DETROIT — The Roasting Plant, a New York-based coffee retailer, will open its first store outside of Manhattan this fall in Detroit's First National Building. Located at 660 Woodward, the first-floor shop will include on-site roasting and both indoor and outdoor seating. The Roasting Plant will offer 11 bean choices daily and use its Javabot system to individually create each customer's drink. Rock Ventures LLC, a real estate company owned by Quicken Loans founder Dan Gilbert, purchased the 800,000-square-foot First National Building in August 2011. Bedrock Real Estate Services represented both parties in the lease transaction.
FORT WAYNE, IND. — Morningstar Equity LLC has acquired a 32,700-square-foot retail building at 2200 Goshen Rd. in Fort Wayne. Bill Drinkall of NAI Harding Dahm represented the seller, Key Lanes, in the transaction. Mike Dahm, also of NAI Harding Dahm, represented the buyer.
BOSTON — A foreign investor has purchased One Faneuil Hall, an eight-story office and retail building in Boston, for $40 million. The 44,287-square-foot building is fully leased to three tenants: Abercrombie & Fitch, Boston Language Center and Cue Ball Group. Made from granite, travertine and marble, One Faneuil Hall was designed by award-winning architect Graham Gund and completed in 1989. It is located in the city's downtown Financial District, adjacent to 60 State St. and the Faneuil Hall Marketplace. The capital markets division of Jones Lang LaSalle represented the seller, Faneuil Hall Square LLC, in the transaction.
DOVER, DEL. — Marcus & Millichap has arranged the $3.3 million sale of a double net-leased Walgreens Pharmacy, located at 1205 S. State St. in Dover. Walgreens has 11 years remaining on its lease at the 12,000-square-foot property. Laurie Ann Drinkwater and Seth Richard of Marcus & Millichap represented the seller in the transaction. Derrick Dougherty, also of Marcus & Millichap, represented the buyer.
CAMBRIDGE, MASS. — AVEO Pharmaceuticals Inc. has signed a new, 12-year lease for 126,000 square feet of laboratory and office space at 650 Kendall St. in Cambridge. AVEO, a cancer therapeutics company, plans to use the six-story facility for its headquarters. A joint venture between BioMed Realty and Prudential Real Estate Investors owns 650 E. Kendall St., which is comprised of a 280,000-square-foot research facility.
HATBORO, PA. — Binswanger has acquired a 122,432-square-foot former Sam's Club at 1001 S. York Rd. in Hatboro, north of Philadelphia. The buyer, Benjamin Foods, has been leasing the facility since 2010 and the company exercised its option to purchase the facility from Upper Moreland Holdings LP. Benjamin Foods, a full-service food distributor, uses the facility for its warehouse and distribution space, as well as a retail cash and carry location. The facility includes six loading docks and parking for 917 vehicles. Chris Pennington of Binswanger represented the buyer in the transaction.
ARLINGTON — American Fidelity Assurance Co. has purchased the 267,780-square-foot JPMorgan Chase Bank Tower, located at 500 E. Border St. in Arlington. The 12-story, Class A tower is 95 percent leased to tenants including JPMorgan Chase, JPMorgan Chase Bank, Texas Health Resources and Trend Micro. CBRE represented the seller, Brookfield Real Estate Opportunity Group, in the transaction.
FLOWER MOUND — Tom Thumb Food & Pharmacy plans to open a 59,000-square-foot Tom Thumb store in the 140,000-square-foot Cross Timbers Village, a mixed-use shopping center located at the southwest corner of Bruton Orand Boulevard and FM 1171 in Flower Mound. The new location will be Tom Thumb's fourth location in Flower Mound. The property will feature a drive thru pharmacy, fuel station and a Starbucks. Cross Timbers Village is owned by Direct Development.
SULPHUR SPRINGS — Binswanger has arranged the sale of a 152,200-square-foot manufacturing/warehouse facility, located at 906 Hillcrest Drive in Sulphur Springs. The buyer, Pinnacle Cos., plans to invest more than $4 million into the property. Kipp Collins of Binswanger's Dallas office represented the seller, Greenball Corp., in the transaction.
WYLIE — Ross Stores will open a new, 22,000-square-foot facility, located at Woodbridge Crossing Shopping Center in Wylie. The shopping center is anchored by Super Target and Kohl's and includes retailers such as Rue 21 and Rack Room Shoes. Direct Development is handling the property's development.