TAMPA, FLA. — Rosemurgy Properties has purchased The Shops on South Howard, a 21,393-square-foot retail center located at 533 S. Howard Ave. in south Tampa, for $10.5 million. The property’s tenant roster includes Chipotle, Jimmy John’s, GNC, The Optic Shop and Edward Jones. Nat Scarmazzi of HFF’s Miami office represented Rosemurgy Properties in the transaction.
CONCORD, N.C. — Colliers International has brokered the $10.5 million sale of a 135,197-square-foot, freestanding Lowe’s Home Improvement store located at 940 Concord Parkway in Concord, a northern suburb of Charlotte. Built in 1999, the property currently has three-and-a-half years remaining on its 20-year lease. Jon Busse of Colliers International’s San Diego region and Greg Copps of the firm’s Charlotte office represented the seller, Carolina Emerald LLC, in the transaction. Brad Grow of Colliers International’s Charlotte office represented the buyer, Tailwind Charlotte Retail LLC, a private investment group based in Dallas.
LAKE FOREST, CALIF. — Newmark Grubb Knight Frank has brokered the sale of two-tenant, triple-net leased retail property located at 29100 Portola Parkway in Lake Forest. Amkly Enterprises purchased the asset from Salok CA LLC for $2.9 million. Built in 2002, the Clineva Urgent Care and Patchs Coffee fully occupy the property. David Kluver of NGKF represented the buyer in the transaction.
HOQUIAM, Wash. — Blueprint Healthcare Real Estate Advisors has arranged the $2.6 million sale of Karr House, a 40-unit assisted living in Hoquiam, along the coast of Washington State approximately 110 miles southwest of Seattle. A national owner/operator looking to divest non-core assets sold the property to a regional operator. The names of the parties were disclosed. The purchase price equates to approximately $65,000 per unit. Blueprint’s Ben Firestone, Jacob Gehl and Trent Gherardini were the lead advisors on this transaction.
ALHAMBRA, CALIF. — Shea Properties has signed two new restaurants to Alhambra Place in Alhambra. Slated to open in late summer, the two restaurants will be located on the corner of Main and Garfield. Big Catch Seafood House specializes in Cajun-style cooking, and Tokyo Table is a contemporary Japenese restaurant. Sprouts Farmers Market anchors the 140,000-square-foot Alhambra Place.
PROSPER, TEXAS — Kirkwood Holdings LLC has purchased 50 acres in Prosper. Wayne Burgdorf of Coldwell Banker Commercial Alliance DFW in Arlington represented the Tarrant County-based buyer that plans to hold the land until neighboring developments start to take shape, then market individual tracts or the entire parcel to mixed-use commercial or residential developers. The 50-acre site is situated in the Tollway District overlay and includes 1,500 feet of frontage along West First Street. The acreage is directly across the road from Jerry Jones’ Blue Star Land Co.’s proposed 1,000-acre Star Trails’ community, and adjacent to Matthews Southwest’s planned 157-acre business park. Just to the south, Lincoln Property Co. is under construction on the 300,000-square-foot Gates of Prosper shopping center, the first phase of a 500-acre mixed-use project, and United Commercial Development is planning a 43-acre shopping center nearby. Phil Darland, an independent broker from McKinney, represented the seller, Bell 2005 Trust.
DALLAS — Lee & Associates has negotiated the sale of a 6,498-square-foot freezer/cooler warehouse located at 210 Oregon Ave. in Dallas. Matthew Thompson and Phil Rosenfeld of Lee & Associates’ Dallas/Fort Worth office represented the seller, Wang Globalnet. Charlie Perdue of Perdue Equities Co. represented the buyer, JC Goodman Investment Group.
NEW YORK CITY — Multi-Employer Property Trust (MEPT), advised by Bentall Kennedy Limited Partnership, and Cove Property Group have acquired Two Rector Street, a 26-story office property located in Manhattan’s financial district. CIM Group and Kushner Companies sold the 476,000-square-foot property for an undisclosed price. The buyers plan to renovate and reposition the building as a Class A office property. Once renovated, the building is expected to cater to technology, advertising, media and information tenants as well as traditional finance, insurance and real estate tenants.
NEW YORK CITY — Tavros Development Partners, in partnership with Charney Construction & Development and 1 Oak Development, has acquired a development site located at 263-277 S. Fifth St. in Brooklyn’s Williamsburg neighborhood. The Dime Savings Bank of Williamsburgh sold the property for $80 million. The development offering consists of a combined four properties (263-277 S. 5th St., 262-272 S. 4th St. and 205 Havemeyer St.) and allows for a buildable envelope of approximately 230,000 square feet. The property’s zoning designation permits both mixed-use and commercial development. James Nelson, Brendan Maddigan and Matt Nickerson of Cushman & Wakefield represented the seller in the transaction.
ROCKLEIGH, N.J. — CBRE Group Inc. has arranged the sale of an office/life science building located at 8 King Road in Rockleigh. Marcus Partners, on behalf of its Marcus Capital Partners Fund I sold the property to Charter Realty Group for an undisclosed sum in a 1031 exchange. The 204,495-square-foot building is 100 percent net leased to Spectra Laboratories on a long-term basis and guaranteed by its parent company, Fresenius Medical Care Holdings Inc. The facility serves as Spectra’s mission critical testing facility for the eastern half of the United States. Jeffrey Dunne, Kevin Welsh, Brian Schulz, Lee Asher and Chris Bodnar of CBRE represented the seller and procured the buyer in the transaction.
