PHOENIX — TriGate Capital has acquired four shopping centers in the Greater Phoenix region for $28.3 million. They include Ahwatukee Mercado, Elliot Plaza, the Crossings at Fountain Hills, and Ventana Lakes Village Center. The centers contain a total of 306,959 square feet. The seller, C-III Asset Management, was represented by Lane Neville, Brad Ranly, Barbara Lloyd and Hunter Null with NAI Horizon, along with C-III Realty Services.
DENVER — The 426-unit Lakes at Monaco Pointe in Denver has sold to Coughlin and Company for $28 million. The company plans to invest an additional $3 million into the property. It was 95 percent occupied at the time of sale. ARA’s Terrance Hunt, Shane Ozment, Doug Andrews and Jeff Hawks represented the seller, Jackson Square Properties, in this transaction.
FLORENCE, KY. — L’Orè<
ATLANTA — The Connor Group has sold Block Lofts in Midtown for $34.2 million. The sale was the Dayton, Ohio-based company’s first in Atlanta since 2008. The Connor Group owns 17 multifamily communities in the Atlanta area, and it purchased Block Lofts in 2009 for $27.3 million. Block Lofts/WC-LC LLC and Block Lofts/AH-BWT LLC acquired the Midtown multifamily property from The Connor Group.
WASHINGTON, D.C. — CBRE Capital Markets has arranged a $21.3 million construction loan for the redevelopment of The Wonder Bread Building at 641 S Street in Washington, D.C. The seven-year loan was arranged on behalf of Washington, D.C.-based Douglas Development Corp. The redeveloped building, formerly a Wonder Bread distribution warehouse for Hostess, will contain approximately 82,000 square feet of office and retail space. The project is an adaptive reuse of the industrial property.
WEST PALM BEACH, FLA. — The 113,862-square-foot Sabadell United Bank building has traded for $15.4 million in West Palm Beach. The 12-story building was sold by PEBB Palm Beach Lakes LLC to Brookwood Sabadell Investors LLC. Dominic Montazemi, Scott O’Donnell, Marty Busekrus and Miguel Alcivar of CBRE’s Private Capital Group<
CELEBRATION, FLA. — A 49,000-square-foot Publix has opened at Water Tower Shoppes, replacing a 33,000-square-foot Gooding’s Supermarket, at 29 Blake Blvd. in Celebration. National retail tenants such as Joe’s Crab Shack, Pep Boys, Chick-fil-A and Exxon Mobil Oil surround the 124,000-square-foot Water Tower Shoppes, which opened in 2005. Orlando, Fla.-based Crossman & Co. manages and leases the retail property.
ST. LOUIS — McGrath & Associates has completed the $11 million renovation of the intensive care unit (ICU) on the fourth floor of Barnes-Jewish Hospital in St. Louis. The 36,700-square-foot renovation includes 36 new ICU rooms, patient care stations, support areas and family waiting areas. McGrath also installed three new mechanical units. The Lawrence Group was the architect.
WIXOM, MICH. — R2 Energy Inc. has signed a lease for 21,500 square feet of industrial space at 30110 Wixom Road in Wixom. R2 Energy specializes in alternative energy solutions, such as wind, solar and waste conversion. Jim Montgomery and David Giltner of Signature Associates represented the landlord, International Wixom, in the transaction.
COLUMBUS, OHIO — Accounting firm Clark, Schaefer, Hackett & Co. has signed an office lease for 18,363 square feet at 4449 Easton Way in Columbus. Randy Stephens and Doug Falor of CassidyTurley represented the landlord, Equity Office, in the transaction. Wayne Asmus of RJ Boll Realty represented the tenant.