HOUSTON — Brookfield Office Properties has leased 163,950 square feet of office space to Chevron U.S.A. at 1600 Smith Street, a 1.23 million-square-foot office building located in Houston. Tim Relyea of Cushman & Wakefield of Texas represented the tenant in the lease transaction. Brookfield Office Properties was self-represented by Margaret Sigur and Paul Frazier.
ALLEN — Bright Realty has secured a new lease and expansion of 1,411 square feet of retail space for Fred's Downtown Philly, located in the Shops of Bethany at Greenville Avenue and Bethany Drive in Allen. Kerry Assa and Britton Lankford of Bright Realty represented the landlord in the lease transaction. Fred's Downtown Philly was self-represented.
AURORA, COLO. — The Bahamas Apartments, a 100-unit apartment community in Aurora, has sold to Fitzsimons Place, LLC for $3 million. The property is located at 1568 Nome Street. The sale was brokered by Brice Head of Pinnacle Real Estate Advisors.
RIO RANCHO, N. MEX. — Southern & Unser Shops, a 9,135-square-foot retail center in Rio Rancho, has sold to PASSCO Companies for $2.85 million. The Class A center was built in 2011 and is fully occupied. Notable tenants include Five Guys Burgers and Fries, Papa Murphy’s, Supercuts, Nutrishop, Sushi King and Cold Stone Creamery. Passco was represented in-house by Alan Clifton, while the seller, Southern & Unser LLC, was represented by Jim Wible of NAI Maestas & Ward.
SORRENTO MESA, CALIF. – Mesa Rim Corporate Center, a 23,277-square-foot flex industrial building in the Sorrento Mesa region of San Diego, has sold to SR Commercial for $2.12 million. The property is located at 6675 Mesa Ridge Road. SR was represented by Vincent Punzi with VPC. The seller, ECT Mesa Ridge, LLC, was represented by Paul Komadina of CBRE Private Capital Group, along with Paul Lafrenz of CBRE Private Capital Group.
ROCKVILLE, MD. — Matan Cos. has acquired the 220,539-square-foot Rockville Corporate Center, a two-building office property located at 15 and 45 W. Gude Dr. in Rockville, for $54.2 million. Both buildings are fully leased. Paul Collins, Bill Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy Turley represented the seller in the transaction.
TAMPA, FLA. — IPA has arranged the $14 million sale of the 216-unit Lakes of Northdale, a Class B multifamily property located at 16297 Northdale Oaks Dr. in Tampa. Amenities include a clubhouse with WiFi, resort-style swimming pool with spa, a resident business center, redwood saunas, laundry facilities and 70 carports. Jamie May of IPA represented Sentinel Real Estate Corp., the seller, in the transaction. Robbins Property Associates was the buyer.
ATLANTA — MAA has purchased the 230-unit Allure in Buckhead Village, a mid-rise multifamily apartment community located at 360 Pharr Rd. in Atlanta. Amenities include a resort-style swimming pool with a sun deck, fitness center and outdoor kitchen. The buyer plans a complete renovation of the apartment unit interiors with upgrades, including stainless steel appliances, new counter tops and enhanced lighting and plumbing fixtures.
ATLANTA — Walker & Dunlop has arranged $18.7 million in Fannie Mae financing for the 336-unit Calibre Springs, a garden-style apartment complex located at 800 Lake Placid Dr. NE in Atlanta's Sandy Springs submarket, on behalf of Sterling Trust. Phil Davis of Colliers International originated the 5-year loan, which has 5 years of interest-only payments. Charlie Mentzer led the Walker & Dunlop team.
MIAMI — Aztec Group has arranged a $7.02 million permanent loan for the 63,480-square-foot Winn-Dixie, located at 3275 Coral Way in Miami. Jason Shapiro and Jim Fried of Aztec Group arranged the 10-year, non-recourse loan through a local bank. The store recently underwent a $6 million renovation, which included upgrading the property's exterior facade, expanding and improving the deli, seafood and produce departments and adding more freshly-made food options.
