more_sales_and_leases

NAI Hanson Arranges 23,062 SF Industrial Lease in New Jersey

by Amy Works July 30, 2015

CARLSTADT, N.J. — NAI James E. Hanson has arranged a 23,062-square-foot industrial lease at a newly renovated building located at 495 Barell Ave. in Carlstadt. The newly signed tenant is KS Trading Corp., a manufacturer and marketer of casual clothing for boys. KS Trading Corp. will utilize the building to house and distribute its golf apparel line of clothing as it grows its distribution capabilities and services. The property features three loading docks, ample column spacing and 16-foot ceiling heights. Thomas Vetter and Jeffrey DeMagistris of NAI Hanson represented the landlord, Barell 495 LLC, while William Lee of Eastern International Realty represented the tenant in the long-term lease transaction.

July 30, 2015

California Multifamily Seniors Housing Western

JCH Arranges Sale of Assisted Living Community in California for $23.4M

by Nellie Day July 30, 2015

LOS ANGELES — JCH Consulting Group, a brokerage specializing in seniors housing, has arranged the sale of a 90-unit assisted living and memory care community in Los Angeles for $23.4 million. The name of the facility was not disclosed. The seller was an independent owner/operator based in Southern California. The buyer was a real estate investment firm that will use a third-party management company. With a sales price of $260,000 per unit, the community currently features a 6.6 percent capitalization rate and 86 percent occupancy.

July 30, 2015

California Retail Western

Crunch Franchise Opens New Gym in Rancho Cucamonga

by Nellie Day July 30, 2015

RANCHO CUCAMONGA, CALIF. — Crunch Franchise, a New York-based gym chain, has opened a new location in Rancho Cucamonga. The outlet is located in Foothill Marketplace. David Harman is the franchisee and general manager Spencer Rich operates the gym.

July 30, 2015

California Retail Western

TitleMax Building in Moreno Valley Sells for $3.3M

by Nellie Day July 30, 2015

MORENO VALLEY, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the sale of a two-tenant retail building in Moreno Valley occupied by Coast Dental office and TitleMax, which sold for $3.3 million. Ed Hanley and Bill Asher of Hanley represented the seller, MV-Perris LLC. It was sold to TC Enterprise Group LLC, represented by Charles Wong of CCRE Capital Commerce Inc.

July 30, 2015

Hospitality Southeast Virginia

Hunter Hotel Advisors Brokers $11M Sale of Richmond Homewood Suites

by John Nelson July 30, 2015

RICHMOND, VA. — Hunter Hotel Advisors has brokered the $11 million sale of Homewood Suites Richmond West End, a 123-room hotel in Richmond. A global private equity firm sold the four-story hotel to a Virginia-based hotel company. Teague Hunter and Trey Scott of Hunter Hotel Advisors brokered the transaction.

July 30, 2015

Brookshire's North Market Place Shreveport

Louisiana Retail Southeast

BC Wood Properties Acquires Grocery-Anchored Shopping Center in Shreveport for $7M

by John Nelson July 30, 2015

SHREVEPORT, LA. — Lexington, Ky.-based BC Wood Properties has acquired North Market Place, an 88,205-square-foot shopping center located in Shreveport, for $7 million. Brookshire’s Grocery anchors the center. The grocer operates more than 150 stores in Arkansas, Louisiana and Texas. North Market Place is the first Louisiana shopping center in BC Wood’s portfolio, which includes 36 shopping centers comprising more than 5 million square feet.

July 30, 2015

Georgia Multifamily Southeast

Franklin Street Brokers $3.3M Sale of Metro Atlanta Apartment Community

by John Nelson July 30, 2015

BROOKHAVEN, GA. — Franklin Street Real Estate Services has brokered the $3.3 million sale of North Cliff Valley Apartments, a townhome apartment community located at 1350 N. Cliff Valley Way N.E. in Brookhaven, an affluent suburb of Atlanta. The apartment complex is located within close proximity to Cross Keys High School and I-85. Jake Reid and Ricky Jones of Franklin Street represented the seller in in the transaction. The apartments were the second property in a two-property sale, which included the previous sale of Lenox Townhomes.

July 30, 2015

Reliable Heating & Air Kennesaw 1305 Chastain Road

Georgia Industrial Southeast

Liberty Property Trust Signs 62,319 SF Industrial Lease in Metro Atlanta

by John Nelson July 30, 2015

KENNESAW, GA. — Liberty Property Trust has inked a 62,319-square-foot lease with Reliable Heating & Air at 1305 Chastain Road in Kennesaw, a northern suburb of Atlanta. The HVAC company’s lease brings the 116,500-square-foot industrial facility to full occupancy. The Kennesaw location will serve as Reliable’s headquarters. Reliable employs more than 320 professionals, manages a fleet of more than 175 trucks and operates a satellite location in Fayetteville, Ga. Kevin Mitchell of Benchmark Commercial represented Reliable in the lease transaction. Trey Barry and Mark Hawks of CBRE represented Liberty.

July 30, 2015

Industrial Midwest Missouri Mixed-Use

Wiegmann Associates Begins Construction at Aviator Business Park in Hazelwood, Mo.

by Jonathan Mehall July 29, 2015

HAZELWOOD, MO. — Wiegmann Associates has begun construction of an $800,000 tenant build-out at Aviator Business Park in Hazelwood, 17 miles northwest of St. Louis. Project details include installing a mechanical system infrastructure for the 535,000-square-foot space at Lot #7 that will house Silgan Plastics’ St. Louis production facility, a Weekends Only storage warehouse, and a shell warehouse. Wiegmann is also installing the HVAC system for a 75,000 square-foot shell warehouse at Lot #3. Construction is scheduled for completion in December 2015. The general contractor is Kadean Construction Company. Aviator Business Park is a 155-acre development located one mile north of Lambert-St. Louis International Airport on the site of the former Ford Hazelwood Assembly Plant. The business park houses commercial, industrial and warehousing tenants.

July 29, 2015

Retail Texas

Baker Katz Acquires 4.5-Acre Retail Property in Metro Houston

by Haisten Willis July 29, 2015

ATASCOCITA, TEXAS — Houston-based Baker Katz has acquired a 4.5-acre property located near the cross streets of Farm to Market Road 1960 and West Lake Houston Parkway in Atascocita. The firm plans to renovate two existing buildings at the site totaling 33,000 square feet to update the architecture and attract new tenants. The buildings were originally constructed in 1984. Construction is slated to begin early next year. Jim Bayne with Investar Real Estate Services represented the seller in the transaction.

July 29, 2015

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