FRISCO, TEXAS — Bethesda Senior Living Communities, a Colorado-based nonprofit developer and operator, has acquired Rambling Oaks Courtyard, an 80-unit assisted living community in Frisco. The acquisition was part of a $27 million financing from Compass Bank of Denver that also included $13 million in construction financing for a new community in Colorado. Bethesda will rebrand the community as Bethesda Gardens Frisco. The site also features developable acreage around the existing building. Bethesda plans to expand services at the community. With the acquisition and new development, Bethesda now operates 18 seniors housing communities in Arizona, Indiana, Nebraska, Missouri, Colorado and Texas.
FORT WORTH, TEXAS — Pollo Regio and Canales Furniture have expanded their footprint at La Gran Plaza Mall, a regional mall located on the northwest corner of Seminary Drive and I-35W in Fort Worth. Fast food chain Pollo Regio has expanded from 1,650 square feet of space at the mall to 4,350 square feet, and Canales Furniture has expanded from 5,130 square feet of retail space to 14,734 square feet. Leasing representative Beatrice Townsend negotiated both leases on behalf of Boxer Retail.
ROCHESTER HILLS, MICH. — American Healthcare Investors and Griffin Capital Corp., the co-sponsors of Griffin-American Healthcare REIT IV Inc., have agreed to buy a medical office building in Rochester Hills for an undisclosed price. The 30,000-square-foot facility is approximately 93 percent leased to seven tenants, the largest of which is William Beaumont Hospital. An undisclosed seller disposed of the property located approximately 30 miles north of Detroit.
PHOENIX — 29th Street Capital has acquired the 180-unit Park Tower Apartments in Phoenix for $21.6 million. The community is located at 1283 W. Parklane Blvd. It was built in 1986. Steven Nicoluzakis and David Fogler of Cushman & Wakefield represented the seller, Clear Sky Park Tower, in this transaction.
KERMAN, CLOVIS AND FRESNO, CALIF. — Retail California has arranged the leases of three retail properties totaling 11,459 square feet in California. In the first deal, Hernwal, doing business as Deli Delicious, leased 1,329 square feet of retail space at 14053 Whitesbridge Ave. in Kerman from CFT NV Developments LLC. Lewis Smith of Retail California and Nathan Negri of Commercial Retail Associates arranged the transaction. In the second deal, Personal Express Insurance signed a lease for 1,800 square feet of retail space at 1660 Herndon Ave. in Clovis from Buchanan Crossroads LLC. Michael Arfsten of Retail California, along with Shane Anderson of Commercial Retail Associates, brokered the deal. In the final transaction, Family Dollar Inc. leased 8,330 square feet of retail space at the northeast corner of Venture Avenue and 11th Street in Fresno from FD Partners LLC. John Lee and Lewis Smith of Retail California brokered the deal.
ARLETA, CALIF. — Centers Business Management (CBM) has arranged the lease of 3,000 square feet of space at 9700 Woodman Ave. in Arleta. Kahen & Kahen MD Inc. leased the space from Regency for an urgent care center. CBM represented the landlord, while Alex Shabani of CBM represented the tenant in the transaction.
GLENDORA, CALIF. — Sprouts Farmers Market and Marshalls are expanding into Glendora. The national grocer and retailer, respectively, will co-anchor the former Ralphs center on the southeast corner of Route 66 and Grand Avenue. Sprouts Farmers Market offers natural and organic produce and meat and a full service deli and bakery. Marshalls offers an assortment of merchandise, including family apparel, footwear and home décor. Champion Real Estate Co. acquired the asset in 2015 with plans to redevelop the property. The company has begun the initial phase of the redevelopment project with an expected completion date of June 2017.
NEW YORK CITY — Cushman & Wakefield has brokered the sale of a two vacant and gutted buildings located at 346-350 W. 71st St. on Manhattan’s Upper West Side. Cydonia RE W71 Inc. acquired the assets from 346 West 71 Realty LLC and 350 West Realty LLC for $55.25 million, or $840 per square foot. The adjacent seven-story buildings sit on a 102-foot by 126-foot lot and total 65,772 square feet above grade and 10,000 square feet on the lower level. Prior to sale, the buildings were gutted and positioned for a purchaser to renovate as either luxury condominiums or rental apartments. Hall Oster, Paul Smadbeck, Teddy Galligan and Robert Stufano of Cushman & Wakefield represented the sellers, while DNA Development represented the buyer in the deal.
SOUTH BRUNSWICK, N.J. — Cushman & Wakefield has arranged the lease of 221,000 square feet of industrial space at 130 Interstate Blvd. in South Brunswick. O’Neill Logistics, a third-party logistics firm, is relocating from two addresses in Avenel, N.J., to the facility within the Exit 8A submarket. Additional tenants at the facility include FedEx and Home Depot. Dan Badenhausen and Andrew Stypa of Cushman & Wakefield represented tenant, while Nathan Demetsky of JLL represented the landlord, Terreno Realty Corp., in the transaction.
FAIRFIELD, CONN. — HK Group has brokered the sale of a restaurant property located at 348 Black Rock Turnpike in Fairfield. FCCW LLC and Baylor LLC sold the 2,663-square-foot property to Ahabs Table LLC and Black Rock SoHo LLC for $1.3 million. At the time of sale, Black Rock Oyster Bar & Grill was in operation at the site. The buyers plan to continue to operate the restaurant/bar under a new name. David Cervero and Ralph Michel of HK Group represented the buyer, while Audrey Long of Guttman Realty Advisors represented the seller in the deal.