EL SEGUNDO, CALIF. – Wpromote has leased 34,492 square feet at Campus 2100 in El Segundo. The three-building campus is the former home of Rhythm & Hues Studios. The online advertising firm signed a 7.5-year lease at the property. It is relocating its headquarters from another nearby office building where it occupied 21,335 square feet. Wpromote was represented by JLL’s Steve Solomon and Eric Adams. Tom Sheets and Chris Sinfield of Cushman & Wakefield represented the landlords, Rockwood Capital, LLC (Rockwood) and Marshall Property & Development, in this transaction.
PHOENIX – ConnectionsAZ has leased 36,000 square feet at Phoenix Memorial Center. The center is located at 1201 S. 7th Ave. in Phoenix. The building is the former Phoenix Memorial Hospital. The physician-led company specializes in emergency/crisis psychiatric services. It plans to operate a patient intake center from this location. ConnectionsAZ was represented by Kevin Lange of Keyser. The landlord, Memorial Key LLC, was represented by Kate Morris and Vince Femiano of CBRE’s Phoenix office.
BEND, ORE. – Romanoff Floor Coverings has leased 4,537 square feet of industrial/warehouse space in Bend. The space is located at 63026 Plateau Drive. The flooring construction services provider was represented by Ron Ross and Terry O’Neil of Compass Commercial in this transaction. The landlord was not named.
HOUSTON — Boyd Commercial/CORFAC International has arranged several real estate transactions for The Detering Co., including the relocation of the firm’s offices. The Detering Co. has relocated from Washington Avenue to a new, 107,000-square-foot facility located at 6800 Helmers St. The property is situated on a 19-acre site located near Loop 610 North in Houston. J. Michael Boyd of Boyd Commercial LLC/CORFAC International represented The Detering Co. in the move and several other deals, which took over two years to orchestrate. The transactions included the sale of three parcels of land, the purchase of two parcels of land and a build-to-suit of an office and warehouse facility. The Detering Co., a building materials supply company, formerly occupied more than five acres and 70,000 square feet at its former headquarters located at 3028 Washington Ave. Detering’s new headquarters fronts Irvington and Bennington Streets as well as Helmers. The property includes a 16-acre site acquired from Quasar Land Ltd., and a three-acre site acquired from Irvington Holdings LLC. A new 107,000-square-foot built-to-suit facility was recently completed and opened at the company’s new headquarters. Detering demolished a building on the property it acquired to make room for the new building. In addition, Detering …
HOUSTON — Moody Rambin has arranged the sale of a 2,553-square-foot office building in Houston. The property is located at 9525 Huffmeister Road at the northwest part of Houston off Highway 290. Jim Autenreith and Dan Nguyen of Moody Rambin represented the buyer, Sawin Service Automation Inc., in the sale. Leighton Investments LLC was the seller.
NEW YORK CITY — Rosewood Realty Group has arranged the sale of a four-building, 283-unit apartment complex located at 1711-1751 Fulton St. in Brooklyn’s Bedford-Stuyvesant neighborhood. Bushburg Properties purchased the 277,200-square-foot complex for $38 million from E&M Associates. In addition to the residential space, the property features nine commercial units, as well as parking spaces. Aaron Jungreis of Rosewood Realty Group represented both parties in the transaction.
NEW YORK CITY — RKF has arranged the sale of a retail and office property located at 497 Broome St. in New York City’s SoHo district. John Dee Corp. sold the 5,700-square-foot property to an undisclosed buyer for $18.75 million. The former home of The Original Teddy Bear factory, the property features 1,200 square feet of ground-floor retail space and 4,500 square feet of office space. Brian Segall and Chris Masi of RKF represented both parties in the 1031 exchange transaction.
POTTSTOWN, PA. — CBRE has brokered the sale of Pottstown Plaza, a shopping center located in Pottstown. The Cotswold Group purchased the 159,327-square-foot center from Hudson Advisors for an undisclosed price. Current tenants include Tractor Supply, Applebee’s and Fulton Bank. Kevin McClernon and Peter Stevens of CBRE represented both the buyer and the seller in the transaction.
NEW YORK CITY — GFI Realty Services has brokered the sale of a three-story walk-up apartment building located at 255 Himrod St. in Brooklyn’s Bushwick neighborhood. The vacant property, which is fully renovated, sold for $1.95 million or $325,000 per unit. Constructed in 1931, the property features six apartment units. Daniel Shragaei of GFI represented the buyer and seller in the transaction. The names of the buyer and seller were not released.
BUFORD, GA. — Steadfast Apartment REIT has acquired Preston Hills at Mill Creek, a 464-unit apartment community in Buford, roughly 35 miles outside of downtown Atlanta. The Orange County, Calif.-based REIT purchased the community for roughly $51 million and has now invested more than $350 million in nine apartment communities in the Midwest and Southeast. Constructed in 2000, the multifamily property is more than 90 percent occupied and is comprised of one- to three-bedroom units ranging from 882 to 1,426 square feet. Average in-place rents are $899 per month. The apartment community’s amenity package includes two resort-style swimming pools, a clubhouse, tennis court, two fitness centers, volleyball court, detached garages, business center, playground, spa and valet dry cleaning. Steadfast plans to upgrade the unit interiors and common areas in the next several months.