SHELTON, CONN. — Gexpro, an electrical product distributor, has signed a lease for 30,132 square feet at 1000 Bridgeport Ave. in Shelton. Kevin Foley and Torey Walsh of Cushman & Wakefield represented the building owner, 1000 Bridgeport Associates LLC, a joint venture of Abbey Road Advisors, Westport and The Praedium Group, in the transaction. Peter Buckey and Andy Arrick of Cassidy Turley represented the tenant.
COPIAGUE, N.Y. — AMVETS National Service Foundation, a veteran service organization, has signed a lease for a 19,300-square-foot store in Copiague. Sabre Real Estate Group's Beth Lamport and Breslin Realty Development Corp.'s Russ Lico represented AMVETs in the deal. Schuckman Realty represented the landlord, Royal Sunrise Realty. AMVETs plans to open a thrift store.
PORTLAND, MAINE — Dollar Tree has opened an 11,002-square-foot store at Pine Tree Shopping Center, located at the southeast corner of Interstate 95 and Brighton Avenue in Portland, Maine. John Wise of Real State Advisors represented Dollar Tree. Brixmor is the owner of Pine Tree Shopping Center and was represented by Charles Davis with Brixmor.
NEWPORT, DEL. —TotalTrax Inc., a newly formed technology logistics company, has leased 15,000 square feet of warehouse space at Newport Industrial Park, located at 500 Water St. in Newport. Landlord Harvey, Hanna & Associates is renovating the building and a warehouse expansion to 31,200 square feet on the site is planned for 2012.
ALVIN — Phoenix-based Cole Capital has purchased a 21,000-square-foot retail building that is fully leased to Office Depot, located at the corner of Highway 6 and Highway 35 Loop in Alvin, for $2.8 million. Hunter Jaggard of Stan Johnson Co.'s Houston office represented the seller, Houston-based Property Commerce, in the transaction. Cole Capital was self-represented by Carol Romney.
BEDFORD — Addison-based Legacy Alliance Holdings has acquired the 59,909-square-foot Bedford Meadows, a retail center located in Bedford. The property was 40 percent occupied at the time of the sale. Before the sale, the property's former owner, VFC Partners 7, foreclosed on a $3.85 million loan. Legacy was self-represented by Brad DeYoung in the transaction, and Nelson Somerville of Southlake-based Vaughn Commercial Realty represented the undisclosed seller.
SAN ANTONIO — Arizona-based MC Cos. has purchased the 250-unit Shadow Valley Apartments, a Class B garden-style community located at 5650 Grissom Rd. in San Antonio. MC Residential will manage the community after capital improvements are completed. The property will be renamed The Place at Shadow Valley. Financing for the acquisition was provided by a Fannie Mae loan through Wells Fargo.
DALLAS — NorthMarq Capital has arranged $14 million in first mortgage financing for the 224,662-square-foot The Arbors Shopping Center, located at 18150-18410 Preston Rd. in Dallas. Ronald Reese of NorthMarq's Dallas office arranged the 10-year loan with a 30-year amortization schedule through State Farm Life Insurance Co. on behalf of the borrower, Preston Road Associates.
ALEDO — Marcus & Millichap has brokered the sale of 118 Marble and 106 Bear Cat, two industrial facilities located in Aledo. The Marble property is a 10,000-square-foot facility that was 88 percent leased at the the time of the sale. The Bear Cat facility is a 14,323-square-foot property and was fully occupied at the time of the sale. Philip Levy of Marcus & Millichap's Fort Worth office represented the seller, a private investor, in the transactions and procured the buyer, a limited liability company.
OLYMPIA, WASH. – The 40-unit Summers Manor Luxury Condominiums in Olympia has sold to an unnamed limited liability company for $5,050,000. The complex was fully renovated in 2006 and 2007. Scott Morasch of Marcus & Millichap’s Seattle office marketed the listing on behalf of the seller, also an unnamed limited liability company.