MAYFIELD HEIGHTS, OHIO — Parmatown Realty I has acquired a 14,519-square-foot retail building leased to National Tire & Battery in Mayfield Heights for $2.8 million. National Tire & Battery has 21 years remaining on its 25-year lease. The property includes 3,998 square feet of vacant space. Mark Luttner of Luttner Real Estate Investment Services represented the buyer in the transaction. The seller is Mayfield Heights TK LLC.
ROCHESTER, MINN. — A 6,225-square-foot O'Reilly Auto Parts property in Rochester has sold for $981,000. Adam Prins and Matthew Hazelton of Marcus & Millichap represented the seller, a partnership. Brian Parmacek of Marcus & Millichap represented the buyer, a partnership.
KANSAS CITY, KAN. — Mattress Firm has signed a lease for 7,350 square feet of retail space at the Plaza at the Speedway on the northwest corner of I-435 and Parallel Parkway in Kansas City. David Block and Becky Goodman of Block & Co. represented the landlord, CMT Speedway, in the transaction.
WILMINGTON, MASS. — Campanelli has sold four properties totaling 198,000 square feet in Wilmington that are part of the GS Portfolio. Campanelli acquired the eight-building portfolio in 2010. Spaulding & Syle Investments acquired 255 and 261 Ballardvale in Wilmington for $5.8 million. The buildings total 85,067 square feet. Jones Lang LaSalle represented the seller in the transaction. In a separate deal, Cabot Properties purchased 10 Cornell Place and 265 Ballardvale in Wilmington for a combined $9 million. 10 Cornell Place is a 39,727-square-foot, single-tenant flex building that is net leased to FedEx until 2021. 265 Ballardvale is a 73,500-square-foot flex building that is fully leased to four tenants.
ISELIN, N.J. — Hatch Mott MacDonald, a consulting engineering firm, has signed a lease for 81,371 square feet of office space at MetroTop Plaza II, located at 111 Wood Ave. South in Iselin. The company plans to use the space for its corporate headquarters and is relocating from Millburn, N.J. The company is expected to occupy the space in early 2013. James Schroeder and Joe Messina of Studley represented the tenant in the transaction. Cushman & Wakefield represented the landlord, Atlantic Realty Development Corp.
FALL RIVER, MASS. — TAG Fall River Real Estate II LLC has acquired the 49-unit Clearview Apartments in Fall River for $3.4 million. The property, located at 4000 N. Main St., includes two buildings containing 42 two-bedroom units and seven one-bedroom units. The apartments feature central air conditioning and either a balcony or ground-level patio. Carl Christie and Dan McGee of NAI Hunneman represented the seller, Clearview Investments, in the transaction. They also procured the buyer.
NEWARK, N.J. — Hollister Construction Services has started work on the 9,000-square-foot New Jersey All Stars Center for Afterschool Development at 33 Washington St. in Newark. The building will open in 2013 as a headquarters for the All Stars Project, a nonprofit organization dedicated to promoting youth development. The facility will enable the organization to expand its programming and partnerships in the community. Douglas Balder, an All Stars Project National board member and architect, designed the project. Posen Architects will serve as architect of record.
DALLAS — Satterfield & Pontikes Construction has been selected to develop the 206,000-square-foot Billy Earl Dade Middle School, a $34.6 million project located east of downtown Dallas near the Cotton Bowl Stadium. The school will serve approximately 1,000 students and will feature 43 classrooms, a media center, visual arts area, special education classrooms, computer and science labs, two gymnasiums, auditorium, cafeteria and administrative space. Kell Munoz Architects/KAI Texas designed the school in compliance with standards set by the Texas Collaborative for High Performance Schools. Parsons will serve as project manager for the school's construction, which is slated to wrap up in summer 2013.
FORT WORTH — Colliers International has arranged the sale of Edge 55, a 55-unit, off-campus student housing development, located at 3517 S. University Drive in Fort Worth, that serves the students of Texas Christian University (TCU). The complex is located a half mile away from TCU's campus. Dorothy Jackman and Travis Prince of Colliers Student Housing Group represented the seller, investor Steve Berry's Campus Village Centre, in the transaction. Nick Fluellen of Marcus & Millichap represented the buyer, Shore to Shore Properties.
ARLINGTON — Cadence McShane Construction Co. has completed a two-story, 44,605-square-foot addition to Arlington High School, located at 818 W. Park Row Drive in Arlington, on behalf of the Arlington Independent School District. The addition includes 14 new classrooms and a cafeteria. Huckabee provided architectural services for the project.
