WHEELING, ILL. — Starbucks Coffee and Inland Bank have signed leases at Wheeling Town Center in the Chicago suburb of Wheeling. The mixed-use property is scheduled to open later this year. Starbucks will include a drive-thru and outdoor patio on a 2,100-square-foot plot. Inland Bank will span 2,000 square feet and also include a drive-thru. Previously unveiled tenants at the property include CMX Cinemas and City Works Eatery & Pour House. The project, a joint venture between WTC LLC and the Lynmark Group, will also include a 300-unit luxury apartment building.
NEW YORK CITY — TerraCRG has brokered the sale of an apartment building located at 267 Flatbush Ave. in Brooklyn’s Prospect Heights neighborhood. An undisclosed buyer acquired the property for $9.7 million, or $919 per square foot. The four-story building features nine apartment units and one commercial unit. Morgan’s BBQ occupies the commercial space. Ofer Cohen, Dan Marks, Adam Hess and Daniel Lebor of TerraCRG brokered the transaction.
NEW YORK CITY — Union Investment has acquired a retail property located at 412 W. 14th St. in Manhattan’s Meatpacking District. Premier Equities sold the three-story property for an undisclosed price. The 17,000-square-foot property is Toyota’s new experiential retail concept, “Intersect by Lexus.” The location will give customers the opportunity to experience the Lexus brand in a high-end environment featuring a showroom, coffee shop, full-service restaurant and gallery space. The acquisition was made on behalf of Unilmmo: Global, an open-ended retail estate fund.
HOUSTON — Moody Rambin has negotiated an 18,500-square-foot industrial lease at 10810 Train Court in northwest Houston. Josh Marcell and Ryan Fassett of Moody Rambin represented the tenant, Mayekawa USA Inc., a Tennessee-based manufacturer of refrigerator compressors, in the lease negotiations. The landlord, Clay-CMBS #2 LP, was represented internally by Charlie Crist.
LOS ANGELES — Coda Equities has purchased Verdugo Plaza, a three-building asset located at 3322 Verdugo Road and 2614 Arthur St. in Northeast Los Angeles. A private trust sold the retail plaza for $6.2 million. The buyer was not disclosed. The asset consists of three freestanding buildings totaling 21,885 square feet. At the time of acquisition, the property was 53 percent occupied. Karol Le of CBRE represented the buyer and seller in the deal.
MONTCLAIR, CALIF. — CIM Group has signed a lease with AMC Dine-in Theatre at Montclair Place, a 1.2 million-square-foot regional mall in the Inland Empire community of Montclair. The new theater will occupy 55,000 square feet of a new 134,000-square-foot, two-level building under construction at the site of the former Broadway department store. The theater will include 12 auditoriums and its signature MacGuffins adult beverage concept. In addition to AMC Theatres, the new building at Montclair Place will include 64,000 square feet of space for restaurant and entertainment concepts, and will provide a new grand entrance to the mall. The project is part of the multi-phased redevelopment and revitalization of the shopping center. A construction timeline for the project was not disclosed.
CAMBRIDGE, MASS. — CBRE/New England has arranged the sale of 14 Centre Street, an apartment building located between Central and Harvard squares in Cambridge. Cambridge Centre LLC, an affiliate of Chestnut Hill Realty, sold the property for $11.8 million. Built in 1910, the four-story building features nine one-bedroom units and eight two-bedroom apartments with an average unit size of 1,159 square feet. Simon Butler and Biria St. John of CBRE/NE represented the seller and procured the undisclosed buyer in the transaction.
BROCKTON, MASS. — NAI Hunneman has arranged the sale of an industrial building located at 120 N. Main St. in Brockton. Brockton & Main LLC acquired the property for $2.6 million. The buyer plans to convert the property into a 75,000-square-foot fully climate-controlled self-storage facility. Over Osvold, Cathy Minnerly and Sean Hannigan of NAI Hunneman represented the seller, Micro Wire Products, and procured the buyer in the transaction. Additionally, the NAI Hunneman team represented Micro Wire in its relocation to an 18,000-square-foot sublease at 5 Year Road in Holbrook, Massachusetts.
MOUNTAINSIDE, N.J. — Delaney Real Estate Holdings has completed the disposition of an office building located at 1139 Spruce Drive in Mountainside. Jiljo Real Estate Holdings acquired the 20,000-square-foot two-story property for an undisclosed price. Eric Demmers and Russ Verducci of NAI James E. Hanson represented the seller in the deal.
FORT MILL, S.C. — Cushman & Wakefield has brokered the $40 million sale of the Daimler Building, a 150,164-square-foot office building in Fort Mill, roughly 20 miles south of Charlotte in South Carolina. Rob Cochran, Jared Londry and Nolan Ashton of Cushman & Wakefield, along with Campbell Walker and Ridr Knowlton of Lincoln Harris, arranged the transaction on behalf of the undisclosed seller. Cantor Fitzgerald Investors LLC acquired the three-story building, which is fully leased to Daimler Trucks North America, a wholly owned subsidiary of Daimler AG. The building serves as the East Coast operations hub for Daimler Trucks North America, which has occupied the building since it was constructed in 2008.