BROOKSVILLE, FLA. — ProVest Properties LLC has acquired Sunrise Plaza, an 86,815-square-foot shopping center located in the Tampa suburb of Brooksville, for $4.8 million. Winn-Dixie anchors the shopping center, which is also home to tenants including Beef O’Brady’s and Winn-Dixie Liquor. Brad Peterson and Whitaker Leonhardt of HFF arranged the sale on behalf of the seller, Noble Properties.
DENVER — Prologis has purchased a 40-acre industrial site in Central Denver for an undisclosed sum. The infill site is located at 6030 Washington St. The area is undergoing a significant redevelopment, which may displace a number of industrial tenants who will need to seek out new spaces within the area. Some of the most notable projects include the redevelopment of the National Western Stock Show, the reconstruction of I-70 between Brighton and Colorado boulevards and the continued transformation of the RiNo district. Matt Trone, Steve Hager and Sam Slaton of Cushman & Wakefield represented the seller, Northwest Pipe Co., in this transaction. The team will also act as Prologis’ leasing agents.
ALMA, MICH. — Lamb Net Lease LLC has brokered the sale of a net leased Walgreens pharmacy in Alma in central Michigan for $5.8 million. The 14,820-square-foot property is located at 1420 Wright Ave. The buyer, Riverlawn Properties LLC, completed the deal as part of a 1031 exchange. Joe Patti of Roaring Fork Holdings LLC represented the buyer. Mike Lamb of Lamb Net Lease represented the seller, Retail Development Inc.
HOUSTON — KBS Growth & Income REIT has purchased The Offices at Greenhouse, a 203,221-square-foot office building in Houston, for an undisclosed sum. Currently 95 percent leased, the five-story building is LEED Silver-certified. Built in 2014, the property features a landscaped courtyard, 50-person learning center with AV equipment, 10-person board room and a four-level parking garage. The name of the seller was not released.
MORRISTOWN, N.J. — NAI James E. Hanson has arranged the acquisition of a 22,000-square-foot retail property located at 110 Washington St. in Morristown. E&H Members LLC acquired the property, which is occupied by Whole Foods Market, for an undisclosed sum. Scott Perkins, Greg James and Chris Todd of NAI Hanson represented the buyer in the deal. The name of the seller was not released.
FRISCO, TEXAS — McCathern PLLC has signed a 10-year lease of office space at The Star in Frisco, the new Dallas Cowboys World Headquarters and Training Facility. The law firm will occupy 5,673 square feet at One Cowboys Way. Scott Hobbs and Michelle Donaldson of CBRE represented the tenant, while Jack Young of Lincoln Property Co. represented the landlord, Frisco HQ Operations, in the lease negotiations. McCathern currently has offices in Dallas, Houston and Los Angeles.
HOUSTON — NAI Partners has arranged the acquisition of an office space located on Richmond Avenue in Houston’s Montrose neighborhood. Rob Wiley P.C. purchased the 2,600-square-foot space from WT MAGS LLC for an undisclosed price. Dan Boyles Jr. and Michael Mannella of NAI Partners represented the buyer, while Jane Brennan-Martin of Carnan Properties represented the seller in the deal.
SHELBURNE, VT. — Nedde Real Estate has arranged an office lease at 181 Falls Road in Shelburne. NorthEast Estates and Trusts PLLC and Law Office of Richard J. Fox will occupy 955 square feet at the property. The lease will begin in January 2017 and expire in two years. Fernando Cresta of Nedde Real Estate arranged the lease transaction. The landlord is LaPlatte Partnership.
HYATTSVILLE, MD. — PREIT, a Philadelphia-based retail REIT, has signed Ulta Beauty and DSW to leases at Mall at Prince Georges in Hyattsville as part of the mall’s $30 million remerchandising and renovation program. Located at 3500 East-West Highway in suburban Washington, D.C., the property will undergo a facelift in early 2017 that encompasses new exterior facades and entrances, in addition to PREIT’s remerchandising efforts. Ulta Beauty has leased an 11,000-square-foot space at the mall, and DSW has leased 16,000 square feet. Both retailers are set to open their stores in the second quarter of 2018. PREIT also signed H&M to a 20,000-square-foot lease earlier this year, and the apparel retailer plans to open its store next month. PREIT plans to wrap up the mall’s renovations in time for the 2017 holiday season and complete the remerchandising in 2018, at which time about 73 percent of the non-anchor space — including new and existing shops and restaurants — will have new storefronts.
HUNTERSVILLE AND CONCORD, N.C. — ECHO Realty has acquired two Harris Teeter-anchored shopping centers located in metro Charlotte. The acquisitions include Regency Village, a 70,000-square-foot center located in the Lake Norman community of Huntersville, and Coddle Creek, an 80,000-square-foot center located in Concord. This acquisition brings ECHO Realty’s presence in North Carolina to six grocery-anchored properties, four of which are located in the Charlotte market.
