ROCKWALL — Stan Johnson Co. has arranged the sale of a 5,005-square-foot retail building fully leased to Starbucks and Genghis Grill, located at 1699 Laguna Dr. in Rockwall. Hunter Jaggard of Stan Johnson Co.'s Houston office represented the seller, RM Crowe. Richard Fausset of Fausset Neely represented the buyer, a private investor, in the transaction.
DADELAND, CUTLER BAY, FORT LAUDERDALE AND WEST PALM BEACH, FLA. — City Furniture has started the $17.5 million renovation and development of four stores in Florida. In Cutler Bay, a $7 million, 56,000-square-foot store will be constructed by Stiles Construction. A $3.5 million renovation and expansion is also being completed by Stiles Construction for the store in Dadeland. In Fort Lauderdale, Miller Construction Co. is building a $3 million, 25,000-square-foot Ashley Furniture HomeStore. Miller is also constructing a $4 million Ashley Furniture HomeStore in West Palm Beach. The Cutler Bay, Dadeland and Fort Lauderdale stores are slated for completion in 2012 and the West Palm Beach store will be completed in early 2013.
TERRE HAUTE, IND. — Marcus & Millichap has brokered the sale of a 2,364-square-foot Taco Bell in Terre Haute, Ind. for approximately $2 million. Nathan Whalen with the Indianapolis office of Marcus & Millichap represented the buyer, Taco Properties Inc. The buyer, Amelia Chan Yee, an individual trust, was represented by Adam Levin of Marcus & Millichap's Palo Alto, Calif. office.
BEAUMONT — NorthMarq Capital has arranged $1.02 million in first mortgage financing for the 89,000-square-foot San Jacinto Building, located in Beaumont. William Luedemann of NorthMarq's Houston office arranged the financing with a 10-year term and 10-year amortization schedule through StanCorp Mortgage Investors.
FORT WORTH — Bar Louie is opening a 6,503-square-foot store at West 7th, located on 7th Street and University Drive in Fort Worth. The new store is slated for a winter 2011 opening. Bar Louie is owned and operated by Addison-based BL Restaurant Operations. Myles Kelley of Fort Worth-based Realty Ventures and Greg Bracchi of Edge Realty Partners' Dallas office represented the tenant, and David Thomas of The Retail Connection's Dallas office and Rodger Chieffalo of Fort Worth-based Chieffalo Realty represented the landlord, Cypress Equities.
WINCHESTER, VA. — Cole Real Estate Investments has purchased the 167,000-square-foot Winchester Station, located at 2540 S. Pleasant Valley Rd. in Winchester, for $26.8 million. The shopping center is currently 97.5 percent leased to tenants including hhgregg, Ross Dress for Less, Bed Bath & Beyond, Michaels, Old Navy, Olive Garden and Red Lobster. William Kent and Gary Lawrence of CBRE's Washington, D.C., office represented Trout, Segall & Doyle Winchester Properties, the seller, in the transaction. The buyer was self-represented by Thomas Faltatko.
LUBBOCK — Holliday Fenoglio Fowler has secured acquisition financing for a 71,238-square-foot Market Street supermarket, located at 19th Street and Quaker Avenue in Lubbock. Mark West, Coler Yoakam and Brandon Chavoya of HFF's Dallas office arranged the financing through Wells Fargo Bank on behalf of the borrower, United Supermarkets.
TULSA, OKLA. — Woods Cross, Utah-based Go Natural CNG is opening a 7,000-square-foot sales and installation facility, located at 4116 S. 88th E. Ave. in Tulsa. The firm's partner, AutoSource Motors, will also be sharing the new facility.
DORAL, FLA. — Fraga Properties has broken ground on the 8,000-square-foot Phase II of the 40,000-square-foot Shops of Doral, located at N.W. 74th Street and N.W. 107th Avenue in Doral. Development costs will exceed $1 million. Current tenants include CVS/pharmacy, Bank of America, Wine & Spirits Emporium, Subway, Metro PCS and more. Completion is slated for spring 2012.
NEWARK, N.J. — Damascus Bakeries, a commercial baking company, is relocating its Brooklyn operations to 60 McClellan St. in Newark, N.J. The 117,419-square-foot industrial building was purchased for $3.5 million and is scheduled to open in early 2012. Damascus plans to invest about $1.2 million in site improvements and upgrades.