more_sales_and_leases

Baltimore-Washington Logistics Center Jessup

G. Cefalu & Bro, Capital Seaboard Sign 160,000 SF Industrial Lease in Maryland

by John Nelson November 10, 2015

JESSUP, MD. — The parent company of G. Cefalu & Bro Inc., a wholesale produce supplier, and Capital Seaboard, a produce and seafood distributor, has signed a full-building industrial lease for 160,000 square feet within the Baltimore-Washington Logistics Center. The industrial park is located in Jessup, roughly halfway between Baltimore and Washington, D.C., in Howard County. The parent company, known as CGC Holdings Inc., signed the lease with the landlord, Manekin-sponsored MCA Assateague. The groundbreaking for the facility, located at 7350 Assateague Drive, is scheduled for Nov. 13, and construction is expected to wrap up in June 2016. The new facility will include an ESFR fire suppression system, LED lighting and multi-zone freezer/cooler areas.

November 10, 2015

Georgia Office Southeast

Lincoln Arranges More than 100,000 SF of Office Leases in Alpharetta

by John Nelson November 10, 2015

ALPHARETTA, GA. — Lincoln Property Co. Southeast has brokered office leases totaling more than 100,000 square feet in Alpharetta, a northern suburb of Atlanta. Michael Howell and Hunter Henritze of Lincoln represented the landlords in the transactions, which included SunTrust Mortgage’s 6,992-square-foot lease renewal at One Northwinds Center at 2475 Northwinds Parkway; Wells Fargo Advisors’ 17,046-square-foot lease renewal at Two Northwinds Center at 2520 Northwinds Parkway; CenturyLink Communications’ 20,197-square-foot lease renewal at Brookside One at 3625 Brookside Parkway; Guilford Insurance’s new 12,180-square-foot lease at Preston Ridge IV at 3440 Preston Ridge Road; Biota Pharmaceuticals’ 11,788-square-foot lease expansion at Three Northwinds Center at 2500 Northwinds Parkway; Thyssen Krupp’s 19,745-square-foot lease expansion and renewal at 400 Northwinds Parkway; Auto Vin’s new 8,656-square-foot lease at 800 N. Point Parkway; Veeam Software’s 6,959-square-foot lease expansion at 2520 Northwinds Parkway; McManamy McLeod Heller’s new 4,590-square-foot lease at 11525 Haynes Bridge Road; Windward Specialty Group’s new 3,126-square-foot lease at 2500 Northwinds Parkway; and Select Selling’s new 4,307-square-foot lease at 2520 Northwinds Parkway. Kirk Diamond and Dale Lewis of DTZ represented Wells Fargo, Dave Kilborn of Newmark Grubb Knight Frank represented CenturyLink, Allison Bittell of Cushman & Wakefield represented Guilford Insurance, Steve Farrar of Newburger Andes represented …

November 10, 2015

Georgia Retail Southeast

Publix to Open Grocery Store at New Shopping Center in North Georgia

by John Nelson November 10, 2015

DAWSONVILLE, GA. — Publix has signed a 45,600-square-foot lease at Dawson Crossroads, a new 98,400-square-foot shopping center under construction at 4130 Dawson Forest Road in Dawsonville. The grocery-anchored shopping center is set to open in the fall of 2016 at the southeast corner of GA 400 and Dawson Forest Road. Halpern Enterprises is the developer of the project, which will also house Brooklyn Joe’s Pizzeria, Lee Nails, Great Clips, Totally Running, Top Cleaners and Chili’s.

November 10, 2015

California Office Western

Private Investor Acquires Medical Office Building in Culver City for $6.5M

by Nellie Day November 9, 2015

LOS ANGELES — A private investor has purchased an 8,568-square-foot medical office building in the Los Angeles submarket of Culver City for $6.5 million. The building is located at 10801 Venice Blvd. It was built in 1979. Lloyd Bakan and Gary Berwick of Avison Young represented the seller, also a local private investor.

November 9, 2015

California Multifamily Western

Mariposa Place Apartments in Los Angeles Sells for $4.7M

by Nellie Day November 9, 2015

LOS ANGELES — A local real estate syndicator has purchased the 24-unit Mariposa Place Apartments in Los Angeles for $4.7 million. The community is located at 501 Mariposa Place. The buyer acquired the property through a 1031 exchange transaction. The seller was Lion Real Estate Group. Keller Williams Commercial Studio City executed the transaction.

