more_sales_and_leases

The Geenty Group Brokers $1M Acquisition of Industrial Property in Connecticut

by Amy Works July 20, 2016

EAST HAVEN, CONN. — The Geenty Group, Realtors, has arranged the acquisition of a light industrial building located at 158 Commerce St. in East Haven. Anthony Augliera Inc. acquired the 41,654-square-foot property from Masu Realty for $1 million. The buyer plans to relocate its Augliera Moving & Storage business to the property from its current location in West Haven, Conn. Kristin Geenty of The Geenty Group represented the buyer, while Kevin Geenty, also of The Geenty Group, represented the seller in the deal.

July 20, 2016

Industrial New Jersey Northeast

Avison Young Negotiates 143,890 SF Industrial Warehouse Lease in New Jersey

by Amy Works July 20, 2016

UNION, N.J. — Avison Young represented Boxed, a mobile delivery service for wholesale goods, in the seven-year lease of a 143,890-square-foot of industrial warehouse space at 750 Union Ave. in Union. The property is owned by Bridge Development Partners. Now occupying more than 50 percent of the 263,553-square-foot facility, Boxed will use the space as its regional distribution center with additional office space. Jennifer Ogden of Avison Young and Andrew Houston of CBRE brokered the deal.

July 20, 2016

Midwest Minnesota Retail

New Dunkin’ Donuts Coming to Roseville, Minnesota

by Christina Cannon July 19, 2016

ROSEVILLE, MINN. — VANTive Group, a franchise company based in Chicago, has signed a 2,000-square-foot lease at 2425 Rice St. in Roseville for a new Dunkin’ Donuts restaurant. It is the first lease in Minnesota for the VANTive Group, which owns five existing Dunkin’ Donuts restaurants in the Chicago area. Roseville is located eight miles northeast of Minneapolis. The restaurant site, owned by Hempel, is under construction and the restaurant is scheduled to open this fall.

July 19, 2016

California Multifamily Western

The Bungalows at Mathilda in Silicon Valley Sells for $22.5M

by Nellie Day July 19, 2016

SUNNYVALE, CALIF. — An unnamed buyer has purchased The Bungalows at Mathilda, a 68-unit apartment complex in the Silicon Valley submarket of Sunnyvale, for $22.5 million. The community is located at 126 Ahwanee Ave. The Bungalows at Mathilda has undergone extensive exterior and interior renovations over the past year. It is situated near major employers, including the new campuses for Google and Apple. Adam Levin and Robert Johnston in Marcus & Millichap’s Palo Alto office represented the buyer and seller, Interstate Equities Corp., in this transaction.

July 19, 2016

California Retail Western

SRS Real Estate Secures Ground Lease for BMW Service Center in San Francisco

by Nellie Day July 19, 2016

SAN FRANCISCO — SRS Real Estate Partners has secured a ground lease on a 58,040-square-foot property located at 1501 Harrison St. in San Francisco’s South of Market district. The tenant plans to construct a new BMW Service center on the site. Matt Alexander and Andrew Lindsey of SRS Real Estate Partners, along with Chris Hamey of HC&M Commercial Properties, brokered the transaction. The names of the tenant and landlord were not released.

July 19, 2016

New York Northeast Office

Rand Commercial Brokers $9.2M Sale of Office Building in New York

by Amy Works July 19, 2016

WHITE PLAINS, N.Y. — Rand Commercial has arranged the sale of an office building located at 10 County Center in White Plains. Ascot Properties NYC sold the 208,000-square-foot building to Bajraktari Realty Management Corp. for $9.2 million. Paul Adler, Ann Silver and Nick Spano of Rand Commercial represented the seller and buyer in the deal.

July 19, 2016

California Retail Western

Retail California Brokers Three Leases Totaling 39,144 SF in Fresno, Madera

by Nellie Day July 19, 2016

FRESNO AND MADERA, CALIF. — Retail California has arranged three leases totaling 39,144 square feet of retail space in Fresno and Madera. In the first deal, Lumber Liquidators Inc. leased 8,144 square feet of retail space at 5091 N. Fresno St. in Fresno from 5561 Sultana LLC. Nick Frechou and Mike Arfsten of Retail California worked with Doug Cords and Shane Anderson of Commercial Retail Associates to arrange the transaction. In the second transaction, Dollar Tree leased 10,000 square feet of retail space at 333 W. Olive Ave. within Bethard Square Center in Madera from First Priority Funding. Arfsten along with Cords and Anderson brokered the deal. In the final deal, PF Madera LLC leased 21,000 square feet of retail space at 313 W. Olive Ave. within Bethard Square Center in Madera from First Priority Funding. Arfsten and Anderson arranged the transaction.

July 19, 2016

Healthcare Texas

CBRE Brokers Sale of Medical Facility in Oklahoma City

by Haisten Willis July 19, 2016

OKLAHOMA CITY — CBRE’s U.S. Healthcare capital markets group has brokered the sale of a 62,857-square-foot medical facility in Oklahoma City fully leased to Lakeside Women’s Hospital. Tampa-based Carter Validus Properties II LLC purchased the asset from Physicians of Northwest Oklahoma Investment Group LLC for an undisclosed price. Jason Little of CBRE’s Oklahoma City office teamed with Chris Bodnar and Lee Asher of CBRE’s U.S. Healthcare capital markets group to market the asset on behalf of the seller. Situated on five acres, the inpatient medical facility is located at 11200 N. Portland Ave.

July 19, 2016

Industrial Texas

Lee & Associates Arranges 56,132 SF Industrial Sale in Metro Dallas

by Haisten Willis July 19, 2016

CARROLLTON, TEXAS — Lee & Associates has arranged the sale of a 56,132-square-foot industrial building located at 1540 Champion Drive in Carrollton. Nathan Denton of Lee & Associates’ Dallas/Fort Worth office represented the seller, StoneDome Real Estate LLC. Ryan Boozer of Stream Realty Partners represented the buyer, Terrastone LLC.

July 19, 2016

Georgia Retail Southeast

Preferred Apartment Communities Buys Sprouts-Anchored Shopping Center in Metro Atlanta

by John Nelson July 19, 2016

CUMMING, GA. — Preferred Apartment Communities Inc. (PAC) has purchased Lakeland Plaza, a 301,711-square-foot shopping center located at the intersection of Georgia 400 and Highway 20 in Cumming. The shopping center is anchored by a 29,855-square-foot Sprouts Farmers Market and an 86,479-square-foot Belk. PAC acquired Lakeland Plaza through its wholly owned subsidiary New Market Properties LLC. Protective Life Insurance Co. provided a 10-year acquisition loan on behalf of PAC that features a fixed 3.85 interest rate. The seller and sales price were not disclosed.

July 19, 2016

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