Property Type

M&M BROKERS SALE OF RESERVE AT AUTUMN CREEK

by admin July 18, 2012

FRIENDSWOOD — Marcus & Millichap has arranged the sale of the 218,871-square-foot Reserve at Autumn Creek, a multifamily community located at 3102 W. Bay Area Blvd. in Friendswood. The property features two lakes, open parks with picnic areas, a resort-style swimming pool with a gazebo, an outdoor fireplace, sand volleyball court, clubhouse, business center and a detached fitness facility. Norman Eastwood of Marcus & Millichap's Dallas office represented the seller, a California-based partnership, in the transaction. The buyer was a Florida-based partnership.

July 18, 2012

FORMER LUBY'S CAFETERIA IN DALLAS SELLS

by admin July 18, 2012

DALLAS — Luby's Fuddruckers Restaurants LLC has sold a 11,516-square-foot former Luby's Cafeteria, located at Meadow Central Market at 10425 N. Central Expressway in Dallas. Larry Leon, Kelly Hampton and Ross McCook of Venture Commercial represented the seller in the transaction. Bruce Fry of Bruce B. Fry Co. represented the buyer, SRS Holdings.

July 18, 2012

Retail Texas

MIMCO ACQUIRES BARON'S CREEK SHOPPING CENTER

by admin July 18, 2012

FREDERICKSBURG — MIMCO Inc. has purchased the 69,000-square-foot Baron's Creek Shopping Center, located in Fredericksburg. The shopping center includes tenants such as Beall's, Dollar Tree and AT&T.

July 18, 2012

Hospitality Texas

MERCANTILE CAPITAL PROVIDES $3.15M HOTEL LOAN

by admin July 18, 2012

NEW BRAUNFELS — Mercantile Capital Corp. has closed a $3.15 million SBA 504 loan for the 61-room Best Western Inn & Suites, located in New Braunfels. The 29,948-square-foot hotel features an outdoor pool, an outdoor spa and meeting facilities. Mercantile Capital Corp. provided the loan on behalf of the borrower, New Braunfels Hospitality.

July 18, 2012

Retail Western

CHASE BANK PROPERTY IN WEST LA SELLS FOR $7.5M

by admin July 18, 2012

LOS ANGELES — A 5,000-square-foot, single-tenant property occupied by Chase Bank has sold to Golden Matrix for $7.51 million. The space is located at 11975 Santa Monica Blvd. The sellers, HJRJ LLC, et al., were represented by Charles DeSantis of Charles Dunn Company.

July 18, 2012

Multifamily Western

LAS VEGAS APARTMENT COMPLEX SELLS FOR $3.3M

by admin July 18, 2012

LAS VEGAS – An 87-unit apartment complex in Las Vegas has sold to Kothari Property Group for $3.35 million. The community is located at 5055 Tamarus Street. The seller, Tamarus Apartments, was represented by Patrick Sauter, Art Carll and Devin Lee of NAI Sauter Companies in Las Vegas.

July 18, 2012

Industrial Western

FOREVER COLLECTIBLES LEASES 146,362-SF COMPTON DISTRIBUTION FACILITY

by admin July 18, 2012

COMPTON, CALIF. — Forever Collectibles California has leased a 146,362-square-foot facility in Compton. The company plans to use the space, located at 1600 Anderson Ave., as a distribution center. Forever Collectibles was represented by Barry Hill of Jones Lang LaSalle. The landlord, Prologis, was represented by David Prior, Todd Taugner and Frank Schulz of The Klabin Company/CORFAC International’s Torrance office.

July 18, 2012

Multifamily Western

INDIAN CANYON APARTMENTS SELLS FOR $1.5M

by admin July 18, 2012

PHOENIX – The 72-unit Indian Canyon Apartments in Phoenix has sold to Hanson Capital Group for $1.55 million. It is located at 2130 W. Indian School Road. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both the buyer and the seller, Raul Tapia and Ofelia Tapia Trust, in this transaction.

July 18, 2012

Office Southeast

LINGERFELT BUYS OFFICE PORTFOLIO FOR $41M

by admin July 17, 2012

NASHVILLE, TENN. — Richmond, Va.-based Lingerfelt Cos. has acquired the Nashville Airport North Portfolio, a five-building, Class A office portfolio in Nashville, from Highwoods Properties for $41 million. The properties, which total 484,047 square feet, are located in BNA Corporate Center, Lakeview Ridge Office Park and Century City Office Park. The portfolio is 86 percent leased.

July 17, 2012

Mixed-Use Southeast

FLA. APT. COMPLEX SELLS FOR $15.9M

by admin July 17, 2012

ORLANDO, FLA. — The 252-unit Lexington Park Apartments, located on Westgate Drive in Orlando, has sold for $15.9 million. Cole Whitaker, Hal Warren and Jason Stanton of Hendricks & Partners represented the seller, an institutional investor, in the transaction.

July 17, 2012

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