GRAPEVINE, TEXAS — America’s Best Contacts & Eyeglasses has leased a 4,610-square-foot space at Grapevine Towne Center, located at 1217 W. Highway 114 in Grapevine, a suburb of Dallas. Other tenants at the location include Target, Ross Dress for Less, Bealls, Office Depot and Cost Plus World Market. America’s Best Contacts & Eyeglasses is headquartered in metro Atlanta and has more than 350 locations across the United States. Dawn Greiner and Ryan Johnson of SRS Real Estate Partners, along with Kathryn Bieber Knoll of Cassidy Turley, represented the tenant in the transaction. Matt Luedtke of The Weitzman Group represented the landlord, Grapevine/Tate Joint Venture.
HOUSTON — Mitsubishi Caterpillar Forklift America Inc. has expanded, moving into 15,870 square feet of warehouse space located at 1812 Brittmoore Road, Suite 200, in Houston. Jon L. Michael and Ed Bane of NAI Houston arranged the transaction on behalf of the landlord, IndCor Properties Inc. Jeff Klaasen of Kwekel Cos. represented the unnamed tenant.
FRANKFORT, ILL. — Inland Real Estate Corp. has acquired Prairie Crossings in Frankfort, an affluent southwest suburb of Chicago, for $24.7 million. Inland purchased the property in cash, excluding closing costs and adjustments from the seller, Beachwood, Ohio-based Chase Properties. The Prairie Crossings acquisition consists of approximately 109,000 square feet of gross leasable area, including more than 83,000 square feet of inline retail space, plus two multi-tenant outlot buildings. The power center is currently 99 percent leased. Bed Bath & Beyond, Sports Authority and Office Depot anchor the shopping center, which is shadow-anchored by Kohl’s. Other tenants include Famous Footwear, Panera Bread, Chipotle, Red Mango, Game Stop, Sleepy’s, Massage Envy and Spa and Hair Cuttery, among others.
GLEN ELLYN, ILL. — Mid-America Real Estate Corp. has brokered the sale of The Fresh Market Center in Glen Ellyn, a suburb in metro Chicago. New York-based American Realty Capital Properties Inc. purchased the 30,877-square-foot center for an undisclosed sales price. The Fresh Market Center is located at the southwest quadrant of Roosevelt and Lambert roads. The Fresh Market anchors the shopping center. Tenants include Firehouse Subs, Great Clips, Tide Dry Cleaners and European Wax Center. Joe Girardi and Rick Drogosz of Mid-America represented the seller, Minnetonka, Minn.-based Opus Development Company LLC.
COLUMBUS, OHIO — Cassidy Turley has arranged the lease of 12,765 square feet of office space in Columbus. New York-based CT Corp. has renewed its lease with Equity Office Properties at 4400 Easton Commons, Suite 125. Built in 2005, the office building in northeast Columbus has easy access to Interstate 71, Interstate 270 and Interstate 670. The property is less than a mile from Port Columbus International Airport. Randy Stephens and Brian Douglas represented CT Corp. in the transaction. Tyler Owens and Mark Friedman of Colliers International represented Chicago-based Equity Office Properties.
DENVER — IMT Capital has acquired the 338-unit Alta Alameda Station in Denver for an undisclosed sum. The LEED-Gold-certified community is located at 275 S. Cherokee Street in the Baker neighborhood. The Baker neighborhood, just west of South Broadway, hasn’t received any new housing development in 10 years, according to Alta Alameda’s seller, Wood Partners. Alta Alameda was completed this past July. It is currently more than 90 percent occupied. The community sits across the street from the Alameda Light Rail station, which provides access to Downtown Denver and the Denver Tech Center. The site was previously home to a canning facility that provided rations during World War II, a Coors bottling plant and the Denver Studio complex. IMT Capital purchased this community with its affiliate, IMT Residential. Wood Partners is currently building three other luxury apartment communities in the Denver metro area, including Alta City House next to Union Station, Alta Harvest Station in Broomfield and Alta Cherry Hills in Englewood.
SAN DIEGO – McDonald Property Group and an entity owned by First Industrial Realty Trust have announced plans to develop La Pacifica II, a 237,275-square-foot industrial park in Oceanside. The $26-million project will be the first speculative industrial construction to occur in North San Diego since 2008, according to the developers. The three-building project will be located on a 15.8-acre site within the master-planned Ocean Ranch business park. It will be situated off Interstate 5 and Oceanside Boulevard. Ocean Ranch is also home to Coca Cola, Taylor Made and Genentech, among others. US Foods and FedEx will soon occupy space within the immediate area as well. The new project will feature three light warehouse manufacturing buildings that contain 108,413 square feet, 63,262 square feet and 65,600 square feet. This will be the first development project for McDonald Property Group, a company formed by Bruce McDonald in 2013. First Industrial Financing Partnership acquired the fully improved and entitled site from La Pacifica 2-Ocean Ranch LLC, an entity owned by Cruzan Monroe Investments, this past September for $9.6 million. La Pacifica 2-Ocean Ranch was represented by Aric Stark and Dennis Visser of Cassidy Turley in the sales transaction. The land was sourced …
AVALON, ARIZ. – Alliance Realty Partners has acquired the Village at Gateway Pavilions, a 240-unit apartment community in Avalon, for $23.1 million. The Class A community is located at 1700 N. 103rd Ave. The Village at Gateway was built in 2004 near the intersection of Interstate 10 and the Loop 101 freeway. Community amenities include a clubhouse with kitchen, fitness center, business center, resort-style pool and spa, children’s playground and community volleyball court. The seller, PEM Real Estate Group, was represented by David Fogler and Steven Nicoluzakis of Cassidy Turley.
PHOENIX – A subsidiary of Griffin Opportunities has acquired a 145,000-square-foot flex-office showroom development in the Phoenix submarket of Deer Valley for $21.6 million. The building is located at 2851 W. Kathleen Road. The 9.5-acre property was developed in 1988 and renovated in 2009. It is fully leased to building technologies company Climatec. The subsidiary was represented by Ben Prater of Colliers International. The seller, Intravest 2851 Kathleen LLC, was represented by Bob Lundstedt and Chris Rogers of Daum. This is Griffin Opportunities’ first investment in Deer Valley. It also represents the largest transaction in the Deer Valley submarket so far this year, according to Daum.
SAN FRANCISCO — Uber Technologies has leased 77,600 square feet at the Monadnock Building in Downtown San Francisco. The 205,000-square-foot building is located at 685 Market Street. Uber will occupy four floors. The Monadnock Building was originally constructed in 1907. It is situated near Uber’s other San Francisco offices. It also offers employees easy access to the BART and MUNI. The property is within walking distance of Union Square. Uber will occupy this space by the end of the year. The landlord, Brookfield Property Partners, was represented by Chris Roeder, Jak Churton and Tom Doupe of Jones Lang LaSalle.