FORT WORTH, TEXAS — CBRE has brokered the sale of Eastchase Market, a 265,097-square-foot power retail center in Fort Worth. The property was 96.2 percent occupied at the time of the sale by national retailers such as Ross, Marshalls, Spec’s Office Depot, Dollar Tree, Burke’s Outlet and AMC Theatres. Located at 1600 Eastchase Parkway, the asset is in close proximity to Interstate 30. Chris Cozby, Chris Gerard and Kevin Holland of CBRE marketed the property on behalf of the seller. Phoenix-based Cole Real Estate Investments purchased the center.
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SAN ANTONIO — Berkadia Commercial Mortgage LLC has arranged an $11.7 million loan for the acquisition of the Retreat at Hart Ranch, a 280-unit apartment property in San Antonio. Previously known as De Zavala Park, the single-building community is located on 12 acres at 6061 De Zavala Road. The property offers one- and two-bedroom units, as well as a fitness center, pool and courtyard, and was 95 percent occupied at the time of the sale. Andy Hill of Berkadia secured the seven-year, floating-rate loan on behalf of borrower Allen Harrison Co. LLC through Freddie Mac.
DALLAS — Johnson Capital has arranged a $5.4 million loan for the acquisition of Eban Village I & II, a 330-unit multifamily community in Dallas. Located on 15 acres along Grand Avenue near Malcolm X Boulevard, the complex offers affordable housing to low- to middle-income families and individuals in the Fair Park neighborhood. The property includes 19 garden-style buildings as well as separate laundry facilities, a leasing office and a community center used for day care. Jason Pumpelly of Johnson secured the loan for non-profit borrower Hope Housing Foundation through a regional bank.
SAN ANTONIO — HREC Investment Advisors has brokered the sale of Hawthorn Suites North East, a 12-suite, extended-stay hotel in San Antonio. The property is located off Highway 1604, in proximity to Randolph Air Force Base and San Antonio International Airport, as well as attractions such as SeaWorld San Antonio, Six Flags Fiesta Texas and HemisFair Park. Hank Wolpert and Geoff Davis of HREC marketed the property on behalf of the seller, Live Oak Lodging LP. Jacobs East Loop LLC, an affiliate of Jacobs Real Estate Advisors, purchased the property via the Auction.com platform.
SAN FRANCISCO — Intuit Inc. has signed a long-term lease for about 200,000 square feet of space in Downtown San Francisco. The building is located at 22 Fourth Street. Demandforce, a division of Intuit’s Small Business segment, will occupy the property’s entire office portion. The Container Store currently occupies 29,245 square feet of retail space on the building’s first two floors. Intuit was represented by Bart Lammersen, Paul Bryant and Chris Holland of Jones Lang LaSalle. The landlord, Jamestown, was represented by Wes Powell and Karen Wells from the same firm.
HOLLYWOOD, CALIF. — Todd-Soundelux, LLC has signed a 12-year lease renewal for a 40,315-square-foot office space in Hollywood. The property is located at 900 Seward Street in the city’s production corridor. The post-production sound company’s Todd AO Studios operates out of the facility. The company was represented by Arlene Sommer and Mark Robinson of Cushman & Wakefield. The landlord, Vista Investment Group, was represented by John Tronson and Steven Tronson of Avison Young.
LOS ANGELES – A nine-unit apartment building in West Los Angeles has sold to Tai On Investments, LLC for $3 million. The community is located at 11235 Richland Ave. It was built in 1987. Michel Hibbert of Charles Dunn Company represented both the buyer and the seller, KWP Investments, in this transaction.
SUNNYVALE, CALIF. — Lane Partners has acquired a 508,946-square-foot office portfolio in Sunnyvale for a reported $127 million. The 16-building office and R&D portfolio is primarily located in the Peery Park submarket. It was 94 percent leased at the time of sale. One-third of the portfolio was leased to Apple.The seller, a global investment manager, was represented by CBRE’s Joseph Moriarty, Russell Ingrum, Sean Sullivan, Tyler Meyerdirk and Brad Zampa.
LOS ANGELES – The 39-acre site of the future Pacific Business Center, an industrial development in the Los Angeles submarket of Bell, has received $73.8 million in financing. The funds will be used to acquire and develop the project. The site was acquired by Pacific Industrial for more than $44 million. It will be located at 5600 Rickenbacker next to the 710 Freeway. The land was the former World War II Cheli Air Force Base GSA site. It was entitled for 840,390 square feet of development. Pacific Industrial plans to develop a three-building, Class A industrial campus totaling about 550,000 square feet in the first phase of development. Construction will commence immediately and is scheduled for completion next October. The seller, the City of Bell, was represented by CBRE’s John Privett and Cameron Merrill. The non-recourse loan was arranged by HFF’s Brian Torp and Don Curtis through a global investment firm.
MOUNTAIN VIEW, CALIF. – Mountain Bay Plaza, a 165,390-square-foot office tower in downtown Mountain View, has received $55 million in refinancing. The Class A tower is located at 444 Castro in Silicon Valley. It was 97 percent leased to tenants like Fenwick & West, Red Hat, PricewaterhouseCoopers and Bank of America. The fixed-rate loan was arranged by HFF’sBruce Ganong and Walter Chui on behalf of The Swig Company. The loan was placed with John Hancock Real Estate.