HAYWARD, CALIF. — General Forklift & Equipment has leased 40,000 square feet of space at the Clawiter business complex in Hayward. The center is located at 25864 Clawiter Road. Other notable tenants at the center include Berkeley Farms and Gillig Corporation. General Forklift was represented by Richard Sutherland of Sutherland Company. The landlord, Clawiter Associates, was represented by Dan Bergen of Colliers International.
Property Type
CHICAGO — Cushman & Wakefield has brokered the sale of a 377,738-square-foot warehouse facility in Chicago. The property is located at 4500 W. Armitage Ave. Affordable Moving Co., a provider of residential and commercial moving and storage services, will relocate and consolidate its Chicago headquarters to this new location. Brad Weiner, Larry Goldwasser and Colin Green of Cushman & Wakefield represented the seller, Magid Glove and Safety. Weiner, along with Mitch Adams of CBRE, represented the buyer, Affordable Moving Co.
MELBOURNE, FLA. — Faris Lee Investments has completed the $5.7 million sale of ULTA & Shops at Viera, a 14,410-square-foot freestanding retail property in Melbourne, a suburb of Orlando. The newly constructed property is fully leased to ULTA, Hair Cuttery and Subway. This is the third phase in a strategy that Faris Lee has completed on the developer’s behalf for the lifestyle center development, which will total 100,000 square feet of retail space upon completion. Matthew Mousavi, Patrick Luther and Nicholas Coo of Faris Lee Investments represented the seller, a private developer based in Florida, in the transaction. Colliers International represented the buyer, a private investor from San Diego who paid all-cash.
SAN DIEGO — Four C Square, a 64,500-square-foot, mixed-use property in San Diego, has received $5 million in refinancing. The property is located at 428 C Street. It features 28 live-work lofts over ground-floor retail, with Ross Dress for Less as the main tenant. The loan features a 10-year term with five years interest-only and a 30-year amortization schedule. It was arranged by Gardiner Champlin and Marty Meagher of NorthMarq Capital’s San Diego office through the firm’s correspondent relationship with Nationwide Life Insurance Company.
AUSTIN — CBRE has arranged the sale of Centennial Towers on behalf of Braun Enterprise, a Houston-based real estate company. Boston-based Taurus Investment Holdings LLC purchased the asset for an undisclosed price. Centennial Towers is a six-story, 156,293-square-foot office building in the North Central Austin submarket. The tower is 95 percent leased to tenants including KBR, TRC Environmental Corp., The University of Texas and Texas A&M University. Centennial Towers is located at 505 E. Huntland Drive, within walking distance of light rail transit from the Capital MetroRail Highland Station. The property was built in 1986 and has received several updates, including new lighting in 2012 and a conference room renovation in 2014.
EDWARDSVILLE, ILL. — BARBERMurphy Group has arranged the sale of a 25,440-square-foot industrial building in Edwardsville located in southwest Illinois. The property is situated on approximately 6.5 acres located at 5257 State Route 157. Klueter Brothers Concrete Inc. sold the property to CJD Construction Inc. for an undisclosed sales price. BARBERMurphy Group represented the seller in the transaction.
ROCK HILL, S.C. — The Boulder Group has arranged the $3.1 million sale of a single-tenant Dollar General Plus store located at 1333 E. Main St. in Rock Hill, 25 miles south of downtown Charlotte. The 12,480-square-foot store is located across the street from a Food Lion approximately one mile from I-77. Dollar General has more than 13 years remaining on its lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest-based real estate investment firm, in the transaction. The buyer, a South Carolina-based investor, purchased the asset in a 1031 tax-deferred exchange.
TUCSON, ARIZ. — Retail Service Systems has leased 18,424 square feet in Tucson. The space is located at 1150 S. Plumer Ave. The landlord, Antonio Gonzalez, was represented by Paul Hooker and Ron Zimmerman of Cushman & Wakefield | PICOR.
ELKRIDGE, MD. — The U.S. Green Building Council (USGBC) has awarded LEED Platinum certification to Verde at Howard Square in Elkridge, making the 299-unit property the first LEED Platinum-certified apartment community in Maryland. The community’s sustainable features include a 43 percent reduction in water usage, 40 percent overall energy savings, diverting 91 percent of the construction waste, implementing a green cleaning program, employing an integrated pest management program and the use of solar panels, which generate 15 percent of the total power consumed. The property is owned by Howard Square Residential Holdings LLC, a joint venture between The Dolben Co. and Atapco Properties. Verde at Howard Square is the first multifamily property designed for the 47-acre Howard Square mixed-use development in Maryland’s Howard County.
ALBANY, N.Y. — Eastern Consolidated has arranged the off-market sale of 677 Broadway in Albany. Shelbourne Capitol LLC purchased the 180,000-square-foot office tower for $34.5 million, in a two-part transaction that included a $1.5 million land lease and the $33 million leasehold on the property. The 12-story, Class A office property features a 900-car parking garage owned by the City of Albany Parking Authority, a redundant fiber service, a Building Management System (BMS) to monitor all building and tenant HVAC equipment, an uninterrupted power source system and an emergency generator. Gabriel Saffioti and Nicole Rabinowitsch of Eastern Consolidated represented the buyer, while Ben Tapper and Michael Coghill, also of Eastern Consolidated, represented the seller, Albany-based Columbia 667 LLC, in the transaction.