NEW YORK CITY — KZA Realty Group Inc. (KZA) has brokered three commercial real estate deals in the Bronx for a combined total of $3.7 million. KZA represented both seller and buyer in each of the transactions. Uzi Shvut of 699 MP Realty LLC purchased a 21,850-square-foot retail strip center at 699-723 Morris Park Ave. from 699 Morris Park Avenue Corp. for $2 million. At 33 West Tremont Ave., Brightside Academy leased 7,272 square feet of daycare space and 1,500 square feet of outside play area from landlord Atlantic Development. Rent for the initial 10-year term will total $1.6 million. At 1468 Williamsbridge Road, Yonkers Contracting leased 2,500 square feet of second floor office space from landlord Bronx Home.
CLIFTON, N.J. — Glass manufacturer Pilkington North America Inc. has leased 11,000 square feet at 125 Kingsland Ave. in Clifton. The new location is one of nearly 100 Pilkington automotive glass replacement facilities in the United States. Pilkington North America manufactures and markets glass and glazing products for both the automotive and architectural markets. The new Clifton facility will serve customers in a radius of approximately 50 miles, according to Bill Waldron of Pilkington. 1913 Realty Associates owns the building at 125 Kingsland Ave. Andrew Somple of NAI James E. Hanson represented the landlord. Cushman & Wakefield represented Pilkington in the transaction.
HOUSTON — The historic Texaco office building, originally built in 1915, will see new life after 25 years of vacancy. Dallas-based Provident Realty Advisors has acquired the downtown Houston property and will redevelop the building as high-rise apartments. The renovation plans are valued at $95 million, according to the Houston Business Journal, and include 8,000 square feet of ground-floor retail in addition to 309 multifamily units. Hnedak Bobo Group of Memphis will serve as project designer, while a subsidiary of Provident Realty will serve as general contractor.
PLANO AND IRVING, TEXAS — Dallas-based real estate firm American Communities has purchased three Dallas/Fort Worth metro area apartment properties totaling 462 units. Cornerstone Ranch and Laurel Ridge in Plano and Islands West in Irving will be relaunched under the new owner’s Bel Air brand. Mosaic Residential of Houston sold Cornerstone Ranch and Laurel Ridge, while a private investor in Santa Barbara, Calif. sold Islands West. American Communities has acquired seven multifamily properties in the past 18 months.
HOUSTON — NewQuest Epic Investments has acquired the 193,595-square-foot Easton Commons Shopping Center, located at the corner of Highway 6 and West Road in Houston’s Copperfield master-planned community. The property is anchored by Kroger Signature and Studio Movie Grill. The investment arm of full-service retail real estate company NewQuest Properties, NewQuest Epic Investments plans to remodel Easton Commons as part of its value-add strategy.
CORPUS CHRISTI, TEXAS — Fort Worth-based Trademark Property Company has added DSW to the list of tenants at The Shops at La Palmera, a 200,000-square-foot outdoor shopping center in Corpus Christi, located across from super regional mall La Palmera. Construction of the 18,000-square-foot space for DSW is underway, as well as the future homes of Jared the Galleria of Jewelry, Dick’s Sporting Goods, T.J. Maxx and HomeGoods. This will be the first location in Corpus Christi for DSW, which currently operates 376 stores in 42 states, Washington, D.C. and Puerto Rico.
TEMPE, ARIZ. — DCT Industrial Trusthas purchased Broadway Industrial Portfolio, a three-building, 308,038-square-foot portfolio in Tempe, for $22 million. The acquisition includes an 110,000-square-foot building at 1005 W. Alameda Drive; a 96,437-square-foot building at 2910 S. Hardy Drive; and a 101,601-square-foot building at 2925 S. Roosevelt Street. All three buildings are Class A, institutional-quality properties that offer manufacturing, distribution and office space. Notable tenants include United Stationers Supply Co., ACI Plastics, Misty Mate and Triumph Group. Pat Harlan, Steve Sayre and Kyle Westfall of Jones Lang LaSalle will handle the portfolio’s leasing efforts.
RENO, NEV. — Ardagh Group has purchased a 330,000-square-foot, Class A manufacturing facility in the Tahoe Reno Industrial Center for $11.5 million. The property is located at 900 Waltham Way in McCarran, which is just east of Reno. The acquisition also includes two 18-acre parcels on the east and west sides of the building that can be used for future expansion. The glass and metal packaging solutions company will invest $20 million to retrofit the new facility. It hopes to begin production in January 2014. Ardagh was represented by Dave Simonsen, J. Michael Hoeck and Michael Nevis of the NAI Industrial Properties Team. The seller was not named.
PHOENIX — CNL Healthcare Properties has purchased six medical facilities throughout the U.S. for $59.5 million. Four of these facilities are located out West. They include the John C. Lincoln Medical Plaza I and II and North Mountain Medical Plaza in Phoenix, as well as Escondido Medical Arts Center in the San Diego submarket of Escondido. The Phoenix properties contain a total of 73,666 square feet. They are leased to multiple tenants, including John C. Lincoln/Scottsdale Health, which occupies about 45 percent of the buildings. The 49,302-square-foot Escondido Medical Arts Center in Escondido is an outpatient medical office building that is leased to tenants like Graybill Medical Group.The Phoenix properties will be managed and leased by Holladay Properties’ healthcare division. The San Diego facility will be managed by Lincoln Harris CSG, an affiliate of Lincoln Property Company.The remaining properties are located in Ohio and Kansas. The portfolio contains a total of 181,890 square feet throughout a mix of single- and multi-tenant buildings.
BELMONT, CALIF. — Grosvenor Americas has purchased the 195-unit Carlmont Woods Apartments in Belmont for an undisclosed sum. The community is located at 2515 Carlmont Drive just northwest of Silicon Valley. Grosvenor plans to renovate the unit’s interiors and common-area amenities. Carlmont Woods is the firm’s first apartment acquisition in the Bay Area. The property was marketed by Kara Wiard of Eastdil Secured.