MANSFIELD, TEXAS — Inland Real Estate Income Trust Inc. has acquired Mansfield Pointe, a 148,529-square-foot shopping center in the Dallas/Fort Worth suburb of Mansfield, for $28.4 million. Developed in 2008 by Connected Development Services, the property was 97 percent occupied at the time of the sale to tenants including Sports Authority, Bed Bath & Beyond, PetSmart, Party City, Half Price Books, Sleep Experts, Verizon and Massage Envy. An entity controlled by Dallas-based firm The Retail Connection and Plano-based Granite Properties sold the asset. David Disney of Disney Investment Group represented Inland in the transaction. Alan Shor and Chad Bradshaw of The Retail Connection and Paul Bennett of Granite Properties represented the seller.
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HOUSTON — NAI Houston has arranged a 20,400-square-foot industrial lease in north Houston for Delta Subsea LLC, a provider of remote operational vehicle services and solutions. Constructed in 2012, the facility features 32-foot clear heights and is located at 1616 Southcreek Lane. Delta Subsea will use the building as the headquarters of its Tooling Solutions Division. Dan Boyles Jr. and John Ferruzzo of NAI Houston represented the tenant in the negotiations. Mike Spears of National Realty Group represented the unnamed landlord.
HOUSTON — Marcus & Millichap has brokered the sale of a 2,000-square-foot net-leased retail property in Houston currently occupied by Smoothie King. The store is located at 913 Westheimer Road, in proximity to I-45 and the Southwest Freeway. Derek Hargrove of Marcus & Millichap represented the unnamed seller in the transaction.
TUSTIN, CALIF. — A 42,340-square-foot industrial building in Tustin has sold to an unnamed buyer for $5.9 million. The building is located at 2652 Dow Ave. It is the headquarters for Meridian Graphics. The printing and graphic company has signed a lease at the property for the next seven years. The transaction was executed by Justin Smith and Phil Cohen of Lee & Associates.
NEWARK, CALIF. – A 10,971-square-foot retail center in Newark has sold to an unnamed buyer for $5.8 million. The center is located on the corner of Newark Boulevard and Jarvis Avenue. It is occupied by AutoZone, T-Mobile and a drive-thru Starbucks. It was formerly occupied by a Cattlemens restaurant. The seller, Imwalle Newark LLC, was represented by Bob Quigley of SRS Real Estate Partners.
DENVER – A 25-unit apartment building in Denver has sold to an unnamed buyer for $2.5 million. The community is located at 1135 Ogden Street. It was built in 1930. The buyer was represented by Jeff Johnson of the Johnson Ritter Team at Pinnacle Real Estate Advisors. The unnamed seller was represented by JB Hochman and Justin Brockman of the same firm.
PHOENIX — Airport Business Park, a 39,994-square-foot industrial building in Phoenix, has sold to Airport Business Park Phoenix LLC for $2 million. The building is located at 2328 E. Van Buren Street. It was built in 1982. Airport Business Park is currently 95 percent leased to 28 tenants. The LLC was represented by Paul Boyle and Rick Danis of Cassidy Turley. The seller, Airport Business LLC, was represented by Leroy Breinholt of Commercial Properties.
GILBERT, ARIZ. — Nexius Solutions is relocating to a 20,982-square-foot facility in Gilbert. The new space is located at 377 S. Hamilton Court. The end-to-end wireless services provider will relocate from 2601 S. 37th St. in Phoenix. It will take occupancy this month. Nexius was represented by Grady and Jackie Orcutt of Cushman & Wakefield. The unnamed landlord was represented by Commercial Properties.
LARGO, FLA. — NorthMarq Capital has arranged a $30 million construction loan for Boulevard Apartments, a 260-unit apartment community in Largo. The multifamily property will be located at 2098 Seminole Blvd. Larry Curry of NorthMarq’s Tampa, Fla., office arranged the three-year loan with a 30-year amortization schedule through a national bank on behalf of the borrower, Dockside Investors LLC. Upon completion, the project will feature elevators, fitness facilities, an indoor lap pool/spa, nature trails, a pet park and concierge services.
DORAVILLE, GA. — Marcus & Millichap has arranged the $20.7 million sale of the 190,172-square-foot Doraville Plaza in Doraville, a suburb of Atlanta. Burlington Coat Factory anchors the property, located at 5706 Buford Highway. The acquisition also included four outparcel properties occupied by Krispy Kreme, Wells Fargo, McDonald’s and Chick-fil-A. Doraville Plaza was fully leased at the time of the sale. Don McMinn and Zachory Taylor of Marcus & Millichap’s Atlanta office represented the seller, an Atlanta-based owner and developer, in the transaction.