YONKERS, N.Y. — Marcus & Millichap has arranged the $750,000 sale of an eight-unit apartment property located at 27 Pelton St. in Yonkers. Harry Delany of Marcus & Millichap's Manhattan office represented the seller, a large banking institution, in the transaction. Delany also secured and represented the buyer, a private investor.
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PARSIPPANY, N.J. — Colliers International has arranged leases of more than 26,000 square feet of office space in northern and central New Jersey. The transactions include The Western Institutional Review Board leasing 7,048 square feet at 202 Carnegie Center in Princeton. Kevin Coleman of Colliers International represented the tenant, and Boston Properties represented the landlord, Princeton 202 Associates Limited Partnership. Bryn Cinque and James Bailey of Colliers represented HNTB Corp. in its 7,026-square-foot lease at 1 Gateway Center in Newark. Advance Realty is the landlord of the property. Cinque, Bailey and Jay Kyle of Colliers International represented Crown Castle USA Inc. in its 6,451-square-foot lease extension at 1200 MacArthur Blvd in Mahwah. MRH Real Estate Services represented the landlord, Marcon Mahwah LLC. Cinque, Baily and Leslie Meril of Colliers International represented the landlord, Normandy Real Estate Partners, in its lease deal with HealthLogix at 99 Cherry Hill Road in Parsippany. Harlan Hollander of Cushman & Wakefield represented the tenant in its 6,223-square-foot lease extension.
FORT WORTH — Commercial real estate services firm Lee & Associates has arranged the lease of 130,095 square feet of industrial space for Dollamur Sport Surfaces, a manufacturer of athletic mats. The leased property is located at 1734 E El Paso Street in Fort Worth. Becky Thompson of Lee & Associates represented the tenant, while Ryan Wood of Conti Warehouses represented the landlord, Conti RSB LLC.
DILLEY, TEXAS — Marcus & Millichap has brokered the sale of Sandia Apartments, a 25-unit property in Dilley, approximately 70 miles southwest of San Antonio. The complex, built in 1995, offers one-, two- and three-bedroom floorplans plus a clothes care facility and swimming pool. Moses Siller of Marcus & Millichap’s San Antonio office represented the seller, a private investor, and also secured the buyer, a private investor.
HOUSTON — NAI Houston and Boyd Commercial have arranged the lease of a 67,500-square-foot crane-served heavy manufacturing building in Houston’s Northeast Inner Loop industrial submarket to Global Tech & Motor Controls Inc. The electric motor and generator manufacturer primarily serves clients in the marine, offshore and land drilling industries. Clay Pritchett of NAI Houston and Clay Peeples of Boyd represented the landlord, 525 McCarty LLC, in the agreement, which was a direct deal with the tenant.
AUSTIN — SouthStar Communities, a residential real estate development company, will relocate its corporate headquarters to Austin. The firm is known for master-planned communities throughout the Southern U.S., including Vintage Oaks in New Braunfels, the fastest-growing neighborhood in the 25-county South-Central Texas Hill Country region. SouthStar’s new office is located near the intersection of Highway 360 and Bee Cave Road.
RIVERSIDE, CALIF. – The 208-unit View Pointe Apartments in Riverside has sold to DLPG Real Estate Investment Fund for $32 million. The community is located at 5059 Quail Run Road in the submarket of Canyon Crest. It is less than a mile from the University of California, Riverside. The seller, a private Bay Area investment group, was represented by Dean Zander, Vince Norris and Spencer Scott of Hendricks-Berkadia.
CAMPBELL, CALIF. – The 225-unit Kirkwood Village Apartments in Campbell has received a $25-million refinance. The fully leased community was built in the early 1960s. It is located at 1630 W Campbell Ave. in the San Jose suburb. The long-term, fixed-rate loan was secured by Kenneth M. Fox in Cohen Financial’s San Francisco office on behalf of the local real estate investor/owner/developer. It was funded by Lincoln Financial Group.
PARK CITY, UTAH — Summit Center, an 83,000-square-foot retail and office complex in Park City, has sold to Kai’Ohu Summit for an undisclosed sum. This is Kai’Ohu’s first commercial acquisition in Utah. The six-building center is located at 2700 Rasmussen Road. It is home to tenants like EMC2, iSchool Campus, and CrossFit Park City. The transaction was executed by Bryce Blanchard of Newmark Grubb ACRES.
REDLANDS, CALIF. – A 96,997-square-foot portion of thePavilion at Redlands shopping center has sold to a Chinese private investor for $17.7 million. The portion that sold is located at 2054-1094 Redlands Blvd. This part of the property contains a 52,924-square-foot Food 4 Less, in addition to about 20 smaller retailers, including Payless Shoe Source, Verizon, GameStop, Little Ceasers, Metro PCS, H&R Block and Supercuts. The property is currently 99 percent leased. CBRE’s Dennis Zhangrepresented the all-cash buyer. The sellerwas an affiliate of Foothill Village Property, LP.