VANCOUVER, WASH. — Northern Aral LLC has purchased 13,220 square feet of commercial retail space at 7219 NE Highway 99 in Vancouver. David and Teresa Newton sold the property for approximately $1.4 million. Naz Parsiana of Bluestone & Hockley Real Estate Services represented the buyer; Patti Shmilenko of Windermere Cronin & Caplan Realty Group Inc. represented the seller in the transaction.
ORLANDO, FLA. — Bulverde, Texas-based Noah’s Ark Development has completed the 94,000-square-foot Noah’s Ark Self Storage Balboa, located at 1015 N. Apopka-Vineland Rd. in Orlando. The property houses 645 self-storage units, 339 of which are climate controlled and 102 of which are humidity controlled. Features include easy-glide roll-up doors and digital video surveillance.
RALEIGH, N.C. — An undisclosed LLC based in Ohio has purchased the 89,224-square-foot Pincrest Pointe Shopping Center from an undisclosed North Carolina-based private partnership for $7 million. The property, located at the intersection of Leesville and Fairbanks roads in Raleigh, is 90 percent occupied. Food Lion, Fitness 19, Carolina Dance Studio and Manchester’s Restaurant are all housed in the center. W. Michael Bennett of Marcus & Millichap’s Chicago office and Andrew Margulies of the firm’s Charlotte, N.C., office brokered the sale.
LAKE WORTH, FLA. — Richland, Mich.-based Straticon Construction Services has completed the 17,000-square-foot Fountains Country Club Tennis and Fitness Center at Fountains Country Club in Lake Worth. The new facility, which features a fitness center, a tennis pro shop and offices, is only phase one of the entire project. Phase two includes more than 50,000 square feet of additions and renovations to the property’s North Clubhouse. Boca Raton, Fla.-based Slattery and Associates provided design services.
OWASSO, OKLA. — JCPenney will hold the grand opening next month for a new location at 9056 N. 121st St. in Owasso. The 104,000-square-foot store is one of nine nationwide JCPenney locations that will open on March 6. The new store will highlight two of JCPenney’s new concepts: its Sephora beauty boutique and the American Living line of apparel. Other features include a portrait studio, in-home custom decorating services and a full-service salon. The retailer will add approximately 125 jobs to the local economy.
HOUSTON — Colliers International has negotiated a lease for 4,000 square feet at Kingwood Commons Shopping Center, a 177,000-square-foot retail property located at the corner of Loop 494 and Kingwood Drive in the Kingwood submarket of Houston. Marshall Clinkscales of Colliers’ Houston office represented the lessee, Zachary’s Cajun Café. The landlord, OZ/CLP Kingwood Commons LP, was represented by Cindy Alexander of Jenco Realty. Terms of the lease were not disclosed.
SCOTTSDALE, ARIZ. — Coynes Construction and La Jolla, Calif.-based 6906 Chestnut LLC have acquired the retail portion of the 4020 Building, which is located at 4020 Scottsdale Rd. in downtown Scottsdale. The 7,090-square-foot space is located below a 21-unit loft building. The retail portion sold for $4 million or approximately $575 per square foot. The property is fully occupied by Bank of America, Ice Tango and Daily Dose Café. Carlos Lopez of Hanley Investment Urban Real Advisors represented the buyer and the seller, Santa Ana, Calif.-based 1st Avenue Scottsdale LLC, in the transaction.
ALBUQUERQUE, N.M. — Q10|Dwyer-Curlett has arranged a $12.6 million permanent loan for a 210,288-square-foot retail center in Albuquerque. The center is anchored by an 80,100-square-foot Pro’s Ranch Market, one of the leading Hispanic supermarket chains in the United States. Tom Kenny and Mark Durfee of Q10|Dwyer-Curlett’s Orange County, Calif., office secured the financing through UnumProvident.
WYLIE, TEXAS — Fort Worth, Texas-based NAI Huff Partners has arranged a lease in Wylie for a new restaurant. Curbis LLC has leased 1,936 square feet at First Wylie Shopping Center, located at 627 N. Highway 78, and plans to open a restaurant named Meteor Hamburgers. NAI’s Frank Jester represented Curbis LLC in lease negotiations. The landlord, Thomas Z. Hoffman, was represented by Brad Quine of Quine & Associates. Terms of the lease were not disclosed.
FORT WORTH, TEXAS — Mazur Capital has acquired a property located at 3017 Morton St. in Fort Worth for the future location of Capital Bar. The 0.3-acre property currently houses a 1950s-era building that was most recently used as a print shop. The building will be demolished to make way for a 2,600-square-foot bar. It will feature a modern-industrial lounge design with a 38-foot long bar, flat-screen televisions, exposed beam ceilings and a central staircase that leads up to a 1,500-square-foot covered, rooftop patio. The property will provide space for on-site parking, as well as the possible addition of an outdoor live music stage. Completion is scheduled for May. The project architect is locally based Barnes Architects.