STAMFORD, CONN. — Monroe Turnpike Associates has sold its a one-story, 13,254-square-foot retail building in Stamford for $3.3 million or $247 per square foot. Al Mirin and Kate Schwartz of Cushman & Wakefield represented the seller, Monroe Turnpike Associates, in the sale to Parkway Plaza LLC. The property is situated on 2.3 acres at 447 Monroe Turnpike. Tenants at the property include Dunkin’ Donuts, a 25-year tenant, as well as Subway, KoKo FitClub, Monroe Cleaners, FM One Stop, C&J Cards and Linda’s Storytime.
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CARLISLE, PA. — Cushman & Wakefield has arranged the sale of 1 and 2 Ames Drive in Carlisle, located about 22 miles southwest of Harrisburg, Pa. A partnership of Dermody Properties, operating partner, and PCCP, capital partner, purchased the industrial asset, located within the PA I-81/I-78 Corridor, from a partnership comprising USAA and Trammell Crow Development. The property includes a new, currently vacant, 700,000-square-foot building at 2 Ames Drive, as well as a land site approved for 602,000 square feet at 1 Ames Drive. Gerry Blinebury, Adam Campbell, Pat McBride and Leah Balerno of Cushman & Wakefield handled the sale transaction. Blinebury and Campbell are overseeing leasing for the property.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of two multifamily complexes in Fort Worth, the 118-unit Ridgmar Hills and the 117-unit The Steppes. Located adjacent to one another, just north of I-30 near Ridgmar Mall, the properties offer floor plans ranging in size from 402 to 1,420 square feet and each feature laundry facilities, a swimming pool, fitness room, business center and game room. The combined 235 apartments were 94 percent occupied at the time of the sale. Mason Green of Marcus & Millichap marketed the assets on behalf of the seller, Warner Alan Properties. Green also secured the buyer, a Dallas-based partnership, which secured two Fannie Mae loans with 10-year terms through Arbor Commercial for the acquisitions.
PONCA CITY, OKLA. — Investment advisory brokerage firm ARA has brokered the sale of Meadowbrook Village, a 130-site manufactured home development in Ponca City, located about 40 miles north of Stillwater. Constructed in the 1970s, Meadowbrook Village features an on-site office, laundry facility and storm shelter. The all-age community, situated in proximity to major area employers including a ConocoPhillips refinery, is serviced by municipal utilities. A local owner-operator purchased the distressed asset out of receivership. Andrew Shih, Brian Vita and Todd Fletcher of ARA represented the seller in the all-cash transaction.
HOUSTON — NAI Houston has arranged a 29,306-square-foot warehouse lease in Houston’s South Inner Loop submarket for Rud and Pickarts Marketing Co. Located at 6006 Griggs Road, the facility is in close proximity to the interchange of I-610 and I-45. The tenant is a provider of marketing services for manufacturers of industrial, retail and food packaging and food service and janitorial supplies. Darren O’Conor of NAI Houston represented Rud and Pickarts in the negotiations. Matteson Hamilton and Jeremy Lumbreras of Stream Realty Partners represented the unnamed landlord.
PHOENIX – A 14,490-square-foot property in Phoenix that is net leased to Walgreens has sold to an unnamed buyer for $7.9 million. The property is located at 6838 North 7th Street. An acquisition loan with a 10-year term, 25-year amortization schedule and 4.1 percent rate was structured by Josh Sciotto of Marcus & Millichap Capital Corporation’s Phoenix office. The LLC seller was represented by Mark Ruble and Jamie Medress of Marcus & Millichap’s Phoenix office.
OAKLAND, CALIF. — American Indian Model Schools (AIMS) has received a $4.5-million acquisition loan for a 41,000-square-foot office building in Oakland that houses the school’s main campus. American Indian Charter School II is located at 171 12th Street. This is AIMS’ largest of its three charter schools within the Oakland area. It contains more than 650 students in kindergarten through 8th grade. The loan was provided by Eagle Group Finance. AIMS was represented by Gilda Rivera of George Smith Partners in the sales transaction. The seller was not named.
ONTARIO, CALIF. – A major pet foods company has signed a 15-year lease for a 108,703-square-foot manufacturing and distribution building in Ontario. The lease is valued at $5.8 million. It is located at 2400 E. Francis Street next to Ontario International Airport. The pet foods company was represented by John Pomer of Newmark Grubb Knight & Frank. The landlord, Hager Pacific Properties, was represented by Mark Zorn and Tal Siglar of Colliers’ Ontario office.
DENVER – A 37-unit apartment building in Denver has sold to JMDR, LLC, for $3.9 million. The community is located at 2860 W 32nd Ave. It was built in 1961. The Calame Lewallen Team at Pinnacle Real Estate Advisors, LLC, represented both the buyer and the seller, The Garden, LLC, in this transaction.
LOS ANGELES — Gabe Kadosh has joined Colliers International’s Downtown Los Angeles office as a vice president. He will specialize in the leasing of retail properties, landlord and tenant representation, and in investment sales in the Greater Los Angeles area. Kadosh will focus on building a mixed-use retail leasing division that will target residential environments. He previously opened the Los Angeles for Stream Realty, where he led the company’s retail division.