DETROIT, MICH. — NAI Farbman has arranged a 3,205-square-foot office lease for The Public Lighting Authority of Detroit at Cadillac Tower. Located at 65 Cadillac Square, Cadillac Tower is a 40-story, 350,000-square-foot Class B office building. The tower is in Detroit’s central business district. Paul DeBono of NAI Farbman represented the landlord, Cadillac Tower MI LLC, and the tenant.
Property Type
JACKSON, MICH. — Colliers International Detroit has arranged a 5,400-square-foot retail lease for Once Upon a Child, a children’s resale franchise, in Jackson. The space is in Wisner Plaza, located at 1000 N. Wisner St. Kent Butler of Colliers represented the tenant. Max Goldman and Matthew Seeley of Colliers represented the landlord, Wedge Investments Inc., in the lease transaction. Retailer Once Upon a Child buys and sells gently used clothing and baby supplies.
NEW YORK CITY — Zeckendorf Development, Eyal Ofer’s Global Holdings and Park Sixty LLC, an entity formed by Rafael and Ezra Nasser, are developing 520 Park Avenue, a 51-story residential tower in Manhattan. The development is located at East 60th Street between Park and Madison avenues on the Upper East Side. The property will feature 31 residences and 4,000 square feet of ground-floor retail. The building will be entirely clad in Indiana limestone articulated with French balconies and stone detailing evocative of New York apartment buildings in the 1920s and 1930s. Construction is slated for an early 2017 completion.
NEW HAVEN, CONN. — O,R&L Commercial has arranged the $2.8 million sale of an office building located at 495 and 517 Congress Ave. in New Haven. Frank Hird of O,R&L Commercial represented the sellers, 495 Congress LP and Mortgage Investors V LLC, in the transaction. Steve Miller of Levey Miller Maretz LLC represented the buyer, The APT Foundation. The 27,640-square-foot property was originally constructed in 1884 and used as a school. APT was a tenant in the building and will continue to use the property for its programs.
LAKE GEORGE, N.Y. — Sobert Realty Corp. is renovating and expanding Lake George Plaza from 52,000 square feet to 102,000 square feet. The retail property will become known as The Outlets at Lake George following its grand opening in August. It will be constructed in a clapboard style indigenous to architecture of the upstate region. Current tenants include Polo Ralph Lauren Factory Store, Nautica, Levi's, Bass, Van Heusen and more.
CLIFTON, N.J. — Cushman & Wakefield has arranged a 75,000-square-foot industrial lease for Global Experience Specialists (GES) at 203 Kuller Road in Clifton. Known globally as GES, the producer of trade shows, exhibits, events, retail spaces and entertainment experiences will relocate its New York metro area operation within the Northern New Jersey marketplace. Stephen Elman, Jules Nissim and Stan Danzig of Cushman & Wakefield’s East Rutherford, N.J., office represented GES in the transaction. Noah Balanoff and Tom Monahan of CBRE represented landlord, Prologis. The multi-tenant warehouse facility totals 330,000 square feet.
UVALDE, TEXAS — Stan Johnson Co. has brokered the sale of a 41,000-square-foot retail property in Uvalde, a city situated approximately 80 miles west of San Antonio. The multi-tenant property houses Tractor Supply Company and Dollar General and is close to other retailers including HEB, Bank of America and AutoZone. Todd Moore and Jim Gibson of Stan Johnson Co. represented the seller, a private investor, as well as the buyer, a New York-based developer.
HOUSTON — NAI Houston has arranged a 102,000-square-foot industrial lease in Houston for Niavo Gulf Industries Inc., a manufacturer of cryogenic tanks used in the oil and gas industries. The tenant will occupy the property located at 12300 Amelia Drive, which is situated in the southern suburbs near State Highway 288. Clay Pritchett of NAI Houston represented the landlord, National Property Holdings LP, in the negotiations. LeDon Wissner and Carolyn Fincher of Smith Raines Co. represented Niavo Gulf Industries.
LEWISVILLE, TEXAS — The Weitzman Group has arranged a 25,631-square-foot retail lease in Lewisville for Half of Half Name Brand Clothing. The tenant will occupy space within Lakepointe Crossing, a shopping center located at 2416 S. Stemmons Freeway, in proximity to Vista Ridge Mall and the interchange of I-35 and the Sam Rayburn Tollway. Half of Half joins a tenant roster that includes Academy Sports + Outdoors, Conn’s, Garden Ridge, Toys “R” Us, David’s Bridal and Pier 1 Imports. Blake Shipp and Ian Laskowski of The Weitzman Group represented the landlord in the negotiations. Jenco Realty inc. represented Half of Half.
OCEANSIDE, CALIF. — Flags on Mission Shopping Center, a 107,600-square-foot retail center in Oceanside, has sold to Doerken Properties Inc. for $12.6 million. The center is located at 1527 Mission Ave. Marc Dudzik and Bo Havlik of Lee & Associates – North San Diego County represented both the buyer and seller, Mission Avenue Investors, in this transaction.