GARLAND, TEXAS — LaBodega Meat has renewed its lease of 96,000 square feet at Logistics Pointe/Garland for another 15 years. The wholesale grocery and meat business will remain at 2600 McCree Road in Garland, adjacent to Interstate 35. Westmount Realty Capital, which owns the property, and LaBodega together will make an investment of nearly $10 million during the next two years in improvements and new bakery equipment. David Sours and Kevin Kelly of CBRE represented the tenant.
Property Type
TUCSON, ARIZ. — Villas at Roger Road, a 232-unit apartment complex in Tucson, has sold to Equilibrium Villas LLC for $5.6 million. The community is located at 3985 N. Stone Ave. Bill Hahn, Jeffrey Sherman and Trevor Koskovich of Colliers HSK Multifamily represented both the buyer and the seller, Blue Valley Apartments, in this transaction.
PHOENIX – The 200-unit Camelback Vista apartment community in Phoenix has sold to La Fuente de la Comunidad LLC for $5.1 million. The community is located at 2930 W. Camelback Road, near Grand Canyon University. La Fuente was represented by Todd Noel of Colliers International in Phoenix. The seller, a Texas-based private investor, was represented by Rich Butler, Brian Tranetzki, Cliff David and Steve Gebin of Marcus & Millichap’s Phoenix office.
LONE TREE, COLO. — Lone Tree Town Center, a 14,408-square-foot retail property, has sold to an unnamed buyer for $2.8 million. The center is located at 7824 Park Meadows Drive in Lone Tree. It is fully occupied by five tenants. The buyer was represented by Matt Ritter, Cody Stambaugh and Peter Sengelmann of Pinnacle Real Estate Advisor. The seller was based out of state.
SAN DIEGO – A 14,045-square-foot industrial building in San Diego has sold to Highland Medical Packaging LLC for $2.2 million. The building is located at 4653 Mercury Street. Highland Medical was represented by Brant Aberg and Bryce Aberg of Cassidy Turley. The seller, Mercury Street Property LLC, was represented by Randy LaChance and Glen Volk of Voit Real Estate Services.
SANTA CLARA, CALIF. – A 25,545-square-foot Sprouts Farmers Market has opened at the Santa Clara Town Centre. Sprouts is located at 2060 El Camino Real. Fellow tenants at the center include Target, Peet’s Coffee & Tea, Panera Bread, Chipotle, Peninsula Beauty Supply, Footwear, Etc., and The Habit Burger Grill. The supermarket was represented by Bob Berndt and Sarah Edwards of SRS Real Estate Partners. The landlord, Byer Properties, L.P., was represented by Mike Messinger and David Taxin of Meacham and Oppenheimer.
SILVER SPRING, MD. — Washington Property Co. (WPC) and Montgomery County have signed an agreement to develop Progress Place, a homeless services center that will be located at 8110 Georgia Ave. in Silver Spring. The new facility is scheduled to break ground in a year, according to WPC. The first three floors of the facility will service the county’s homeless community and the fourth floor will feature 21 personal living quarters for individuals transitioning into permanent housing. Under the terms of the recently signed agreement, WPC will build Progress Place at no cost to the county and the county will operate the facility. WPC will obtain the deed to three contiguous land parcels totaling about 1.5 acres in exchange. The site of the current Progress Place sits in that parcel, which is located adjacent to WPC’s new Solaire-Silver Spring property at 1150 Ripley St.
TAMPA, FLA. — Franklin Street has arranged the $6.4 million sale of Sunset Square Apartments, a two-story multifamily community in north Tampa. The asset is located across the street from the University of South Florida (USF) at 12708 Bruce B. Downs Blvd. Robert Goldfinger, Darron Kattan, Kevin Kelleher and Zach Ames of Franklin Street represented the buyer, Gainesville, Fla.-based Collier Cos., in the transaction. The Franklin Street team also represented the seller, Sunset Square Blackhawk Realty Advisors. Collier Cos. plans to demolish the 1960s-era apartment complex and develop a student housing community serving USF students.
MIAMI — Salazar Jackson LLP has closed on the $1.6 million sale of a 22-unit apartment community located at 747 N.E. 83rd Terrace in Miami. Linda Worton Jackson of Salazar Jackson counseled the bankruptcy trustee, Maria Yip, in the transaction, which was conducted via a bankruptcy auction. 747 Property LLC won the bid for the apartment community. Sperry Van Ness Commercial Realty brokered the sale. U.S. Bankruptcy Judge A. Jay Cristol approved the sale at a June 18 hearing.
WINTER SPRINGS, FLA. — Avison Young has brokered the $1.4 million sale of Tuskawilla Professional Offices, a 20,000-square-foot, three-story office building located at 1030 Spring Villas Point in Winter Springs. David Duckworth of Avison Young represented the seller, AHM INV LLC, in the transaction. The buyer was DPN USA LLC.