EAST ISLIP, N.J. — Sabre Real Estate Group has brokered a lease at Heckschere Plaza Shopping Center in East Islip. Pat’s Meat Farms Inc. will occupy 30,473 square feet at the 60,000-square-foot retail center located at 300 E. Main St. The new supermarket called Pat’s Marketplace is expected to open by third quarter 2014. The supermarket is owned by Pat LoCurto. Sabre Real Estate Group represented the lessee in the transaction.
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HOUSTON — Hunington Properties Inc. has arranged the sale of Highway 6 at Westpark, a 15,600-square-foot retail property in Houston. The property consists of two retail buildings near the intersection of Highway 6 and Westpark Drive. Todd Carlson and Sandy Aron of Hunington represented the seller, a local developer. The buyer is a local investment group. Highway 6 at Westpark was built in 2008. The shopping center was 50 percent occupied at the time of sale.
MANSFIELD, TEXAS — Hill & Wilkinson has been awarded the construction contract for Rochester Springs, a senior living facility to be built at the corner of Matlock Road and East Broad Street in Mansfield. Construction begins this month and is expected to be finished by June 2015. The 73,073-square-foot, two-story, $11.5 million Rochester Springs projectincludes 51 assisted living units and 44 memory care units. Pritchard Associates Inc. will serve as the construction manager for the project and 12 Oaks Management Services Inc. will be the facility’s operator.
SEGUIN, TEXAS — Rockspring Capital has acquired a 121-acre industrial site in Seguin, a submarket of San Antonio. The parcel is situated between a Caterpillar engine plant and supplier facility, and is located off I-10 E, east of San Antonio and south of New Braunfels. The purchase was Rockspring’s third of 2014, following the acquisition of a 7.6-acre site in San Antonio and a 22.5-acre property in Austin.
SAN ANTONIO — Marcus & Millichap has arranged the sale of a 2,172-square-foot, net-leased Dairy Queen, located at 3301 Nogalitos St. in San Antonio. Rehan Rajab and Chad Knibbe marketed the property on behalf of the seller, a private investor. The buyer, a private investor, was secured by Stephen Berchelmann and Chad Knibbe. All are based out of Marcus & Millichap’s San Antonio office. One-third of an acre, the Dairy Queen has been in operation since 1976 and was renovated in 1995.
SANTA ANA, CALIF. — Cabrillo Park Shopping Center, a 72,500-square-foot, grocery-anchored center in Santa Ana, has sold to Palmdale Avenue S LLC for $12.2 million. The center is located at 1710-1730 E. 17th Street. It is 95 percent occupied and anchored by Superior Grocers. Other tenants include T-Mobile, Sally Beauty Supply, United Dental Care, Little Caesar’s and 4G Wireless. The buyerwas represented by Randy Ibara of Southern Pacific Investments. The seller, Hector Regner Properties – Cabrillo Park I, LLC, was represented by Randy Dalby of Lee & Associates San Diego North.
NEWPORT BEACH, CALIF. – A joint venture between AEW and Kearny Real Estate Company has acquired five fee title buildings and 12 land parcels within Newport Corporate Plaza in Newport Beach for $41.5 million. The 24-building Newport Corporate Plaza is situated on 20 acres of land on Corporate Plaza Drive. The acquired properties are subject to ground leases at the office campus. The joint venture was represented by CBRE’s Gary Stache. The unnamed seller was represented by Don Nourse and Jim Nourse of Lee & Associates – Newport Beach.
LOS ANGELES – A Los Angeles-based healthcare operator has received $9 million to refinance two local skilled nursing facilities. The facilities include a 99-bed nursing facility on Pico Boulevard near Koreatown and an 81-bed nursing facility on North Fairfax Avenue. The short-term financing retired the existing senior secured term loan. It also funded about $300,000 worth of planned capital improvements at both properties. The sponsor currently owns, operates or manages 20 healthcare centers throughout California. The loan was provided by Felix Gutnikov of Thorofare Capital.
SAN DIEGO — Solana Enterprises has acquired an 83,335-square-foot industrial building in San Diego for $7.9 million. The building is located at 7455-7465 Carroll Road. It is fully leased to Rhino Linings and Westside Building Supplies. Bryce Aberg, Brant Aberg and Ryan Spradling of Cassidy Turley’s San Diego office represented both the buyer and seller, Drake West LLC, in this transaction.
LOS ANGELES – The 25-unit G6 Apartments in Los Angeles has sold to a private investor for $3.9 million. The student housing facility is located at 1188 W. 36th Place, just one block from the University of Southern California’s (USC) main campus. It was built in 2009. The seller, G6 Apartments LLC, was represented by Ron Harris, Paul Darrow and Michael DiSimone of Marcus & Millichap’s Los Angeles office.