Property Type

HALEY REAL ESTATE ACQUIRES MULTIFAMILY PORTFOLIO FOR $51.2M

by admin January 22, 2013

OKLAHOMA CITY AND KEMP, TEXAS — Haley Real Estate Group, an Omaha, Neb.-based investment firm, has acquired four multifamily communities for $51.2 million, including Park Place Apartments in Oklahoma City and The Hamlins at Cedar Creek Lake in Kemp. The company plans to invest approximately $12.4 million in capital improvements for the communities. Park Place Apartments includes 223 units and is adjacent to the Oklahoma State Capitol. The Hamlins at Cedar Creek Lake features 208 units, a fitness center, swimming pool, media room, business/conference center, dog park and a playground. The acquisition also included Oakbrook Apartments in Jackson, Miss., and Nantucket Harbor in Shreveport, La.

January 22, 2013

PROLOGIS BREAKS GROUND ON 282,000 SF OF INDUSTRIAL SPACE

by admin January 22, 2013

HOUSTON — Prologis Inc. has kicked off construction on two speculative distribution facilities totaling more than 282,000 square feet at Prologis Park Northpark in Houston. The buildings are being constructed to LEED certification standards. At full build-out, Prologis Park Northpark will total 1.2 million square feet.

January 22, 2013

Office Texas

NAI ARRANGES OFFICE SALE IN IRVING

by admin January 22, 2013

IRVING, TEXAS — The NAI Global Investment Services Group (NAI Global ISG), a division of NAI Robert Lynn, has brokered the sale of a 67,146-square-foot, single-tenant office building, located at 1630 Corporate Court in the Las Colinas submarket in Irving. Steve Wolff and Tim Feagans of NAI Global ISG represented the owner, Daymark Realty Advisors, in the transaction. Daymark Realty represented the Tenant In Common (TIC) entity, NNN Corporate Court LLC. Florida-based Siemens Enterprise Communications is the buyer.

January 22, 2013

Office Texas

WESTERNGECO SIGNS 554,365 SF NEW LEASE IN HOUSTON

by admin January 22, 2013

HOUSTON — WesternGeco has signed a 554,365-square-foot lease for its North American office headquarters at 10001 Richmond Ave., a three-property office campus located in Houston's Westchase District. Mark Russell, Steve Biegel and David Endelman of Studley represented the tenant in the transaction. The landlord, an affiliate of Lexington Realty Trust, was self-represented by James Dudley, along with Dan Bellow of Jones Lang LaSalle.

January 22, 2013

Industrial Texas

ESSILOR LEASES DUKE REALTY'S WATERS RIDGE II

by admin January 22, 2013

LEWISVILLE, TEXAS — Essilor of America, an optical lens manufacturer, has signed a lease with Duke Realty Corp. for the 169,476-square-foot Waters Ridge II, an industrial property located at 501 E. Corporate Drive in Lewisville. Duke Realty is completing one of Essilor's requirements for the building to be 100 percent climate controlled. Essilor will use the property as a distribution center. Jean Russo of Cushman & Wakefield represented the tenant in the lease transaction. Duke Realty was self-represented by Curt Hefner.

January 22, 2013

Office Western

SAN DIEGO OFFICE, MEDICAL OFFICE BUILDINGS SELL FOR $9.2M

by admin January 22, 2013

SAN DIEGO – A property containing a 24,900-square-foot office building and a 9,000-square-foot medical building in San Diego has sold to 7625-7675 Linda Vista Road, LLC for $9.2 million. The buying entity is controlled by Scott Leary. The San Diego neurosurgeon plans to move his practice into the building and lease out the remaining space. The entity was represented by Brandon Keith and Stephen Dok of Voit’s San Diego office, along with David Schmidt of The Schmidt Group. The seller, AFJR Partnership, LP., was also represented by Keith and Dok.

January 22, 2013

Office Western

JV BUYS FLEX-TECH BUILDING IN SAN JOSE

by admin January 22, 2013

SAN JOSE, CALIF. – A joint venture between W3 Partners and AllianceBernstein U.S. Real Estate Partners L.P. has purchased a 64,336-square-foot flex-tech building in San Jose. The building is located at 3939 North First Street. W3 will act as the operating partner.

January 22, 2013

Multifamily Western

VISTA PARK CHINO SELLS FOR $6M

by admin January 22, 2013

CHINO, CALIF. – The 40-unit Vista Park Chino has sold to Preservation Vista Park Chino, LP for $6 million. The community is located at 5819 Riverside Drive. The seller was Vista Park Chino, LP. The transaction was executed by Alex Mogharebi of Hendricks & Partners’ Ontario office.

January 22, 2013

Multifamily Western

SAN FRANCISCO APARTMENT SELLS FOR $2.6M

by admin January 22, 2013

SAN FRANCISCO – A 14-unit apartment building located at 1550-1566 Hyde Street in San Francisco has sold to a limited liability company for $2.6 million. The community also contains two retail units. Dimitris Drolapas, James Devincenti and Brad Lagomarsino of Marcus & Millichap’s San Francisco office represented both the buyer and the seller, a private investor, in this transaction.

January 22, 2013

Office Western

TEMPE GATEWAY OFFICE BUILDING SELLS FOR $66M

by admin January 21, 2013

TEMPE, ARIZ. — Tempe Gateway, a 263,936-square-foot, Class A office building, has sold to Parkway Properties for $66.1 million. The property is located at 222 S. Mill Ave. in Tempe. It currently boasts a 74 percent occupancy. Parkway Properties was represented by Jim Fijan of CBRE’s Phoenix office in its unsolicited acquisition offer. The seller was Gateway Tempe LLC, a company formed by Vulcan Inc.

January 21, 2013

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