DENVER — Pathfinder Winfeild RiNo Holdings LLC has purchased a former Gold Star Sausage Factory in Denver for $4.5 million. The factory is located at the corner of 28th and Walnut streets in the River North (RiNo) District. It contains five structures for a total of 47,326 square feet. The buyer plans to repurpose the space to include common-area meeting space, a kitchen, locker room and showers and a bike barn with a bicycle repair station. Brian Bair and Trent Rice of NAI Shames Makovsky represented Pathfinder in this transaction.
SAN DIEGO — General Atomics Aeronautical Systems has signed a four-year lease for a 112,000-square-foot industrial property in the San Diego submarket of Poway. The building is located at 13550 Stowe Drive. The lease is valued at more than $4.2 million. General Atomics represented itself in the transaction. Ted Cuthbert of Colliers International and Bob Willingham, James Duncan and Mickey Morera of Kidder Mathews represented the landlord, CT Realty.
ENGLEWOOD, N.J. — A fund advised by CBRE Global Investors has acquired The Brownstones at Englewood South, an apartment community located at 73 Brownstone Way in Englewood, for an undisclosed price. The 350-unit property features a mix of loft, flat and townhome-style floor plans with high-end finishes, including granite countertops and stainless steel appliances. Community amenities include a clubhouse, fitness center, pool and deck and green space. The buyer has an interior and amenity upgrade plan for the property. The property, which features 12,521 square feet of ground-floor retail space, was 98 percent occupied at the time of sale. Jose Cruz, Kevin O’Hearn, Michael Oliver and Andrew Scandalios of HFF represented the undisclosed seller in the transaction.
NEW YORK CITY — Cushman & Wakefield has arranged the sale of two development sites, located at 181 Troutman St. and 303 Stockholm St. in Brooklyn’s Bushwick neighborhood. The sites sold for $2.6 million, or $236 per buildable square foot, in an all-cash transaction. The residential development sites, which were delivered vacant, combine to offer approximately 11,000 buildable square feet. The site at 181 Troutman St. is currently improved by a two-story, 2,025-square-foot two-unit building; and 303 Stockholm St. is a vacant lot. Michael Amirkhanian of Cushman & Wakefield handled the transaction. The names of the seller and buyer were not released.
CARROLLTON, TEXAS — Dan Spika of Henry S. Miller Brokerage’s industrial division represented Speed Boats of Texas in the lease of its new site in Carrollton. The 28,152-square-foot site is located at 3231 Commander Drive near Midway Road, the Dallas North Tollway and President George Bush Turnpike. Brett Owens of Transwestern represented the landlord, Colony Capital, in the transaction.
HOUSTON — Colvill Office Properties has leased, on behalf of Hines, 19,457 square feet of office space to Champions Pipe & Supply at 4 Greenspoint Place. The property is a 403,384-square-foot, Class A office building located in the 36-acre Greenspoint Place office/retail development at 16925 Northchase Drive. Kevin Saxe, Jerrod McQuain and Nick Bockhorn of CBRE represented Champions Pipe & Supply. Damon Thames, Richard Barbles and Tripp Pruet of Colvill Office Properties represented the landlord in lease negotiations. Hines owns and manages Greenspoint Place.
PLANO, TEXAS — Southern Land Co. has sold the five-story urban development known as Junction 15 to a commingled fund managed by New-York based real estate investment firm Clarion Partners. Junction 15, which opened in 2014 in downtown Plano, is a public-private partnership between Southern Land Co. and the city of Plano. The mixed-use development includes 7,700 square feet of retail space anchored by a 7-Eleven and 279 apartments. The development is close to Plano’s Old Town Square and Haggard Park, as well as several restaurants. Amenities include a pool, outdoor grilling stations and fitness center. Junction 15 is also located across the street from a Dallas Area Rapid Transit (DART) station.
WASHINGTON, D.C. — Three national retailers have signed leases for space at Shops at Dakota Crossing, a 430,000-square-foot, Class A retail center under construction in Washington, D.C.’s Fort Lincoln neighborhood. Dick’s Sporting Goods, PetSmart and an unnamed national retailer signed long-term leases to occupy a combined 85,500 square feet at the center, which is currently anchored by Costco and Lowe’s Home Improvement. This will be the first Dick’s Sporting Goods in Washington, D.C. Construction on the final phases of Shops at Dakota Crossing has started with a scheduled completion date in the fourth quarter of 2016. Following the lease deals, the retail center is more than 87 percent leased. Lisa Stoddard and Kristen Braun of CBRE are the leasing agents for Shops at Dakota Crossing on behalf of the developers, Trammell Crow Co., Fort Lincoln New Town Corp. and CSG Urban Partners.
NORTH MYRTLE BEACH, S.C. — The Boulder Group has arranged the $5 million sale of a single-tenant property net leased to Walgreens at 4300 Highway 17 South in North Myrtle Beach. Walgreens has operated at the store, located at the intersection of Highway 17 and Windy Hill Road, since 2002 and has seven years remaining on its lease agreement. Randy Blankstein and John Feeney of The Boulder Group represented the buyer, a Midwest-based private investor, in the 1031 transaction. The seller was a private investor based in California.
CHICAGO — Spirit Bascom Ventures LLC, a partnership between The Bascom Group LLC and Spirit Investment Partners LLC, has acquired a mixed-use property in Chicago for $21.6 million. The eight-story building, located at 5200 N. Sheridan Road, contains 223 apartment units. The property also includes 9,000 square feet of retail space on the ground floor. The venture plans on turning the property into a Class A luxury rental building. The major repositioning will include the repair or replacement of major mechanical systems, windows and elevators. The renovated apartments will feature open floor plans with all new kitchens, bathrooms and kitchens with stone countertops, stainless steel appliances, refinished hardwood floors and contemporary urban fixtures and finishes. Plans also call for a new tenant lounge, fitness center and rooftop deck. The property is located two blocks from the Berwyn Street stop on the Chicago Transit Authority’s Red Line. Todd Stofflet of KIG CRE LLC represented the undisclosed seller in the transaction. Andy Feinberg, Marc Schulder and David Harte of Ackman-Ziff arranged the debt financing provided by MidCap Financial LLC.