MCKINNEY — Family First Healthcare, the office of Demetria Smith, M.D., has opened a 2,196-square-foot office, located at 6717 W. Eldorado Pkwy., Ste. 120 at the Eldorado Office Park in McKinney. Rebecca Harrell and Jim Turano of Henry S. Miller Brokerage's represented the landlord, Eldorado Office Park LLC, in the lease transaction. Mike Cowherd of TH Physicians Group represented the tenant. Eldorado Office Park is currently 89 percent occupied.
Property Type
SAN ANTONIO — San Antonio-based SWBC has purchased the remaining interest in Dallas-based Royalton Real Estate Capital. The new name of the company will be SWBC Real Estate, and it will continue to focus on investing, acquiring and developing commercial real estate properties, especially multifamily, in San Antonio, Dallas/Fort Worth, Austin and Houston.
ENCINITAS, CALIF. — A 37,398-square-foot office building in Encinitas has sold to Westcore Properties AC, LLC for $6.8 million. It is located at 679 and 681 Encinitas Blvd. Westcore was represented by Joe Anderson and Brooks Campbell of Cassidy Turley San Diego. The seller, HBTFT LLC, was represented by Hans Strom of Strom Commercial.
LOS ANGELES — Quantum Capital Partners has provided $4.3 million in permanent financing for the redevelopment of 7000-7024 Melrose Ave. in Los Angeles. This property features a 23,000-square-foot, two-story building and a vacant lot. It contains a combination of retail and creative space, though it can be redeveloped for multiple different uses.
San Diego – A 23,325-square-foot flex building in the San Diego submarket of Sorrento Mesa has sold to Dard Property, LLC for $2,416,000. The building is located at 6010 Cornerstone Court. Dard was represented by Dean Asaro, who was formerly with CBRE. The seller, US Trust/Bank of America Wealth Management, was represented by Rob Merkin of CBRE and Brad Bennett, who acted as a third-party consultant.
SPARTANBURG, S.C. — The 369-unit Wildewood Apartments, located at 350 Bryant Rd. in Sparatanburg, has sold for $6.4 million. Tony Bonitati, John Gray and Kay Hill of Greenville, S.C.-based NAI Earle Furman represented the seller in the transaction. Bowman Investments, the buyer, plans to invest $1 million to renovate the property and rebrand it as Woodland Park Apartments.
WASHINGTON, D.C. — New Boston Fund has acquired 67,000 square feet of office space in an 11-story office building, located at 111 K St. NE in Washington, D.C. Jud Ryan of Cassidy Turley's Washington, D.C., office represented J Street Cos., the seller, in the transaction. The property was purchased as part of New Boston Fund VII.
BRADENTON, FLA. — The 80-bed Langdon Hall, an assisted living facility located at 1120 33rd Ave. W. in Bradenton, has sold for $4.9 million. The 55,275-square-foot building is 88 percent leased. Kenneth Carriero and Damien Carriero of Colliers International's Clearwater, Fla., office represented the seller, Ohio-based Langdon Hall LLC, in the transaction and procured the buyer, Chicago-based Aviv REIT.
PANAMA CITY, FLA. — Marcus & Millichap has negotiated the sale of the 53,600-square-foot Hickory Plaza Shopping Center, located at 406 S. Tyndall Pkwy. in Panama City. The property is 84 percent leased, and tenants include Dollar General, Anytime Fitness, Aaron's, The UPS Store and Subway. Tim Giambrone of Marcus & Millichap's Atlanta office represented the seller, Atlanta-based Shops at Friendship LLC. The buyer was a private investor from Maryland.
WILDWOOD, FLA. — A CVS/pharmacy located at 901 S. Main St. in Wildwood, has sold for $2.27 million. Michael Zimmerman of Calkain Cos.' Tampa, Fla., office represented the seller, a Louisiana-based private party, in the transaction. The buyer was a private equity group based in the Northeast. CVS has less then 8 years remaining on its lease.