more_sales_and_leases

Central Florida Business Park Winter Haven

Colliers Brokers $9.7M Sale of Industrial Park in Central Florida

by John Nelson October 6, 2015

WINTER HAVEN, FLA. — Colliers International has brokered the $9.7 million sale of Central Florida Business Park, a 10-building, 821,000-square-foot industrial park located on 52 acres at 5300 Recker Highway in Winter Haven. Boulder, Colo.-based Legacy Capital Partners purchased the park from an undisclosed, multi-billion dollar global private equity firm. The transaction is the second-largest industrial sale in Central Florida year-to-date, according to Colliers. Central Florida Business Park was 75 percent leased at the time of sale to six different tenants. Fred Beasley of Colliers International’s Central Florida office represented the seller in the transaction.

October 6, 2015

Michigan Midwest Retail

NAI Wisinski of West Michigan Arranges 7,784 SF Flex Lease in Portage, Mich.

by Christina Cannon October 6, 2015

PORTAGE, MICH. — NAI Wisinski of West Michigan has arranged a 7,784-square-foot retail lease at a property located at 832 Lenox Ave. in Portage, approximately seven miles south of Kalamazoo. ServePro of East and West Kalamazoo is the tenant. Stancati & Lambright LLC is the landlord. The flex space, which is under renovation, is slated to open Dec. 1. ServePro is a nationwide fire and water cleanup and restoration business. Marc Tourangeau of NAI Wisinski represented the tenant and the landlord in the transaction.

October 6, 2015

California Industrial Western

Calame Development Buys San Diego R&D Facility for $2.5M

by Nellie Day October 5, 2015

SAN DIEGO — Calame Development has purchased an 18,472-square-foot R&D/biotech property in the Miramar submarket of San Diego for $2.5 million. The property is located at 6605 Nancy Ridge Drive. It was built in 1990. Capital Growth Properties represented Calame in the sale. NGKF’s Brent Bohlken and Paul Britvar represented the seller, Torrey Pines ANA LLC.

October 5, 2015

Arizona Office Western

Manning & Kass, Ellrod, Ramirez, Trester LLP Relocates to Downtown Phoenix

by Nellie Day October 5, 2015

PHOENIX — Manning & Kass, Ellrod, Ramirez, Trester LLP has leased 16,360 square feet of office space at Security Title Plaza in downtown Phoenix. The space is located at 3636 North Central Ave. The company was previously headquartered in Scottsdale. Tiffany Winne and Luke Raimondo of Savills Studley represented the law firm. DTZ’s Mark Stratz and Scott Baumgarten represented the landlord, Reven Capital.

October 5, 2015

New York Northeast Office

SL Green Sells $115M Stake in NYC Office Asset

by Amy Works October 5, 2015

NEW YORK CITY — SL Green Realty Corp. has sold its interest in a commercial office condominium located at 315 W. 36th St. in New York City. Walter & Samuels Inc. acquired the 35.5 percent stake for a gross asset valuation of $115 million, or $779 per square foot. The 17-story property features 14 loft condominiums across the upper seven floors and 132,945 square feet of office space across the lower nine levels. Designed by George and Andrew Blum in 1925, the building is listed in the National Architectural Trust. SL Green acquired its interest in the property in late 2012 at a gross asset valuation of $45 million. Woody Heller of Savills Studley advised SL Green in the transaction.

October 5, 2015

Multifamily New York Northeast

Thor Equities Acquires 43,000 SF Apartment Building in Manhattan

by Amy Works October 5, 2015

NEW YORK CITY — Thor Equities has purchased a 43,000-square-foot apartment building located at 526 W. 111th St. in Manhattan’s Morningside Heights neighborhood. Situated between Broadway and Amsterdam Avenue, the six-story property features 45 residential rental units. The purchase price and name of the seller were not disclosed. Aaron Jungreis of Rosewood Realty brokered the $30 million transaction.

October 5, 2015

Office Texas

Q10 KDH Leases Office Space in Houston

by Haisten Willis October 5, 2015

HOUSTON — Q10 | Kinghorn, Driver, Hough & Co. has leased 8,992 square feet at the 2000 West Loop South building in Houston. Bob Cromwell and Kevin Nolan of Moody Rambin represented the building owner, SRI Nine 2000 WL LP, in the lease transaction. John Parsley and Jay Kyle with Colliers International represented the tenant in negotiations.

October 5, 2015

Industrial Texas

NAI Partners Represents Jones McClure Publishing in 6,195 SF Industrial Lease

by Haisten Willis October 5, 2015

HOUSTON — NAI Partners represented Jones McClure Publishing in leasing 6,195 square feet of warehouse space located at 9364 Wallisville Road in Houston. Jones McClure Publishing is the publisher and distributer of O’Connor’s Texas Law Books. Jake Wilkinson of NAI Partners represented the tenant during the lease negotiations, while Holt Lunsford represented the landlord, MacArthur 4500.

October 5, 2015

Midwest Multifamily Ohio Seniors Housing

CareTrust Buys 15 Communities in Ohio for $173M

by Christina Cannon October 5, 2015

CINCINNATI AND DAYTON, OHIO — CBRE Group Inc. has arranged the sale of 15 skilled nursing, assisted living and independent living facilities in Cincinnati and Dayton for $173 million. California-based investor CareTrust REIT Inc., which spun off from The Ensign Group last year, purchased the properties from Liberty Healthcare. The properties are mostly skilled nursing facilities, comprising more than 1,200 licensed beds. According to CBRE, this transaction marks the initial entry into Ohio for both CareTrust and Pristine Senior Living, which will operate the portfolio. Seniors housing specialist Dan Baker, in cooperation with Ohio-based healthcare specialist Bill Wiebe, both of CBRE, represented the seller in the deal.

October 5, 2015

Illinois Midwest Multifamily Seniors Housing

CNL Health Care Properties Acquires Two Spectrum Retirement Communities

by Christina Cannon October 5, 2015

LAKE ZURICH, ILL. —CNL Health Care Properties has acquired a community developed by Spectrum Retirement Communities, which will continue to operate the facilities. The purchase price was not disclosed. The community is an 86-unit assisted living and memory care community located in Lake Zurich, a northern suburb of Chicago. The community opened in 2014 and is 96 percent occupied. Orlando-based CNL is the 21st largest owner of seniors housing properties in the U.S. and Denver-based Spectrum is the 38th largest operator, according to the American Seniors Housing Association.

October 5, 2015

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