PLANO, TEXAS — Foxworth Galbraith Lumber Co. has leased 22,709 square feet of office space in Preston Park Financial Center located at 4965 Preston Park Blvd. in Plano. Clint Madison and Rodney Helm with Cushman & Wakefield represented the landlord, Griffin Partners. Janice Peters of Hudson Peters Commercial represented Foxworth Galbraith Lumber Co.
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HOUSTON AND STAFFORD, TEXAS — RealtyMogul.com has raised $1.2 million in equity for Brennan Investment Group to acquire a two-property, 132,997-square-foot flex industrial portfolio in Houston and Stafford. This is the third transaction between RealtyMogul.com and Brennan Investment Group. The buildings are located at 12705 Kirkwood Center and 8600-8850 Jameel Road. Both are grade-level industrial buildings, with a mix of office and warehouse space. At the time of closing the portfolio was 94 percent occupied by 36 tenants.
GRAND PRAIRIE, TEXAS — Lee & Associates has completed a lease transaction for 14,475 square feet of space located at 2618 W. Highway 303 in Grand Prairie. Robert Miller of Lee & Associates represented the tenant, Oakcroft Associates Inc. dba Roofmaster. Luke Davis of Stream Realty Partners represented the landlord.
NEW YORK CITY — Six Sigma NYC has acquired Tuck-It-Away Storage Center at 517 W. 29th St. in Manhattan’s Chelsea neighborhood for $54.7 million. The buyer, a boutique design and build firm, plans to redevelop the 100-foot by 100-foot site into a luxury condominium property. Six Sigma NYC focuses on delivering amenities, finishes and quality the push the upper limits of the what is available in today’s market. The company’s current projects include 449 Washington Street, 56 Walker Street and 435 W. 19th Street in New York City. Stephen Ferrara of TOWN Residential represented the buyer in the transaction. The name of the seller was not released.
PENSACOLA, FLA. — Crossman & Co. has arranged the $3.7 million sale of the Shoppes at Milestone, a 19,700-square-foot retail strip center in Pensacola. Bruce Lyons and Brian Carolan of Crossman & Co. worked on behalf of the undisclosed seller in the transaction. Westwood Financial Corp. acquired the fully occupied center. Tenants at Shoppes at Milestone include shadow-anchor Publix, Jersey Mike’s, Hot Heads Burritos, H&R Block, Cricket Wireless, Papa Murphy’s and Enterprise Rent-a-Car.
ENCINO, CALIF. — Encino-based supermarket chain Gelson’s Markets has won final approval to buy six Haggen grocery/pharmacy properties in Southern California. Acquisitions will include 2627 Lincoln Blvd., Santa Monica; 25636 Crown Valley Parkway, Ladera Ranch; 36-101 Bob Hope Drive, Rancho Mirage; 2707 Via De La Valle, Del Mar; 730 Turquoise St., San Diego; and 1736 Avenida De Los Arboles, Thousand Oaks. Haggen filed for Chapter 11 bankruptcy this past September. Gelson’s plans to relaunch the acquisitions early next year under its own brand with initial improvements to product selection and merchandising, followed several months later by redesign and construction. Existing pharmacies will remain open during the transition.
LINCOLN, NEB. — Easterly Government Properties Inc. has acquired a 137,671-square-foot government property in Lincoln. The building is currently leased to the General Services Administration on behalf of the U.S. Citizenship and Immigration Services (USCIS) with five years remaining on a 15-year lease. The property in Lincoln is part of the USCIS Nebraska Service Center, which is one of four national USCIS service centers across the country that provides services including the management of citizenship and naturalization processes, family member immigration, and U.S. work eligibility and authorizations. The building was constructed as a build-to-suit in 2005.
TROY, MICH. — Signature Associates has arranged a 32,686-square-foot lease of high-tech industrial space in Troy, a northern suburb of Detroit. SGS North America Inc. is leasing the space located at 894 Maplelawn Drive from Troy Industrial LLC. John Boyd and Paul Hoge of Signature Associates represented the landlord in the transaction. Anthony Leeds of Signature Associates and Ben Brenner of Cushman & Wakefield represented the tenant.
ST. CHARLES, MO. — Streets of St. Charles has added new tenants to its mixed-use development that is still partially under construction in St. Charles, a northwestern suburb of St. Louis. MOD, a fashion boutique, will open its fourth location at the retail center and will occupy 1,200 square feet. The location is scheduled to open in the spring of 2016. Supercuts also plans to open a new store at the Streets of St. Charles. Supercuts will occupy 1,171 square feet and will open in early 2016. The Streets of St. Charles is a 27-acre community that offers retail, dining, entertainment, hospitality, residential and office components. Prior to MOD and Supercuts signing a lease, PF Changs, Pieology and Noodles & Co. inked deals and those spaces are also currently under construction.
SAN LEANDRO, CALIF. — Marcus & Millichap has brokered the sale of a retail property located at E. 14th St. in San Leandro. A limited liability company bought the 22,520-square-foot property, which is occupied by CVS/pharmacy, for $4.1 million. Fabio Sangiorgi of Marcus & Millichap’s Palo Alto office represented the buyer in the transaction. The name of the seller was not released.