HOUSTON — Marcus & Millichap has brokered the sale of Dollar General Business Park, a 102,500-square-foot industrial property located in Houston’s Inner Loop submarket at 4000 Telephone Road. A 4,250-square-foot Dollar General store anchors the business park. Derek Hargrove and Justin Miller of Marcus & Millichap’s Houston office represented the seller, an affiliate of Houston-based Braun Enterprises, in the transaction.
WESTLAKE VILLAGE, CALIF. — County Commerce Bank has acquired a freestanding bank building located at 2663 Townsgate Road in Westlake Village. The 4,183-square-foot property sold for $3 million, or $621 per square foot. County Commerce Bank plans to open a new branch at the location once the existing lease to Rabobank ends in October. Michael Schiff of NAI Capital represented the seller, Westlake Gateway Properties, in the transaction.
NEW YORK CITY — Colliers International has arranged a long-term retail lease for 3,295 square feet at 223 E. 59th St. in New York City’s Upper East Side. London-based Savoir Beds will open its first company-owned store in New York at the location this fall. First created for The Savory Hotel in London in 1905, the company’s tailor-made beds are recognized as one of the world’s most luxurious sleeping systems. Peter Simel, James Emden and Timothy Pond of Colliers represented the tenant in the transaction. The name of the landlord was not released. Savior’s U.S. flagship store opened in SoHo earlier this year.
ROCKY HILL, CONN. — O,R&L Commercial has brokered the sale of an office building located at 2264 Silas Denne Highway in Rocky Hill. The 15,570-square-foot property sold for $610,000. The buyer, NAJO92 Holdings LLC, plans to use the property for its various businesses. Robert Gaucher of O,R&L Commercial represented the seller, 264 SDH LLC, in the transaction. The buyer was self-represented.
MINNEAPOLIS — Davis Group has acquired 6009 Wayzata Blvd. in Minneapolis for a future medical/office development. Westside Office Park LLC sold the property for $3.2 million. The 33,724-square-foot property consists of office and auto sales space. The acquisition is part of an assemblage of land acquired by Davis Group for its medical/office development. Robert Bayer, Dale Severson and Rafik Moore of Coldwell Banker Commercial Griffin Cos. represented the seller in the transaction.
NEW BRIGHTON, MINN. — Marcus & Millichap has arranged the sale of Main Street Village, a retail property located at 525 Main St. in New Brighton. The 21,045-square-foot property sold for $3.2 million. At the time of closing, the property was 93 percent occupied. Michael Ahles, Cory Villaume, Sean Doyle, Matthew Hazelton and Adam Pins of Marcus & Millichap represented the seller, a developer, in the transaction. Doyle, Prins, Villaume and Hazelton, along with Mike Marzinske, also of Marcus & Millichap, represented the buyer, a private investor, in the deal.
DES PLAINES, ILL. — Cambria Co. has signed a lease for 40,460 square feet of industrial space at a newly constructed warehouse building located at 1780 Birchwood Ave. in Des Plaines. The 140,000-square-foot speculative warehouse and distribution facility features 32-foot clear heights and ample loading, trailer parking and auto parking. Additionally, the property was built to LEED standards. Brennan Investment Group, a private real estate investment firm that acquires, develops and operates industrial facilities, owns the property. Jonathan Kohn and Thomas Rodeno of Colliers International represented the landlord, while Britt Casey and Al Caruana of Cushman & Wakefield represented the tenant in the lease, which will commence in late third quarter 2015. This lease brings the property to 100 percent occupancy.
OAK CREEK, WIS. — The Dickman Company Inc./CORFAC International has arranged the lease of 12,744 square feet of industrial space at 330 E. Mahn Court in Oak Creek. Waltco Inc. leased the space from Maggster LLC for an undisclosed price. Samuel Dickman Jr., Samuel Dickman and Cale Berg of The Dickman Company Inc. brokered the transaction.
HAMPTON, VA. — Berkadia has brokered the $14.6 million sale of Langley Square I & II, a Section 8 multifamily property located at 100-130 Doolittle Road in Hampton. Built in 1973, the 254-unit community features one- to three-bedroom units and a swimming pool, baby pool, playground, laundry facilities and on-site parking. The property was 99 percent occupied at the time of sale. The buyer, Langley Apartments LLC, is an established local multifamily operator and plans to renovate the property. The seller was Bethesda, Md.-based Mercury II and III Associates. Alan Meetze and David Hudgins of Berkadia’s Newport News, Va., office brokered the transaction.
HOUSTON — CBRE has arranged a 3,535-square-foot lease with Peli Peli Kitchen, a new fast-casual restaurant chain inspired by modern South African and Southern cuisines. The restaurant will be located within the Gateway at Spring Valley development at 9090 Katy Freeway in Houston. Eric Lestin and Kyle Golding of CBRE’s Houston office represented Peli Peli in the site selection and lease transaction. The new restaurant is slated to open by spring 2016. Peli Peli Kitchen joins its sister restaurant Peli Peli, which has locations in the Vintage Park Shopping Center and the Houston Galleria. Houston-based Ersa Grae Corp. is the developer of Gateway at Spring Valley, located at the corner of Campbell Road and I-10.