FRAMINGHAM, MASS. — Centercorp Retail Properties has acquired a TD Bank-anchored retail center in Framingham for $1.8 million. The 12,080-square-foot center is located at 1255 Worcester Road. Additional tenants include The UPS Store and Lapels Dry Cleaning. Bob Hovarth and Todd Tremblay of Marcus & Millichap represented the seller, Crosspoint Associates. Hovarth and Tremblay also represented the buyer.
HOUSTON — Carter Validus Mission Critical REIT has acquired a 14,000-square-foot surgery center in Houston for $4.7 million. The facility is fully leased to Northwest Surgery Center and there are 14 years remaining on the lease.
IRVING — Red River Asset Management has purchased Imperial Square, a five-building office complex located at 2401-2477 Gateway Drive in Irving. The property is 68 percent leased to tenants such as Verizon Wireless and the GSA. The complex totals 129,000 square feet. Larry McCorkle, Bo Bond and John Alvarado (now with CBRE) represented the seller, Rushmore Imperial Square, in the transaction. New York-based Angelic Real Estate arranged acquisition financing through Viewpoint Bank. Bruce Stern of Red River is teaming up with Jon Altschuler and Katie Chu of Altschuler and Co. to market the property for leasing.
PLANO — Dallas-based Winzer Corp. has awarded Alliance Architects the bid to design a new 139,000-square-foot office/distribution facility, which will be located at the corner of Plano Parkway and North Star Road in Plano. The build-to-suit facility will feature painted tilt wall panels, ribbon windows with a metal canopy, a freestanding entrance wall, two-story glass curtainwall and a two-story open-air lobby. Pacheco Koch Consulting Engineers is providing civil engineering design services, Hunt & Joiner Consulting Structural Engineers is providing structural design services, Belle Firma is providing landscape design services, Weeks Robinson Properties is the developer, Transwestern assisted Winzer in the site selection, Panattoni Construction is providing general contracting services and Pritchard Associates is serving as the construction manager.
HOUSTON — Hunington Properties has arranged the sale of an 82,868-square-foot retail property in Houston once leased to Home Depot. Todd Carlson of Hunington Properties represented the seller, Prosperity Bank, in the transaction. Carlson also procured the buyer, Silvestri Investments.
ABILENE — Quantum Real Estate Advisors has brokered the sale of two Family Dollar stores in Abilene. The 8,320-square-foot Family Dollar at 5277 Texas Ave. sold to a private investor for $1.08 million, while the other 8,320-square-foot store sold to a California-based private fund for $1.3 million. Family Dollar has 10 years left on its lease at both stores. Jordan Kaufman of Quantum represented the seller, a Houston-based private developer, in the sale of the Texas Avenue store. Kaufman also represented the seller of the other store, a California-based private fund.
PHOENIX – The 548-unit La Palma apartments in Phoenix has sold to Weidner Investment Services for $30.1 million. The community is located on West Bell Road. It is 90 percent occupied. The seller, LAP LLC, was represented by John Cunningham and Charles Steele of Jones Lang LaSalle’s Capital Markets. They were assisted by Darcy Miramontes, Diane Miramontes and Kip Malo of the firm’s San Diego office.
CORTE MADERA, CALIF. – The Preserve at Marinin Corte Madera has begun a $32.6-million renovation. The renovation will add 126 luxury apartment homes to the project, and will upgrade its seven buildings. The project is set to be completed in the third quarter of 2014. The Preserve at Marin, formerly known as Madera Vista, was recently purchased byApartment Investment and Management Company (Aimco).
LOS ANGELES – A 38,667-square-foot office building that is fully occupied by Aptium Oncology, a subsidiary of AstraZeneca, has sold to Beverly Quest LLC for $14.3 million. The trophy-class building is located at 8201 Beverly Blvd. in Los Angeles. Beverly Quest was represented by Steven Rayan of South Park Group. The seller, Aptium Oncology, was represented by Martin McDermott of Avison Young’s West Los Angeles office.
PHOENIX – Whispering Wind Corporate Center, a two-building, 75,050-square-foot office complex in Phoenix, has sold to New World Real Estate Investments I, LLC for $12.2 million. It is located at 2205 and 2225 W. Whispering Wind Drive. The complex is now fully occupied. New World was represented by Denver-based brokers, while the seller, affiliates of the Mack Company, was represented by Barry Gabel and Mindy Korth of CBRE’s Phoenix office.