more_sales_and_leases

Stream Brokers Sale of The Reserve at Saratoga in Corpus Christi

by Haisten Willis October 28, 2015

CORPUS CHRISTI, TEXAS — Stream Realty Partners has arranged the sale of The Reserve at Saratoga, a 274-unit apartment community in Corpus Christi. The property is located at 5701 Saratoga Blvd., in Corpus Christi’s south side. Jeff Patterson and Kelly Witherspoon of Stream Realty’s Austin office represented the joint venture between Fogelman Properties and Bridge Partners selling the apartment complex to Miller Frishman Group. The 14.8-acre property, built in 2006, encompasses 12 three-story residential apartment buildings. Property amenities include controlled-access gates, a pool and outdoor kitchen, fitness center with an indoor basketball court and a community clubhouse. Apartment amenities include nine-foot ceilings with crown molding, washer and dryer connections in each unit, a valet waste service, balconies and patios, and direct-access attached garage options.

October 28, 2015

Capital Square Realty Acquires Newly Constructed MOB in El Paso

by Haisten Willis October 28, 2015

EL PASO, TEXAS — Capital Square Realty Advisors has acquired a newly constructed, 19,855-square-foot medical rehabilitation facility in El Paso that is 100 percent leased to Mentis Neuro El Paso. Located at 4360 Doniphan Drive, the single-story building was designed and built for use as a rehabilitation facility. The specialized building was completed earlier this year and is situated on 2.6 acres, which includes 46 parking spaces. The facility includes a therapy gym, full-service kitchen, outdoor patio and living areas. Mentis Neuro El Paso is a wholly owned subsidiary of Mentis Neuro Rehabilitation, which provides post-acute neurorehabilitation.

October 28, 2015

Nevada Office Western

DC Building Group Moves into New Corporate Office in Las Vegas

by Nellie Day October 28, 2015

LAS VEGAS — DC Building Group has moved into its new 6,000-square-foot corporate office in Las Vegas. The space is located at 101 E. Warm Springs Road. The general contractor previously occupied a smaller space in the valley. After its staff grew by more than 65 percent, however, DC Building found it needed a larger space. The firm was previously known as Danoski Clutts Building Group.

October 28, 2015

Illinois Midwest

Colliers Arranges Three Office Leases Totaling 290,925 SF in Roselle, Illinois

by Christina Cannon October 28, 2015

ROSELLE, ILL. — Colliers International has arranged three leases totaling 290,925 square feet in Roselle, a northwest Chicago suburb, on behalf of a joint venture between Panattoni Development Co. and LaSalle Investment Management. Aquion Inc. signed a 91,049-square-foot, long-term lease for a property located at 101 Gary Ave. in Turnberry Lakes Business Park. Aquion will be relocating its world headquarters from 2080 Lunt in Elk Grove Village to the new facility. Todd Heine and Tom Curtis of Avison Young represented Aquion, a manufacturer and marketer of water treatment equipment and water quality solutions. RBI Bearing Inc. signed a 45,750-square-foot, long-term lease in the same building. Jonathan Kohn and John D’Orazio of Colliers International represented the tenant, a manufacturer of ball bearings, castings, mounted units and custom machine parts. Affordable Office Interiors leased a 154,126-square-foot building located at 501 Gary Ave. Mike Sedjo and Dan Bessey of CBRE represented the tenants. All three tenants are expected to move into their spaces during the first quarter of 2016. These completed deals will bring the five-building Turnberry Lakes Business Park to full occupancy.

October 28, 2015

Illinois Midwest Retail

Mid-America Arranges Two Retail Leases Totaling 55,883 SF in Illinois

by Christina Cannon October 28, 2015

BLOOMINGTON AND LOMBARD, ILL. — Mid-America Asset Management Inc. has arranged two retail leases in separate transactions in Illinois. Dick’s Sporting Goods has signed a 49,957-square-foot lease at Colonial Plaza in Bloomington. The 241,340-square-foot shopping center also includes Ashley Furniture and Cato Fashions. Katie Hennegan and Samantha Spinell Schnell of Mid-America represented the landlord. Tim Miller and Jon Reese of Great Street Realty represented Dick’s. In the second transaction, Anytime Fitness has inked a deal for 5,926 square feet at Highlands of Lombard in Lombard. Other tenants in the 21,071-square-foot facility include Potbelly Sandwich Shop and Performance Bike. The shopping center is shadow anchored by The Dump. Paige Schiesser, Samantha Spinell Schnell and Angela Gasbarro of Mid-America represented the landlord. Jim Runyon of Franchise Real Estate represented the tenant.

