MINNEAPOLIS — Mid-America Real Estate has arranged the lease of a 6,400-square-foot retail space in Minneapolis. Merchant, which will be the first restaurant by acclaimed Chef Gavin Kaysen, will occupy space at 211 N. 1st St. The new restaurant is expected to open in November 2014. Carrie Charleston of Mid-America represented Merchant in the transaction.
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SCOTTSDALE, ARIZ. — Hayden Crossing, a 63,446-square-foot neighborhood retail center in Scottsdale, has sold to 919 Hillsdale LLC for $14 million. The center is located at 8015-8035 E. Indian School Road. Notable net lease tenants include Bashas’ and Walgreens. The seller, Hayden Crossing Shopping Center LLC, was represented by Ryan Schubert and Michael Hackett of Cassidy Turley’s Retail Capital Markets Group.
SANTA ANA, CALIF. – A 105,199-square-foot office property in Santa Ana has sold to BW America Development LLC for $12 million. The building is located at 901 Civic Center Drive. It was only 8.2 percent occupied at the time of sale. The seller, Civic Center Professional Building Inc., was represented by Tom Nguyen of NAI Capital’s Asia Pacific Group.
FRESNO, CALIF. — Mission Village, a 52,950-square-foot shopping center in Fresno, has sold to MCS Guardian Properties LLC for $8 million. The center is located at 335-393 E. Shaw Avenue, and 4965 and 4987 N. Fresno Street. It is anchored by a new 24-Hour CVS/pharmacy. The center was built in 1979. It is 83 percent occupied. MCS Guardian was represented by Greg Bethke of Manco Abbott. The seller, a private Orange County investment company, was represented by Eric P. Wohl of Hanley Investment Group Real Estate Advisors.
SAN FRANCISCO – A 1,800-square-foot retail building in San Francisco has sold to JSRE Acquisitions for $4.3 million. The building is located at 69 Maiden Lane. It is the smallest building in the city’s Union Square District. The space is occupied by Bistro 69 Café. It will be vacant this fall. JSRE was represented by Tim Maas, Tony Crossley and Frank Wheeler of Colliers International.
PALM DESERT, CALIF. – Flooring Innovationshas leased a 15,800-square-foot retail building in Palm Desert. The space is located on Highway 111 at Deep Canyon. The lease was valued at $2.7 million. Kathleen Howard of NAI Capital’s Palm Desert office represented both the tenant and the landlord, CVS Drugs, in this transaction.
PLANO, TEXAS – Hilton Worldwide has opened the Hilton Dallas/Plano Granite Park hotel, a 299-unit Hilton Hotels & Resorts property, in the Granite Park master-planned community just north of Dallas. Granite Park is a 90-acre mixed-use development located at the intersection of the Sam Rayburn Tollway and Dallas North Tollway. Companies with a presence in the area include Hewlett Packard, Dr. Pepper/Snapple Group, PepsiCo, Siemens and J.C. Penny. BOKA Powell was the architect for the hotel. Amenities at the hotel include the on-site Carso Mediterranean Grill, a fitness center and pool. The hotel also attaches to a 30,000-square-foot conference center.
MCKINNEY, TEXAS – London-based Barclays Bank has selected McKinney for the site of a new technology center. Barclays is a Global Fortune 500 company offering services including personal banking, credit cards and investments. The company will move into the McKinney Corporate Center 1 building at Craig Ranch. Barclays Technology Center will occupy more than 40,000 square feet of Class A office space at 6800 Weiskopf Ave. Barclays has been working on the deal since last December and expects to move into the space later this fall.
CYPRESS, TEXAS – A San Antonio-based self-storage developer has purchased 3.29 acres on Spring Cypress Road in Cypress with plans to build a three-story, 110,000-square-foot self-storage facility late this year. Brian Cisarik, Robert Loeb and Jeff Bailey with SurePoint Self Storage worked to arrange the sale. The group already has five facilities in San Antonio. Houston-based developer Bobby Grover is partnering with Cisarik, Loeb and Bailey.
ARLINGTON, TEXAS – Marcus & Millichap has arranged the sale of O’Reilly Auto Retail Strip, a 19,840-square-foot retail property in Arlington. Jason Vitorino with Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a limited liability company. An outside Texas broker represented the buyer, a 1031 exchange investor from the West Coast. The center was 93 percent occupied at the time of sale. O’Reilly Auto Retail Strip is located at 629 West Pioneer Pkwy. in Arlington, just off Matlock Road.