more_sales_and_leases

CPA:17 – Global Acquires Office and Data Center in San Antonio for $22M

by Haisten Willis February 11, 2015

SAN ANTONIO — W. P. Carey Inc., a global net lease REIT specializing in corporate sale-leaseback financing, build-to-suit financing and the acquisition of single-tenant net lease properties, has acquired an office and data center facility on behalf of CPA:17 – Global, one of its managed non-traded REITs. The 120,147-square-foot facility is located in San Antonio and is leased to iHeartCommunications Inc. for a period of 20 years. The total acquisition price was approximately $22 million. Constructed in 2002 as a build-to-suit for Clear Channel, the facility serves as the company’s primary IT and finance shared service center.

February 11, 2015

Henry S. Miller Arranges Sale of Apartment Complex in Dallas

by Haisten Willis February 11, 2015

DALLAS — Henry S. Miller Co.’s Fred Dumlao has brokered the purchase of Las Brisas Apartments. The 244-unit apartment complex is located at 9911 Whitehurst Drive in northeast Dallas, just south of I-635. Whitehurst 9911 Partners LLC purchased the apartment complex and has chosen City Gate Property Group as the property management partner. Greysteel represented the seller in the transaction.

February 11, 2015

Retail Texas

M&M Arranges Sale of 9,801 SF Net-Leased Property in Rio Grande Valley

by Haisten Willis February 11, 2015

BROWNSVILLE, TEXAS — Marcus & Millichap has arranged the sale of Advanced Auto Parts, a 9,801-square-foot, net-leased property located in Brownsville. Jason Vitorino and Adam Gottschalk of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a private investor. Hank Wolfer, an investment specialist in the firm’s Seattle office, procured the buyer, a trust group based in Kansas. Advanced Auto Parts is located at 3740 International Blvd. in Brownsville, less than 1.5 miles from US Highway 77. Constructed in 2004 on 2.2 acres, the property is surrounded by tenants including Walmart, The Home Depot, GameStop, State Farm, CVS, Dairy Queen, Sally Beauty Supply, Subway and RadioShack. At the time of listing, Advanced Auto Parts had approximately five years remaining on its 15-year, corporately guaranteed net lease.

February 11, 2015

Florida Retail Southeast

Mattoni Group Acquires Ground-Floor Retail Space at 1010 Brickell in Miami

by John Nelson February 11, 2015

MIAMI — Miami-based Mattoni Group has purchased more than 11,000 square feet of retail space at 1010 Brickell, a 50-floor, 387-unit condominium project in Miami’s Brickell district. Mattoni purchased all the ground-floor commercial units and is planning to lease those spaces to major retailers. 1010 Brickell’s developers, 13th Floor Investments and Key International Development, plan to complete the property in fall 2017. The development is positioned near the Tenth Street Metromover station on the Brickell Loop.

February 11, 2015

Georgia Office Southeast

Lincoln Property Co. Southeast Arranges Volkswagen’s Office Lease Renewal in Alpharetta

by John Nelson February 11, 2015

ALPHARETTA, GA. — Lincoln Property Co. Southeast has brokered Volkswagen Group of America’s long-term renewal of its 16,557-square-foot office lease in Alpharetta. The automaker renewed its lease at Two Northwinds, a six-story, 146,972-square-foot Class A office building located at 2520 Northwinds Parkway in Atlanta’s North Fulton submarket. Hunter Henritze and Michael Howell of Lincoln Property Co. Southeast represented the landlord, Equity Office, in the lease transaction. Shannon Newell of JLL represented Volkswagen.

February 11, 2015

Mixed-Use Multifamily New York Northeast

City Urban Realty, MRC Buy Greenwich Village Mixed-Use Property for $27.5M

by Amy Works February 11, 2015

NEW YORK CITY — City Urban Realty and Madison Realty Capital have acquired a mixed-use residential and commercial property located at 14-16 Fifth Ave. in Greenwich Village. The partnership purchased the asset for $27.5 million from an undisclosed seller. The five-story, 20,219-square-foot building features 18 residential units, two commercial spaces and 52 feet of frontage along Fifth Avenue. The property also features 43,000 square feet of additional residential development rights. The buyers plan to renovate the existing apartments, lease-up vacant units and explore potential redevelopment options for the property. Additional terms of the transaction were not disclosed.

February 11, 2015

Multifamily New York Northeast

Marcus & Millichap Arranges $5.4M Sale of Brooklyn Apartment Building

by Amy Works February 11, 2015

NEW YORK CITY — Marcus & Millichap has arranged the sale of an apartment building located at 729 Lafayette Ave. in Brooklyn. Bart Zimmerman of the Barcel Group purchased the 17-unit property for $5.4 million. Derek Bestreich, Lucien Sproviero and Steve Reynolds from Marcus & Millichap’s Brooklyn office represented the seller, a limited liability company in the transaction.

February 11, 2015

California Office Western

United Trust Fund Completes Sale-Leaseback in San Diego

by Nellie Day February 10, 2015

SAN DIEGO – United Trust Fund (UTF) has acquired and leased back a 27,340-square-foot office building in San Diego. The office building is fully leased to a large construction company that holds a 15-year net lease at the property. UTF also owns the company’s regional headquarters in Arizona, Chicago and Massachusetts. The property’s address and price were not disclosed.

February 10, 2015

California Retail Western

Lucille’s, Wokcano to Open at Westfield MainPlace in Santa Ana

by Nellie Day February 10, 2015

SANTA ANA, CALIF. – Lucille’s Smokehouse Bar-B-Que and Wokcano will soon open at Westfield MainPlace in Santa Ana. Lucille’s will occupy a 10,000-square-foot space, while Wokcano will absorb 5,000 square feet. The restaurants are slated to open late this summer or early fall. Westfield MainPlace is currently undergoing a massive renovation. Panini Café, Dog Haus and Blaze Pizza have all recently opened at the center.

February 10, 2015

Hospitality Texas

M&M Arranges Sale of 89-Room La Quinta Inn & Suites in Northeast Texas

by Haisten Willis February 10, 2015

MOUNT PLEASANT, TEXAS — Marcus & Millichap has arranged the sale of La Quinta Inn & Suites, an 89-room hotel located in Mount Pleasant. Chris Gomes and Skyler Cooper of Marcus & Millichap’s Dallas office, along with Allan Miller of the firm’s San Antonio office, marketed the property on behalf of the seller, a Dallas-based company. Gomes and Cooper also procured the buyer, a private investor. La Quinta Inn & Suites is located at 1620 Rotan Road, near the intersection of West Ferguson Road and I-30. Built in 2008, the interior corridor, limited service hotel is less than six miles from the Mount Pleasant Municipal Airport. Recreational amenities at the hotel include an indoor swimming pool and spa, fitness facility and vending area. The hotel offers a fully equipped business center, meeting facilities and free wireless Internet access in all rooms.

February 10, 2015

Newer Posts

Older Posts