LAS VEGAS — M&L Self Storage, a 91,760-square-foot self-storage facility in Las Vegas, has sold to a REIT for $2.1 million. The facility was built in 1986 at 1675 North Lamb Blvd. It is currently 46 percent occupied. Cameron Glinton of Marcus & Millichap’s Las Vegas office represented both the buyer and the seller, a developer, in this transaction.
DENVER — A 17-unit apartment complex located at 15 Washington Street near Denver’s Washington Park neighborhood has sold to 15 Washington, LLC for $1.47 million. The complex was built in 1967. The buyer was represented by Jeff Johnson, Matt Ritter and Jim Knowlton of Pinnacle Real Estate Advisors. The seller represented itself in this transaction.
VICTORVILLE, CALIF. — Pacific Aviation Group, LLC and Fastenal Company have signed new leases at the Southern California Logistics Centre (SCLC) in Victorville. SCLC is a 2,500-acre industrial and commercial complex that is currently undergoing an expansion. Pacific Aviation signed a 64-month renewal that will allow the company to expand into a 58,732-square-foot facility. Fastenal Company signed a 36-month renewal for its 6,322-square-foot facility. The lease renewals were executed by Anita Tuckerman of Stirling Capital Investments.
JACKSONVILLE, FLA. — CBRE Group has arranged the $38.6 million sale of the 257-unit Villas of St. Johns, a Class A multifamily community located at 2054 Riverside Ave. in Jacksonville. The property is 97 percent leased. Brian Moulder and Dhaval Patel of CBRE Group represented the seller, Northwestern Mutual Life, in the transaction. The buyer was Bell Partners.
TALLAHASSEE, FLA. — A joint venture between DeBartolo Development and Banyan Tree Cos. has acquired the 122-room Hampton Inn & Suites, located at 3388 Lonnhladh Road in Tallahassee, for $12.35 million. Gray Morgan and Charles Reyner of Greenville, S.C.-based Windsor/Aughtry Co. represented the seller, AHG Hotels, in the transaction.
ROCK HILL, S.C. — Childress Klein has sold the 59,020-square-foot Riverview Commons, a shopping center located at the corner of Celanese and Mount Gallant Roads in Rock Hill, for $9 million. Food Lion and Dollar General anchor the center, which is 93 percent leased. David Webb and Rebecca Levell of Berkeley Capital Advisors represented the seller in the transaction. The buyer was an affiliate of Benbrooke.
ORLANDO, FLA. — The Diocese of Orlando has broken ground on the $2.4 million, 14,000-square-foot Good Shepherd Catholic Church, located in Orlando. Additionally, the existing church, located at 5900 Oleander Drive, will undergo renovations that will transform the building into parish office space and meeting rooms. The new property will feature several green elements, including a high-reflective roof membrane, high-efficiency mechanical systems, low-flow water fixtures and increased building envelope insulation. Orlando-based SchenkelShultz Architecture designed the church. Completion is slated for spring 2013.
GLEN BURNIE, MD. — Walker & Dunlop has arranged $16.25 million in financing for the 212,345-square-foot Chesapeake Square Shopping Center, located in Glen Burnie. ShopRite and Best Buy anchor the center, which is 90 percent leased. Additional tenants include Advance Auto Parts, Subway and Five Below. J. Tyler Blue and Paul Wallace of Walker & Dunlop secured the 10-year loan with a 30-year amortization schedule.
BATTLE CREEK, MICH. — Agracel Inc., an industrial developer, has purchased a 308,730-square-foot distribution building at 2500 Logistics Dr. in Battle Creek. The property is situated on 24 acres and features 26-foot clear ceiling heights, 33 truck docks, one drive-in door and 7,650 square feet of air-conditioned office space. The facility is situated midway between Chicago and Detroit off I-94 in the Fort Cluster Industrial Park. Rob Gemerchak of Binswanger represented the seller, MS Skyline LLC, in the transaction.
BISMARCK, N.D. — TMI Hospitality has opened North Dakota's first Residence Inn by Marriott, located at 3421 N. 14th St. in Bismarck. The 92-room, extended-stay hotel is located minutes from the Kirkwood Mall, the North Dakota State Capital and Bismarck State College. Amenities at the hotel include a full break fast buffet, swimming pool, exercise facility, meeting rooms and outdoor patio with fireplace. TMI owns and operates two other properties in Bismarck, the Fairfield Inn and Suites North and Fairfield Inn and Suites South.