more_sales_and_leases

Cushman & Wakefield Brokers $21.3M Sale of Business Park in Metro Orlando

by John Nelson June 29, 2016

LAKE MARY, FLA. — Cushman & Wakefield has arranged the $21.3 million sale of Technology Park, a five-building, 297,582-square-foot office, flex and warehouse park in Lake Mary, a suburb of Orlando. The single-story buildings are located at 100, 200, 250, 255 and 525 Technology Parkway. Buildings 250 and 255 were recently converted to Class A office space. The portfolio was 58 percent leased at the time of sale to tenants such as FARO Technologies and CuraScript. Michael Lerner, Mike Davis and Rick Brugge of Cushman & Wakefield represented the seller, Toronto-based Sun Life Assurance Co. of Canada, in the transaction. Colorado-based Real Capital Solutions purchased the portfolio for roughly $72 per square foot.

June 29, 2016

California Retail Western

Hendrix Restaurant Joins Ocean Ranch Village in Laguna Niguel

by Nellie Day June 28, 2016

LAGUNA NIGUEL, CALIF. — Sentinel Restaurant & Hospitality Group is bringing its newest restaurant, Hendrix, to Ocean Ranch Village in Laguna Niguel. Located at 32431 Street of the Golden Lantern, the restaurant will offer flavors from a variety of American cooking techniques.

June 28, 2016

New York Northeast Retail

Ariel Property Advisors Brokers $7.8M Sale of Retail Property in the Bronx

by Amy Works June 28, 2016

NEW YORK CITY — Ariel Property Advisors has arranged the sale of a retail strip center located at 1943-1955 Westchester Ave. in the Parkchester section of the Bronx. A private investor purchased the property from Vanbarton Group for $7.8 million, or $861 per square foot. At the time of sale, the 9,000-square-foot property was fully occupied by commercial tenants, including H&R Block, GNC, Petland and a furniture store. The property is zoned for R6/C1-2, which allows for an additional 21,009 square feet of air rights. Victor Sozio, Shimon Shkury, Jason Gold, Scot Hirschfield and Marko Agbaba of Ariel Property Advisors represented the seller and procured the buyer.

June 28, 2016

Hospitality Kansas Midwest

Block & Co. Brokers Sale of Pad Site for Future Development of Homewood Suites Hotel in Kansas City

by Christina Cannon June 28, 2016

KANSAS CITY, KAN. — Block & Company Inc. Realtors has brokered the sale of a 2.7-acre pad site that will be home to a Homewood Suites by Hilton. The hotel will be part of Phase V of the Plaza at the Speedway development in Kansas City, which is an 850,000-square-foot retail power center. Baywood Hotels Inc. purchased the pad site located at 10922 Parallel Parkway. Tenants at the center include Walmart Supercenter, Sam’s Club, Kohl’s, Taco Bell, Olive Garden, Red Lobster, Chick-Fil-A, Jack in the Box, Wendy’s and Logan’s Roadhouse. David Block, Alex Block and Max Kosoglad of Block & Co. represented the seller, Plaza Speedway Development Inc., in the transaction.

June 28, 2016

Multifamily New York Northeast

Sugar Hill Partners Acquires 20-Unit Multifamily Property in Manhattan for $7.8M

by Amy Works June 28, 2016

NEW YORK CITY — Sugar Hill Partners has acquired a multifamily building located at 615 W. 136th St. in Manhattan. A Florida-based family trust sold the property for $7.8 million. Built in 1908, the 19,270-square-foot property features 20 apartments. Peter Vanderpool and Lazer Sternhell of Cignature Realty represented the buyer and the seller in the deal.

June 28, 2016

Industrial Michigan Midwest

Friedman Brokers Sale of 27,225 SF Industrial Building in Livonia, Michigan

by Christina Cannon June 28, 2016

LIVONIA, MICH. — Friedman Integrated Real Estate Solutions has brokered the sale of a 27,225-square-foot industrial building in Livonia, approximately 20 miles northwest of Detroit, for an undisclosed price. Silvio Properties LLC sold the building to Smith-Watkins Investments LLC. The building is located at 31520 Pamco Drive. David Friedman and Phil Konopitski of Friedman Integrated Real Estate Solutions represented the seller in the transaction.

June 28, 2016

Georgia Industrial Southeast

Lockheed Martin Sells Four Buildings, 52 Acres in Metro Atlanta to Georgia Tech

by John Nelson June 28, 2016

MARIETTA, GA. — Lockheed Martin has sold four buildings and 52 acres on its south campus in Marietta to the Georgia Institute of Technology. Collocated with five buildings occupied by the Georgia Tech Research Institute, the school will use the additional buildings and land to expand its research and development enterprise. The buildings previously housed the offices and operation of the F-22 Raptor program, which shuttered in 2013. The transaction between Lockheed Martin and Georgia Tech could bring as many as 500 jobs to Cobb County.

June 28, 2016

Georgia Southeast

GoldOller Buys 610-Unit Apartment Community in Atlanta’s Vinings District

by John Nelson June 28, 2016

ATLANTA — GoldOller Real Estate Investments has purchased Westhaven at Vinings Apartments, a 610-unit community located in Atlanta’s Vinings district. The gated property features four swimming pools, fitness center, outdoor kitchens, recently upgraded interiors, Wi-Fi business center café and a treetop clubhouse and resident lounge. Westaven at Vinings is the 10th multifamily acquisition in the Atlanta area since 2012 for the Philadelphia-based apartment owner-operator, which has more than 3,000 units in its Atlanta apartment portfolio. The sales price was undisclosed.

June 28, 2016

California Retail Western

NAI Capital Brokers $24.8M Sale of 151,000 SF Retail Center in Alhambra

by Nellie Day June 27, 2016

ALHAMBRA, CALIF. — NAI Capital has arranged the sale of Fremont Plaza, a retail power center located at 2500-2588 W. Commonwealth Ave. in Alhambra. City of Alhambra Successor Agency sold the property to an CTF Development NV for $24.8 million. At the time of sale, the property was 100 percent leased to Toys R Us, Party City and PetSmart. The sale also includes two ground leases to El Pollo Loco and Taco Bell. Situated on 7.4 acres, the property consists of three parcels. Scott Martin of NAI Capital represented the seller in the deal.

June 27, 2016

Industrial Texas

Miltech Business Center in Fort Worth Sells to a Personal Trust

by Katie Sloan June 27, 2016

FORT WORTH, TEXAS— Miltech Business Center, a 21,350-square-foot, multi-tenant industrial property located in Fort Worth, has been sold. The property, built in 2003, is currently fully occupied and offers units with exterior drive-up doors and 18-foot ceilings. Cody Payne of Marcus & Millichap marketed the property on behalf of the seller, an undisclosed private investor. Payne also secured the buyer, an undisclosed personal trust, in the transaction.

June 27, 2016

Newer Posts

Older Posts

Upcoming Events

Aug
26