MONTCLAIR, N.J. — Clarion Partners has purchased Montclair Residences at Bay Street Station, a 163-unit apartment community in Montclair. The property is fully leased and each unit features 9-foot ceiling heights, granite counter tops and washer and dryer units. Community amenities include a clubroom, fitness center and Internet cafe. The property is located 15 minutes from Manhattan. Jose Cruz of HFF represented the seller in the transaction.
UNION, N.J. — Marcus & Millichap has arranged the $3.4 million sale of two adjacent office buildings in Union. The buildings, located at 2810-2816 Morris Ave., are 97 percent occupied. Nat Gambuzza and Matt Radwan of Marcus & Millichap represented the seller, a local investor. They also secured the buyer, also a local investor.
NORWOOD, MASS. — Gallery Automotive Group has signed a 12,000-square-foot retail lease at 147 Morgan Dr. in Norwood. Gallery Automotive is a new and pre-owned car dealership featuring BMW, Honda, Mazda and Volkswagon brands. The company will house its auto parts division at the new space. Elliott Ravech of Elliot & Co. represented the landlord, CMI Property Inc., in the transaction.
CONROE — Levey Group will begin constructing a 14,000-square-foot office/warehouse facility in Conroe. The design/build project will house Oklahoma City, Okla.-based Kimray's Distributor division. Construction is slated to begin in January 2013.
GRAND PRAIRIE — Colliers International has arranged Delta Group Electronics' $1.5 million lease of 50,000 square feet of industrial space, located at 2920 N. Highway 360, Suite 100 in Grand Prairie. Tom Pearson and Chris Teesdale of Colliers International's Dallas office represented the tenant in the transaction. The landlord is TIAA.
WYLIE — Marcus & Millichap has secured the sale of the 76-unit Lakeside Village, an apartment community located at 301 W. Kirby St. in Wylie. Bard Hoover, Nick Fluellen and Robert Denninger of Marcus & Millichap's Dallas office represented the seller, an individual trust, in the transaction. The property is fully occupied.
SUNNYVALE — Texas Regional Medical Center at Sunnyvale has doubled the bed count of the emergency department in a $100,000 expansion. The emergency department's patient visit count has nearly doubled since 2010, when it recorded 18,000. Now the company expects to have nearly 30,000 patient visits in 2012.
COPPELL — CASE Commercial Real Estate Partners has arranged the sale of five acres in Coppell for a hotel development. The site is within one mile of Dallas/Fort Worth International Airport. Sava Holdings, the developer, has designed the property to consist of two limited-service hotels adjoined by a conference center. Bruce Endendyk, John Endendyk and Collin Prater of CASE represented the seller, BB&T Bank, in the transaction. Zenosh LLC is the buyer.
DESERT HOT SPRINGS, CALIF. – The Caliente Springs RV & Self Storage in Desert Hot Springs has sold to an unnamed buyer for $3.1 million. The 139,033-square-foot property is located at 15305 Little Morongo Road. Both the buyer and the unnamed seller were represented by Stephen Grossman of NAI Capital’s Orange County office in cooperation with C-III Realty Services, LLC.
TUSTIN, CALIF. – An 18,120-square-foot office building in Tustin has sold to Americana Project One, LLC, for $2.44 million. The vacant building is located at 111 Fashion Lane. Chuck Wilson and Blake Garrett of Colliers International represented both the buyer and the seller, Chu Family Trust, in this transaction.