DALLAS — Workplace interior furnishings company Teknion Corp. will relocate its Dallas/Fort Worth office and showroom to KPMG Plaza at HALL Arts. The 18-story, 500,000-square-foot office tower is located in the Arts District of Dallas. The company will move into an 8,000-square-foot space designed by Vanderbyl Design on the building’s 16th floor. TVSdesign will assist Vanderbyl in the execution of the space. Kim Butler, the director of leasing at HALL Group, represented the landlord in the lease, and Jeff Eiting of CBRE represented Teknion. The company will move into its new space in spring 2017.
TALLAHASSEE, FLA. — Lowe Enterprises Investors (LEI), in a joint venture with a foreign investment client, has acquired St. Augustine Plantation, a 100-unit assisted living and memory care community in Tallahassee. The seller was Capital Health Group LLC. Although a purchase price was not disclosed, Berkadia’s Senior Housing and Healthcare Group arranged $23.8 million in financing for LEI in connection with the transaction. St. Augustine Plantation includes 75 assisted living units built in 1998, as well as a 25-unit memory care building that was added in 2012. The community was 97 percent occupied at the time of sale. The new owners plan to improve common areas, add 24 more memory care beds and build a wellness center for recreation and rehabilitation, which Florida State University will manage. The acquisition is part of LEI’s continued push into the Southeast. Other recent acquisitions by the Los Angeles-based investment firm include a Hampton Inn in Jacksonville, an apartment community in North Carolina and a portfolio of three Hilton Garden Inns in Georgia. John Gaghan led the LEI investment team in the transaction. Kenneth Assiran and HFF led the seller’s team. Berkadia’s Senior Housing and Healthcare Group, led by Christopher Honn, Jeff Heath and …
SANTA ANA, CALIF. — Avison Young has arranged four 15-year leases for 24 Hour Fitness in Southern California. Keith Kropfl and Michael Ganz of Avison Young represented 24 Hour Fitness in the transactions. The fitness company is leasing 40,000 square feet at 1350 W. Edinger Ave. in Santa Ana from Plaza Edinger LLC, represented by Kropfl and Ganz; 33,500 square feet at 9051 Atlanta Ave. in Huntington Beach from Huntington South Center LLC, represented by CBRE; 46,000 square feet at 130 E. Imperial Highway in Fullerton from Fiesta Distribution represented by CBRE; and 38,000 square feet at 3490 Madison St. in Riverside from HFC/PRP Madison LLC. The locations in Santa Ana and Huntington Beach are slated to open in the first quarter of 2017; the Fullerton location is scheduled to open in the second quarter of 2017; and the Riverside location is expected to open around year-end 2017.
SANTA BARBARA, CALIF. — Lee & Associates Santa Barbara has brokered the sale of a retail property located at 34 E. Montecito St. in Santa Barbara. Avis Rent A Car sold the property in a sale/leaseback transaction to 34 East Montecito 2016 LLC for $2.5 million, or $1,866.67 per square foot. Situated in the Funk Zone area of Santa Barbara, the property features 1,350 square feet of retail space. Christi Vior of Lee & Associates Santa Barbara represented the buyer, while Rob Adams and Steve Leider, also of Lee & Associates, represented the seller in the deal.
NORWICH, CONN. — Lyman Real Estate Brokerage & Development has arranged the sale of a retail property located at 646 Boswell Ave. in Norwich. Goodlettsville, Tenn.-based Dollar General acquired the 1,558-square-foot property for an undisclosed price. The location formerly housed Seafood Etc. market. Matthew Darling of Lyman Real Estate represented the undisclosed seller, while Michael Alberico of Atlantic Retail Properties represented the buyer in the deal.
SOUTH PORTLAND, MAINE — David Lengyel, owner and chief caretaker of Willows Pizza, has leased the former SoPo Bar and Grill space at 740 Broadway in South Portland. SoPo Bar and Grill, which had been in operation since 2014, suddenly closed last week. Lengyel plans to relocate Willows Pizza from 1422 Broadway to the new 8,800-square-foot location and will be opening for business in November. Additionally, Lengyel plans to re-hire as many former SoPo employees as possible and expand the restaurant’s menu to include SoPo’s standard fare, including steaks and burgers. Cole Smith of CBRE | The Boulos Company brokered the transaction.
APPLETON, WIS. — Colliers International has brokered the sale of Concord Town Center, a multi-tenant retail center located at W31921 County Road KK in Appleton. Oasis Family Holding acquired the property from River Valley One for $4.5 million, or $185 per square foot. At the time of sale, the 24,287-square-foot property was 100 percent occupied. Mark Pucci of Colliers International | Wisconsin represented the seller in the transaction.
ST. LOUIS — Intelica CRE has arranged the sale of an office and warehouse facility located at 2316 Schuetz Road in St. Louis. Pohlman Metal Seal Precision acquired the property from Davidson Surface Air for $3.6 million. Situated on 6.7 acres, the property totals 97,000 square feet. Gary Parker and Dan Merlo of Intelica CRE brokered the transaction.
CHICAGO — Essex Realty Group has brokered the sale of an apartment building located at 53 W. Burton Place in Chicago’s Gold Coast. An undisclosed buyer acquired the property for $2 million. The six-unit building features four one-bedroom/one-bath units, one two-bedroom/one-bath unit and one three-bedroom/one-bath unit. Doug Fisher of Essex represented the undisclosed seller, while Jordan Gottlieb, also of Essex, represented the buyer.
ARLINGTON HEIGHTS, ILL. — Quantum Real Estate Advisors has arranged the sale of a multi-tenant retail property located at 2-18 S. Dunton Ave. in Arlington Heights, a northwest suburb of Chicago. An international real estate investment fund acquired the property from a Chicago-based investment group for $1.3 million. Built in 2006, the 8,195-square-foot street-level retail property is part of a 55-unit condo building. At the time of sale, the retail property was 100 percent occupied. Daniel Waszak of Quantum represented the seller in the deal.