October 28, 2015

Mixed-Use Retail Texas

Realty Capital Management Sells Mixed-Use Building in Colleyville

by Haisten Willis October 27, 2015

COLLEYVILLE, TEXAS — Realty Capital Management has sold a 43,000-square-foot mixed-use building located at 5232 Colleyville Blvd. in Colleyville. The buyer, Colleyville Lofts Venture, was a 1031 exchange buyer from New York. The three-story building includes 30 apartments on the upper floors and commercial space on the ground floor occupied by Colleyville Family Medicine, an affiliate of the Baylor Scott & White Health Network. The building, known as The Lofts in Colleyville, is part of the larger 26-acre mixed-use project known as The Village at Colleyville, which was developed by Realty Capital in 2002. Mark Boone represented Realty Capital internally. Bard Hoover of Marcus Millichap represented the buyer.

October 27, 2015

Retail Texas

M&M Arranges Sale of 18,380 SF Shopping Center in North Texas

by Haisten Willis October 27, 2015

VERNON, TEXAS — Marcus & Millichap has arranged the sale of the Family Dollar and Sherwin-Williams Shopping Center, an 18,380-square-foot shopping center located in Vernon. Blake Burnett of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a local partnership. Burnett also procured the buyer, an out-of-state limited liability company. The Family Dollar and Sherwin-Williams Shopping Center is located at 2417 Wilbarger St. Constructed in 1952, the asset is located on 1.3 acres. A tenant since 1979, Family Dollar occupies 15,000 square feet of the space. Sherwin-Williams occupies the remaining 3,380 square feet and has been a tenant since 1990.

October 27, 2015

Healthcare Texas

The Boulder Group Arranges $6.2M Sale of Urgent Care Center in Irving

by Haisten Willis October 27, 2015

IRVING, TEXAS — The Boulder Group has arranged the $6.2 million sale of a single-tenant Family ER + Urgent Care property located at 8200 N. MacArthur Blvd. in Irving. The newly constructed, 10,200-square-foot building is located along North MacArthur Boulevard near I-635 (LBJ Freeway). Family ER + Urgent Care are freestanding emergency and urgent care centers. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the purchaser, a joint venture utilizing a 1031 exchange, in the transaction. A Texas-based developer was the seller. The Family ER + Urgent Care lease is for 20 years and expires Jan. 31, 2035. The triple-net lease features 5 percent rental escalations every three years.

October 27, 2015

Office South Carolina Southeast

NAI Avant Brokers $7M Sale of Office Building in Columbia

by John Nelson October 27, 2015

COLUMBIA, S.C. — NAI Avant has brokered the $7 million sale of Broad River Commons, a 135,675-square-foot office building located at 2340 Broad River Road in Columbia. The property is located one block from I-20 and a quarter mile from I-26. Denver-based Northstar Commercial Partners was the buyer. Jeff Hein and Roger Winn, Jr. of NAI Avant brokered the sale. NAI Avant recently represented an undisclosed tenant in leasing 63 percent of Broad River Commons’ available space.

October 27, 2015

Retail Southeast Virginia

Lidl Purchases Site in Virginia for $3.1M for New Grocery Store

by John Nelson October 27, 2015

FREDERICKSBURG, VA. — Lidl, a grocery retailer based in Germany, has purchased a four-acre land parcel in Spotsylvania County for $3.1 million. Lidl plans to build a 36,000-square-foot grocery store on the site, which is located at the intersection of Gordon Road and Route 3 in Fredericksburg. J.R. Burdette and Jonathan Gardner of Coldwell Banker Commercial Elite represented the seller, Henderson Properties, in the land transaction. This is the second store site purchased by Lidl in Spotsylvania County. In August, Lidl closed on a two-acre parcel in Southpoint II across Southpoint Parkway from Lowe’s Home Improvement and adjacent to 7–Eleven. The company is looking to enter into the U.S market with its first stores planned in Virginia and expected to open no later than 2018. In June, Lidl also purchased an 82-acre parcel to build a major distribution warehouse in Spotsylvania County. The distribution warehouse in Spotsylvania County is planned to be approximately 1 million square feet and cost around $125 million. The facility is also projected to provide 200 local jobs.

October 27, 2015

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