Property Type

Scuderia Development Buys Riverside Industrial Facility for $43.5M

by Nellie Day November 19, 2014

RIVERSIDE, CALIF. — Scuderia Development has acquired a 600,000-square-foot industrial property in Riverside for $43.5 million. The Class A property is located at 14600 Innovation Drive, within the Meridian Business Park. Scuderia plans to utilize the space as a warehouse and distribution facility for its aluminum products. The property includes 4,160 square feet of office space. Other notable tenants at Meridian Business Park include Sysco Corp., Yucaipa Company (Fresh & Easy), Kia Motors and McLane Foodservice. Newcastle Partners completed the property in late 2013. Phil Lombardo and Chuck Belden of Cushman & Wakefield represented both the buyer and Newcastle in this transaction.

November 19, 2014

California Office Western

Kilroy Buys Sunnyvale Office Property for $98M

by Nellie Day November 19, 2014

SUNNYVALE, CALIF. — Kilroy Realty Corporation has acquired a 261,000-square-foot office property in Sunnyvale for $98 million. The four-building complex is located in the Moffett Park district. Kilroy has been extremely active in the Silicon Valley and San Francisco Bay Area regions, as of late. The office development specialist recently leased a 587,000-square-foot, three-building Sunnyvale campus to LinkedIn. It is also building a 340,000-square-foot space in San Francisco’s South of Market (SOMA) district that has been leased to Salesforce. Divco, the Moffett Park seller, was represented by Dan Ball of Gibson Dunn. Kilroy was represented by Pete Roth of Allen Matkins in this transaction.

November 19, 2014

Office Texas

Cassidy Turley to Develop Office Space in Uptown Dallas

by Danielle Everson November 18, 2014

DALLAS — Cassidy Turley’s project and development services team will oversee the design and construction of Sidley Austin LLP’s 73,600-square-foot office space at the new McKinney & Olive office building in uptown Dallas. Sidley Austin is a law firm with more than 1,800 attorneys in 18 offices around the world. The company has leased the top three floors McKinney & Olive, a new office tower owned by Crescent Real Estate Holdings LLC. The space is located next to the Ritz-Carlton and a few blocks from The Crescent. Brad Blankenship, Dale Martin, Kyle Griffith, Randy Cooper and Craig Wilson of Cassidy Turley arranged the transaction on behalf of the tenant. Gensler is the architect for the project.

November 18, 2014

Mixed-Use Texas

New Businesses Opening in Colleyville

by Danielle Everson November 18, 2014

COLLEYVILLE, TEXAS — A host of new businesses are set to open in the Dallas suburb of Colleyville. Teddy’s Bigger Burgers, Jersey Mike’s and Colleyville Smiles have all signed leases to open in Colleyville Stampede, a 12,847-square-foot retail building under construction at 4712 Colleyville Boulevard. Tey Tiner of United Commercial Realty represented Standridge Cos. in the lease negotiations. In addition, Luna Grill and Tea2Go have signed leases at Town Center Colleyville. Luna Grill has signed a 10-year lease for 2,443 square feet at 5505 Colleyville Blvd and Tea2Go has signed a 10-year lease for 2,000 square feet at 5611 Colleyville Blvd. Easley Waggoner of Venture Commercial Real Estate LLC represented Velocis Partners in lease negotiations.

November 18, 2014

Mixed-Use Texas

New Tenants Set to Join Mixed-Use Development in Metro Dallas

by Danielle Everson November 18, 2014

FLOWER MOUND, TEXAS — Realty Capital Management LLC, developer of the Lakeside DFW mixed-use development in Flower Mound, has leased 76 percent of the project’s first phase. Lakeside DFW is located at the intersection of FM 2499 and Lakeside Parkway. Phase I consists of six buildings with 50,000 square feet of commercial space on the ground floor, plus a 45,000-square-foot movie theater. Tenants who have signed leases include Cavaro Prime Brazilian Steakhouse, Paradise Bistro and Coffee Co., Taverna del Lago, Bottle & Bottega, Elite Pups Luxury Dog Daycare & Spa, Majestic Nail Spa, The Lodge Barbershop, Amber Michelle Salon, Engel & Volkers and State Farm Insurance. Phase I is set for completion early next year, with businesses opening throughout the first and second quarters of 2015.

November 18, 2014

Office Texas

Hudson Peters Arranges Office Lease in Dallas

by Danielle Everson November 18, 2014

DALLAS — Hudson Peters Commercial has arranged a 51,400-square-foot lease at the Pyramids Office Tower for Shackelford, McKinley, Melton & Norton LLP, a Dallas law firm. The property is located at 9201 N. Central Expressway and is part of the Pyramids at Park Lane complex. Healthcare Realty Trust Inc. owns the complex. Cincha Kostman and Sanober Syed of Hudson Peters represented the landlord. The Amend Group represented the tenant.

November 18, 2014

Multifamily Texas

M&M Arranges Sale of 59-Unit Apartment Building in Metro Dallas

by Danielle Everson November 18, 2014

GARLAND, TEXAS — Marcus & Millichap has arranged the sale of Kent Apartments, a 59-unit apartment complex located in Garland. Robert Denninger of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a limited liability company. Denninger also procured the buyer, an individual/personal trust. Kent Apartments is located at 3810 W. Walnut St., less than three miles north of I-635. The complex features 18 one-bedroom units and 31 two-bedroom units. Floor plans range in size from 625 to 825 square feet. The complex is pet friendly and includes a gated playground for children.

November 18, 2014

Midwest Minnesota Office

CPA:18 – Global Acquires Office, Research and Development Facility for $43M

by Danielle Everson November 18, 2014

PLYMOUTH, MINN. — CPA:18 – Global, a non-traded REIT managed by W. P. Carey Inc., has acquired a 191,000 square-foot office and research development facility in Plymouth for $43 million. The facility, purchased from Liberty Property Trust, is leased to Alliant Techsystems Inc. (ATK) for 10 years. ATK is an aerospace, defense and outdoor sports and recreation company operating in 21 states, Puerto Rico and internationally. Since moving into the building in 2001, ATK has made investments in the facility to meet its specific criteria for testing and housing specialized labs and equipment.

November 18, 2014

Michigan Midwest Multifamily

Princeton Enterprises Acquires Lansing Tower Apartments for $3.6M

by Danielle Everson November 18, 2014

LANSING, MICH. — Princeton Enterprises has purchased Lansing Tower Apartments in Lansing for $3.6 million. The apartment community, located at 610 W. Ottawa St., includes 140 studio, one-, two- and three-bedroom units. Cary Belovicz of Commercial Property Advisors brokered the deal on behalf of the private seller. The new owner plans to renovate the exterior of the building, make plumbing improvements and add a new swimming pool deck, fitness center, resident lounge and lobby with a new WiFi beverage café. The property was built in 1968.

November 18, 2014

Midwest Minnesota Restaurant Retail

M&M Arranges $2.1M Sale of 2,112 SF Taco Bell Property

by Danielle Everson November 18, 2014

EAGAN, MINN. — Marcus & Millichap has arranged the sale of a 2,112-square-foot Taco Bell, net-leased property in Eagan. The property is located at 2000 Cliff Road. Border Foods Inc. guaranteed the lease. The property is an outparcel for Regal Cinemark Movies 16 and is adjacent to a Target Shopping Center and a Cub Foods. Dan Yozwiak and Mark Lovering of Marcus & Millichap’s Columbus office represented the seller, a limited liability company. Joubin Manoocherhi of JNM Investments in Los Angeles, Calif. represented the undisclosed buyer.

November 18, 2014

Newer Posts

Older Posts