NEW YORK CITY — DWS, a footwear and accessories retailer, has opened a new store at 34th Street in Manhattan. The company also announced plans to open a store on the Upper West Side at 79th and Broadway this summer. At more than 33,000 square feet, the 34th Street store is one of the largest in the DSW chain. It includes three floors of retail space. The DWS store opening at 79th and Broadway will total 32,000 square feet.
ARLINGTON — Mace Security International has disposed of a car wash facility, located in Arlington, for $2.1 million. Mace Security netted approximately $1.57 million after closing costs and paying off the related mortgage debt of $512,000. Mace now owns one car wash facility and leases one in Texas, which the company is seeking to dispose in keeping with its strategic departure from the car wash business.
HALTOM CITY — Marcus & Millichap has arranged the sale of the 88-unit Waldemar, a multifamily property located at 4812 Waldemar St. in Haltom City. Al Silva of Marcus & Millichap's Fort Worth office represented the seller, a Texas-based partnership, in the transaction, and secured the buyer, a private investor. The new owner plans to make upgrades to the property, which is approximately 90 percent occupied.
ALLEN — PFSweb will relocate its corporate headquarters to 95,877 square feet of office space, located in the Allen Millennium Park facility at 505 Millennium Dr. in Allen. Renovations to the space, which has been vacant for more than 8 years, will be designed by Corgan Associates and constructed by MAPP Construction. Grant Sumner and John Dickerson of Peloton Commercial Real Estate's Dallas office represented the landlord, Capital Commercial Investment, in the lease transaction. Rick Hughes and Dan Cook of Cushman & Wakefield of Texas' Dallas office represented the tenant.
HOUSTON — New York City-based Hudson Realty Capital has provided a $6.9 million bridge loan for an undisclosed 272-unit apartment complex, located in the greater Houston area. The borrower, an undisclosed multifamily owner/operator, is using the loan to acquire the property and fund renovations. The complex is 84 percent occupied.
HOUSTON — New York City-based Hudson Realty Capital has provided a $6.9 million bridge loan for an undisclosed 272-unit apartment complex, located in the greater Houston area. The borrower, an undisclosed multifamily owner/operator, is using the loan to acquire the property and fund renovations. The complex is 84 percent occupied.
ROUND ROCK — Aries Capital has arranged a $5 million construction loan for a new 83-room Microtel, located in Round Rock. The property is owned by Longhorn Lodging Partners and will be managed by Caerus Hospitality Partners. Leonard Smith of Aries Capital's Houston office arranged the loan.
FAYETTEVILLE, GA. — Nightingale Properties has acquired the 256,903-square-foot Banks Crossing, located at 134 Banks Crossing in Fayetteville, from Banks Crossing Associates for $19.5 million. JC Penney, Kroger, Guitar Center, Farmers House Furniture, CitiFinancial and Goodyear anchor the property, which is 97 percent leased. Whitney Knoll, Fred Victor, Mark Hillis and Andrew O' Brien of Newmark Knight Frank's Atlanta office represented the seller in the transaction.
ORLANDO, FLA. — A 14,490-square-foot Walgreens, located at 1835 W. Sand Lake Rd. in Orlando, has sold for $10.03 million. Lori Schneider of Marcus & Millichap's Fort Lauderdale, Fla., office represented the seller, a local developer, in the transaction. The sales price is the highest amount paid for a Walgreens in the Southeast since 2010.
CARY, N.C. — Edinburgh Cary Office has purchased a four-propery office portfolio totaling 115,027 square feet in Cary for $7 million. The properties include 113, 117, 125 and 130 Edinburgh South Drive. Jim McMillan and Curteis Calhoun of Grubb & Ellis/Thomas Linderman Graham's Raleigh, N.C., office represented the seller, Edinburgh Investments, in the transaction.
