NEW YORK CITY — The Family Center has signed a lease for 10,500 square feet of office space at 1295 Fulton St. in Brooklyn. The site will house a new Central Brooklyn mental health clinic, scheduled to open in September. Timothy King, David Muessel and Nicholas Hector of CPEX represented the landlord, Ash Unlimited, in the transaction. Carri Lyon of Cushman & Wakefield represented the tenant.
BOSTON — Neoscape, a creative design agency, has signed a 13,000-square-foot lease at 21-25 Drydock Ave. in Boston. Tim Howe and Tim Lyne of CBRE – N.E. Partners LP represented the landlord, Millennium Partners, in the transaction. Bill Barrack and Ben Heller of Jones Lang LaSalle represented the tenant.
RICHARDSON — CapLease Inc. has purchased a 318,000-square-foot office complex in Richardson for $46 million. The two-building, Class A office complex includes tenants such as an AT&T affiliate and MetroPCS Wireless. CapLease is expecting to receive a $20 million first mortgage loan with a 10-year term for the acquisition.
SOUTHLAKE — Cadence McShane Construction Co. has been awarded an expansion/renovation assignment for White's Chapel United Methodist Church, located at 185 S. White's Chapel Blvd. in Southlake. The project includes a two-story, 18,936-square-foot addition, renovation of the church's meeting space, landscaping and expanding the parking lot. Jacobs & Associates is providing architectural services for the assignment, which is slated for a December completion.
DALLAS — Marcus & Millichap has arranged the sale of the 85-unit Lakewood Club, an apartment community located at 200 N. Henderson Ave. in Dallas. Stephen Crittenden, Michael Ware and Will Jarnagin of Marcus & Milliichap's Dallas office represented the seller, an out-of-state private investor, in the transaction. Raymond Choi and John Bainer of Marcus & Millichap's San Diego, Calif., office procured the buyer, a California-based private investor in a 1031 exchange.
HOUSTON — Marriott International has opened a 120-suite Residence Inn, located at 1550 Barker Cypress Road in Houston. Dallas-based Texas Western Hospitality owns and manages the hotel, which goes by the name Residence Inn Houston I-10 West. The hotel features an outdoor swimming pool, a lobby area with HD TVs, a fitness center, breakfast buffet, outdoor fire pit, weeknight social hour and a complimentary business center.
SPRING — Fuddruckers has opened a 3,700-square-foot restaurant, located at 7724 Louetta Road in Spring. Fuddruckers now has 54 stores in Texas. Luby's Inc. is operating the new restaurant, which will feature a produce bar and the Coca-Cola Freestyle system.
TEMECULA, CALIF. — Madison Avenue Plaza, a two-building, 66,859-square-foot office project in Temecula, has sold to Providence Capital Speed Fund II for $5,825,000. The property is located at 27270-27290 Madison Ave. Providence was represented by Stan Tomer of CBRE. The seller, LNR Partners, LLC, was represented by Paul Lafrenz, Paul Komadina and Melissa Foster of the CBRE San Diego Private Capital Group, along with Dan Yeilding, also of CBRE.
PORTLAND, ORE. – The 36-unit Dalton Park Apartments in Portland has sold to Coan Trust et al for $3.1 million. The community is located at 14153 E. Burnside. The seller was CALA, LLC. John Brandhorst and Cliff Hockley of Sperry Van Ness | Bluestone & Hockley represented Coan Trust in this transaction.
TURLOCK, CALIF. — Old Navy will open a new 15,000-square-foot store in the Monte Vista Crossings shopping center in Turlock this fall. The power center is also home to Target, Lowe’s, Kohl’s, Home Depot and Safeway. It is owned by Hall Equities Group. Drew Greenspan and Staci Eisler Cole with Terranomics Retail Services represented Old Navy in this lease transaction.
