more_sales_and_leases

Broadridge Financial Solutions Leases 160,000 SF Office Space in Downtown Newark

by Amy Works March 1, 2017

NEWARK, N.J. — Broadridge Financial Solutions has signed a long-term lease for approximately 160,000 square feet of office space at 2 Gateway Center in downtown Newark. Broadridge provides communications, technology, managed services, data and analytics solutions to financial firms in capital markets. Dudley Ryan, Cheryl Hardt and Kadeem Goodall-Reid of CBRE represented the landlord, C&K Properties, while Paul Amoruso and Michael Ciotta of Oxford & Simpson Realty Services represented the tenant in the lease transaction.

March 1, 2017

California Retail Western

Retail California Arranges 1,360 SF Dollar Tree Lease in Clovis

by Nellie Day February 28, 2017

CLOVIS, CALIF. — Retail California has brokered a lease of retail space at the Trading Post Shopping Center at 930 Herndon Ave. in Clovis. Dollar Tree signed a lease for 1,360 square feet of retail space from DN Clovis LLC at the shopping center. Peter Orlando and Lewis Smith of Retail California brokered the transaction.

February 28, 2017

Multifamily New York Northeast Seniors Housing

Marcus & Millichap Arranges Sale of 277-Bed Seniors Housing Property in Ballston Spa, New York

by Amy Works February 28, 2017

BALLSTON SPA, N.Y. — Marcus & Millichap has brokered the sale of Maplewood Manor, a skilled nursing facility located in Ballston Spa. At the time of sale, the 277-bed facility was 95 percent occupied. The facility was constructed in 1972, with additions in 1978 and 1979. Joshua Jandris, Mark Myers and Charles Hilding of Marcus & Millichap represented the seller, a New York county, and procured the buyer, a private investor with an operator tenant, in the deal. J.D. Parker of Marcus & Millichap is the broker of record in New York.

February 28, 2017

Connecticut Northeast Retail

Press/Cuozzo Brokers Sale of Two-Building Retail Asset in Milford, Connecticut

by Amy Works February 28, 2017

MILFORD, CONN. — Press/Cuozzo Commercial Services has arranged the sale of two contiguous retail sites located on Boston Post Road in Milford. Shemitz Associates LP sold the assets to 1501 Boston Post Road LLC for $1.5 million. Totaling 1.6 acres, the 1469 Boston Post Road consists of a 9,000-square-foot retail building and 1501 Boston Post Road features a two-story, 10,440-square-foot retail and office building. Press/Cuozzo represented the seller and procured the buyer in the deal.

February 28, 2017

Office Texas

Marcus & Millichap Arranges Sale of 77,449 SF Office Building in Metro Dallas

by Taylor Williams February 28, 2017

RICHARDSON, TEXAS — Marcus & Millichap has brokered the sale of Two Mission Park, a 77,449-square-foot property, Class B office space in Richardson, a northern suburb of Dallas. Located at 1202 Richardson Drive near Central Expressway, the four-story building, built in 1980, was 63 percent occupied at the time of sale. Ron Hebert of Marcus & Millichap represented the seller and procured the buyer. Both parties requested anonymity.

February 28, 2017

Office Texas

Colliers Arranges Office Lease for Tech Company in Downtown Dallas

by Taylor Williams February 28, 2017

DALLAS — Colliers International Group Inc. has arranged a new 17,000-square-foot lease at 717 Harwood, a 34-story office building in downtown Dallas. The tenant, Quorum Business Solutions, a Texas-based technological consulting company, will use the space as its new corporate headquarters. David Quisenberry, John Conger and Lindsey Wolcott of Colliers represented the property owner, World Class Capital Group. Kyle Kelley and Frank McCafferty of Savills Studley represented Quorum Business Solutions in the deal

February 28, 2017

Illinois Industrial Midwest

CBRE Arranges Sale of 188,166 SF Freezer Warehouse in Romeoville, Illinois

by Kristin Harlow February 28, 2017

ROMEOVILLE, ILL. — CBRE has arranged the sale of a 188,166-square-foot freezer cooler facility in Romeoville. The sales price was not disclosed. The facility is located at 1020 W. Airport Road. Completed in August 2016, the building is made of reinforced concrete and features 72-foot clear heights. The property is fully leased to Aryzta LLC and supports the company’s adjacent baking facility. Lexington Realty Trust purchased the facility. CBRE’s Andrew Sandquist, JC Asensio and Briggs Goldberg of Chicago and Chris Bosworth, Will Pike and Brian Pfohl of Atlanta represented the undisclosed seller.

February 28, 2017

Industrial Midwest Wisconsin

Dickman Co./CORFAC Brokers Sale of 56,077 SF Industrial Building in Milwaukee

by Kristin Harlow February 28, 2017

MILWAUKEE — The Dickman Co. Inc./CORFAC International has brokered the sale of a 56,077-square-foot industrial building in Milwaukee. The sales price was not disclosed. The building is located at 7630-7664 North 81st St. Ryan 3 Industrial Properties LLC purchased the building from Chili Pepper Properties LLC. Samuel M. Dickman Jr., Samuel D. Dickman and Zach Noble of the Dickman Co. represented both the buyer and seller in the transaction.

February 28, 2017

Florida Restaurant Retail Southeast

Stan Johnson Brokers $28M Sale of Restaurant Portfolio in Central Florida

by John Nelson February 28, 2017

ORLANDO, FLA. — Stan Johnson Co. has arranged the $28 million sale of 14 restaurants in Central Florida leased to Ker’s WingHouse, now known as WingHouse Bar & Grill. STORE Capital, a single-tenant, net-lease real estate investment firm, purchased the 89,282-square-foot portfolio. Joshua Pardue of Stan Johnson’s New York City office led the brokerage team in the transaction.

February 28, 2017

Multifamily North Carolina Southeast

Covenant Capital Sells Apartment Community in Raleigh for $20.8M

by John Nelson February 28, 2017

RALEIGH, N.C. — Covenant Capital Group has sold Regency Place Apartments, a 180-unit, garden-style apartment community located at 6210 St. Regis Circle in west Raleigh. Towne Properties purchased the property, its first acquisition in the Southeast, for $20.8 million free and clear of existing debt. Regency Place comprises nine three-story buildings with a mix of one- and two-bedroom units averaging 848 square feet. Covenant Capital Group upgraded the property’s amenities, exteriors and unit interiors over the past two years. Justin Good, Allan Lynch, Jeff Glenn and Jason Nettles of HFF represented the seller in the transaction.

February 28, 2017

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