DALLAS — New York-based DRA Advisors has selected Dallas-based Stream Realty Partners to provide property management and leasing services for a portfolio of industrial properties in Texas and Georgia it acquired from Weingarten Realty Investors, which totals approximately 7 million square feet. The properties span across Atlanta, Austin, Dallas, Houston and San Antonio. Stream's leasing and management portfolio now totals nearly 85 million square feet.
MARSHALL — Levey Group recently executed a 10-year, build-to-suit lease agreement with Houston-based Philips Service Corp. (PSC) to construct a 28,000-square-foot industrial facility, located on a 9-acre tract of land along Highway 20 in Marshall. Levey Group will purchase, develop and own the site. Levey Construction, a division of Levey Group, is slated to break ground on the warehouse and crushed concrete laydown yard in September.
PFLUGERVILLE — Tarantino Properties has arranged the sale of the 85,268-square-foot Three Points Plaza, a shopping center located at 2700 W. Pecan St. in Pflugerville. The property is currently 56 percent leased. Nick Tarantino of Tarantino's Austin office represented the seller in the transaction. Steve Portnoy of Carlson Commercial Properties represented the buyer.
SAN DIEGO — HS Partners, LLC has purchased a six-property multifamily portfolio in San Diego for $9,331,000. The portfolio contains 51 units in the city’s North Park and University Heights neighborhoods. The buyer was represented by Robert Vallera of Voit Real Estate Services. The sellers, Goel Trusts A and B, were represented by Chris Siedenburg of Apartment Consultants, Inc.
LOS ANGELES — Nami Media has leased 11,700 square feet inside an office building that is part of the Howard Hughes Center in Los Angeles. The space resides within a 336,000-square-foot, Class A office building at 6701 Center Drive. The company is relocating from its Venice Boulevard location in West Los Angeles. The new space will allow Nami to expand its operation. Brian Davies and Dave Toomey of Cresa Los Angeles represented the tenant, while the landlord, Equity Office Properties, was represented by Rick Buckley and Beau Rawi of LA Realty Partners.
AURORA, COLO. — The Glenview Apartments, a 48-unit apartment community in Aurora, has sold to Elesyah, LLC for $1.75 million. The property is located at 16300 East Colfax. It was 98 percent occupied at the time of sale. Brice W. Head of Pinnacle Real Estate Advisors represented both the buyer and the seller, Glenview, LLC, in this all-cash transaction.
CARBARRO, N.C. —Fairfield Autumn Woods LLC has sold the 236-unit Autumn Woods Apartments, located at 222 Old Fayetteville Road in Carbarro for $26.25 million. Blake Oakland, Dean Smith, Sean Wood and John Heimburger of ARA’s Charlotte, N.C., office represented the seller in the transaction. The buyer was Centerville, Ohio-based The Connor Group. The property is 94 percent leased.
OAK BROOK, ILL. — Oak Brook-based Inland Real Estate Acquisitions has purchased a portfolio of nine retail bank branches located in Ohio, North Carolina, Florida and Georgia for a total of approximately $18.6 million. The portfolio includes five Ohio properties leased to KeyBank N.A., two Regions Bank locations in Georgia and two BB&T locations in North Carolina and Florida, which total 42,882 square feet. The buyer was self-represented by Joe Cosenza.
ORLANDO, FLA. — Aragon Holdings has purchased the 373-unit Abaco Key Apartment Homes, a Class A apartment complex located adjacent to the Walt Disney World Resort in Orlando. The property is 95 percent leased, and includes a fitness center, basketball and tennis courts, a pool with cabanas and sundeck, media and game room, outdoor kitchen with tables and a grill, business center and dog park. The Aragon Multi-Family Cash Flow Fund provided equity for the purchase.
MELBOURNE, FLA. — A 124,000-square-foot industrial building, located on 3900 Sarno Road in Melbourne, has sold to a local church for $2.5 million. The building, which was vacant at the time of the sale, includes 10,000 square feet of mezzanine space and 114,000 square feet of warehouse space. A local CBRE broker represented the seller, Roseview’s bank client, in the transaction. The Roseview Group oversaw significant improvements to the property, including a complete cleanup and mold removal.