more_sales_and_leases

BH Properties Buys Former Golfsmith HQs in Austin Out of Bankruptcy for $20.5M

by Amy Works January 31, 2017

AUSTIN, TEXAS — Los Angeles-based BH Properties has acquired the former Golfsmith International Holdings Inc. headquarters facility in Austin out of Golfsmith’s bankruptcy liquidation process for $20.5 million. Situated on 40 acres, the four-building, 332,345-square-foot property features a 93,000-square-foot building, which housed retail and office space, and three manufacturing and distribution facilities totaling 239,000 square feet. BH Properties was represented in-house, while Michael Jerbich of A&G Realty Partners represented Golfsmith in the deal.

January 31, 2017

Retail Texas

Younger Partners Brokers Land Sale for Retail Development in McKinney, Texas

by Amy Works January 31, 2017

MCKINNEY, TEXAS — Younger Partners has arranged the sale of a 1.6-acre land parcel located at McKinney Ranch Parkway and Lake Forest Boulevard in McKinney. An undisclosed developer acquired the property and plans to construct a 15,000-square-foot retail center on the site. John St. Clair and Kevin Harrell of Younger Partners represented the buyer, while Bry Taylor of Bryson Messer Properties represented the undisclosed seller. The acquisition price was not released.

January 31, 2017

Industrial Texas

Holt Lunsford Commercial Negotiates Sale of 41,000 SF Industrial Building in Metro Dallas

by Amy Works January 31, 2017

MANSFIELD, TEXAS — Holt Lunsford Commercial has arranged the sale of an industrial building located at 617 S. Fourth Ave. in Mansfield, a suburb located 30 miles southwest of Dallas. Valdar Properties #5 LLC sold the 41,000-square-foot building for an undisclosed price. George Jennings and Donnie Rohde of Holt Lunsford represented the undisclosed seller in the deal.

January 31, 2017

Industrial New Jersey Northeast

Amerco Real Estate Co. Acquires 126,251 SF Flex Property in Swedesboro, New Jersey

by Amy Works January 31, 2017

SWEDESBORO, N.J. — Amerco Real Estate Co., an affiliate of U-Haul, has purchased a three-building flex property located at 510 Heron Drive in Swedesboro. Starwood Property Trust sold the property for $3.5 million. The multi-tenant property features 126,251 square feet of flex space. Situated on 10.5 acres, the property features 21 loading docks and five drive-in doors. At the time of sale, the property was 57 percent leased. Jacklene Chesler of Colliers International represented the seller and procured the buyer. Jonathan Schlussel, Evan Zweben and Christina Del Duca, also of Colliers, marketed the property on behalf of the seller. LNR Property LLC manages the property.

January 31, 2017

Industrial New Jersey Northeast

Merola Tile Group Acquires 82,000 SF Distribution Facility in Willingboro, New Jersey

by Amy Works January 31, 2017

WILLINGBORO, N.J. — Merola Tile Group has purchased a distribution facility located at 49 Ironside Court in Willingboro for an undisclosed price. The buyer will use the 82,000-square-foot facility to distribute Merola Tile, SomerTile and other branded products throughout the Northeast. Jonathan Glick of Sheldon Gross Realty Inc. represented the buyer in the transaction. The seller and acquisition price were not released.

January 31, 2017

Industrial Massachusetts Northeast

The Stubblebine Co. Brokers 50,000 SF Lease Expansion in Wareham, Massachusetts

by Amy Works January 31, 2017

WAREHAM, MASS. — The Stubblebine Co./CORFAC International has arranged a 50,000-square-foot lease expansion at 20 Kendrick Road in Wareham. T. Marzetti Co., a subsidiary of Lancaster Colony Corp., has added 50,000 square feet to its current 70,000-square-foot space to occupy the entire 120,000-square-foot distribution facility. David Stubblebine and James Stubblebine of The Stubblebine Co. represented the landlord, Malden Frame Realty Trust, and the tenant in the transaction.

January 31, 2017

Florida Multifamily Southeast

Marcus & Millichap Brokers $25M Sale of Apartment Community in Metro Orlando

by John Nelson January 31, 2017

FERN PARK, FLA. — Marcus & Millichap has brokered the $25 million sale of The Palms at Magnolia Grove, a 352-unit apartment community located at 2174 Sharp Court in Fern Park, a suburb of Orlando. Built in 1972, the property features a dog park, sports court, business and fitness centers, picnic areas, clubhouse and a pool. Francesco Carriera and Michael Regan of Marcus & Millichap represented the seller and procured the buyer in the transaction.

January 31, 2017

Illinois Industrial Midwest

Hengli Purchases New Headquarters in Bolingbrook, Illinois

by Kristin Harlow January 31, 2017

BOLINGBROOK, ILL. — Hengli America LLC, an hydraulic manufacturer based in China, has purchased its new U.S. headquarters in Bolingbrook. The 46,289-square-foot facility is located at 580 Crossroads. The building will also serve as a testing and distribution facility. The property includes 12,000 square feet of office space, five dock doors and two drive-in doors. Perry Higa of NAI Hiffman represented Hengli, while Traci Buckingham Payette and Jeff Kapcheck of CBRE represented the undisclosed seller.

January 31, 2017

Multifamily Texas

H.I.G. Realty Partners Acquires 322-Unit Apartment Complex in San Antonio

by Amy Works January 30, 2017

SAN ANTONIO — H.I.G. Realty Partners, an affiliate of H.I.G. Capital, has purchased Windsor House Apartments, an apartment complex located in San Antonio, for an undisclosed price. Built in 1997, the property features 322 apartments. The name of the seller was not released.

January 30, 2017

Industrial Texas

Holt Lunsford Commercial Arranges Sale of 90,000 SF Industrial Property in Fort Worth

by Amy Works January 30, 2017

FORT WORTH, TEXAS — Holt Lunsford has brokered the sale of an industrial property located at 4200 Lubbock Ave. in Fort Worth. TMM Lubbock Avenue LLC acquired the 90,000-square-foot property for an undisclosed price. Donnie Rohde and George Jennings of Holt Lunsford Commercial represented the undisclosed seller in the transaction.

January 30, 2017

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