FRANKLIN, MASS. — The Stubblebine Co./CORFAC International and R.W. Holmes has arranged a long-term 28,656-square-foot lease renewal at 40 Kenwood Circle in Franklin. New England Chapel, an Evangelical Christian Church, will complete a renovation of the administrative areas and classrooms and chapel areas. James Stubblebine and Alan Ringuette of The Stubblebine Co. and John Eysenbach of R.W. Holmes represented Chris Paine and New England Chapel.
SAN ANTONIO — Stream Realty Partners has purchased nearly 17 acres in San Antonio for the construction of a 126,626-square-foot speculative office property to be known as Lockhill Crossing. The five-story, Class A building will be located at 4530 N. Loop 1604 W. and will feature amenities including a fitness facility and outdoor walking trail. Stream plans to break ground on the property before the end of the year. Carolyn Hinchey Shaw and Ryan Harrison of Stream will lead leasing efforts during development and after completion.
HOUSTON — Marcus & Millichap has brokered the sale of a 27,725-square-foot office building in Houston’s inner loop. Situated on a corner parcel of 1.56 acres at the intersection of Bissonnet Street and Wakeforest Avenue, the property houses a variety of smaller tenants. Derek Hargrove of Marcus & Millichap represented the seller, Beltika LLC, in the transaction. Hargrove also secured the buyer, a developer.
LEWISVILLE, TEXAS — Lee & Associates has brokered the sale of a 24,279-square-foot industrial building sale in the Dallas/Fort Worth suburb of Lewisville. The warehouse, originally constructed in 1985, is located at 1210 Metro Park Blvd. and features clear heights of 16 feet. Mark Graybill of Lee & Associates represented the buyer, Team Taylor Investments LLC. Dan Spika of Henry S. Miller Brokerage LLC represented the seller, Britestar Group Inc.
SAN MARCOS, TEXAS — L&M Supply, a provider of erosion control products, has chosen the San Antonio suburb of San Marcos as the home of its second Texas distribution center. The new 40,000-square-foot facility, located at 126 Texas Ave., will employ more than 20 local staff. L&M is based in Willacoochie, Ga. The Greater San Marcos Partnership assisted L&M in the site selection process.
PHOENIX — Matrix Absence Management has moved its U.S. headquarters to Desert Canyon 200 in Phoenix. The space is located at 2421 W. Peoria Ave. The employee benefits management company has leased 65,502 square feet at the Desert Canyon Campus. It was previously based at the nearby Lakeside Center. Matrix will occupy a space that was vacated by American Express. It is currently undergoing renovations and should be ready for occupancy next spring. Matrix, a subsidiary of the Tokio Marine Group, was represented by Steve Corney of Jones Lang LaSalle’s Phoenix office. The landlord, REEF Desert Canyon, LLC, was represented by Jim Bayless, Ashley Brooks and Jenny Aust of CBRE’s Phoenix office.
HAYWARD, CALIF. — FBA Holdings, Inc., a subsidiary of Sears Holdings Corporation, has leased 64,800 square feet inside the Hayward Business Park. The new facility is located at 30803 Santana Street in Hayward. The company will use this new space to relocate its warehouse/distribution facility, which was previously based in Richmond. The company outgrew that 27,000-square-foot warehousing space. FBA was represented by Steve Miller of SiteLink International. The landlord, PS Business Parks, was represented by Greig Lagomarsino, and Rick Keely of Colliers International’s Oakland office.
MONUMENT, COLO. – A 16,399-square-foot shopping center in Monument has sold to a private San Diego group for $3.7 million. The multi-tenant center is located at 556-590 W. Highway 105, just north of Colorado Springs. It is fully occupied by tenants like UPS, Great Clips and Subway. The center is anchored by Safeway, though this space was not included in the sale. Patrick G. Kent of Hanley Investment Group represented both the buyer and the seller, a private Colorado investor, in this transaction.
SANTA MONICA, CALIF. — Science, Inc., has signed a 45-month lease for 16,220 square feet of space in Santa Monica. The 24,578-square-foot building is located at 1447 2nd Street. The building is now fully occupied. The technology incubator and investor is relocating and expanding from its 10,000-square-foot office that’s just steps away at 1410 2nd Street. The new space was previously occupied by Hydraulx. Science, Inc., was represented by Randy Starr and Tim Dornan of Avison Young. The landlord, Beitler Commercial Realty Services, represented itself in this transaction.
NAPA, CALIF. – Auberge Resorts and its partners have acquired the 50-room Calistoga Ranch in Napa Valley for a reported $55 million. The ultra-luxury resort is situated on 157 acres at 580 Lommel Road in an Upper Napa Valley canyon. The transaction represents the highest price per room of any hotel sold this year, according to Jones Lang LaSalle. Olympus Real Estate Partners developed Calistoga Ranch 10 years ago. It had previously sold the hotel’s 22 residential units. Auberge has managed the hotel since it opened in 2004. The resort sale was handled by John Straussof Jones Lang LaSalle’s Hotels & Hospitality Group. Strauss represented Olympus in that transaction.
