LOS ANGELES — Bottega Louie has signed a new 15-year lease in Downtown Los Angeles that will allow the gourmet restaurant, market and patisserie to expand its operations. The restaurant’s new location is 617 West 7th Street. The new space will accommodate a pastry kitchen, test kitchen and chocolate confectionary kitchen, as well as training facilities, conference rooms, design studios and corporate offices. Bottega Louie was represented by Adam Tischer of Colliers International. The landlord, The Swig Company, was represented by CBRE’s John Zanetos, Mark O’Brien and Christopher Penrose, Jr.
LAWRENCEVILLE, GA. AND CORDOVA, TENN. — Franklin Street Real Estate Services has arranged the sale of two Red Robin restaurants for $3.8 million. One restaurant is a 6,350-square-foot location at 1250 Scenic Highway in Lawrenceville, part of the Atlanta metro area. The other is a 6,381-square-foot restaurant located at 1231 N. Germantown Parkway in Cordova, part of the Memphis metro area. Mac McCall and Bryan Belk of Franklin Street represented the seller for both properties, a Memphis-based real estate investment company. The buyers are private investors based in La Verne, Calif., and Oklahoma City. Both buyers plan on holding the properties long-term, according to Franklin Street.
ESTERO, FLA. — Marcus & Millichap has brokered the $2.4 million sale of a 4,500 square-foot Verizon Wireless store located at 23200 Via Villagio in Estero. Preet Sabharwal and Britt Raymond of Marcus & Millichap’s Manhattan office represented the seller, a developer. Gabriel Britti and Ronnie Issenberg of Marcus & Millichap’s Miami office secured and represented the buyer, a limited liability company. Kirk Felici of Marcus & Millichap’s Miami office assisted in closing the transaction.
SPOUT SPRINGS, N.C. — Quantum Real Estate Advisors has brokered the sale of a 6,895-square-foot Advance Auto Parts store located in Spout Springs. The store is a build-to-suit for Advance Auto Parts, which has 15 years remaining of its initial lease term at the time of sale. Jordan Kaufman of Quantum Real Estate Advisors represented the seller, a North Carolina-based developer, in the transaction. The buyer is based in South Carolina and purchased the facility in an all-cash transaction.
NORTH CHARLESTON, S.C. — Cushman & Wakefield | Thalhimer has brokered the sale of the former corporate offices of Atlantic Occupational Health, located at 3625 W. Montague Ave. in North Charleston. Sweatwater Holdings LLC purchased the approximately 6,920-square-foot medical office property for $825,000 as an investment. Philip Owens of Cushman & Wakefield | Thalhimer represented the seller, 3625 Montague Avenue LLC, in the transaction.
LENEXA, KAN. — Block Real Estate Services (BRES) has broken ground on Lenexa Logistics Centre, a 1.6 million-square-foot, Class A industrial park in Lenexa, located about 15 miles south of Kansas City. Situated on 117.5 acres, the master-planned industrial complex will include 10 buildings. The first building to be constructed, Building 4, will be a 260,000-square-foot speculative property and include 32-foot clear ceiling heights and cross-dock loading. Building 4 is slated for completion by June 2014.
CLARKFIELD, MINN. — The Skajaquoda Group has signed a lease for a 144,000-square-foot research facility in Clarkfield, a city in southwest Minnesota. The investment company is relocating its headquarters from Claymont, Del. The new location will allow Skajaquoda, which up to this point has only been an investment company, to begin its new research program that focuses on renewable energy. Skajaquoda Group Inc., quoted on the OTC (ticker symbol: SKAJ), invests according to its socially responsible investment policy.
CHICAGO — Sperry Van Ness Chicago Commercial has completed the $1.7 million sale of a loft office building in Chicago's West Loop neighborhood. The property, located at 808 W. Lake St., includes a 7,553-square-foot timber and beam loft office building with an adjacent 3,325-square-foot surface parking lot for 10 cars. One Off Hospitality Group Ltd. purchased the parcel. Scott Maesel of Sperry Van Ness LLC was the sole broker in the transaction.
INDIANAPOLIS — Marcus & Millichap has arranged the $1.2 million sale of a 4,775-square-foot retail center in Indianapolis. Preet Sabharwal, Britt Raymond and Jordan Klink of Marcus & Millichap marketed the property on behalf of the seller, a Connecticut-based developer, and represented the buyer, a New York-based private investor. GNC and T-Mobile occupy the property and have less than two years remaining on their leases. The property is located at 4557 N. Lafayette Road and is an outparcel to a Walmart Supercenter.
NEW YORK CITY — Rosewood Realty Group has arranged the $246 million sale of a 33-building multifamily portfolio in New York City’s Upper West Side. New Jersey-based real estate investment company, The Orbach Group, was the buyer. A joint venture between Heritage Real Estate Partners and Dune Real Estate Partners sold the properties. The portfolio includes 1,031 apartments and two retail spaces. Aaron Jungreis of Rosewood Realty Group represented The Orbach Group in the off-market transaction.