more_sales_and_leases

M&M Arranges Sale of Apartment Complex in Metro San Antonio

by Haisten Willis December 19, 2014

FLORESVILLE, TEXAS — Marcus & Millichap has arranged the sale of Oakland Hills, a newly constructed 120-unit apartment complex in Floresville. Joe James and Kent Myers of Marcus & Millichap’s Austin office represented the unnamed seller. James and Myers also procured the buyer, a limited liability company. Construction on Oakland Hills was completed this year on an 11-acre site at 386 Paloma Drive at the intersection of Veterans Drive and Paloma Drive. Amenities at the complex include a gym, swimming pool, business lounge, gated entry, covered parking and a clubhouse.

December 19, 2014

Land Holding Sells 230-Unit Industrial Self-Storage Building in Trenton, Mich.

by Danielle Everson December 19, 2014

TRENTON, MICH. — Friedman Integrated Real Estate Solutions has brokered the sale of R & A Storage, a 230-unit industrial self-storage building in Trenton. Land Holding LLC sold the building, located at 5620 Hoover St., to Ariganello Management LLC. Paul Feldman of Friedman represented the seller in the transaction.

December 19, 2014

Office Texas

HFF Arranges Sale, Financing of 3000 Post Oak Office Building in Houston

by Haisten Willis December 19, 2014

HOUSTON — HFF has arranged the sale and acquisition financing of 3000 Post Oak, a 441,523-square-foot Class A office building in Houston’s Galleria submarket. HFF marketed the property on behalf of the seller, a joint venture between an affiliate of Five Mile Capital Partners LLC and Crocker Partners. FG Asset management purchased the property. The 19-story property is 100 percent leased to Bechtel, an engineering and construction firm. Jeff Hollinden, Dan Miller and Trent Agnew led HFF’s investment sales team representing the seller.

December 19, 2014

Industrial Texas

CBRE Arranges Sale of 1.3M SF Industrial Portfolio in Dallas

by Haisten Willis December 19, 2014

DALLAS — CBRE Capital Markets has arranged the sale of Oakmont Industrial Group’s 1.3-square-foot, Class A industrial portfolio in Dallas. The portfolio includes three cross-dock warehouses located just north and south of DFW International Airport. The buildings include flexible designs, 32-foot clear heights, fire protection systems, high-density dock doors and ample trailer storage. Jack Fraker, Frank Fallon, Josh McArtor, Jonathan Bryan, Heather McClain Venegoni and Ryan Thornton of CBRE arranged the transaction on behalf of Oakmont Industrial Group.

December 19, 2014

Massachusetts Multifamily Northeast

OGR Tewksbury Buys 56-Unit Multifamily Community for $10M

by Amy Works December 19, 2014

TEWKSBURY, MASS. — OCR Tewksbury, an affiliate of Ocean Gate Realty Advisors, has purchased a multifamily community located at 1535 Main St. in Tewksbury, a suburb of Boston. The 56-unit, garden-style property sold for $10 million. Simon Butler and Biria St. John of Cushman & Wakefield/New England represented the seller, Omni Properties, in the transaction. East Boston Savings Bank arranged financing for the acquisition. Ocean Gate Realty Advisors is a privately held real estate investment company with offices in Boston and New York City.

December 19, 2014

Florida Southeast

Amsdell Cos. Acquires Self Storage Facility in Fernandina Beach

by John Nelson December 19, 2014

FERNANDINA, FLA. — A member of Amsdell Cos., Compass Self Storage, has purchased a Class A self storage property located at 2641 Bailey Road in Fernandina Beach. Compass will operate the 68,000-square-foot facility upon closing. The self storage center features indoor climate controlled units, digital surveillance, electronic access and truck rental. The facility will be the 14th self storage property for Compass in Florida and the 12th that the company has opened in 2014.

December 19, 2014

Industrial South Carolina Southeast

Norvell Brokers $1.5M Sale of Flex Property in North Charleston

by John Nelson December 19, 2014

NORTH CHARLESTON, S.C. — Norvell Real Estate Group LLC has brokered the $1.5 million sale of an 18,500-square-foot office/warehouse building, located at 3445 Buffalo Ave. in North Charleston. The property is fully leased to HD Supply. Drayton Calmes of Norvell represented the buyer, Marshall Bridge Capital LLC, in the transaction. Charlie Moore of Carolina Commercial represented the seller.

December 19, 2014

Illinois Industrial Midwest Office

NelsonHill Arranges $2.8M Sale of 100,000 SF Building in Chicago

by Danielle Everson December 18, 2014

CHICAGO — NelsonHill has arranged the $2.8 million sale of a 100,000-square-foot building in Chicago’s Jefferson Park neighborhood. The Chicago Transit Authority (CTA) purchased the property located at 5353 W. Armstrong Ave. CTA will use the site to expand its area bus depot. The property features three interior docks, one exterior dock and one drive-in door. The building is situated on nearly four acres, is located in the Elston/Armstrong TIF Corridor, and is in close proximity to the I-90 and I-94 expressways. Mark Nelson and Michael Nelson of NelsonHill represented the seller, a New York-based cab company. Hugh Murphy of JLL represented the CTA.

December 18, 2014

Industrial Midwest Minnesota

Upland Real Estate Group Arranges 48,000 SF Industrial Lease in Plymouth, Minn.

by Danielle Everson December 18, 2014

PLYMOUTH, MINN. — Upland Real Estate Group Inc. has arranged a 48,000-square-foot industrial lease for MVP Logistics LLC at the Medicine Lake Industrial Center (MLIC) located in Plymouth. Duke Realty owns and operates the 221,579-square-foot distribution center, which is located a half mile west of U.S. Highway 169. MVP is expanding from 12,000 square feet at its current facility in Golden Valley located one mile east of MLIC. Joshua Huempfner of Upland Real Estate Group represented MVP in the transaction.

December 18, 2014

Industrial Texas

Parkway Properties Signs Leases in Houston

by Haisten Willis December 18, 2014

HOUSTON — Parkway Properties Inc. has signed two leases totaling 213,000 square feet in Houston with Nabors Industries and Bristow Group Inc. Nabors Industries signed a 98,000-square-foot expansion lease at One Commerce Green, located in the Greenspoint submarket of Houston, which expires on Sept. 30, 2025. The Nabors expansion will back-fill space Southwestern Energy Co. will vacate during the first quarter of 2015. Bristow Group Inc. signed a 115,000-square-foot lease at CityWestPlace, located in the Westchase submarket of Houston, which expires Jan. 31, 2025.

December 18, 2014

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