DUNCAN, OKLA. — Hunter Realty has arranged the $7.5 million sale of the 78-room Hampton Inn, located off of U.S. Highway 81 in Duncan. Gary Mills of Hunter Realty's Dallas office represented the seller, Simran Hotels, in the transaction. The buyer was St. Louis-based Midas Hospitality. The deal includes a 1-acre parcel of land fronting the hotel.
Property Type
DALLAS — Dallas-based Capstone Commercial Real Estate Group has brokered the sale of a 12,228-square-foot office/warehouse property, located at 4241 Sigma Rd. in Dallas. Larry Robbins of Capstone represented the undisclosed seller in the transaction. Nathan Malka of Dallas-based Gable Realty Group represented the buyer, a local investor.
GRAND PRAIRIE — B&E Industries has leased 72,865 square feet of office/warehouse space, located at 2895 133th St. in Grand Prairie. Michael Stanzel of NAI Robert Lynn's Dallas office represented the landlord, John Wilkerson, in the lease transaction. Shane Clark of Fort Worth-based PSC Consulting Services represented the tenant.
RICHMOND — Longhorn Excavators has sold 9,544 square feet of office/warehouse space, located at 8653 FM 2759 in Richmond, to Michael McGuire and Pamela McGuire. The McGuires will lease the property to WinSim Inc. Longhorn Excavators will move its operations to a 4,000-square-foot warehouse building, located at 1625 Cottonwood School in Rosenberg. Linda Scruton of RE/MAX represented the undisclosed landlord in the Rosenberg lease transaction. Glenn Nichols of Glenn Nichols Realty represented the buyer in the Richmond transaction. Jennifer Raymond with ICO Commercial represented Longhorn Excavators in both transactions.
SANTA BARBARA, CALIF. — A 47,411-square-foot industrial property at 25 E. Mason Street in Santa Barbara has sold to East Mason SB, LLC for $9 million. The building is currently 67 percent occupied by Brooks Institute of Photography. Clarice Clarke and Stephen Leider of Lee & Associates’ Santa Barabara office represented both the buyer and the sellers, Rossi Trading Company, LLC. and Scanlin Family Trust, in this transaction.
PHOENIX — Aon Corporation and Apogee Physicians have both signed leases at Camelback Esplanade in Phoenix. Aon has leased 10,800 square feet, while Apogee is expanding its presence to about 15,400 square feet at the mixed-use project. It had previously occupied 10,843 square feet. Both tenants were represented by Vince Femiano of Transwestern. The Esplanade’s landlord, MetLife, was represented by Jerry Jacobs, Larry Downey and Michael Crystal of Cushman & Wakefield of Arizona.
WESTLAKE VILLAGE, CALIF. — Klein Friedlander LLP has opened a new firm in Westlake Village. The firm will focus on business, labor and employment and real estate-related litigation matters. It was established by Louis Klein and Dan Friedlander, formerly of Jackson DeMarco Tidus and Peckenpaugh P.C. The office is located at 2815 Townsgate Road, Suite 200.
ATHENS, GA. — Caterpillar has selected a site near Athens to build a $200 million, 1 million-square-foot manufacturing facility. The property will be part of Caterpillar's Building Construction Products Division, which is based in Cary, N.C. Once fully operational, the facility will employ 1,400 people. Ground breaking is slated to occur in the first quarter of 2012, with initial production at the facility to begin in late 2013, ramping up to full production during a 5-year period.
GAINESVILLE, FLA. — St. Petersburg, Fla.-based Bessolo Design Group has been selected by Ohio-based Equity, Inc., to build an $11 million, 180-bed skilled nursing facility, located on Archer Rd. in Gainesville. Bessolo Design Group will provide architectural and engineering services for the 76,000-square-foot property, which will include private, semi-private and memory care suites.
MEMPHIS, TENN. — Greenville, S.C.-based RealtyLink has sold an 18,000-square-foot Staples, located at 2321 N. Germantown Pkwy. in Memphis, for $3.33 million. RealtyLink was self-represented by Tyson Glasser in the transaction. The buyer was a Texas-based institutional investment company.