DOWNERS GROVE, ILL. — Bradford Allen Realty Services has arranged a 17,000-square-foot lease on behalf of Residential Home Health in Downers Grove. The provider of home, health and hospice services will occupy space located at 1431 Opus Place in the Executive Towers West I building. The company is relocating to Executive Towers West I from 40 Shuman Blvd. in Naperville, Ill. Joel Berger of Bradford Allen Realty Services and Troy, Mich.-based Skyline Properties represented Residential Home Health. John Norris, John Clark and Rob Lundin of Newmark Grubb Knight Frank represented ownership in the lease transaction.
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ISSAQUAH, WASH. — Costco Wholesale Corporation has leased 176,656 square feet of office space at Sammamish Parkplace in Issaquah. The facility is located one block east of East Lake Sammamish Parkway. It sits adjacent to 220th Avenue. The lease represents an expansion for Costco, which has been headquartered in Issaquah since 1995. The wholesale retailer also operates a 150,000-square-foot membership warehouse at 1801 10th Ave. West within the city. The three-building Sammamish Parkplace contains a total of 586,823 square feet. Microsoft occupies the other two buildings. The center is owned by Vulcan Real Estate.
PHOENIX — Stockbridge Funds has acquired St. Luke’s Medical Building, a 49,816-square-foot medical office building in Phoenix, for $8.4 million. The building is located at 555 North 18th Street in the downtown area. It sits adjacent to St. Luke’s Medical Center. The facility was built in 2006. It is currently 86 percent leased. Eric Wichterman and Mike Coover of Cassidy Turley represented both the buyer and seller.
PHOENIX – The 137-unit Villa Serena apartment complex in Phoenix has sold to Janet LePage for $6.4 million. The Class B community is located at 4221 W. Dunlap Ave. It was built in 1982. Bill Hahn, Jeffrey Sherman and Trevor Koskovich of Colliers International’s HSK Multifamily represented both the buyer and seller, Bligh Group LLC, in this transaction.
SAN JACINTO, CALIF. – Circle K Stores has broken ground on a 4,500-square-fot convenience store in San Jacinto. The store will be located at 1450 S. Sanderson Ave. It will offer fresh food, a gas station with eight fuel pumps and a self-serve carwash. The new store will open later this year. The new Circle K facility represents phase one of Esplanade Commons a 90,000-square-foot, mixed-use shopping center that is being developed by Southland Development Company and RoBott Land Company.
SAN ANTONIO — Institutional Property Advisors has arranged the sale of a 328-unit apartment complex in San Antonio. The name of the property and transaction details were undisclosed. Will Balthrope of IPA represented both parties in the transaction. The property was built in the mid-2000s and is located in San Antonio. Amenities include a pool, gym, tanning studio and business center.
BURLESON, TEXAS — Bob Moore Construction has completed an 89,581-square-foot cold storage distribution center in Burleson, 11 miles southwest of Fort Worth. The distribution center is part of the new HighPoint Business Park and will serve Chicken Express, a Texas-based fried chicken restaurant chain founded in 1988. The building features tilt-up construction on three sides, with insulated metal panels for the fourth wall, and four interior partitions of the freezer and cold dock area. Chicken Express has 200 locations in Texas, Oklahoma, Georgia, Arkansas and Louisiana.
HOUSTON — Cassidy Turley has arranged the lease of San Felipe Plaza’s 45th floor to AkinMears GP on behalf of Parkway Properties Inc. The 19,985-square-foot transaction brings San Felipe Plaza to 90 percent occupancy. The 46-story building is located at 5847 San Felipe St. in Houston’s San Felipe and Voss submarket. Parkway Properties bought the property as part of a merger with Thomas Properties Group in 2013. Eric Siegrist and J.P. Hutcheson of Cassidy Turley represented Parkway, while Jay Kyle of Colliers International represented AkinMears.
AUSTIN — CBRE Capital Markets has arranged the sale of an .87-acre Austin retail parcel with a long-term ground lease to Wells Fargo Bank. A private investor from Wyoming purchased the building located at 1145 Airport Blvd. near the 711-acre Mueller redevelopment. Walter Saad, Cathy Nabours and Logan Reichle of CBRE represented the seller, an Austin-based private investment partnership. The property is 100 percent occupied with 13 years remaining on a 20-year ground lease. Wells Fargo renovated the building in 2007.
DALLAS — Colliers International has arranged the sale of two North Texas properties through Auction.com to two separate unnamed buyers. The properties are Oakwood Apartments in Fort Worth and Hacienda Villa Apartments in Greenville. Oakwood Apartments is a 216-unit complex located on 6351 Vega Drive. Hacienda Villa is a 100-unit apartment complex located at 1600 Joe Ramsey Blvd. Mark Freeman and Bob Helterbran of Colliers International North Texas arranged the transactions.