GOLETA, CALIF. — Twenty Four 7 Moving Specialists has leased a 20,400-square-foot warehouse in Goleta. The moving and storage company plans to utilize this facility, which is located at 26 Castilian Drive, for classic and luxury auto storage. The company was represented by Dan Moll of Hayes Commercial Group. The building’s landlord, Luria & Dunn, was represented by Francois DeJohn, Steve Hayes and Kristopher Roth of Hayes Commercial Group.
NORTH HOLLYWOOD, CALIF. – The 16-unit Radford Apartments in North Hollywood has sold to a partnership of local investors for $1,325,000. The complex was built in 1964 and resides at 6836 Radford Ave. Brent Sprenkle of Hendricks & Partners’ West Los Angeles office represented the seller, Residential Investments, LLC, in this transaction.
BOCA RATON, FLA. — The 248-unit Heritage at Boca Raton, an apartment complex located at 320 W. Palmetto Park Rd. in Boca Raton, has been sold for $67.96 million in an all-cash transaction. The property is currently 92 percent leased. Hampton Beebe and Marc deBaptiste of ARA's Boca Raton office represented Priderock Capital Management, the seller, in the transaction. The buyer was a pension fund advisor.
DECATUR, GA. — Savannah, Ga.-based NorSouth Constructs has broken ground on the 80-unit Oliver House, a seniors housing property located at 1450 Commerce Dr. in Decatur. The development is the second phase of a $30 million redevelopment of Allen Wilson Terrace Public Housing by the Decatur Housing Authority. Upon completion, Allen Wilson Terrace will contain 190 units for low-income families and seniors. HADP Architecture designed the property, which is expected to receive two EarthCraft green building certifications. Oliver House is slated for completion in August 2012.
UNION CITY, TENN. — The Goodyear Tire & Rubber Co. has sold a 2.2 million-square-foot manufacturing and distribution facility, located at 3260 Goodyear Dr. in Union City, to Titan Tire Corp. Michael Reid of Binswanger's Atlanta office, along with Larry Spinelli of the firm's Nashville, Tenn., office, represented the seller in the transaction.
RICHMOND, VA. — TGM Realty Investors has acquired the 66-unit Biggs Building Apartments, located at 920 W. Marshall St. in Richmond, from Biggs Building LP. for $5.03 million. Scott Douglas and Lindsey Floyd of Cushman & Wakefield/Thalhimer's Richmond office represented the buyer in the transaction. Scott Gaeser of Eagle represented the seller.
HALLANDALE BEACH, FLA. — KM/Plaza has completed the 24,667-square-foot BGT Media corporate headquarters, located at 600 Silks Run in Hallandale Beach. The property contains 53 offices and MDF workstations, five conference rooms and a kitchenette. Miami-based ADD Inc. was the architect for the project.
CHICAGO — The American Medical Association (AMA) plans to relocate its Chicago headquarters to 330 N. Wabash, the former IBM Plaza, in September 2013. The physicians' trade group is currently located at 515 N. State St. The AMA has signed a 15-year lease for 275,000 to 300,000 square feet in the building, which will be renamed AMA Plaza. Steve Stratton, Jock Howland and Mike Sessa of Jones Lang LaSalle represented AMA in the transaction. The landlord, Prime Group Realty Trust, represented itself.
FORT WAYNE, IND. —SuperMedia Sales Inc., an advertising agency for small to mid-size businesses, has signed a 10,288-square-foot office lease at Midwestern Office Park, located at 7223 Engle Rd. at the Midwestern Office Park in Fort Wayne. Kathy Moses-Denig of CBRE, Sturges represented the landlord, Midwestern Office Park LLC, in the transaction.
NORTHBROOK, ILL. —Goodman Distribution, an air conditioning parts and supplies company, has signed a lease renewal for 29,403 square feet of warehouse space, located at 3600 Woodhead Dr. in Northbrook. Keith Puritz, Ryan Bain, Brett Kroner and Zach Graham represented the landlord, AMB Property Group, in the transaction. Seth Koschak of Steam Realty Partners and Elise Couston of Paine/Wetzel represented the tenant in the transaction.