NEW YORK CITY — A development site at 152-154 Leroy St. has sold for $10.2 million in Manhattan. The site, which is currently used as a parking lot, has approximately 27,980 buildable square feet. A development project could have potential water views and is near Hudson River Park. James Nelson of Massey Knakal represented the seller in the transaction and Elaine Tross of Halstead Property represented the buyer.
NEW YORK CITY — Marcus & Millichap has arranged the $3.6 million sale of 16-18 Bedford Ave., a seven-unit apartment building in Brooklyn. Matthew Fotis, Shaun Riney and Michael Salvatico of Marcus & Millichap represented the seller, a private investor. They also represented the buyer, a fund manager.
CAMBRIDGE, MASS. — RCG has acquired 12 apartment units at 11-21 Pine St. in Cambridge for $2.3 million. David Ross, Robert Tito, Gina Barroso and Robert Tito Jr. of NAI Hunneman represented the seller, First Cambridge Realty, in the transaction. They also procured the buyer.
EWING, N.J. — Urge Fitness has signed a lease for a new 13,000-square-foot exercise facility to be developed in the Ewing Square Shopping Center, located at 968 Parkway Ave. in Ewing. Construction is slated to begin this fall and the club is expected to open before the holidays. The Goldstein Group is the property landlord.
SAN ANTONIO AND OKLAHOMA CITY — Inland American Real Estate Trust has acquired two shopping centers in San Antonio and Oklahoma City for approximately $94.7 million. The properties include the 218,436-square-foot Stone Ridge Market in San Antonio and the 254,690-square-foot Rockwell Plaza in Oklahoma City. Stone Ridge's tenants include PetSmart, Sports Authority and Half Price Books. Rockwell Plaza has more than 40 tenants, including Ross Dress for Less, Jo-Ann Fabrics and Crafts, PetSmart, K&G Men's Warehouse, RadioShack, Rue21, GameStop, Dots and Dollar Tree.
HOUSTON — A joint venture between Trammell Crow Co. and Principal Real Estate Investors (PREI) has broken ground on the 546,372-square-foot Energy Center Three, a 20-story office building located on the southwest corner of Interstate 10 and North Eldridge Parkway in Houston's Energy Corridor. Trammell Crow and PREI expect to deliver the project in the fourth quarter of 2014. The office building is the first phase of a multi-phase office development. The property will also include a nine-level, free standing parking garage, double-height lobby, fitness center, conference center and dining facilities. Kirksey Architects designed the project, which is pre-certified LEED Gold. The joint venture between Trammell Crow Co. and PREI has developed five Class A office projects in the Houston area, including Energy Center Three. These projects include Hess Tower, Energy Center I and II and Noble Energy Center One.
DALLAS — Dallas-based UCR Investment Sales has arranged the sale of seven retail properties in Texas totaling 87,652 square feet. The properties include: The Shops at Carter Ranch located in Celina Roanoke Center located in Roanoke 7-Eleven located in Richardson North Main Street Center located in Fort Worth Lake June Commons located in Balch Springs O'Reilly Auto Parts and Cashmax located in Childress Hibbett Sports and Cashmax located in Athens Tommy Tucker of UCR Investment Sales represented the six different sellers in seven separate transactions.
IRVING, TEXAS — Dallas-based American Communities has acquired Chaparral Creek, a multifamily property with more than 500 units located at 3701 N. O'Connor Road in the Las Colinas neighborhood in Irving. Amenities include a newly renovated fitness center, community center, four swimming pools, covered parking and onsite laundry facilities. American Communities was founded in May 2012.
HOUSTON — Marcus & Millichap Capital Corp. (MMCC) has secured a $12.5 million refinance for Westchase Shopping Center, located in Houston. Peter Dunn of MMCC's Houston office arranged the 10-year loan to amortize over 30 years through a CMBS lender. The LTV on the loan is 75 percent.
SAN DIEGO — The Uptown District Shopping Center, a 148,638-square-foot, mixed-use retail center in San Diego, has sold to Regency Centers Corporation for $81.1 million. It is located at 940 University Ave. in the city’s Hillcrest neighborhood. Notable tenants at the center include Ralphs, Trader Joe’s, Wells Fargo, Panera Bread and Starbucks. The sale was executed by the Mansour Group of Marcus & Millichap.