STERLING HEIGHTS, MICH. — L. Mason Capitani CORFAC International has arranged an 18,495-square-foot industrial lease in Sterling Heights, eight miles east of Troy. ASRC Federal has leased the facility, which is located at 35645 Stanley Drive. The company provides mission‐critical services to federal government agencies dedicated to defense, civil and intelligence support. Jason Capitani of L. Mason Capitani represented the undisclosed landlord in the transaction.
WEBSTER GROVES, MO. — Colliers International has arranged the $22.8 million sale of a single-tenant, triple-net-leased office property in Webster Groves, 11 miles southwest of St. Louis. The 90,000-square-foot research and development facility is located within the Owen Ridge Business Park at 381-385 Marshall Ave. Steve Tharpe, Gwen Knight and Spencer Toder of Colliers International represented the seller, Owen Ridge Associates LLC. The Kase Group, an affiliate of Sperry Van Ness based in northern California, represented the buyer, New York-based American Realty Capital.
FORT WORTH — CBRE has brokered the sale of Hulen Pointe Shopping Center in Fort Worth. Bo Avery of TriMarsh Properties purchased the retail center from Austin-based Wes Walters Realty Inc. Hulen Pointe is comprised of four buildings totaling 174,783 square feet and is 48 percent occupied by a combination of national, regional and local tenants. Anchor tenants include Dollar Tree, Dickey’s BBQ, State Farm Insurance and Great Clips.
BUDA, TEXAS — Lee & Associates has negotiated the lease of a 24,000-square-foot industrial building located at 199 Park 35 Cove N. in Buda, a suburb of Austin. Reed Parker and Tom Walrich of Lee & Associates’ Dallas/Fort Worth office represented the buyer, The CounterSource, a supplier of custom fabrication and counter top surfaces. Thomas Rhodes with Century 21 Randall Morris & Associates represented the seller, Prisma Properties.
AUSTIN — Marcus & Millichap has arranged the sale of Shops at Grandview Hills, a 15,400-square-foot retail property in Austin. Michael Buckner and Richard Mireles of Marcus & Millichap’s Austin office marketed the property on behalf of the seller, a limited liability partnership. Buckner and Mireles also secured the buyer, a limited liability company. Shops at Grandview Hills is located at 7814 N. Ranch Road 620 in Austin. The property was built in 2006 and sits on 2.8 acres in northwest Austin.
SUGAR LAND, TEXAS — A second SurePoint self-storage facility is set to be built in metro Houston. The new location will be located on a 2.3-acre property near the intersection of the Grand Parkway and Highway 59 in Sugar Land. This will be SurePoint’s second location in the Houston market. The planned four-story building with 123,000 square feet of rentable space will begin construction in early 2015. SurePoint, which has five locations open in the San Antonio area, also has a location in the Houston suburb of Cypress under contract. Construction on that project is set to begin later this year. Houston developer Bobby Grover is partnering with SurePoint’s Brian Cisarik, Robert Loeb and Jeff Bailey on the developments.
HARRISON, N.J. — BNE Real Estate Group has opened its Water’s Edge at Harrison, a luxury rental building in Harrison. Located at 301 Dey St., the 141-unit building features a mix of studio, one- and two-bedroom apartments ranging in size from 545 to 1,232 square feet. Unit amenities include hardwood floors, plush carpeting, nine-foot ceilings, high-efficiency washer/dryers, oversized windows, stainless steel appliances and chef-inspired kitchens. Community amenities include 24-hour concierge services, on-site management and maintenance; a fitness center; WiFi business center; residents’ lounge; game room and landscaped terrace with heated outdoor pool. The property is being managed by BNE Management Group.
SHELTON, CONN. — GTJ REIT has acquired an industrial building located in Shelton for an undisclosed price. Situated on 22 acres, the 125,000-square-foot building features an industrial portion with 24-foot clear heights and a central lobby on the second floor with office space. The facility is currently leased and occupied by Sikorsky Aircraft Corp. and guaranteed by United Technologies Corp. pursuant to a lease that expires April 2018. Sikorsky has a five-year extension option on its lease.
PLYMOUTH, MASS. — KeyPoint Partners has brokered the sale of West Plymouth Square, a shopping center located at the intersection of Route 44 and Route 80 in Plymouth. The asset sold for $7 million. Ocean State Job Lot, Planet Fitness, Dollar Tree, Papa Gino’s, Eastern Bank and Plymouth Liquors occupy the 127,847-square-foot shopping center. Jonathan Aron of KeyPoint Partners represented the seller, while Michael Scanio of Cambridge Capital Advisors procured the buyer.
NEW YORK CITY — CPEX Real Estate has brokered the sale of a development site at 88 Schermerhorn St. in the Brooklyn Heights neighborhood of Brooklyn. Rockwood Capital and Heights Realty Advisors purchased the site for $11 million or $330 per buildable square foot. The 3,333-square-foot includes vacant 10,570-square-foot building. Zoned for C5-4 with a special downtown Brooklyn overlay, the site has a maximum floor area ratio of 10, permitting up to approximately 33,330 buildable square feet as of right for residential use. Sean Kelly of CPEX’s Development & Conversion Investment Sales team represented the seller, 88 Schermerhorn LLC, which originally purchased the property in 2013 for $3.75 million. CPEX also procured the buyers in the deal.
