OKLAHOMA CITY, OKLA. — CBRE has secured an 11,043-square-foot lease on behalf of the Central Oklahoma Humane Society at an industrial property located at 5228 Classen Circle in Oklahoma City. Caitlin Mazaheri, Jason Hammock and John Lenochan of CBRE represented the tenant in the transaction. Derek James of Price Edwards & Co. represented the landlord, Classen West Properties LLC.
TRAVERSE CITY, MICH. — Colliers International has arranged an 18.3-acre ground lease for Costco near Cherry Capital Airport in Traverse City. Costco will build a new wholesale warehouse at the site. The size of the building was not disclosed, but the Traverse City Record Eagle reports the size at 156,000 square feet. Max Goldman of Colliers represented Costco in the lease of the property from Northwestern Regional Airport Commission. Construction will commence immediately with the opening planned for the fourth quarter of this year.
TROY, MICH. — Signature Associates has negotiated the sale of an 88,886-square-foot industrial building located at 1600-1630 E. Big Beaver Road in Troy. Paul Hoge and John Boyd of Signature Associates represented the seller, Iron Point Troy Industrial LLC. Boyd also represented the buyer, DB1600 LLC.
DETROIT — Woodpile BBQ Shack has signed a 2,000-square-foot retail lease in Detroit to open its second location in Southeast Michigan. The restaurant will be located at 6402 Woodward Ave. in the Baltimore Station development. The project will consist of the renovation of two vacant buildings at 6402 and 6408 Woodward Ave. in the New Center area, including approximately 8,000 square feet of retail space throughout the ground level and 23 apartment units on the second and third floors. Woodpile BBQ Shack will open once the development is completed in early 2018. Ben Hubert and Ben Rosenzweig of Colliers International represented the Clawson, Mich.-based barbecue establishment in the transaction. The duo also represented the landlord, The Platform.
OPELIKA, ALA. — The Shopping Center Group has secured a 45,000-square-foot lease for Surge Trampoline Park, which provides trampoline-themed parties and entertainment, in Opelika, a city approximately 65 miles east of Montgomery. The new tenant joins Planet Fitness, CitiTrends and Dollar General at Pepperell Corners, a 210,000-square-foot retail center situated at 2560 Pepperell Parkway. The center, which is 80 percent leased, is undergoing a $3 million renovation program slated for summer completion.
THIBODAUX, LA. — Vitorino Group, a Texas-based investment sales firm, has brokered the sale of Acadia Shopping Center, a 4,949-square-foot strip center located at 612 N. Canal Blvd in Thibodaux, about 60 miles southwest of New Orleans. Anchored by WalMart and Lowe’s, the property was 100 percent occupied at the time of sale. Bryce Gissler of Vitorino Group represented the seller, a Washington-based private investor. Other terms of sale were not released.
SPRINGFIELD, N.J. — The KRE Group and Avenue Realty Capital have acquired Summit Hill, a 228-unit rental community in Springfield, for $70 million. Summit Hill, located at 100 Stone Hill Road, is a garden-style apartment community near routes 78 and 24 in western Union County.
NEW YORK CITY — LargaVista Cos. has purchased 30-10 41st Ave. in Long Island City for an undisclosed price. The property is a 65,000-square-foot office building adjacent to Sunnyside Yards at the intersection of Northern Boulevard and 41st Avenue. LargaVista also owns the adjacent building at 29-42 Northern Blvd. and is considering a creative office conversion and expansion, though exact plans are not yet complete. TriState Capital Bank provided financing for the transaction.
NEW YORK CITY — TerraCRG has arranged the $2.2 million sale of 205 Wyckoff Ave., a mixed-use building located between Harman Street and Greene Avenue in the Bushwick neighborhood of Brooklyn. TerraCRG’s Matt Cosentino, Eric Satanovsky and Fred Bijou handled the transaction. The three-story brick building includes five residential units and a retail space located near the DeKalb Avenue L train and the Myrtle-Wyckoff M&L trains. The buyer and seller were not disclosed.
NEW YORK CITY — ARM Real Estate group has negotiated the sale of 31-52 Steinway St. in the Astoria neighborhood of Queens for $1.8 million. The two-story, 1,944-square-foot retail building was delivered vacant at closing and the new owner has put the asset up for lease. The property, built in 1930, sits between Broadway and 31st Avenue, two blocks away from the M and R subway stops. Anand Melwani and Alexandre Goulet of ARM Real Estate Group represented both parties in this transaction. Alexandre Geis was the seller and 31 Steinway 52 LLC was the buyer.