LOS ANGELES — Mani Brothers Real Estate Group has purchased The Landing at Playa Vista, a 100,756-square-foot office building in the Los Angeles submarket of Playa Vista, for $80 million. The Class A property is located at 12655 Jefferson Blvd. The six-story property was originally built in 1985. It was recently redeveloped into a creative office space. The Landing underwent extensive upgrades, including exposed ceilings, open floor plans, multiple outdoor decks, and the conversion of an internal stairwell and a portion of the underground parking garage into office space. The building was fully pre-leased prior to the renovation’s completion. WeWork signed a deal for 78,000 square feet, which takes up most of the building’s space. Media and communication firm Dentsu Aegis Network leased the remainder of the property. Madison Partners’ Bob Safai represented Mani, while the seller, Hudson Pacific Properties, represented itself in this transaction.
TORRANCE, CALIF. — A joint venture between PMRG and Mariner Real Estate Management has purchased Torrance Technology Campus, a 573,167-square-foot office campus, for an undisclosed sum. The five-building campus is located at 3100 Lomita Blvd. in Torrance. The property is currently 70 percent leased by L-3 Communications and Torrance Memorial Medical Center. Oliver Fleener of PMRG will handle leasing at the property, while the firm’s James Bowers will handle property management. Newmark Knight Grubb Frank represented the seller, an institutional investor, in this transaction.
NORTH BRANFORD, CONN. — Cushman & Wakefield has arranged the sale of Evergreen Woods, a continuing care retirement community located in North Branford. National Health Investors Inc. purchased the 299-bed property from Shoreline Life Care LLC for an undisclosed price. After acquiring the property, the buyer leased the property to Charlotte, N.C.-based Senior Living Communities. The community offers residents a full continuum of care with independent living, assisted living/supportive care and skilled nursing care. Richard Swartz, Jay Wagner and Aaron Rosenzweig of Cushman & Wakefield represented the seller in the deal.
ENFIELD, CONN. — Maragust Holdings LLC has purchased an industrial facility situated on 9 acres at 250 S. Road in Enfield. 3M Purification Inc. sold the 114,300-square-foot property for $2.9 million. Sentry Commercial represented the buyer, while Cushman & Wakefield of Connecticut Inc. represented the seller in the transaction.
HOUSTON — Colliers International has brokered the sale of a medical office building located at 150 FM 1959 in Houston. WHGS Holdings Co., dba Coastal Surgical Group, sold the property for an undisclosed price. Built in 2007, the property features 12,300 square feet of medical office space. Beth Young and Marshall Clinkscales of Colliers represented the seller, while Cameron Crouch of Gulf Coast Properties represented the undisclosed buyer in the transaction.
DALLAS — JLL has brokered the sale of the former John Roberts BMW retail property located at 2536 Forest Lane in Dallas. AutoNation Luxury Imports Ltd. sold the 96,557-square-foot property, including its 6.2-acre land parcel, for an undisclosed sum. Clay Smith, Mark Newman and Katie Carlisle of JLL represented the seller, while Mark Adame of Joe Adame & Associates Inc. represented the undisclosed buyer in the transaction.
ANKENY, IOWA — The Opus Group has begun leasing the first building at Corporate Woods Industrial Park in Ankeny just north of Des Moines. Columbus, Ohio-based Power Distributors will lease nearly 70 percent of the 208,000-square-foot speculative industrial warehouse for its velocity distribution center. Located adjacent to Interstate 35, the facility is situated on 52 acres of land and features 32-foot clear heights. Corporate Woods is owned by a joint venture partnership between Opus Development LLC and Founders Properties LLC. Marcus Pitts, Justin Lossner and Jones Lang LaSalle of The Opus Group marketed the property for lease. Bob Bettendorf of The Bettendorf Co. represented Power Distributors in the leasing.
CHARLOTTE, N.C. — Boston-based AEW Capital Management has purchased Carnegie VII and Carnegie Ten, two office buildings located at 5955 and 5605 Carnegie Blvd. in Charlotte’s Southpark office submarket, for $40.2 million. Patrick Gildea, Will Yowell and Jay O’Meara of CBRE represented the sellers, Carnegie Ten LLC, owned by Community Investments Foundation, a supporting organization of Foundation For The Carolinas; and Carnegie VII LLC, in the transaction. The sellers are subsidiaries of Bissell Cos., which developed and managed Carnegie VII and Carnegie Ten. The office properties’ anchor tenants include Citizens Bank, Enpro Industries and Humana Insurance.
LAWRENCEVILLE, GA. — Emma Capital Investments Inc. has purchased 3400 Club Apartments, a 300-unit, garden-style apartment community located at 3400 Club Lake Parkway in Lawrenceville, a northeast suburb of Atlanta in Gwinnett County. Emma Capital acquired the asset for $25.7 million. Built in 1984, 3400 Club features six different floor plans averaging 1,140 square feet. Community amenities include a swimming pool and tennis court. Emma Capital plans to renovate the interiors of a majority of the units, as well as expand tenant amenities with features such as outdoor fitness equipment and enhancements to the clubhouse. This is Emma Capital’s 19th purchase in the United States and brings Emma Capital’s total acquisitions to date to more than $300 million and over 4,500 apartment units.
DURHAM, N.C. — Gemini Rosemont LLC, a Santa Fe, N.M.-based office real estate investment firm, has purchased SouthCourt, a six-story office building in Durham. The sales price was undisclosed, but the Triangle Business Journal reports that Gemini Rosemont acquired the 131,976-square-foot building for $17.5 million. Torchlight Investors sold the property, which is anchored by Blue Cross Blue Shield of North Carolina’s headquarters. SouthCourt features ground-floor retail space, a fitness center and a salon, and the property is within walking distance of The Fresh Market, Starbucks Coffee, Super Target and Mi Peru. Scot Humphrey and Ryan Clutter of HFF brokered the transaction. Trinity Partners, under the direction of Gemini Rosemont’s Tine Renee McCall, will handle leasing responsibilities and property management services at SouthCourt.