CIBOLO, TEXAS — Developer WholeLife Traditions has received a $55 million tax-exempt bond from the Bexar County Commission for a new active adult living community in Cibolo, a suburb of San Antonio approximately 20 miles northeast of downtown. Samarian Housing, a 501(c)3 non-profit organization, will own the 154-unit development. Plans include landscaping, sidewalks and streetlights to create the feel of a neighborhood, as well as a WholeLife club facility for gatherings, events, a fitness center, pool and game room.
Property Type
HOUSTON — The Mansour Group of Marcus & Millichap has brokered the sale of an LA Fitness facility in Houston for $12 million. The 45,000-square-foot property is located at 9633 Westheimer Road, in close proximity to Walmart, Home Depot, Target, Kroger and PetSmart, among other retailers. Alvin Mansour of the Mansour Group represented the seller, a major national REIT, in the transaction. Another institutional REIT was the buyer.
FLOWER MOUND, TEXAS — Henry S. Miller Brokerage has arranged the sale of a 25,000-square-foot industrial asset in Flower Mound, a suburb approximately 23 miles north of Fort Worth. Located at 1000 Spinks Road, the freestanding warehouse facility features seven grade-level doors and two dock doors. Dan Spika of Henry S. Miller represented the seller, Creative Wood Concepts Inc. Todd Weaver of Weaver Commercial represented the buyer, Solinski Enterprises RE.
HOUSTON — Panoptic Realty Group has closed the sale of a 16,000-square-foot flex building in Houston’s Energy Corridor for $1.6 million. Located at 17555 Groeschke Road, the facility includes both office and warehouse space. The buyer was Monarch Pools LLC, a builder of large-scale swimming pools. The seller was Mustang Laser LLC. Michael Blount Jr. of Panoptic represented both the buyer and seller in the transaction.
LAS VEGAS – A 13,000-square-foot office building in Las Vegas has sold to Daniel Negari, CEO of XYZ.com LLC, for an undisclosed sum. The building is located at 2121 E. Tropicana. plans to transform the building into college/office space that will house employees working on his newly acquired domain extensions, .xyz and .College. The building, which is currently named BLOKHAUS, will be rebranded as XYZHAUS. Negari was represented by CBRE’s Marlene Fujita Winkel. The Seller, 2121-HAUS, LLC, was represented by Charles Moore and Ashley Kolaczynski, also of CBRE.
SCOTTSDALE, ARIZ. – A trio of units within the Mountain View Office Suites in Scottsdale has sold to SH Property LLC for $2.1 million. The 10,137-square-foot medical office building is located at 9787 N. 91st Street. It was fully leased at the time of sale. The building is anchored by Scottsdale Endoscopy Center. SH Property represented by Bob Winegar and Lance Richards of Pierpont Equity Group. The seller, Phaedrus LLC, was represented by Andrew Fosberg and Steve Fernandez of CBRE’s Phoenix office.
LOS ANGELES – An eight-unit apartment building in Los Angeles has sold to the Norman Green Trust for $1.7 million. The community is located at 12757 Mitchell Ave. in the Mar Vista submarket. The 1031 exchange buyer was represented by Manual Galvan of Chris Walker Realty. The seller, a local, private individual, was represented by Michel Hibbert of Charles Dunn Company.
LOVELAND, COLO. — Healthcare Realty Trust has purchased North and South Medical Office Buildings, a 150,291-square-foot medical office campus in Loveland, for $55 million. The campus is connected to the Medical Center of the Rockies, which is situated at 2500 Rocky Mountain Ave. within the master-planned community of Centerra. Loveland is located in northern Colorado's Front Range region. Healthcare Realty was represented by Rick Calhoun and Henry Wojdyla of NAI Shames Makovsky National Healthcare Acquisitions Group. The seller, MCR-MOB I, LLC and MCR-MOB II, LLC, was represented by McWhinney, the project’s developer.
BELL GARDENS, CALIF. — The Bicycle Casino Hotel in Bell Gardens is set to receive a new $45-million hotel. The 100-roomluxury hotel project will be located at the corner of Bicycle Casino Drive and Eastern Avenue. It is scheduled for completion in the first quarter of 2015. The 117,907-square-foot hotel will feature a bakery/cafe, restaurant, penthouse nightclub, roof-top, open-air gaming area, health spa, fitness center and swimming pool with cabanas. It is being built by R.D. Olson Construction. The Bicycle Casino is currently the largest employer in Bell Gardens.
GLASSELL PARK, CALIF. — Goodwill Industries of Southern California has subleased 102,284 square feet of big-box retail space in Glassell Park from Home Depot. The space is located at 3150 San Fernando Road. It has been vacant for 10 years. The property will be utilized as a central hub for Goodwill once renovations are complete. Home Depot was represented by J. Richard LeynerandMichael Haim Sharon of NAI Capital’s Encino office.