CHARLOTTE, N.C. — Lincoln Harris’ Charlotte office has arranged two leases totaling 62,075 square feet at Capitol Towers – South Tower, a 236,250-square-foot, Class A office tower located at 4350 Congress St. in Charlotte. Campbell Walker of Lincoln Harris’ Charlotte office represented the landlord, Capitol Towers LLC, in both lease transactions. The deals included Sterling Capital Management LLC leasing 22,075 square feet and Dixon Hughes Goodman LLP leasing 40,000 square feet. Jim Thorp of JLL represented Sterling, and Barney Earles of CBRE represented Dixon Hughes Goodman.
PHOENIX — Lowe Enterprises Investors (LEI) has purchased three office buildings at the Phoenix Gateway Center office complex for an undisclosed sum. The properties are located in the North Airport/44th Street corridor area of Phoenix. The transaction included the 107,755-square-foot Gateway I; the 107,963-square-foot Gateway II; and the 221,885-square-foot Gateway III buildings. LEI plans to improve the properties’ common areas and public spaces. The overall occupancy at the buildings is 94 percent. Peter Morgan led LEI’s acquisition team. CBRE’s Barry Gable and Kevin Shannon represented the seller, a partnership of Pearlmark/Transwestern and Oaktree Capital.
SAN BERNARDINO, CALIF. — The Pool Corporation has leased a 184,646-square-foot building in San Bernardino. The space is located at 1410 E. Central Ave., within Carson Alliance, a newly developed, two-building industrial park at the Gateway of the Master Alliance of California project. Chris Barbieri of ANR Asset Management and Ron Barbieri of Coldwell Banker Commercial represented Pool Corporation. JLL’s Ruben Goodsell, Peter McWilliams and Mike McCrary represented the landlord, Carson Companies.
NEW YORK CITY — SL Green Realty Corp. has inked a 10-year lease with Adidas to occupy retail space at its 115 Spring St. property in Manhattan. The two-level, 5,218-square-foot space will be the new home of Adidas’s Originals boutique. SL Green acquired the retail property in 2014. Jeremy Ezra of RKF represented the tenant, while Ariel Schuster and Ross Berkowitz, also of RKF, represented the landlord in the transaction.
PALM BAY AND MELBOURNE, FLA. — Berkadia has brokered the $47 million sale of a three-property multifamily portfolio in Palm Bay and Melbourne. Agawam, Mass.-based Deancurt Melbourne LLC purchased the portfolio from Denver-based HC II LP for roughly $85,454 per unit. Cole Whitaker, Hal Warren and Jason Stanton of Berkadia brokered the transaction. The three communities include the 112-unit Malabar Lakes in Palm Bay, the 300-unit Grand Oaks at the Lake in Melbourne and the 138-unit Park Village in Melbourne.
HIALEAH, FLA. — CREC has brokered the $23.1 million sale of El Mercado Shopping Center, a 96,000-square-foot property located at 2400 W. 60th St. in Hialeah in Miami-Dade County. The shopping center was 99 percent leased at the time of sale to tenants such as Publix, Rent-a-Center, Payless Shoes, GNC, Little Caesars Pizza, Pollo Tropical, La Colonia Medical Center, Mary’s Dollar Store and SunTrust Bank. Warren Weiser, Harry Blyden and Andrew Remick of CREC represented the seller, El Mercado Associates Ltd., in the transaction. The buyer is Stockbridge El Mercado LLC, an affiliate of Stockbridge Capital Group.
RALEIGH AND DURHAM, N.C. — Charlotte-based Insite Properties has represented CNL Healthcare Properties in the acquisition of five single-tenant medical facilities in the Raleigh-Durham area. The portfolio includes the 58,189-square-foot North Carolina Specialty Hospital in Durham and four medical office buildings totaling 103,049 square feet. The 63,158-square-foot flagship facility and corporate headquarters for Triangle Orthopaedics Associates is the largest of the four medical office buildings. The five buildings were built between 2004 and 2011 and the current tenants have between 12 and 15 years remaining on their leases. Insite Properties will provide property management services for the portfolio. Sam DiFranco of Trinity Partners represented the seller in the transaction.
SANTA FE SPRINGS, CALIF. — Custom Companies has leased 306,286 square feet of industrial space in Santa Fe Springs. The space is located at 13012 Molette. The lease is valued at $13.7 million. Custom Companies, which provides airfreight and truck shipments to and from all points in the U.S., Canada and Mexico, will relocate from nearby Carson. The company will use the space for its warehouse, distribution, outside trailer storage and general office needs. NGKF’s Wesley Hunnicutt and Matthew Moore represented Custom Companies. Eric Knirk of Fremont Associates represented the owner, Oltmans Real Estate Company.
LAS VEGAS — Premier Educational Facilities has acquired the Bonanza Road industrial building, a 68,848-square-foot warehouse in North Las Vegas, for $5.3 million. The warehouse is located at 4151 E. Bonanza Road. It was built in 1976. The buyer will occupy the entire facility, which will operate as Equipo Academy, a college preparatory charter school for middle and high school students. Justin Michaels of Cornerstone Company represented Premier in the transaction.
OVERLAND PARK, KAN. — Starbucks is planning to open a new location in Overland Park late this year or early 2016. The coffeehouse chain signed a lease to occupy 2,186 square feet in a freestanding building located at 135th Street and Quivira Road. The building is situated at the main entrance to a Price Chopper grocery-anchored shopping center and across the street from The Fieldhouse of Kansas City indoor sports facility. Max Kosoglad of Block & Co. negotiated the purchase of the property on behalf of the undisclosed buyer and the subsequent long-term lease with Starbucks on behalf of the landlord.