SAN MARCOS, TEXAS — Marcus & Millichap has arranged the sale of Blanco River Lodge, a class A, 186-unit multifamily property located at 1650 River Road in San Marcos. Joe James and Kent Myers of Marcus & Millichap’s Austin office arranged the transaction on behalf of the seller, a regional developer. James and Myers also secured the buyer, a partnership.
HOUSTON — Waterton Associates LLC has acquired Villas at Hermann Park, a 320-unit apartment complex in Houston near Hermann Park and the Texas Medical Center. Located on Almeda Road, just south of Houston’s Midtown neighborhood, the community offers one-, two- and three-bedroom units across 12 four-story buildings, as well as two parking garages. Amenities at Villas at Hermann Park include in-unit laundry rooms, private patios and balconies, access gates, a pool, two outdoor kitchens with grilling stations, a clubhouse, 24-hour fitness center, business center and two conference rooms. Waterton plans to make improvements to the community’s common areas and residential units, including kitchen and bathroom upgrades, and the addition of fenced-in backyards for 55 ground-level units.
ORLANDO, FLA. — Prologis Inc. has signed two lease agreements with tenants in Orlando totaling 257,540 square feet. UPS Supply Chain Solutions Inc. has signed a new lease for 112,000 square feet at Prologis Orlando Corporate Center, which features cross loading, extended truck courts and expanded trailer parking. Additionally, an undisclosed tenant has expanded an existing lease to occupy an entire 145,540-square-foot building at Prologis Beltway Commerce Center. As of Sept. 30, 2014, Prologis owns approximately 4 million square feet of logistics and distribution space in 33 buildings in the Orlando area.
ORLANDO, FLA. — Marcus & Millichap has brokered the $6.2 million sale of Rosemont Plaza, a 99,103-square-foot shopping center located at 5800 N. Orange Blossom Trail in Orlando. The property was 79 percent occupied at the time of sale to tenants such as dd’s Discounts, Save-A-Lot, Dollar Tree and Hungry Howies. Douglas Mandel and Barry Wolfe of Marcus & Millichap’s Fort Lauderdale office represented the seller, an affiliate of Ram Realty Services, in the transaction. Jason Yukins, also with Marcus & Millichap’s Fort Lauderdale office, secured and represented the buyer, a partnership based in Opa Locka, Fla.
WESTPORT, CONN. — GHP Office Realty LLC has acquired a retail shopping center located at 20 Saugatuck Ave. in Westport for an undisclosed price. The 19,000-square-foot center was vacant at the time of sale. The buyer has a $2 million capital improvement program slated for the property to redevelop it into a Class A multi-tenant shopping center. Upgrades will include installation of a new modern glass façade, awning and signage; installation of new mechanicals and gas service; new landscaping; resurfacing and re-striping of the parking lot; and resurfacing the roof. Additional terms of the transaction were not released. GHP Office Realty is a division of Houlihan-Parnes Realtors LLC.
NEW YORK CITY — Ariel Property Advisors has arranged the sale of a 15,000-square-foot multifamily property located at 2475 Hughes Ave. in the Belmont section of the Bronx. A private investor acquired the property for $2.56 million. The 20-unit walk-up features six three-bedroom units, seven two-bedroom units and seven one-bedroom units. Victor Sozio, Scot Hirschfield and Jason Gold of Ariel Property Advisors represented the seller, a real estate investment firm, and procured the buyer in the transaction.
SAN DIEGO – Girard Plaza and the Ralph Lauren building in La Jolla have sold to RCB Ranch for a total of $26.5 million. The buildings are located at 7833-7851 Girard Ave. and 7830 Girard Ave., respectively. Girard Plaza was originally built in 1950. Tenants include Banana Republic, Lululemon Athletica, Gap, Girard Gourmet and Kore Pilates. The Ralph Lauren building was also built in 1950. It has been continuously occupied by Ralph Lauren since the early 1990s. RCB was represented by Sean Doyle of Mexico Retail Advisors. The seller, Pogapana, was represented by Brian Quinn of Flocke & Avoyer Commercial Real Estate.
SAN LEANDRO, CALIF. – 21st Amendment Brewery has leased 58,648 square feet of space at the Williams Street Industrial Park in San Leandro. The space is located at 2010-2020 Williams Street. The brewery now occupies the entire space. Future plans may include a 5,000-square-foot brewery café/pub. The landlord, Broadreach Capital Partners, was represented by DTZ’s Jeff Starkovich and Michael Karp.
ARLINGTON AND MANSFIELD, TEXAS — Capital Square Realty Advisors LLC has acquired a portfolio of two medical office buildings located in the Dallas suburbs of Arlington and Mansfield. Both properties are 100 percent leased to Arlington Orthopedic Associates. The two-story Arlington building is located at 800 Orthopedic Way and includes 37,100 square feet of space. Built in 2003, the property is adjacent to Baylor Surgicare at Arlington, one block south of Pioneer Parkway and two miles north of I-20. The facility includes general exam rooms, imaging services, physical therapy space and features a carriage porch entrance for patient delivery and departures. The Mansfield property is located at 2801 E. Broad St. and includes 12,560 square feet of medical office space. The single-story building was developed in 2012 on the campus of the 168-bed Methodist Mansfield Medical Center. The facility houses imaging and physical therapy services and is accessible via State Routes 287 and 360.
HOUSTON — HFF has arranged the sale of the Aloft Houston Galleria, a 152-key boutique hotel near the Galleria in Houston. HFF marketed the property on behalf of the seller, HEI Hotels & Resorts (HEI). HEI will continue to manage the property. The select-service hotel is situated on nearly an acre at 5415 Westheimer Road, less than one mile from I-610. Built in 2009, the five-story Aloft by Starwood-branded hotel has 112 king, 30 double queen, five accessible king and five accessible queen guest rooms. The pet-friendly hotel features an indoor heated pool, a 24-hour fitness center, the camp Aloft program for kids aged two to 12, and 500 square feet of meeting space. Dan Peek, John Bourret, Colby Mueck and Austin Brooks of HFF represented HEI.