GRAND PRAIRIE — Saks Fifth Avenue OFF 5TH has opened its ninth Texas location at the new Paragon Outlets in Grand Prairie. The 27,548-square-foot store is the company's 64th location.
Property Type
COPPELL — The Learning Experience Academy of Early Education has leased an 11,000-square-foot office building, located at 123 E. Sandy Lake Road in Coppell, near Dallas. The lease term is 15 years. The property will include a 5,200-square-foot playground. Bob Buell of Fults Commercial Real Estate represented the landlord, 3B Developers, in the lease transaction. Jordan Meyerson of ComRealty Group represented the tenant.
IMPERIAL BEACH, CALIF. – A 14,884-square-foot retail property occupied by CVS in Imperial Beach has sold to Drooz Trust for $7 million. It is located at 800 Palm. Drooz was represented by Hamid Soroudi and Kimberly Roberts Stepp of Charles Dunn Company. The seller, Imperial Beach Promenade, LLC was represented by Sam Hanna of Marcus & Millichap.
LOS ANGELES – The Alexan, an 18-unit apartment complex in Los Angeles, has sold to an individual/personal trust for $3.4 million. The community is located at 724 South Berendo Street. Neema Ahadian of Marcus & Millichap’s West Los Angeles office represented both the buyer and the seller, a limited liability company, in this transaction.
ONTARIO, CALIF. – Sempermed USA and Googol Engine Tech have leased a total of 68,285 square feet of industrial space within Ontario’s Cobalt Business Center. The 111,890-square-foot industrial complex is located at 4051 Santa Ana Street and 710 Dupont Ave. Sempermed leased 37,490 square feet at 710 S. Dupont, while Googol leased 30,785 square feet at 4051 Santa Ana. Ruben Goodsell, Jeff Bellitti and Mike McCrary of Jones Lang LaSalle Los Angeles represented the landlord, Cobalt Industrial REIT III, in this transaction. Sempermed was represented by Barret Woods of Lee & Associates, and Googol was represented by Nancy Chen of Home Times Group.
FORT LAUDERDALE, FLA. — OneBlood has purchased a 75,000-square-foot office building, located at 3000 W. Cypress Creek Road in Fort Lauderdale, from the Florida Department of Financial Services for $9.8 million. MIchael Fay and John Crotty of Colliers International represented the buyer in the transaction, and Robert Listokin and Sal Bonsignore, also of Colliers International, represented the seller. The buyer will fully occupy the building, creating the BloodBank of Florida.
CHARLOTTE, N.C. — Percival McGuire has broken ground on the $7 million, 35,000-square-foot Northlake Plaza, a retail center located at 7809 W. W.T. Harris Blvd. in Charlotte. The center is pre-leased to McDonald's, Buffalo Wild Wings and Discount Tire. Percival McGuire is also planning a fourth building totaling 10,000 square feet for the property. McDonald's is slated to open in the first quarter of 2013, and Buffalo Wild Wings and Discount Tire will open in the second quarter of 2013.
CHARLESTON, S.C. — 484 King St. LLC has sold an 18,000-square-foot warehouse and showroom, located at 482 King St., 484 King St. and 83 Mary St. in Charleston, for $3.5 million. Richard Morse of Palmetto Commercial Properties represented the seller in the transaction. Bill Edlund, also of Palmetto Commercial Properties, represented King Street Enterprises, the buyer.
PALM BEACH GARDENS, FLA. — Hamptons PBG, a joint venture between ZOM Florida and Northwestern Mutual, has broken ground on the 224-unit The Hamptons at Palm Beach Gardens, a luxury multifamily community located in Palm Beach Gardens. Amenities will include a clubhouse, resort-style pool, fitness center, internet lounge and pet salon. Current Builders is the general contractor for the project and ZRS Management is the property management. Completion is slated for December 2013.
CHARLOTTE, N.C. — Capital Advisors has arranged $3.95 million in refinacing for the 158,231-square-foot Conbraco Industrial Building, located at 701 Matthews-Mint Road in Charlotte. Ridge Stafford of Capital Advisors arranged the 25-year, fully amortizing loan through Standard Insurance Co.