November 9, 2015

California Office Western

Regus Corp. Signs 11-Year Lease in Arcadia

by Nellie Day November 9, 2015

ARCADIA, CALIF. — Regus Corp. has signed an 11-year lease at Arcadia Gateway Centre. The center is located at 440 E. Huntington Drive. The company will occupy the entire third floor, totaling 16,400 square feet. Other notable tenants at the center include Oracle Corp. and Arroyo Insurance. Carl Anderson represented the landlord, Arcadia Gateway Centre Delaware Partners LLC.

November 9, 2015

Office Texas

CREA Investments Acquires Three Office Buildings in Metro Dallas

by Haisten Willis November 9, 2015

ADDISON, LAS COLINAS AND RICHARDSON, TEXAS — CREA Investments, a privately held real estate investment services firm, has acquired three office buildings in the Dallas area. The properties include The Belvedere,in Addison, The Meridian in Las Colinas and 2929 NCX in Richardson. Cushman & Wakefield will handle leasing and management services for all three properties. The Belvedere, which features 141,180 square feet of Class A office space, will undergo renovations to corridors, restrooms and the building lobby. The asset also offers 100 percent structured parking. The Meridian, which features 100,359 square feet of office space, will undergo renovations to all corridors, restrooms and a tenant lounge, as well as building systems. Capital improvements also include the addition of spec suites on two floors. 2929 NCX features 85,089 square feet of office space. Since the acquisition, renovations to the lobby, corridors, and restrooms have been completed. Spec suites ranging from 1,500 square feet to 2,000 square feet are also under construction. In addition, the building has been repainted.

November 9, 2015

Grand-Prairie-Texas-Wildlife-Commerce-Park-Buildng

Industrial Texas

Binswanger Negotiates 341,120 SF Lease at Wildlife Commerce Park in Grand Prairie

by Haisten Willis November 9, 2015

GRAND PRAIRIE, TEXAS — On behalf of Zenith Freight Lines, Binswanger has arranged a temporary 86,100-square-foot industrial lease at Wildlife Building 2, part of Wildlife Commerce Park located at 715 Wildlife Parkway in Grand Prairie. Wildlife Building 2 is a 345,000-square-foot, divisible Class A warehouse facility. Additionally, Zenith Freight Lines has entered into a lease agreement for a total of 341,120 square feet at Wildlife Building 5, which it will move into once construction is completed. Zenith is a specialized supply chain solutions provider. The company plans to use the property for the manufacturing and distribution of furniture. When completed, Wildlife Building 5 will span 682,240 square feet. At full buildout, Wildlife Commerce Park will be home to 2.8 million square feet of industrial space in nine buildings along with a 100-acre lake. Kipp Collins of Binswanger’s Dallas office handled the transaction for the tenant. Will Mundinger handled the transaction for the landlord, Crow Holdings.

November 9, 2015

Mixed-Use Multifamily New York Northeast Retail

Eastern Consolidated Arranges $8M Sale of SoHo Mixed-Use Property

by Amy Works November 9, 2015

NEW YORK CITY — Eastern Consolidated has arranged the sale of a five-story, mixed-use property located at 61 Sullivan St. in SoHo. The Estate of Leo Rabkin sold the building for $8 million, or $1,470 per square foot, to a private investor experienced in townhouse conversions. The property consists of 5,474 square feet above grade; four floor-through, free-market residential rental apartments; ground-floor retail space; a 500-square-foot private garden; and 3,000 square feet of unused development rights. R. Stuart Gross, Peter Carillo and Jonathan Schwartz of Eastern Consolidated represented the seller, while Azita Aghravi, also of Eastern Consolidated, represented the buyer in the transaction. Chris Matousek of Eastern Consolidated served as analyst on the deal.

November 9, 2015

Connecticut Northeast Office

Coastal Construction Group Buys 5,000 SF Building in Connecticut

by Amy Works November 9, 2015

WESTPORT, CONN. — Coastal Construction Group LLC has acquired a mixed-use property located at 785 Post Road East in Westport. Situated on 2.5 acres, the 5,000-square-foot property sold for $1.2 million. The buyer plans to use the building for additional office space. Jon Angel of Angel Commercial represented the seller, George Essenfeld Trustee and Lewis Meriwether, in the transaction.

November 9, 2015

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