NEW YORK CITY — 130 Seventh Avenue South, a vacant single-story retail building, has sold for $6.1 million in New York City. The building, which is located at the corner of Seventh Avenue and West 10th St., was previously occupied by Veranda, a Mediterranean restaurant. Keystone Group purchased the property and plans to develop a high-end, mixed-use building on this site. Besen & Associates represented the buyer and seller in the deal.
HOUSTON — Atlanta-based Cousins Properties Inc. has purchased a 100 percent interest in Post Oak Central, a Class A office complex located in Houston's Galleria submarket, for $232.6 million. The complex is 92 percent leased to tenants such as Apache Corp., Stewart Information Services and GDF Suez. The LEED Gold-certified complex includes a conference center, ground-floor retail, a daycare and restaurants. The purchase also includes a two-acre development parcel with frontage along Post Oak Central Boulevard. Cousins Properties purchased the interest from institutional investors advised by J.P. Morgan Asset Management in an off-market transaction.
HOUSTON — Houston-based Dickson Furniture has opened a new 100,000-square-foot distribution center, located at 6000 S. Loop E. in Houston. Dickson Furniture has experienced 50 percent larger inventory with dozens of new products and is expecting even greater growth in the near future. The company will begin delivering furniture from the facility immediately.
ARLINGTON, TEXAS — Bradford Commercial Real Estate Services has brokered the sale of the foreclosed 30,478-square-foot Fielder Place, an office building located at 1633 W. Division St. in Arlington. Karen Simon and Brian Scott of Bradford represented the seller, U.S. Bank, in the disposition of the foreclosed property, which is 40 percent leased. Jose Thankachan of Beam Real Estate LLC represented the buyer, AVK Associates LLC. Bradford's Simon and Scott had five tenants in place to lease space in the office building.
FRISCO, TEXAS — Marcus & Millichap has arranged the $4.7 million sale of a 12,969-square-foot CVS/pharmacy in Frisco. Dan Yozwiak, Antoine Matthews, John Reehil, Dean Zang and Mark Taylor of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Tim Speck of Marcus & Millichap also assisted in the sale.
HOUSTON — Moody Rambin has arranged the 173,000-square-foot lease of manufacturing space at 7150 Almeda Genoa Road in Houston. Jim Autenreith and Griff Jaggard of Moody Rambin represented the tenant, Applied Cryo Technologies (ACT), in the lease transaction. ACT will use the space to design and manufacture equipment for oil and gas companies. The facility is located 10 miles away from the Port of Houston.
SCOTTSDALE, ARIZ. – A 66,240-square-foot office/flex building in Scottsdale has sold to Helio Real Estate for $4.3 million. It is located at 8388 E. Hartford Drive. Helio was represented in-house by Adrian Evarkiou. The seller, H-B Perimeter, LLC, was represented by Jeff Adams, Mike Myrick and Alexandra Loye of NAI Horizon.
SCOTTSDALE, ARIZ. – The 24-unit Los Porticos apartments in Scottsdale has sold to 2778 Loker, LLC for $1.7 million. The community is located at 1221 North 85th Place. The buyer was represented by Marc Huisken of Cassidy Turley BRE Commercial in Phoenix. The seller, a private real estate partnership, was represented by Brian Tranetzki and Rich Butler of Marcus & Millichap’s Phoenix office.
DENVER — Wakely Consulting Group has signed a 61-month lease renewal at Pyramid Pointe in Meridian. The lease also includes an 8,400-square-foot expansion at the Class A office building, which is located at 9777 Pyramid Court in the Denver submarket. The building is now 93 percent leased. The landlord, Westcore Properties, was represented in-house by John Fefley.
YORBA LINDA, CALIF. – A 34,972-square-foot, multi-use building in Yorba Linda has sold to BSKO, LLC for $3.8 million. The property is located at 22895 Eastpark Drive within the master-planned community of Savi Ranch. The space will serve as BSKO’s new headquarters. The company was represented by Seth Davenport of Voit Real Estate Services. The seller, Eastpark Drive LLC, was represented by Zach Niles, Garrett McClellandand Steve Wagnerof Jones Lang LaSalle Orange County.