Property Type

HFF SECURES $11.76M LOAN FOR LEGACY DRIVE VILLAGE

by admin July 19, 2012

PLANO — HFF has arranged $11.76 million in financing for the 138,154-square-foot Legacy Drive Village, a shopping center located at 7000 Independence Parkway in Plano. Kroger Signature anchors the 92 percent-leased center, which includes other tenants such as Domino's Pizza, Dunkin Donuts, Einstein Brother's Bagels, Palm Beach Tan and Subway. Travis Anderson of HFF arranged the 10-year loan through Prudential Mortgage Capital Co. on behalf of the borrower, a Cencor Realty Services joint venture.

July 19, 2012

NORTHMARQ ARRANGES REFINANCING FOR HOTEL SORELLA

by admin July 19, 2012

HOUSTON — NorthMarq Capital has secured first mortgage refinancing for the 255-room Hotel Sorella, located in the CITYCENTRE development in Houston. John Burke and Chad Owens of NorthMarq Capital's Houston office arranged the 10-year loan through a CMBS lender on behalf of the borrower, CITYCENTRE HOTEL PARTNERS. The loan includes two restaurants located at the base of the hotel: Yard House and Straits Restaurant. The hotel is managed by Houston-based Valencia Group.

July 19, 2012

Retail Texas

M&M BROKERS SALE OF DALLAS STARBUCKS

by admin July 19, 2012

DALLAS — Marcus & Millichap has arranged the sale of a 1,440-square-foot Starbucks, located at 3330 Oak Lawn Ave. in Dallas. Philip Levy of Marcus & Millichap's Fort Worth office represented the seller, a personal trust, in the transaction and procured the buyer, a partnership.

July 19, 2012

Multifamily Western

MONTEBELLA VILLAS APARTMENTS SELL FOR $3M

by admin July 19, 2012

PEORIA, ARIZ. — Montebella Villas Apartments in Peoria has sold to WE Villas at Montebella, LLLP for $2.95 million. The community is located at 10860 N. 85th Ave. The buyer was represented by Linda Gerchick of the Robinson Group. The seller, Montebella Villas, LLC, was represented by David Cravath of NAI Horizon’s Phoenix office.

July 19, 2012

Retail Western

CIRCLE K PROPERTY IN PHOENIX SELLS FOR $2.3M

by admin July 19, 2012

PHOENIX – A 3,078-square-foot property in Phoenix that is occupied by a Circle K Gas & Convenience store has sold to a family trust for $2,285,000. The single-tenant, triple-net leased retail property was built in 1987 at 1901 West Cactus Road. The transaction closed at a 7.35 percent cap rate. The buyer was represented by Jon Boland of Voit Real Estate Services in San Diego. The seller, D.E.E Holdings, was represented by Chris Maling and David Maling of Colliers International.

July 19, 2012

Retail Western

FAMILY DOLLAR LEASES SPACE IN FRESNO

by admin July 19, 2012

FRESNO, CALIF. – Family Dollar has leased 11,016 square feet of retail space in Fresno. The new location resides at 4027 N. Marks Ave. The property’s landlord is Lanmark Plaza, LLC. The transaction was executed by John Lee and Lewis Smith of Retail California.

July 19, 2012

Multifamily Southeast

EASTWOOD VILLAGE SELLS FOR $13.75M

by admin July 18, 2012

ASHEVILLE, N.C. — Akron, Ohio-based Summit Management Services has sold the 140-unit Eastwood Village, located at 32 Olde Eastwood Village Blvd. in Asheville, to Chicago-based Privet Investments for $13.75 million. Amenities include a swimming pool, clubhouse, outdoor kitchen, business center and a 24-hour fitness center. Hal Kern and Richard Montana of CBRE Group represented the seller in the transaction.

July 18, 2012

Industrial Southeast

ACCOSYS BUYS INDUSTRIAL PROPERTY FOR $3M

by admin July 18, 2012

SHREVEPORT, LA. — Accosys, the parent company of TVH Parts Co., has acquired a 60,000-square-foot distribution facility, located at 7245 W. Bert Kouns Industrial Loop in Shreveport, for $3 million. TVH will occupy the space starting in late October. Raymond Alley of Walker Alley & Associates represented the buyer in the transaction. KRH Wieland-Loop was the seller.

July 18, 2012

Retail Southeast

ZIFF BUYS S.C. RETAIL CENTER FOR $1.4M

by admin July 18, 2012

LEXINGTON, S.C. — Ziff Properties has acquired the 23,000-square-foot Colonnade at White Knoll, a shopping center located at 1787 S. Lake Drive in Lexington, from BB&T Bank for $1.4 million. Bill Simerville of Cassidy Turley represented the seller in the transaction. The buyer was self-represented by Christian Chamblee.

July 18, 2012

Retail Southeast

GROUND BREAKS FOR NEW LA FITNESS

by admin July 18, 2012

WINDERMERE, FLA. — Orlando-based Roger B. Kennedy Inc. has broken ground on a new 45,350-square-foot LA Fitness, located at 4768 The Grove Drive in Windermere. Cuhaci & Peterson designed the multi-million dollar property, which is slated for completion in November.

July 18, 2012

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