LOS ANGELES — A nine-unit apartment building located at 11907 Texas Ave. in Los Angeles has sold to a private investor for $2.3 million. The community was built in 1975. The buyer was represented by Robert Narchi of Marcus & Millichap’s West Los Angeles office. The seller, also a private investor, was represented by Tony Azzi from the same office.
MCDONOUGH, FAIRBURN AND BRASELTON, GA. — An affiliate of USAA Real Estate Co. has acquired a three-building, 2.8 million-square-foot industrial portfolio in metro Atlanta. The Class A bulk distribution warehouses are fully occupied by Home Depot USA Inc., Owens Corning Insulating Systems LLC and PETCO Animal Supplies Stores Inc. Home Depot’s 1.2 million-square-foot distribution center is in McDonough, Owens Corning’s 1 million-square-foot distribution center is in Fairburn and PETCO’s 506,200-square-foot distribution center is in Braselton. “The Atlanta industrial portfolio offers a unique opportunity to acquire three premier quality distribution facilities within a core inland port market,” says Pat Duncan, chairman and CEO of USAA Real Estate Co. The buildings benefit from their proximity to the Port of Savannah.
MIAMI — Miami’s Hampton Village Apartments, a distressed apartment building built in the 1950s, will undergo a $20 million redevelopment into a new four-story affordable housing complex. Landmark Cos., Carrfour Supportive Housing and Special Asset Support Services Inc. are leading the redevelopment at 4301 N.W. 29th Ave. in Miami. It will create 100 newly redeveloped affordable housing units, providing permanent homes for residents at or below 60 percent of the area’s median income. Completion of the project is scheduled for late 2013.
DURHAM, N.C. — Crown Realty & Development has sold a 182,160-square-foot industrial property at 4400 Emperor Blvd. in Durham to Pizzagalli Properties for $11.5 million. The Class A facility is fully leased and situated on approximately 14.32 acres within the Imperial Center Business Park in Durham’s Research Triangle Park/I-40 submarket. Christopher Norvell, James Allaire and Catharine Spangler of Cushman & Wakefield/Thalhimer represented Crown Realty & Development in the transaction.
MIAMI — Ameriworld Enterprises Inc., which provides furnished offices, warehouse space and back-office support services to foreign companies and their subsidiaries looking to expand into the United States, has signed a 124,000-square-foot industrial lease at 3325 N.W. 70th Ave. in Miami’s Airport West submarket. The company is expanding and relocating from its previous 65,000-square-foot space in Opa-Locka, Fla. Steven Medwin and Nick Wigoda of Jones Lang LaSalle represented Prologis, the landlord, in the transaction. Mike Waite and Jim Armstrong of Easton & Associates represented Ameriworld Enterprises Inc.
NEW PRAGUE, MINN. — Phillips Edison — ARC Shopping Center REIT has acquired New Prague Commons, a shopping center in New Prauge, for $10.2 million. The property is anchored by Coborn's grocery store and is 98.2 percent leased. Coburn's has leased its space through May 2023. The acquisition brings the company's total portfolio to 21 properties. New Prauge is located 45 miles southwest of Minneapolis/St. Paul.
ARLINGTON HEIGHTS, ILL. — Essex Realty Group has arranged the sale of a two apartment properties in Arlington Heights, approximately 25 miles southwest of Chicago's central business district. The portfolio includes a total of 26 units, which are located at 908-10 W. Euclid. Doug Imber and Matt Welke of Essex represented the seller in the transaction. Jim Darrow and Jordan Gottlieb, also of Essex, represented the buyers.
CRYSTAL LAKE, ILL. — Marcus & Millichap has arranged the $6.7 million sale of Central Park Place, a 20,533-square-foot shopping center in Crystal Lake. Tenants include Starbucks, Subway, Sally Beauty and GameStop. Jeff Rowlett and Jason Ladner of Marcus & Millichap represented the seller, an Illinois-based developer, in the transaction. The buyer was a limited liability company from California.
AURORA, ILL. — International Transload Logistics has purchased 3675 Darlene Court, an 8,271-square-foot office building in Aurora. The company plans to use part of the building for its corporate offices and lease the remaining space. The building is located in the Meadow Lakes Corporate Park, about five miles south of I-88, and features lake views, a full basement and abundant parking. Jim Adler and Adam Johnson of NAI Hiffman represented the seller, TCF National Bank, in the transaction. John Cash and David Haigh of NAI Hiffman represented the buyer.
KANSAS CITY, MO. — Foot Locker plans to open a new House of Hoops store in the Skelly Building, located on the northeast corner of 47th Street and Pennsylvania Avenue in Kansas City. The 5,206-square-foot retail store is set to open in mid-November. The building is also home to Block & Co., Panera Bread and Bo Lings Chinese Restaurant. Foot Locker has 3,500 locations worldwide, but the House of Hoops concept store is one of only 76 retail stores in the world and features a variety of exclusive Nike Footwear and apparel. David Block of Block & Co. represented both parties in the transaction.