MEQUON, WIS. — Altapure has signed a 3,300-square-foot industrial lease in Mequon, about 20 miles northwest of Milwaukee. Altapure will occupy Suite K in the 30,300-square-foot building located at 6040 W. Executive Drive. Based in South Bend, Ind., Altapure manufactures disinfection products. Steve Sewart of Colliers International represented the tenant in the transaction.
TUCSON, ARIZ. — A limited liability company has purchased the 236-unit 3 At West Ajo apartment building in Tucson for $7 million. The community is located at 1240, 1310 and 1502 West Ajo Way. Peter Flis of Marcus & Millichap represented the LLC. The firm’s Hamid Panahi, Cliff David, Steve Gebing and James Crawley represented the seller, another LLC.
ELK GROVE, CALIF. — PDM Steel Service Centers has relocated its office from Stockton to nearby Elk Grove. The steel supplier has leased 10,000 square feet at Laguna Gateway. Its new corporate headquarters is located at 9245 Laguna Springs Drive. The new lease brings the 72,000-square-foot building to full occupancy. The landlord is Jackson Properties Incorporated.
MONACA, PA. — PREIT has sold Beavery Valley Mall, located at 570 Beaver Valley Mall Blvd. in Monaca, for $24.2 million. Boscov’s, J.C. Penney and Dick’s Sporting Goods anchor the approximately 1.1 million-square-foot property. The name of the buyer was not released.
NEW YORK CITY — Casey Storage Solutions has completed the sale of 13 self-storage properties across four New England states. A joint venture led by an institutional investment firm acquired the portfolio for an undisclosed price. The 700,000-square-foot portfolio includes 5,800 units and 25,000 square feet of RV/vehicle parking across the 13 properties. Six assets are located in Massachusetts, three in Connecticut, two in Rhode Island and two in Vermont. A publicly traded REIT will manage the properties. Aaron Swerdlin and Kenneth Cox of NGKF Capital Markets’ New York City office represented the seller in the transaction.
BASKING RIDGE, N.J. — Broadreach Capital Partners has completed the disposition of Dolce Basking Ridge Hotel, a full-service hotel located at 300 N. Maple Ave. in Basking Ridge. An undisclosed buyer acquired the 171-room hotel for $30 million. Built in 1995, the property features 21,000 square feet of function space, Vita Restaurant, Vita Bar, an indoor pool, whirlpool, fitness center, business center, basketball court and tennis court. Daniel Peek, KC Patel and Marc Duval of HFF represented the seller in the deal.
PLANO, TEXAS — Colliers International has arranged the sale of Parkway Commons, an office building located at 5068 W. Plano Parkway in Plano. CapRocq acquired the three-story building for $13.6 million. At the time of sale, the 101,289-square-foot property was 89 percent leased to a variety of tenants, including Farmers Insurance, Qualitest and Kenny’s Restaurant Group. John Bowles, Bruce Butler and Susan Gwin Burks of Colliers represented the undisclosed seller, while Kevin Huchingson and Isaac Smith of Colliers represented the buyer in the transaction.
SAN ANTONIO — The PPA Group has sold Kenton Place, a multifamily property located on 20 acres in northeast San Antonio. A private buyer acquired the 244-unit property for an undisclosed price. In 2008, The PPA Group originally purchased Kenton Place as part of a three-property portfolio that featured 10 acres of vacant land. The company renovated and updated the property and increased its NOI by 22 percent during its ownership period.
HOUSTON — NAI Partners has arranged the lease of a 10,800-square-foot distribution and wholesale facility located at 4555 Airline Drive in Houston. Quality Reel Solutions, a manufacturer and wholesale provider of nailed wood reels, plywood reels and custom manufactured industrial lumber, will occupy the facility. Jake Wilkinson of NAI Partners represented the tenant, while Darryl Noon of Transwestern represented the landlord, St. Paul Fire & Maine Insurance, in the deal.
FARMINGTON HILLS, MICH. — Colliers International has brokered the sale of a 35,090-square-foot retail automotive facility in Farmington Hills. The sales price was not disclosed. The facility, previously used as a sales and service center for Motor City Harley Davidson, is located at 34900 Grand River Ave. Farmington Hills-based Coretek Services, an IT services and consulting company, will lease the property as its new corporate headquarters. Paul Gobeille of Colliers represented the purchaser, an undisclosed LLC.