Friday, July 24, 2026
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Mixed-UseNortheast

22,500 SF MIXED-USE BUILDING SELLS FOR $2M IN NORWALK

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NORWALK, CONN. — Capital Construction has purchased a 22,500-square-foot mixed-use retail and office building in Norwalk for $2 million. Q SONO IV LLC sold the property. The two-story building is located in downtown Norwalk at 38-48 and 50 N. Main St. Several professional office tenants occupy the second floor of this building, and Bank of America anchors the street-level spaces, which also includes a convenience market, restaurants and a beauty store. Ralph Calabrese and Tony Valenti of the R. Calabrese Agency LLC were the sole brokers in the transaction.

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MultifamilyNortheast

PEARL PLACE II HOUSING IN MAINE ACHIEVES LEED-PLATINUM

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PORTLAND, MAINE — Pearl Place II, a 55,978-square-foot, 54-unit apartment complex at 184 Pearl St. in Portland, has achieved LEED-Platinum certification from the U.S. Green Building Council. Pearl II is the second of two phases of an affordable housing development in the Bayside neighborhood of Portland. Construction was completed earlier this year. Avesta Housing hired Thornton Tomasetti, an international engineering firm, as the LEED for Homes provider and sustainability consultant on the project. Wright-Ryan Construction was the contractor on the project; PDT Architects served as the architect; and Horizon Residential Energy Services provided EnergyStar services. Avesta Housing is a 501(c)(3) nonprofit organization that promotes and provides housing opportunities in southern Maine for residents in need.

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RetailTexas

UCR BROKERS SALE OF 216,368 SF SHOPPING CENTER IN ARLINGTON

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ARLINGTON, TEXAS — United Commercial Realty (UCR) has brokered the sale of Plaza at the Parks, a 216,368-square-foot retail asset in Arlington. The shopping center was 85 percent leased at the time of sale to tenants including Michaels, Sam Moon, Chair King and Sun & Ski Sports. Adam Howells, Tommy Tucker, Kevin Catalani, Jessica Donnelli and Tim Axilrod of UCR represented the seller, the Dallas-based commercial real estate developer Hunt Properties. Regional Management Co. purchased the property, which is located in close proximity to the 1.5 million-square-foot Parks at Arlington mall.

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RetailTexas

BOULDER GROUP BROKERS $5.2M SALE OF HOUSTON WALGREENS

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HOUSTON — The Boulder Group has brokered the sale of a single-tenant net-leased retail property occupied by Walgreens at 9350 Highway 6 South in Houston for approximately $5.2 million. Completed in 2001, the building totals 15,020 square feet and is situated in close proximity to Home Depot and LA Fitness. More than 17 years remain on Walgreens’ lease of the space. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest investor, in the transaction. A high-net worth individual based in Texas purchased the property.

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OfficeTexas

153,000 SF SPEC OFFICE BUILDING IN METROPLEX BREAKS GROUND

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RICHARDSON, TEXAS — Dallas-based Fobare Commercial and architect Parmadesign have broken ground on Collins Center, a 153,000-square-foot speculative office building in Richardson, approximately 13 miles north of Dallas. Located adjacent to the Arapho Station of Dallas Area Rapid Transit at 1225 Alma Road, the building is slated for completion in January 2014 and will be the first speculative office development in Richardson in the past decade. Collins Center’s ground-level floorplate totals 128,000 square feet, while the mezzanine on the north end of the building totals 25,000 square feet. Rick Currey and Chris Doggett of Fobare will oversee leasing, targeting both call centers and corporate tenants.

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IndustrialTexas

TAYLOR-DEAL AVIATION RELOCATES TO 68,500 SF IRVING FACILITY

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IRVING, TEXAS — Taylor-Deal Aviation will relocate its headquarters approximately seven miles south of its current Northwest Dallas home to 911 Maryland Drive in Irving. The new facility totals 68,500 square feet of office and manufacturing space and has been unoccupied since it was vacated by Project Services Group in 2011. Paul Blight of Glacier Commercial represented Taylor-Deal in the lease negotiations. Blight will also market the facility previously occupied by Taylor-Deal.

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IndustrialWestern

SUGAR FOODS RENEWS IN SUN VALLEY

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SUN VALLEY, CALIF. — Sugar Foods has restructured and renewed its lease for 168,000 square feet in Sun Valley. The Class A manufacturing facility is located at 9545 San Fernando Road. The maker of Sweet n’ Low was in the fifth year of a seven-year term. Its new lease extends Sugar Foods’ occupancy an additional five years. Sugar Foods was represented by Bart Pucci of Studley. The landlord, Invesco, was represented by John DeGrinis of Colliers.

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MultifamilyWestern

DENVER APARTMENT BUILDING SELLS FOR $6.5M

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DENVER – An 85-unit apartment building in Denver has sold to Granite Peak Partners for $6.5 million. The community is located at 4803 E. Kentucky Ave. Granite plans to implement a major renovation program at the community in the upcoming weeks. The seller was Carol Wick-Eisler. The transaction was handled by Tim Shunta of Unique Properties, Inc- TCN Worldwide.

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MultifamilyWestern

NORTH HILLS APARTMENT BUILDING SELLS FOR $2.4M

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NORTH HILLS, CALIF. – A 19-unit apartment building in North Hills has sold to a limited liability company for $2.4 million. The community is located at 15216 Nordhoff Street in the San Fernando Valley submarket. The LLC was represented by Dan Litman and Robert Narchi of Marcus & Millichap’s West Los Angeles office. The seller, an individual/personal trust, was also represented by Narchi.

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IndustrialWestern

ROOSEVELT TECH CENTER IN TEMPE SELLS FOR $5M

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TEMPE, ARIZ. – A 60,458-square-foot, mixed-use property in Tempe has sold to Enright Roosevelt Tech, LP for $5 million. The flex/manufacturing property is located at 528 West 21st Street. Enright plans to hold the fully occupied building as an investment property. The company was represented by Paul Boyle and Rick Danis of Cassidy Turley’s Industrial Group. The seller, RBI Industrial Properties I, LLC, was represented by Tim Benson of Westmark Realty Partners.

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