HOUSTON — Marcus & Millichap has arranged the sale of Memorial Mini Storage, a self-storage facility located at 1101 Tully Road in Houston. Bargain Storage acquired the 519-unit property for an undisclosed price. Dave Knobler and Charles LeClaire of Marcus & Millichap represented the seller and secured the buyer in the deal.
SAN MARCOS AND BURNET, TEXAS — Retail Solutions has arranged the sales of two retail properties located in the greater Austin area. In the first transaction, Popeye’s Fried Chicken purchased a retail property at StoneCreek Crossing in San Marcos. Nomoland Co. sold the property for an undisclosed price. Dave Burggraaf of Retail Solutions represented the buyer, and Jimbo Cotton of McAllister & Associates represented the seller in the deal. In the second deal, Isabel Reid acquired a 2,400-square-foot retail property located at 109 E. Jackson St. in Burnet. 7-Eleven Inc. sold the property for an undisclosed price. Preston Wolfe of Retail Solutions represented the seller, while Jane Hurst of Broker’s Realty represented the buyer in the transaction.
SAN DEIGO — Rexford Industrial Realty has purchased an 83,500-square-foot industrial property in San Diego for $15.5 million. The facility is located at 9190 Activity Road. It is fully leased to a credit tenant that has more than six years remaining lease term. The acquisition was funded with cash on hand.
MELVILLE, N.Y. — A joint venture between Treeline and The KABR Group has acquired a four-story office building located at 3 Huntington Quadrangle in Melville, roughly 40 miles outside New York City. Hines REIT sold the 408,000-square-foot property for $35.8 million. William Schroeder designed the building, which was built in 1971. Jose Cruz of HFF represented the seller in the transaction. Chris Peck, Geoff Goldstein, David Giancola, Alex Staikos and Jordan Avanzato of HFF secured financing on behalf of the buyer through Wells Fargo Bank.
WARNER, N.H. — CBRE/New England has brokered the sale of an industrial facility located at 780 Route 103 West in Warner. Milton CAT sold the 49,880-square-foot property to CS Properties for an undisclosed price. Built in 1988, the facility features a 35,500-square-foot service shop with 6,380 square feet of air-conditioned office space and a separate 9,100-square-foot warehouse with eight drive-in doors. Chris Healey of CBRE/NE represented the seller and procured the buyer in the deal.
NEW YORK CITY — Cushman & Wakefield has arranged the sale of a development site located at 159-18 Northern Blvd. in the Flushing area of Queens in New York City. Flushing Bank sold the property to an undisclosed local buyer for $13.2 million. The 28,764-square-foot site has more than 112 square feet of frontage along Northern Boulevard and 55 square feet of frontage along 159th Street. The site includes a two-story, 9,213-square-foot commercial building and 38,831 square feet of air rights. Stephen Palmese and Stephen Preuss of Cushman & Wakefield handled the transaction.
NEW YORK CITY — GFI Realty Services has arranged the sale of a retail center located at 6661 Broadway in the North Riverdale neighborhood of The Bronx, the northernmost borough of New York City. A local investor acquired the 4,750-square-foot property for $1.5 million. The property consists of six stores and 30,000 square feet of air rights. Shawn Sadaghati of GFI Realty represented the seller, a local investor, while Aron Taub, also of GFI, represented the buyer in the transaction.
ADDISON, TEXAS — Stream Realty Partners has arranged the sale of Midway Office Park, an office property located at 4275 Kellway Circle and 16160 Midway Road in Addison. PRE Management sold the 102,855-square-foot property for an undisclosed sum. Dallas Metrocare anchors the property. Jamie Jennings, James Mantzuranis, Caitlin Clinton and Chase Lopez of Stream Realty represented the seller in the transaction. The name of the buyer was not released.
BUDA, TEXAS — REOC Austin has arranged the acquisition of a manufacturing facility located at 150 Precision Drive in Buda. Heaven Hill Brands, dba Deep Eddy Vodka, purchased the 194,574-square-foot facility from Lone Star CCC for an undisclosed price. The new property is the second location for the Austin-based spirits company. Mark Milstead of REOC Austin represented the buyer, while Greg Marberry of CBRE represented the seller in the deal.
MCALLEN, TEXAS — Marcus & Millichap has arranged the sale of Maple Court Apartments, a multifamily property located at 1400 N. 16th St. in McAllen. Built in 1973, the property features 46 apartments in four buildings, a central courtyard, covered parking and an on-site laundry room. Mike Moffitt Jr. and William Stover Jr. of Marcus & Millichap’s Austin office represented the seller, a limited liability company, and secured the buyer, a partnership. The acquisition price was not released.
