HOUSTON — Transwestern has secured the sale of the 161-unit Mirabella, a multifamily community located at 3001 Hillcroft St. in Houston. Ed Cummins of Transwestern represented the seller, G.I.C. Investments, in the transaction. The buyer was Vende Capital. Transwestern's Houston Multifamily Group has completed 11 sales transactions totaling 3,288 units in the past three months.
HOUSTON — Jones Lang LaSalle has arranged a 116,000-square-foot lease for an industrial property, located in the Hempstead Highway Distribution Center at 11850 Hempstead Highway in Houston. The tenant, Dal-Tile, is renewing its existing 75,000-square-foot lease and is expanding an additional 41,000 square feet. John Talhelm and Kevin Erck of Jones Lang LaSalle represented the tenant in the lease transaction. Brian Gammill of Transwestern represented the landlord.
PLANO — Walker & Dunlop have secured a $27.5 million loan under HUD's 223(f) program for the 364-unit Carrington Apartments, a Class A, garden-style complex located in Plano. The complex features two swimming pools, a nine-hole putting green, a clubhouse, fitness facility, business center and coffee bar. The complex is currently 96 percent occupied. Michelle Warner of Walker & Dunlop, along with Pat McFarland of Churchill Capital Co., arranged the loan with a 35-year amortization schedule. The sponsor was The England Group.
LONG BEACH, CALIF. – The General Services Administration – Federal Bureau of Investigation (GSA-FBI) has signed a 15-year lease for a total of 22,264 square feet at 4811 Airport Plaza in Long Beach. The FBI will occupy the entire 15th floor of the building, as well as 1,000 square feet on the ground floor. The lease is valued at $9.6 million. The landlord, 4811 Airport Plaza, LLC, was represented by Jeff Coburn, Shaun McCullough, Dylan Espley-Jones and Say Jeon of Lee & Associates Los Angeles – Long Beach.
PHOENIX – Goodwill has leased a 50,000-square-foot space at the northwest corner of Thomas Road and 32nd Street in Phoenix. The company will be expanding and relocating to this new space once it opens in early 2013. Goodwill was represented by Andy Kroot of Velocity Retail. The landlord, Bodega Latina Corporation, was represented by Ed Beeh and Robbie Petty of SRS Real Estate Partners.
OAKLAND, CALIF. – The 39-unit Kensington Plaza apartments in Oakland has sold to a limited liability company for $2.47 million. The community was built in 1928 and is located at 1757 26th Ave. David Wolfe of Marcus & Millichap represented both the buyer and the seller, a government agency, in this transaction.
FORT MILL, S.C. — Beacon Partners has acquired a 303,188-square-foot industrial property, located at 2200 Carolina Place Drive in Fort Mill, for $4.7 million. The property is currently vacant. The buyer plans to renovate the property to improve its functionality and appearance. Lawrence Shaw of Colliers International represented Sterling Properties, the seller, in the transaction.
FAIRFAX CITY, VA. — CBRE Group has arranged the $4.12 million sale of a 19,000-square-foot office building, located at 4010 University Drive in Fairfax City. The property is fully leased to law and accounting firms. William Prutting of CBRE Group represented the seller in the transaction. The buyer was a private investor.
DEERFIELD BEACH, FLA. — Boywic Farms Ltd. has sold a 37,489-square-foot industrial property, located at 508 S. Military Trail in Deerfield Beach, to Novomatic Americas Real Estate for $3.4 million. Martin Buelow of Sellstate Priority Realty represented the buyer in the transaction. Todd Weaver of NAI Rauch Weaver Norfleet Kurtz & Co. represented the seller.
PINELLAS PARK, FLA. — AIMCO has sold the 192-unit Runaway Bay, an apartment complex located at 4701 88th Ave. N. in Pinellas Park, to J.I. Kislak Inc. Amenities include a clubhouse, resort-style swimming pool, lighted tennis court, fitness center and tot lot area. The property is 92 percent leased. Jamie May of Institutional Property Advisors represented the seller in the transaction.
