Property Type

THREE LEASE SPACE AT ONE ADAMS PLACE

by admin December 13, 2012

QUINCY, MASS. — Three new tenants will join One Adams Place in Quincy, after leasing a total of 31,325 square feet. Ricoh Americas Corp. signed a lease for 10,380 square feet, H.T. Bailey Insurance Group leased 15,572 square feet and South Shore Mental Health will take 15,572 square feet. Sean Teague, Jon Teague, Jon Vacca and Kate McGovern of Cassidy Turley represented the landlord, Commonwealth REIT, in the transaction. CBRE Group represented Ricoh Americas, DTZ represented H.T. Bailey and The Congrad Group represented SSMH. Reit Management & Research LLC manages the property.

December 13, 2012

BELL PARTNERS ACQUIRES TWO APT. COMMUNITIES IN AUSTIN

by admin December 13, 2012

AUSTIN — Bell Partners, an apartment investment and management firm, has acquired the 344-unit Rattan Creek Apartments in northwest Austin and the 272-unit Ranch House Apartments in southwest Austin on behalf of its investors. Rattan Creek has a 24-hour fitness center, central courtyard, two-tiered pool with a waterfall, outdoor fireplace, executive business center and a cafe lounge. Ranch House features a fenced pet park, music studio, 24-hour fitness center, volleyball court, lounge, coffee bar and interactive game room. Bell Partners will manage both Rattan Creek and Ranch House, which will be rebranded as Bell Tech Corridor and Bell Austin Southwest, respectively.

December 13, 2012

Retail Texas

SATTERFIELD & PONTIKES TO CONSTRUCT $9.2M SAM'S CLUB

by admin December 13, 2012

ABILENE — Wal-Mart Stores Inc. has selected Satterfield & Pontikes Construction to build a $9.2 million, 137,941-square-foot Sam's Club, located at 5550 S. Clark St. in Abilene. Dallas-based Raymond Harris and Associates is providing architectural design services for the development, and Fort Worth-based Dunaway Associates is providing civil engineering services. Project work for the new store includes asphalt paving, fire suppression, refrigeration, landscaping, irrigation, storm water system and erosion controls. Construction is slated to wrap up in May 2013.

December 13, 2012

Industrial Texas

SIGNATURE BROKERS 300,000 SF LEASES IN ARLINGTON

by admin December 13, 2012

ARLINGTON — Signature Associates has arranged two industrial leases totaling nearly 300,000 square feet, located at 3001 E. Pioneer Parkway and 3400-3408 Randol Mill Road in Arlington. Peter Walocko of Signature represented the tenant, Android Industries, in the lease transaction. Signature Associates is an independently owned and operated member of the Cushman & Wakefield Alliance.

December 13, 2012

Office Texas

SUGAR LAND TOWN SQUARE GAINS THREE NEW TENANTS

by admin December 13, 2012

SUGAR LAND — Three new office tenants have signed leases with Planned Community Developers (PCD) for office space at Sugar Land Town Square, bringing the development to 83 percent occupancy. Altius Consulting has leased 2,716 square feet of office space at 2245 Texas Drive, Suite 150. Julie Combs of JC Realty represented the tenant in the lease transaction. DuCharme, McMillen & Associates has leased 9,335 square feet of space at 2245 Texas Drive, Suite 450. Hugh Herman of Cushman & Wakefield of Texas represented the tenant. John Crane Production Solutions has leased 6,556 square feet of space at 2150 Town Square Place, Suite 395. Tracy Steele of Morgan, Lewis & Bockius represented the tenant in the transaction. PCD was self-represented by Don Janssen in the all three lease transactions.

December 13, 2012

Retail Texas

NORTHMARQ ARRANGES $4M CONSTRUCTION LOAN FOR TRADER JOE'S

by admin December 13, 2012

DALLAS — NorthMarq Capital has secured a $4 million construction/permanent loan for a 21,000-square-foot Trader Joe's, located at 2001 Greenville Ave. in Dallas. Bart Dickinson of NorthMarq's Dallas office arranged the 21-year loan to amortize over 21 years through a life insurance company lender.

December 13, 2012

Multifamily Western

DOMAIN APARTMENTS IN OAKLAND RECEIVES $55M RECAPITALIZATION

by admin December 13, 2012

OAKLAND, CALIF. – The 264-unit Domain Apartments in Oakland has received a $55-million recapitalization. The bridge loan was arranged for Berkshire Property Advisors by Centerline Capital Group. The loan was completed with Centerline’s origination partner, C-III Commercial Mortgage LLC.

December 13, 2012

Office Western

DOWNTOWN SAN DIEGO HIGH RISE OFFICE BUILDING SELLS FOR $49M

by admin December 13, 2012

SAN DIEGO – A 359,218-square-foot, 24-story office building in Downtown San Diego has sold to a joint venture between Lincoln Property Company and Angelo, Gordon & Company for $49 million. The high rise is located at 600 B Street. It is 85 percent occupied. Notable tenants include the City of San Diego and Bridgepoint Education, as well as several law firms. This is Lincoln’s first acquisition in the area since it opening a San Diego office this past May.

December 13, 2012

Industrial Western

GOURMET TRADING LEASES 54,212SF IN REDONDO BEACH

by admin December 13, 2012

REDONDO BEACH, CALIF. — Gourmet Trading has signed a 10-year lease for a 54,212-square-foot industrial facility in Redondo Beach. The lease is valued at $5 million. The space is located at 2580 Santa Fe Ave. The company plans to relocate to the new facility in early 2013. Gourmet Trading was represented by Luke Staubitz and Harvey Beesen of Klabin/CORFAC’s Los Angeles office. The landlord, CRC Investments, was represented by Jim Sullivan and Brad Vickrey of DAUM Commercial Real Estate Services.

December 13, 2012

Multifamily Western

WILLOW LAKE APARTMENT HOMES IN SAN JOSE SELLS FOR $148M

by admin December 12, 2012

SAN JOSE, CALIF. – The 508-unit Willow Lake Apartment Homes in San Jose has sold to Essex Property Trust for $148 million. The seller, the Sobrato Organization, was represented by Stan Jones, Phil Saglimbeni and Sal Saglimbeni of Institutional Property Advisors, a division of Marcus & Millichap.

December 12, 2012

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