DALLAS — Preston Center Dance has signed a 7,000-square-foot lease at The Corner at Preston Center, a retail redevelopment project located at 6030 Luther Lane in Dallas. The landlord, Rosebriar Properties, was self-represented by Mackenzie Brittingham, Adam Sumrall, Ryan Stewart and Bill Hanks in the lease transaction. Chris Teesdale of Colliers International's Dallas office and Steve Rosenthal represented the tenant. Construction on the facility is expected to begin in March, and the new dance studio is slated to open on August 1, 2012.
CLAREMONT, CALIF. — A 69,428-square-foot, six-building industrial park in Claremont has sold to a private investor for $8,775,000. The business park was built in 1988 and is composed of five single-tenant buildings and one multi-tenant building. It was fully leased at the time of sale. The seller, Claremont Business Park, LLC, was represented by Grubb & Ellis’ Robert Griffith and Steven Ward.
GLENDALE, ARIZ. – The 86,225-square-foot Olive Square retail center in Glendale has sold to North American Realty Acquisition Corporation for $6.3 million. The center was built in 1974 and renovated in 2007. It is currently 92 percent leased. The seller, Westwood Financial Corp., was represented by Jan Fincham and Patrick Dempsey of Lee & Associates.
SAN RAFAEL, CALIF. — BioMarin Pharmaceuticals has leased 120,338 square feet at the San Rafael Corporate Center. The company will utilize an entire 83,315-square-foot building located at 770 Lindaro Street, in addition to 37,023 square feet on the second and fourth floors of 790 Lindaro Street. BioMarin plans to occupy this space in the spring. The firm was represented by Mark Maguire, Phil Arnautou and Luke Wilson of Colliers International. Trevor Buck and Steve Leonard of Cassidy Turley represented the landlord, Seagate Properties, in this transaction.
FAYETTEVILLE, N.C. — Crayton Commercial has completed the redevelopment of the 52,200-square-foot River Landing Shopping Center, located at the intersection of Ramsey Street and Law Road in Fayetteville. The repositioning included splitting a 43,200-square-foot former Kroger anchor space into four new spaces, redevelopment of the entire building facade to incorporate new storefronts, glass, doors, split-faced block, stucco and paint, addition of new rear loading pads and ramps, parking lot repair including repaving and restriping, all new site lighting, pylon signage and landscaping. Additionally, there was complete interior demolition and reconstruction including new HVAC, ceilings, lighting, framing/sheetrock, plumbing/restrooms and electrical systems.
MONROE, N.C. — Choate Construction Co. has been selected to construct a 99,500-square-foot addition to Greiner Bio-One N.A.'s manufacturing facility, located at 4238 Capital Dr. in Monroe. The addition will include a 15,000-square-foot mezzanine structure with executive office areas on the upper level and lab areas with a controlled environment below.
JACKSONVILLE, FLA. — A 5,612-square-foot Ruby Tuesday, located at 1022 Hospitality Ln. in Jacksonville, has been sold for $2.3 million. Matt Mousavi and Rich Walter of Faris Lee Investments' Irvine, Calif., office represented the seller, Tennessee-based Ruby Tuesday, Inc., in the transaction and procured the buyer, New Jersey-based Schiff Enterprises. The sale-leaseback transaction included a new 15-year, triple-net lease for the property.
FORT MYERS, FLA. — Two office buildings totaling 18,944 square feet, located at 9351 Corkscrew Rd. and 21105 Design Park Ln. in Fort Myers, have been sold for $1.42 million. Stan Stouder of CRE Consultant's Fort Myers office represented Bank of America, the seller, in the transaction. Stephanie Miller and Bob Muller of Estero, Fla.-based Select Real Estate represented the buyer, First CZ Real Estate.
COLUMBIA, S.C. — Two tenants have signed anchor leases at the 200,000-square-foot Target Center, located on Two Notch Road in Columbia. Dicks Sporting Goods signed a 47,800-square-foot lease and Michaels signed a 23,400-square-foot lease. Michaels opened on Feb. 9 and Dick's is scheduled to open in the summer of 2012. A partnership between Charlotte, N.C.-based Selwyn Property Group, Richardson Properties, Gateway Holding and Return Holdings owns the center, which is currently undergoing redevelopment, and is also slated for completion in summer 2012. Charlotte-based The Navigator Group represented Dick's Sporting Goods in its lease negotiation. Selwyn Property Group represented the landlord.
FORT WAYNE, IND. — Dollar General has renewed its lease for 9,000 square feet at 1425 Goshen Rd. in Fort Wayne. Brad Sturges of CBRE/Sturges represented the landlord, Gateway Plaza Shopping Center in the transaction. He also represented the tenant.