BOULDER CITY, NEV. — Los Posados Shopping Center, a 26,192-square-foot retail center in Boulder City, has sold to Los Posados Plaza, LP, for $2,277,250. The center is located at 802 Buchanan Blvd. Notable tenants include Radio Shack, Great Clips, The UPS Store and Anytime Fitness. The seller, GMACCM Note #802, LLC, represented itself in this transaction.
Property Type
FULLERTON, CALIF. — Progressive Marketing Products/Premier has signed a five-year lease for 62,396 square feet of industrial and office space in Fullerton. The Class A facility is located at 1321 State College Blvd. Progressive was represented by Ian Britton and Clyde Stauff of Colliers International. The landlord, DSA State College Business Park, LLC, was represented by Britton and John Long, also of Colliers.
HOLLYWOOD, CALIF. — A vintage English Tudor 7 Unit apartment complex in Hollywood has sold to Nick Sasano for $1.8 million. The property is located at 2062 Argyle Ave. The seven-unit complex was built in 1929. The seller, Argyle Ave LLC, was represented by Tim Steuernol and Rob Zaharia of NAI Capital’s West LA office.
MIAMI — Canyon-Johnson Urban Funds has plans to build the 235,000-square-foot Fontainebleau Park Plaza, a Walmart-anchor neighborhood shopping center located at the intersection of West Flagler Street and SW 92nd Avenue in Miami's Flagler Corridor. Rod Castan of Courtelis Co. is the leasing agent for the project. Construction is slated to begin in the second half of 2012.
CHARLOTTE, N.C. — UPHIC Associates has plans to invest $5 million for a renovation of the 174-room Holiday Inn Charlotte University, located at 8520 University Exec Park Drive in Charlotte. Amenities include 5,000 square feet of flex meeting space, a business center, free wireless internet, fitness center, outdoor pool and The University Patio & Grill. The company, an affiliate of GF Management, recently acquired the property. Beacon Hospitality Partners represented the seller in the transaction.
JACKSONVILLE, FLA. — A 58,600-square-foot industrial building, located at 205 Commercial Drive in Jacksonville, has sold for $2.37 million. Bryan Bartlett of Grubb & Ellis/Phoenix Realty Group represented American Builders and Contractors Supply Co., the seller, in the transaction. The buyer was 2G Energy AG.
WAKE FOREST, N.C. — A 6,468-square-foot retail property, located at 11735 Retail Drive in Wake Forest, has sold for $1.35 million. Sam DiFranco of Cresa represented the buyer, Buffalo Brothers Properties, in the transaction. Marlene Spritzer of Spritzer Commercial Properties represented the seller, Texas Steak Ltd. The property will be the third Buffalo Brothers restaurant located in the Triangle.
POMPANO BEACH, FLA. — T.M.D. Holdings has sold a 21,523-square-foot warehouse, located at 2301 NW 33rd Court in Pompano Beach, to Murr 2301 for $1.33 million. Randy Rauch of Pompano Beach-based Rauch Realty Group represented the buyer in the transaction. Bank of America, NA, provided a first mortgage loan to the buyer.
DUBLIN, OHIO — Cooper Commercial Investment Group has arranged the $5 million sale of The Shops at Avery in Dublin. The property is fully leased and tenants include Huntington National Bank, FedEx and Caribou Coffee. The center is located near I-270 and is just minutes from downtown Dublin. Dan Cooper of Cooper Commercial Investment Group represented the sellers in the transaction. The buyers were a local private group.
PEORIA, ILL. — The Philipsborn Co. has arranged $1.8 million in first mortgage financing for Fieldmoor Apartments, a 150-unit complex at 1601 W. Gift St. in Peoria. The property includes 75, two-story duplexes and two, one-story maintenance buildings. David Kubert of The Philipsborn Co. arranged the 15-year, fixed-rate loan through a correspondent insurance company. The borrower is a limited liability company.