NORTH CHARLESTON, S.C. — CBRE Hotels has brokered the sale of the 166-room Crowne Plaza in North Charleston. Arpit Shah of CBRE Hotels’ Charlotte office represented the seller, Inland American Lodging Management LLC, in the transaction. This is the 10th hotel in the Carolinas that CBRE Hotels has brokered on behalf of Inland since 2010. Atlanta-based Peachtree Hotel Group purchased the asset for an undisclosed amount.
Property Type
POMPANO BEACH, FLA. — TM Windows LLC has leased an entire 124,894-square-foot industrial facility in Pompano Beach for warehouse, manufacturing and showroom space. The property is located at 1543 N. Powerline Road in the three-building Superior Commerce Park development. Michael Crissy of Stiles Realty represented the aluminum window and door manufacturer in its 10-year lease transaction. Michael Scarpino and Jennifer Scarpino of NAI Rauch Weaver Norfleet Kurtz & Co. represented the unnamed landlord.
JOHNSTOWN, OHIO — The Cooper Commercial Investment Group has brokered the $2.4 million sale of a 15,292-square-foot retail center in Johnstown, a northeastern suburb of Columbus. The Kyber Run Shopping Center is shadow-anchored by a Kroger. An undisclosed New Jersey-based buyer purchased the property at an 8.7 percent capitalization rate. Dan Cooper of the Cooper Commercial Investment Group represented the owners, a Columbus-based private investment group.
OWOSSO, MICH. — Marcus & Millichap has arranged the $635,000 sale of a 45,150-square-foot self storage facility in Owosso, an eastern suburb of Flint. Owosso Mini Storage is located at 1003 W. Main St. Brett Hatcher of Marcus & Millichap’s Columbus office represented the seller, a limited liability company, and the buyer, another limited liability company. Steven Chaben of Marcus & Millichap’s Michigan office assisted in closing this transaction.
COLUMBUS, OHIO AND SAGINAW, MICH. — DealPoint Merrill has purchased three properties in Columbus, Ohio; Saginaw, Mich.; and Tucson, Ariz., for an undisclosed price. The properties include National Road Plaza, a 120,700-square-foot shopping center in Columbus; the 151,396-square-foot Bay View Plaza shopping center in Saginaw; and American Mini Self-Storage, a 53,400-square-foot building in Tucson. David Frank of DealPoint Merrill negotiated the transaction. Sterling McGregor of DealPoint Merrill handled the due diligence for the purchases. Mike Gustafson of Sperry Van Ness/DealPoint Merrill Equities, an affiliate of DealPoint Merrill, assisted with the investment capital. Mark Mimms and Mark Yadisernia of Sperry Van Ness/DealPoint Merrill Properties Corp., were the brokers. Greg Corlyn of First American Title Co. handled the title and escrow for the transactions.
SHELBY TOWNSHIP, MICH. — Colliers International has arranged the lease of a 10,000-square-foot industrial building in Shelby Township, a suburb of Troy. The property is located at 14125 Industrial Center Drive. Dun Right/Quality Control Production Coatings Inc. will use the space for its day-to-day operation of metal refinishing and treatment of powder coat. Barry Landau of Colliers International represented the tenant in the transaction. The landlord was undisclosed.
CHELMSFORD, MASS. — Boston-based Tritower Financial Group has acquired 300 Apollo Drive in Chelmsford. Texas-based USAA Real Estate Company sold the property for $39.4 million. The LEED Silver-certified property offers more than 293,000 square feet of Class A office space. At the time of sale, the property was 100 percent leased to eight tenants. David Pergola and Brian Doherty of Cassidy Turley represented the seller in the transaction.
NEW YORK CITY — B+B Capital has acquired a three-level retail condo at 377 Broadway in Manhattan’s TriBeCa neighborhood. Cooper Investors Inc. sold the 15,000-square-foot corner condo for an undisclosed price. Built in 1920, the property offers 4,500 square feet of retail space on the ground level, 1,200 square feet on the mezzanine level and 9,600 square feet on the lower level. Bracha New York at Keller Williams NYC represented the buyer and EPIC Commercial Realty represented the seller in the transaction.
SHREWSBURY, PA. — Joe Messina is developing Messina Highlands, a more than 36,000-square-foot shopping center in Shrewsbury. Slated to open this fall, the property will be occupied by Peoples Bank, Panera Bread, AT&T, Great Clips, Five Guys, Glamour Nails, Chipotle and Mattress Warehouse. Kevin Potter of Rhino Realty Group is marketing and leasing the property.
BARNEGAT, N.J. — Marcus & Millichap has brokered the sale of Union Plaza in Barnegat. Located at 575 North Main St., the 9,900-square-foot retail property sold for $1.1 million. Michael Lombardi of Marcus & Millichap’s New Jersey office represented the seller, a private investor, and Julienne Pape also of Marcus & Millichap’s New Jersey office represented the buyer in the transaction.