more_sales_and_leases

Coldwell Banker Facilitates Two Office Property Sales in Hurst, Arlington

by Amy Works January 24, 2017

HURST AND ARLINGTON, TEXAS — Coldwell Banker Commercial Advisors DFW has arranged two separate sales of office properties in Hurst and Arlington. In the first deal, RAKS Real Estate LLC acquired a 6,503-square-foot office building located at 800 Forest Oaks Lane in Hurst. Doug Tonne Investments sold the property for an undisclosed price. The buyer will use the property as a dental office. In the second transaction, TL Reeves Realty LLC acquired a 7,572-square-foot office building located at 400 N. East St. in Arlington, from Monopoly Ltd. The buyer plans to use the property as an adult daycare facility. The acquisition price was not released. Chris Mendez of Coldwell Banker represented the sellers in both transactions.

January 24, 2017

Marcus & Millichap Arranges Sale of 34,245 SF Retail Property in Cedar Park, Texas

by Amy Works January 24, 2017

CEDAR PARK, TEXAS — Marcus & Millichap has brokered the sale of Cypress Bend Shopping Center, a retail property located at 2051 Cypress Creek Road in Cedar Park. Constructed in 2002, the property features 34,245 square feet of retail space. Michael Buckner and Richard Mireles of Marcus & Millichap represented the seller, a partnership, in the deal. The name of the buyer and acquisition price were not released.

January 24, 2017

Multifamily Northeast Pennsylvania Seniors Housing

Marcus & Millichap Arranges Sale of 181-Bed Skilled Nursing Facility Near Philadelphia

by Amy Works January 24, 2017

LANSDALE, PA. —Marcus & Millichap has arranged the sale of Gwynedd Square Nursing Center, a 181-bed skilled nursing facility in the Philadelphia suburb of Lansdale. Gwynedd Square was built in 1980 on approximately six acres. The facility was 96 percent occupied at the time of sale. The purchase price was not disclosed. Joshia Jandris, Mark Myers, Charles Hilding and Andrew Hilding of Marcus & Millichap represented the seller, a private owner/operator, in the transaction.

January 24, 2017

Mixed-Use Multifamily New York Northeast Retail

Houlihan-Parnes Arranges $1.1M Sale of Mixed-Use Property in Endicott, New York

by Amy Works January 24, 2017

ENDICOTT, N.Y. — Houlihan-Parnes has brokered the sale of a mixed-use property located at 10 Delaware Ave. in Endicott. An undisclosed buyer acquired the asset for $1.1 million. The property consists of 75 multifamily units, 26,406 square feet of commercial space and an additional loft building that can be converted into 10 apartments. Ed Graf of Houlihan-Parnes represented the undisclosed seller in the deal.

January 24, 2017

Industrial North Carolina Southeast

Trinity Capital Buys Two Industrial Assets Totaling 404,351 SF in Charlotte

by John Nelson January 24, 2017

CHARLOTTE, N.C. — Trinity Capital Advisors has purchased 1001 Bond St., a two-building industrial property totaling 404,351 square feet in Charlotte’s Northwest industrial submarket. Trinity Capital acquired the property in a joint venture with SilverCap Partners for an undisclosed price. Both buildings are fully leased to Camber Ridge, a tire characterization research and development company. The properties are situated off of I-85 and feature direct access to I-485, I-77 and Charlotte Douglas International Airport via NC Highway 16.

January 24, 2017

Office Southeast Virginia

Capital Square 1031 Sells Forest Office Park in Richmond for $24.1M

by John Nelson January 24, 2017

RICHMOND, VA. — Capital Square 1031 has completed the stabilization and sale of Forest Office Park, a 19-building, 710,000-square-foot office campus in Richmond, for $24.1 million. The firm served as a replacement sponsor and manager of NNN Forest Office Park LLC, a tenant-in-common (TIC) ownership. Forest Office Park was under TIC ownership for the past 11 years. Capital Square 1031 assumed sponsorship and management in February 2016, replacing the previous manager after more than a decade, to take over sponsorship, management and serve as loan guarantor for the TIC program. Forest Office Park is situated in Richmond’s West End at the corner of Three Chopt Road and Forest Avenue. Located within six miles of Short Pump and downtown Richmond, the property was approximately 95 percent leased at the time of sale. CBRE | Hampton Roads, CBRE | Richmond and the Atlanta office of CBRE Group Inc. brokered the sale on behalf of the TIC ownership.

January 24, 2017

Georgia Retail Southeast

Burroughs & Chapin Acquires Broughton Street Retail Property in Downtown Savannah

by John Nelson January 24, 2017

SAVANNAH, GA. — Burroughs & Chapin, a retail investment REIT based in Myrtle Beach, S.C., has acquired an 8,800-square-foot retail property located at 5-15 W. Broughton Street in downtown Savannah’s Historic District. Originally built in the 19th century, the property is fully leased to tenants including Ann Taylor LOFT, FedEx Office and Flying Monk, an Asian restaurant. The seller and sales price were undisclosed.

January 24, 2017

Multifamily Seniors Housing Texas

Blueprint Brokers $6.4M Sale of 120-Bed Skilled Nursing Facility in Texas

by Amy Works January 23, 2017

WHITEHOUSE, TEXAS — Blueprint Healthcare Real Estate Advisors has arranged the $6.2 million sale of Oak Brook Health Care, a 120-bed skilled nursing facility in the Tyler suburb of Whitehouse, approximately 110 miles southeast of Dallas. A New York-based owner-operator with a significant existing presence in east Texas purchased the facility from a California-based REIT. The seller was attempting to remove a non-core asset, while the buyer was looking for a value-add opportunity. The purchase price equates to $53,500 per licensed bed. Blueprint’s Christopher Hyldahl and Gideon Orion were lead advisors on the transaction.

January 23, 2017

Industrial Texas

BFS Services Renews 167,820 SF Industrial Lease in Coppell, Texas

by Amy Works January 23, 2017

COPPELL, TEXAS — BFS Services Inc. has renewed its lease for 167,820 square feet of industrial space at 500 Airline Drive in Coppell. Reed Parker of Lee & Associates Dallas/Fort Worth represented the tenant, while Tom Irish provided in-house representation for the landlord, Transpacific Development Co., in the deal.

January 23, 2017

New York Northeast Retail

Forest City Sells Retail Center in the Bronx for $32M

by Amy Works January 23, 2017

NEW YORK CITY — Forest City Realty Trust, in partnership with Madison International Realty, has completed the disposition of Shops at Bruckner Boulevard, a specialty retail center located in the Bronx. Urban Edge Properties acquired the 116,000-square-foot property for $32 million. Forest City owned the property in a 51/49 percent joint venture with Madison International Realty.

January 23, 2017

Newer Posts

Older Posts

Upcoming Events

May
07