PROSPER — Baylor Family Medicine at Prosper has opened in a 4,700-square-foot facility in the 16,000-square-foot Eagle Crossing II, a mixed-use development located at 861 N. Coleman in Prosper. Dallas-based Lee Design Group, under a contract with Health Texas Providers Network, designed the medical space. Eagle Crossings II was constructed by Crossland Construction Co.
SAN RAMON, CALIF. — The 63,265-square-foot Diablo Plaza in San Ramon has received two new tenants. Beverages &more! (BevMo!) has leased 12,015square feet of space at the center and plans to open in fall. BevMo! was represented by Matt Alexander of SRS Real Estate Partners. Additionally, West Coast Gold Buyers has leased 1,300 square feet of space at Diablo Plaza that is now open. The jewelry specialist was represented by Richard Odenheimer with MRE Commercial Real Estate. Regency Centers, Diablo’s owner, was represented in-house by Ranfie Ancelovici and Gwen White with Cornish & Carey.
PASADENA, CALIF. — The Towers, a 31-unit historical apartment building in Pasadena, has sold to a limited liability company for $3,255,000. A parking lot and a vacant triplex were also included in this transaction. Richard J. Ringer, first vice president investments in Marcus & Millichap’s West Los Angeles office, represented both the buyer and the seller in this transaction.
SEATTLE — The 23-unit Clar-Ann apartment community in Seattle has sold to Eastlake 23, LLC for $2,970,000. The complex was built in 1957 and resides just blocks from Lake Union. Marty Leith and Kenny Dudunakis of Hendricks & Partners’ Seattle office represented the seller, Clar-Ann Apartments, LLC.
JACKSONVILLE, FLA. — Jacksonville Beach, Fla.-based Walchle Lear Multifamily Advisors has brokered the $33.4 million sale of the 440-unit The Eastport, located at 11701 Palm Lake Dr. in Jacksonville. Walchle Lear represented the seller in the transaction.
GROVELAND, FLA. — Marcus & Millichap has arranged the $9.1 million sale of the 65,751-square-foot Eagle Ridge Shoppes, located at 7975 State Road 50 in Groveland. Sonny Molloy of Marcus & Millichap's Atlanta office represented Groveland Associates, the seller, in the transaction and Kirk Olson and Drew Kristol of the firm's Miami office represented the buyer, a Miami-based private equity group. Publix anchors the center, which is approximately 80 percent leased.
HOUMA, LA. — Jones Lang LaSalle has negotiated the $8.5 million sale of the 98,586-square-foot Houma Power Center, located at 1550 Martin Luther King Blvd. in Houma. Old Navy, Michaels and Burke's anchor the center, which is fully leased. Kris Cooper and Margaret Caldwell of Jones Lang LaSalle's Atlanta office represented Kimco Realty Corp., the seller, in the transaction. The buyer was New Orleans-based Property Management Group.
CHESAPEAKE, VA. — Cushman & Wakefield — Thalhimer has brokered the $1.12 million sale of a 9,000-square-foot retail property, located at 4124 Chesapeake Square Blvd. in Chesapeake, which was formerly Paradocks Restaurant. Andy Stein of Cushman & Wakefield — Thalhimer's Virginia Beach, Va., office represented Bank of the Commonwealth, the seller, in the transaction, and Troy Parker of the same off represented the buyer, T2 Chesapeake Square, who is redeveloping the property for retail use.
JACKSONVILLE, FLA. — Grandbridge Real Estate Capital has arranged a $72 million, first mortgage loan for the 1,112-unit Paradise Island, located at 878 Southside Blvd. in Jacksonville. Taylor Williams of Grandbridge's Jacksonville office arranged the 7-year loan, which is interest-only for the first 2 years and then amortizes on a 30-year schedule, through Freddia Mac's CME Early Rate Lock.
ROYAL OAK, MICH. — Marcus & Millichap has arranged the $12.3 million sale of a 45,000-square-foot LA Fitness, located at 25352 Woodward Ave. in Royal Oak. Mark Thiel of Marcus & Millichap's San Diego office represented the buyer, a Southern California-based private family trust. LA Fitness' triple-net lease extends through September 2030.