – North San Diego County. The seller, Edward Allen Properties, was represented by Kidder Matthews.

April 23, 2015

Oregon Retail Western

Portland Retail Property Sells for $1.8M

by Nellie Day April 23, 2015

PORTLAND, ORE. – A 5,000-square-foot retail property in Portland has sold to a limited liability company for $1.8 million. The property is located at 2100-2118 NW Glisan Street. It is fully leased to three businesses. The seller, an out-of-state family trust, was represented by Justin Poor of Marcus & Millichap’s Portland office.

April 23, 2015

Retail Utah Western

DUB Nutrition to Open Second Location in Utah

by Nellie Day April 23, 2015

CLEARFIELD, UTAH – DUB Nutrition has leased 7,221 square feet of office and retail space at Legend Hills office complex in Clearfield. The space is located at 1649 East 1400 South. This Class A office is one of only a handful of new gym facilities to emerge in Davis County within the past several years. DUB (Discover their Ultimate Bodies) assists individuals with their personal health challenges through healthy eating, exercise and nutrition supplements. The new facility will provide services like weightlifting, cardio, hot yoga, indoor cycling and full-service MMA. The grand opening is scheduled for Sept. 1. DUB was represented by Ryan Flint of Newmark Grubb ACRES.

April 23, 2015

Mixed-Use Texas

Mixed-Use Project Planned for Galleria/Uptown District in Houston

by Haisten Willis April 23, 2015

HOUSTON — Tilman J. Fertitta has broken ground on The Post Oak, a mixed-use, master-planned project in Houston combining hotel, office, residential, retail and restaurant offerings in one tower. The new development will be located in the Galleria and Uptown area along West Loop South, with access from Loop 610, Holly Hurst Street and Hallmark Drive. Rising above the 10-acre mixed-use development will be a 35-story tower with an adjacent ballroom. The 650,000-square-foot tower will accommodate 240 hotel rooms, more than 120,000 square feet of boutique office space and 22 apartment units. Amenities will include a two-story spa and salon, restaurants and retail and over 1,000 parking spaces.

April 23, 2015

Office Texas

Texas Children’s Hospital to Expand With 19-Story Tower

by Haisten Willis April 23, 2015

HOUSTON — Texas Children’s Hospital, in collaboration with FKP Architects, will add a $506 million, 19-story patient tower to its campus as part of a $575 million capital investment. The new tower will sit on top of an existing six-story base adjacent to Texas Children’s Pavilion for Women. FKP’s Houston office will lead planning and design for the project, which is expected to be complete in 2018. Pediatric Tower E will initially offer 129 beds for pediatric and cardiovascular intensive care, along with new operating rooms. It will also be the home of the relocated Texas Children’s Heart Center, including a new outpatient clinic, cardiovascular operating rooms, dedicated cardiology beds and catheterization labs. The Heart Center will move out of the West Tower, making way for additional acute care beds. The project will be funded in part from the Texas Children’s Promise Campaign.

April 23, 2015

Industrial Texas

Transwestern Arranges Sale of Industrial Property in Fort Worth

by Haisten Willis April 23, 2015

FORT WORTH — Transwestern’s Fort Worth office has arranged the sale of Riverbend Center on behalf of Klabzuba Realty LLC. Riverbend Complex LLC purchased the industrial/flex property located at 2301 – 2435 Gravel Drive and 7401 – 7445 Pebble Drive in Fort Worth for an undisclosed price. Steve Rowland, Jeff Givens and Tracy Georges of Transwestern represented the seller, Klabzuba. The 188,355-square-foot, four-building property was 90 percent leased at the time of sale. Riverbend Center includes 5,000 square feet of excess land for potential additional parking. Todd Lambeth of Colliers International represented Riverbend Complex in the transaction.

April 23, 2015

Retail Texas

HFF Brokers Sale of Power Center in Metro Houston

by Haisten Willis April 23, 2015

KATY, TEXAS — HFF has brokered the sale of Green Tree Shopping Center, a 147,658-square-foot, 99 percent leased power center in Katy. HFF arranged the sale of the property on behalf of the seller, a tenants-in-common ownership group managed by Joseph and Henry Mandelbaum of RealTax Inc. Inland American Real Estate Trust Inc. purchased the asset for an undisclosed amount. Tenants include TJ Maxx, PetSmart, Office Depot, Party City, Five Below, Ulta Salon, Famous Footwear, Mattress Firm, Bath & Body Works, GNC and Castle Dental. Target and Randall’s shadow-anchor the center. Renovated in 2004, the Green Tree Shopping Center spans 21.6 acres at 231-515 South Fry Road in Katy, a suburb west of Houston. Ryan West, Rusty Tamlyn, Matt Berry and Robbie Kilcrease led the HFF investment sales team representing the seller.

April 23, 2015

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