NEW YORK CITY — Mackenzie-Childs has signed a long-term lease for 7,700 square feet of retail space in the Plaza District. The home furnishings, tableware and gift company will relocate from its existing location at 14 W. 57th St. to 20 W. 57th St., between Fifth and Sixth avenues. Mackenzie-Childs plans to reopen by the fourth quarter of 2012. Robert Futterman and Brandon Eisenman of RKF represented the landlord, Solow Realty & Development Co., in the transaction. Jeffrey Roseman of Newmark Grubb Knight Frank represented the tenant.
NEWINGTON, CONN. – Davidson Co. has signed a long-term lease for 120,544 square feet at a warehouse facility in Newington. The newly renovated industrial building, located at 367 Alumni Road, features new roofing, an updated and electrical system and additional loading docks. Chris Metcalfe and Bill Bronson of CBRE North East Partners represented the landlord, The Hampshire Cos., in the transaction. Ed Godin of Matthews Commercial Properties represented Davidson Co.
LEVITTOWN, N.Y. — Dots, the women's fashion apparel and accessories retailer, has signed a lease for 4,000 square feet at Crescent Plaza Shopping Center, located at 3507-3567 Hempstead Turnpike in Levittown. The store, the chain's ninth in Long Island, opened June 14. Jayson Siano of Sabre Real Estate Group represented Dots in the transaction. The landlord, Feil Organization, was represented in-house by Randy Briskin.
DALLAS — Prologis has signed a build-to-suit agreement to construct a 398,000-square-foot industrial property in Dallas for Prime Distribution Services. The property has been designed to the City of Dallas Green Building Program specifications, making it eligible for LEED certification. The building has also been designed to accommodate an additional 187,000-square-foot expansion. The property will break ground this month and is slated for a February 2013 completion.
DALLAS — Dallas-based 7-Eleven has acquired 23 convenience stores across Texas from Strasburger Enterprises. The stores are primarily under the Quix brand name, and 7-Eleven will have the stores rebranded by the end of the year. This acquisition brings the total number of Texas 7-Eleven locations to 570.
DALLAS — Marcus & Millichap has arranged the sale of the 229,000-square-foot USA Pallet & Logistics Service Center, located at 2829 Sea Harbor Road in Dallas. The industrial property is net-leased to USA Pallet & Logistics for a 10-year term. Scott Ryan of Marcus & Millichap's Austin office and Geoffrey Ficke of the firm's Dallas office represented the seller, a limited liability company, in the transaction. Sam Hanna of Marcus & Millichap's San Diego office represented the buyer, an individual trust.
GALVESTON — The 12-story, 87,140-square-foot 2201 Market Street, a historic office building also known as The U.S. National Bank Building located in Galveston, has sold. The office building's tenants include Frost Bank and the University of Texas Medical Branch. The building was built in 1925 to house the U.S. National Bank. Christopher Dray of Moody Rambin Investment Services Group represented the seller, Frost National Bank, in the transaction.
SCOTTSDALE, ARIZ. — Sonora Village in Scottsdale has received a $33.65-million acquisition loan. The loan on the 248,322-square-foot community shopping centerfeatures a 10-year term, two years of interest-only and a 30-year amortization schedule. It was arranged for the buyer by NorthMarq via its relationship with a CMBS lender.
MANHATTAN BEACH, CALIF. – A 123,000-square-foot office building located at 1500 Rosecrans Ave. in Manhattan Beach has received $27 million in first-mortgage financing. This building is within the Continental Park. The 10-year, fixed-rate, non-recourse loan was placed with a life insurance company at less than 5 percent. It also contains two years of interest-only payments. The loan was arranged by Sonnenblick-Eichner Company on behalf of the owner, an affiliate of Continental Development Corporation.
BEAVERTON, ORE. — A 449,245–square-foot industrial complex called 217 Distribution Center has sold to Kansas City Life for $23.35 million. The five-building center is located in Beaverton and was 96.5 percent occupied at the time of sale. The seller was Schnitzer Investment Corp. The transaction was executed by Mary Sullivan, John Jugl, Jr., Buzz Ellis and Paige Morgan of Jones Lang LaSalle.