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more_sales_and_leases

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CivicMassachusettsNortheast

The Triad Group Brokers 100,000 SF Long-term Lease for Former Kindred Hospital Campus in Massachusetts

by Amy Works

BRAINTREE, MASS. — The Triad Group has arranged the 20-year lease for the former Kindred Hospital campus, located at 2001 Washington St. in Braintree. CATS Academy, a United Kingdom-based prep school, has leased the 100,000-square-foot facility from 2001 Washington Street LLC. The landlord completely renovated the former hospital facility, which was built in 1918, and built 400 dorm rooms to accommodate students on the property. Andrew Mann of The Triad Group represented the tenant, while David Stubblebine, James Stubblebine and Micah Stubblebine of The Stubblebine Company represented the landlord in the transaction.

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OfficeOklahomaTexas

CBRE Arranges Sale of Class A Office Building in Tulsa

by Haisten Willis

TULSA, OKLA. — CBRE has arranged the sale of BOK Place at Southern Hills, a 126,656-square-foot, Class A office building in Tulsa. The eight-story asset was 89 percent occupied at closing. Mary Martin of CBRE’s Tulsa office represented the seller, Allegiancy Houston LLC, in the transaction. The building is located at 5727 S. Lewis Ave. near the intersection of East 61st Street and South Lewis Avenue with close proximity to Southern Hills Country Club. Building amenities include high-speed internet, on-site banking with drive thru lanes and an on-site deli. Major tenants include Bank of Oklahoma and The Home Depot.

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IndustrialTexas

AmeriPac Leases Second Industrial Facility in Dallas

by Haisten Willis

DALLAS — AmeriPac Inc., a contract packaging and fulfillment company, has leased a 119,717-square-foot industrial facility at 1000 N. 28th Ave. in Dallas. The property is a part of the company’s expansion and will be used in conjunction with its current facility, which is located directly across the street. The new facility, located at DFW International Airport, features 10,709 square feet of office space, 30-foot clear heights and 22 dock-high loading doors. The space will also be 100 percent climate controlled. The Cushman & Wakefield team of Blake Anderson and David Eseke negotiated the lease on behalf of AmeriPac.

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OfficeTexas

JLL Negotiates Office Lease in Metro Dallas

by Haisten Willis

FLOWER MOUND, TEXAS — JLL has negotiated a 21,803-square-foot office lease for IntelliCentrics Inc. a healthcare network. The company’s new U.S. headquarters will be at Lakeside Commerce Center, located at 1420 Lakeside Parkway in Flower Mound. JLL’s Steve Thelen and Doug Carignan negotiated the lease on behalf of the tenant. Blake Kendrick of Stream Realty Partners represented the landlord, Exeter Lakeside I LP.

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OfficeSoutheastVirginia

Cushman & Wakefield | Thalhimer Brokers $10.8M Sale of 16-Story Office Building in Norfolk

by John Nelson

NORFOLK, VA. — Cushman & Wakefield | Thalhimer has brokered the $10.8 million sale of a 16-story, 230,316-square-foot office building located at 500 E. Main St. in Norfolk’s central business district. Richmond, Va.-based Riverstone Properties LLC purchased the asset from the undisclosed seller. The building was 59 percent leased at the time of sale to 32 tenants. BB&T anchors the property and operates a full-service bank branch on the ground floor. Other tenants include Hampton Roads Chamber of Commerce, Hunton & Williams and Brown & Brown. Eric Robinson and John Duffy of Cushman & Wakefield | Thalhimer brokered the transaction.

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IndustrialSoutheastVirginia

NGKF Arranges 143,440 SF Industrial Lease Expansion in Alexandria

by John Nelson

ALEXANDRIA, VA. — Newmark Grubb Knight Frank (NGKF) has arranged a 143,440-square-foot industrial lease expansion in Plaza 500, a two-story, 500,800-square-foot industrial property located at 6295 Edsall Road in Alexandria. The owner, First Potomac Realty, signed Paxton Van Lines Inc. to the lease, which increases the moving and storage company’s footprint in Plaza 500 by 36,127 square feet. Larry Fitzgerald of NGKF represented Paxton Van Lines in its original lease at Plaza 500 three years ago and also represented the company in its expansion. Additionally, Fitzgerald represented Paxton Van Lines in its recent $3.6 million sale of 32 acres in Manassas, Va., which is slated to be home to a new data center. With the expansion, Paxton Van Lines is now the largest tenant at Plaza 500.

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AlabamaRetailSoutheast

Corporate Property Dispositions, Avison Young Broker Home Depot’s Land Sale in Alabama

by John Nelson

SYLACAUGA, ALA. — Corporate Property Dispositions and Avison Young have represented The Home Depot in its sale of 3.6 acres of land in Sylacauga. The site is situated adjacent to The Home Depot store along U.S. Highway 280. Elcan & Associates purchased the land to develop a Dollar Store and additional retail space. Keith Valentine of Corporate Property Disposition’s Atlanta office and Patrick Arnold of Avison Young brokered the sale. Valentine represented The Home Depot on previous land sales at this location for Zaxby’s and Captain D’s.

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IllinoisMidwestRetail

EXP Realty Arranges $34M Sale of Building Leased to Mariano’s in Bronzeville, Illinois

by Kristin Harlow

BRONZEVILLE, ILL. — EXP Realty Advisors, Inc. has arranged a $34 million sale of a building occupied by grocer Mariano’s in Bronzeville. The 74,000-square-foot building is located at 3857 S. Martin Luther King Drive, five miles south of Chicago. The building is triple net leased to Mariano’s, a division of Kroger. The buyer was a New York City-based real estate investor seeking a high-quality, well-positioned asset. Andrew Greenberg of EXP Realty Advisors represented the buyer.

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MassachusettsMultifamilyNortheast

True North Capital Partners Acquires 207-Unit Apartment Community in Waltham, Massachusetts

by Amy Works

WALTHAM, MASS. — An affiliate of True North Capital Partners has acquired Waltham Overlook, an apartment community located in Waltham, for an undisclosed sum. Built in 1979 and renovated in 2010, the community comprises nine three-story garden-style apartment buildings, a fitness center, outdoor pool, grill area and sun deck. The property features 207 apartment units in a mix of one- and two-bedroom layouts. Simon Butler and Biria St. John of CBRE/New England represented the undisclosed seller and procured the buyer in the deal.

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New YorkNortheastRetail

The North Face Launches First Flagship Store in NYC on Fifth Avenue

by Amy Works

NEW YORK CITY — The North Face has opened its first-ever flagship store in New York City. Located at 510 Fifth Ave., the 20,000-square-foot store offers an immersive brand experience for customers by bringing the beauty of outdoor exploration inside while inspiring customers to push their limits outside. The new store features a climbing wall; custom product available only at the Fifth Avenue location, including a limited edition Original Daypack collection, a collaboration with New Era; and on-site product customization featuring vintage and new collectible patches in partnership with Lot, Stock and Barrel. Additionally, the store has specialist associates on hand to assist customers with choosing technical apparel. This year marks the 50th anniversary of The North Face, which was founded in 1966.

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