Property Type

ML Realty Partners Arranges Three Leases in Metro Dallas

by Haisten Willis January 26, 2015

CARROLLTON, TEXAS — ML Realty Partners LLC has arranged three leases totaling 96,010 square feet at Crosby Trade Center. The two-building Carrollton development was developed in partnership with Frontier Equity. The leases bring the 295,774-square-foot, multi-tenant development to 32 percent leased. J. Scott More and Jim Brice of Holt Lunsford Commercial represented ML Realty Partners in all transactions. Business Solutions Transport leased the first 31,385 square feet of industrial space in the 110,920-square-foot north end building at 1215 W. Crosby Road. Tyson Erwin of NAI Hiffman represented BST in the transaction. Renewal by Anderson will join BST at 1215 W. Crosby Road with a new lease for 32,179 square feet. Searcy Ferguson of CBRE represented Renewal by Anderson in the transaction. Gunder Associates signed a lease for 32,446 square feet in the 184,854-square-foot south end building. Curt Linn of Avison Young represented Gunder Associates in the transaction.

January 26, 2015

Bradford Arranges Sale of 102,732-SF Net-Leased Property in Metro Dallas

by Haisten Willis January 26, 2015

GRAND PRAIRIE, TEXAS – A north Texas-based partnership has sold a 102,732-square-foot, net-leased property in the Upper Great Southwest Industrial District to Conti Warehouses LLC of Fort Worth. The property at 1470 Ave. T in Grand Prairie was developed in 1994 as a build-to-suit for Genesee Stamping & Fabricating Inc. Michael Spain and Jim Ferris of Dallas-based Bradford Commercial Real Estate represented the seller and original owner, NTA Holdings Ltd. Ryan Wood of Conti Warehouses represented the buyer.

January 26, 2015

Illinois Industrial Midwest

Darwin Arranges Sale of 437,910 SF Industrial Building in Bedford Park, Ill.

by Danielle Everson January 26, 2015

BEDFORD PARK, ILL. — Darwin Realty & Development Corp. has arranged the sale of a 437,910-square-foot industrial facility in Bedford Park, a suburb of Chicago. The property is located at 7035 W. 65th St. The buyer, Professional Freezing Services, is relocating and expanding from its current location on 44th St. in Chicago. The firm plans to demolish the existing facility in Bedford Park and build a new, state-of-the-art, 150,000-square-foot freezer/cooler facility on the site, which is in close proximity to I-55 at Harlem and 1st avenues. Adam Haefner and George Cibula of Darwin represented both the buyer and the private seller.

January 26, 2015

Midwest Multifamily Uncategorized

Darland Completes Construction on Jones 13 Apartments in Omaha

by Danielle Everson January 26, 2015

OMAHA, NEB. — Darland Construction has completed the five-story Jones 13 Apartments in downtown Omaha. Darland’s second project with America First Real Estate Group, the property includes 100 units. Apartments range from studios to two-bedroom units, which are built around a central courtyard. The property features a 57-stall parking garage. Additional amenities include a fitness center with a street view; a courtyard with outdoor kitchen, fire pit, and pergola, water feature and planters. Jones 13 is the second multifamily construction project that Darland has completed for America First Real Estate Group.

January 26, 2015

Illinois Midwest Office Retail

JLL Income Property Trust Acquires Parking Garage in Chicago’s River North Area

by Danielle Everson January 26, 2015

CHICAGO — Jones Lang LaSalle Income Property Trust Inc. has acquired a six-story, 366-stall parking garage known as Ohio Ontario Self Park in Chicago for $16.9 million. The parking garage is a component of the mixed-use development located at 33 W. Ontario Street in Chicago’s River North area. The development includes a 59-story, 364-unit condominium tower with its own deeded parking and ground level retail. In conjunction with the acquisition, JLL Income Property Trust entered into a lease with a subsidiary of Imperial Parking, a firm founded in Vancouver in 1962.

January 26, 2015

California Retail Western

Carrillo Plaza Shopping Center in Santa Barbara Sells for $12.2M

by Nellie Day January 26, 2015

SANTA BARBARA, CALIF. – Carrillo Plaza, an 18,743-square-foot shopping center in downtown Santa Barbara, has sold to New Group-Santa Barbara LLC for $12.2 million. The center is located at 210 W. Carrillo Blvd. It is anchored by Starbucks. The property was completely renovated over the past four years. The seller, Carrillo Holdings LLC, was represented by Bill Bauman and Kyle Miller of Savills Studley.

January 26, 2015

California Industrial Western

Rexford Industrial Buys Imperial Highway Industrial Portfolio for $12.2M

by Nellie Day January 26, 2015

LOS ANGELES – Rexford Industrial has acquired a 101,000-square-foot industrial property in the Los Angeles submarket of Santa Fe Springs for $12.2 million. The single-tenant building is located at 12907 Imperial Highway. It is fully leased through 2019 via an absolute net-lease arrangement. This is the third asset of a three-property portfolio Rexford has recently acquired. The initial two assets closed this past December.

January 26, 2015

Arizona Hospitality Western

Country Inn & Suites Mesa Sells for $10.9M

by Nellie Day January 26, 2015

MESA, ARIZ. – The 126-room Country Inn & Suites Mesa has sold to KCS Investment for $10.9 million. The hotel is located at 6650 East Superstition Springs Blvd. It is situated at the crossroads of U.S. Route 60 and East Superstition Springs Boulevard, just five miles west of Phoenix-Mesa Gateway Airport. The Country Inn was built in 1998. Gordon Allred, David Greenberg and James Meng of Marcus & Millichap represented both the buyer and seller, Suites of Arizona, in this transaction.

January 26, 2015

California Industrial Western

Oceanside Commerce Center Sells for $7.5M

by Nellie Day January 26, 2015

SAN DIEGO – Oceanside Commerce Center, a 70,000-square-foot industrial center in the San Diego submarket of Oceanside, has sold to SR Commercial for $7.5 million. The center is located at 4747, 4749 and 4751 Oceanside Blvd., and 1818 and 1820 Peacock Blvd. The property was 85 percent occupied at the time of purchase. It was built in 1987. SR Commercial plans to immediately enhance the interiors and exterior. The property was acquired as part of a 1031 exchange. It will be held as a long-term cash-flow asset for SR Commercial. The company was represented by Michael Hartel and Joe Winkelmann of Voit Real Estate Services’ Irvine office. The seller, Bob Voit, was represented by Randy LaChance of Voit Real Estate Services’ San Diego office.

January 26, 2015

Arizona Office Western

Phoenix Heart Buys Talavi Building in Mesa

by Nellie Day January 26, 2015

MESA, ARIZ. – Phoenix Heart, the valley’s leading cardiology group, has purchased the Talavi Building in Mesa for $6.2 million. The 35,904-square-foot building is located at 5859 W. Talavi Blvd., within the Talavi Business Park. Phoenix Heart currently occupies half of the building. The remaining space is fully occupied by tenants like Credit Union West, John C. Lincoln and Wallick & Volk. Phoenix Heart was represented by Marcus Muirhead of Colliers International. The seller, Credit Union West, was represented by JLL’s Brian Ackerman.

January 26, 2015

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