BEND, ORE. — Walgreens preferred developer Seven Hills Properties has purchased a 1.8-acre land parcel in Bend for $2.8 million. The site is on the southwest corner of Third Street and Franklin Avenue. It stretches for a full city block. Construction on the new Walgreens will begin next month, with Kirby Nagelhout serving as general contractor.
DADE CITY AND FORT MYERS, FLA. — Ackerman & Co., an Atlanta-based commercial real estate brokerage, management, development and investment firm, has sold two net-leased CVS/pharmacy stores in Florida for nearly $14 million. Ackerman & Co. sold a CVS/pharmacy in Dade City for $5.7 million to a 1031 tax-deferred exchange buyer in an all-cash transaction. Patrick Whitney of Marcus & Millichap's Dallas office represented the buyer in the transaction. Ackerman & Co. also sold a CVS/pharmacy in Fort Myers to an affiliate of New Jersey-based Roebling Investment Co. for $8.2 million. The transaction included the buyer's assumption of the current CMBS loan. Ray Yung of Calhoun Cos. represented the buyer in the transaction.
WASHINGTON, D.C. — Greeysteel, a Washington, D.C.-based investment real estate services firm, has arranged the approximately $3.6 million sale of the 23-unit Delshah Valery Place, a boutique, walk-up apartment community located in Washington, D.C. The apartment community is situated at 2523 13th St. in northwest D.C.'s Columbia Heights neighborhood. Ari Firoozabadi, Kyle Tangney, John Mullen, Caleb Brown and Lance Ahmadian of Greeysteel arranged the transaction between the seller, Manhattan-based Delshah Capital, and the buyer, New York City-based Aria Investment Group. Delshah Capital purchased the community five years ago and subsequently made renovations. According to Tangney, Delshah's focus has shifted to solely New York City acquisitions.
LOUISVILLE, KY. — Columbus, Ga.-based Carmike Cinemas Inc. has purchased Stonybrook 20, a movie theater in Louisville that features an IMAX screen. Carmike Cinemas purchased the theater from Cinemark USA Inc., a wholly owned subsidiary of Cinemark Holdings Inc. Carmike also purchased two other theaters from Cinemark — Ritz Center 16 in Voorhees, N.J., and Hickory Creek 16 in Hickory Creek, Texas.
LEESBURG, VA. — Towson, Md.-based KLNB Retail has brokered three leases totaling nearly 130,000 square feet of retail space at Tysons West, a new transit-oriented development in Leesburg. The development is located at 1500 Cornerside Blvd. The three tenants include an 80,000-square-foot Walmart Supercenter, a 45,000-square-foot 24 Hour Fitness and a 3,027-square-foot Noodles & Co. John Meyer and Brian Finkelstein of KLNB Retail represented Walmart and 24 Hour Fitness in the lease transactions. Andrew Feldman and Ryan Wilner, also of KLNB, represented Noodles & Co. The JBG Cos. developed Tysons West, which is configured to support more than 400,000 square feet of office space, more than 250,000 square feet of retail space, 700 residential units and a 350,000-square-foot hotel. The development is located adjacent to the Spring Hill Station of the Washington Metro system, which is expected to open later this year.
TAMPA, FLA. — Ciminelli Real Estate Services has secured two new lease agreements for 14,802 square feet of office space at One Amerilife Place in Tampa's North Pinellas/Clearwater submarket. Winkler, Treger and Associates LLC will occupy 3,686 square feet and Vogue International Inc. will occupy 11,113 square feet. Judy Healey of Ciminelli Real Estate Services represented the landlord in both transactions. Deron Thomas of Industrial Realty Solutions Inc. represented Vogue International in its lease deal.
CHICAGO —A $25 million renovation of the Hyatt Chicago Magnificent Mile, which includes a new signature restaurant known as Level 2, is now complete. The hotel updated its 419 guestrooms, meeting space, lobby, indoor pool and fitness center. Chicago-based Looney & Associates led the design effort. It also added an Escape Bar, which offers space for informal small meetings with complimentary Wi-Fi, four iMac computers, two LCD HDTVs and printers. Guestrooms now feature new carpeting, drapery, wall covering, entertainment centers and oversized desks along with a stereo iPod docking station. The fitness center has been expanded by 60 percent and includes new cardio equipment with Wi-Fi access, individual TV screens and iPhone docking stations. The Level 2 restaurant serves contemporary American cuisine with organic local ingredients along with specialty cocktails and craft beers.
WEST ALLIS, WIS. — The Dickman Co. Inc./CORFAC International has completed the sale of a 50,845-square-foot industrial building in West Allis, about six miles west of Milwaukee. Samuel M. Dickman Jr. and Samuel D. Dickman of the Dickman Co. represented the seller, C.D.D.M. Enterprises LLC, in the transaction. Trent Poole of CBRE represented the buyer. The industrial property is located at 10930 W. Lapham St.
SCHAUMBURG, Ill. — Samwon Tech has purchased a 98,456-square-foot industrial property in Schaumburg, a Chicago suburb, for $5.2 million. Wiley Road Industrial Park LP sold the 11-unit property located at 1261 Wiley Road. Built in 1983, the property is fully leased to clients including Sherman Williams, Prism Healthcare and The Kaman Corp. Samwon Tech is an industrial metal fitting supplier and manufacturer whose parent company is based out of Korea. John Sharpe, a principal at Lee & Associates, represented Wiley Road Industrial Park in the transaction. Ronan Remandaban, also of Lee & Associates, represented Samwon Tech.
WAYNE, MICH. — Bernard Financial Group has arranged a $2.2 million loan for Rush Investments 1 & 2 Portfolio in Wayne, located about 20 miles west of Detroit. The portfolio includes an owner-occupied truck terminal and four multi-tenant office buildings. Rush Investments 1 LLC and Rush Investments 2 LLC are the borrowers. StanCorp Mortgage Investors LLC, a servicing correspondent of Bernard Financial Group, was the lender. Bernard Financial Servicing Group, a mortgage banking firm representing several life insurance companies and conduits in Michigan, will provide partial servicing for this loan. David Dismondy of Bernard Financial Group originated the loan.