ORLANDO, FLA. — The SRS Southeast investment sales team has brokered the $14.6 million sale of a 77,260-square-foot shopping center located at 16825 E. Colonial Drive in Orlando. The property, known as Corner Lakes Plaza, is co-anchored by Publix and Tractor Supply Co. An affiliate of Publix Super Markets Inc. purchased the shopping center from Miller Group Development. Kyle Stonis and Pierce Mayson of SRS represented Miller Group Development in the transaction.
DEERFIELD BEACH, FLA. — Investments Limited has purchased Hillsboro Commons, an 82,000-square-foot shopping center located in Deerfield Beach, for $12.3 million. The two-story, LA Fitness-anchored retail center located at 1000 E. Hillsboro Blvd. was 98 percent leased at the time of sale. Investments Limited purchased the center from Hillsboro Capital LLC. Phil Bloom of Bellestar Partners LLC and Nancy Dockerty of Dockerty Romer & Co. co-brokered the transaction.
BURBANK, CALIF. – A 30-unit apartment building in Burbank has sold to a private investor for $8.4 million. The community is located at 1735 Peyton Ave. It was built in 1988. Warren Berzack of Berzack Investment Property Advisors and Lee & Associates-LA North/Ventura represented the buyer. He also represented the seller, another private investor, along with fellow Lee principals George Yessaie and Stephen Geiger.
LOS ALTOS, CALIF. – Barre3 has leased 1,460 square feet of ground-floor retail space at the Colonnade apartment community in Los Altos. The exercise studio, which blends ballet with yoga and pilates, will open early next year. Other retail tenants at Colonnade include the Vitamin Shoppe and Jos. A. Bank. The community’s retail space is now 85 percent leased. Colonnade also features 167 luxury apartment units that will begin leasing early next year. Barre3 was represented by Ryan Warner of Meacham/Oppenheimer. The landlord and developer, a joint venture between Pritzker Realty Group and Sares Regis Group of Northern California, was represented by Randol Mackley and Steve Gazzera of SRS Real Estate Partners.
BASKING RIDGE, N.J. — Rubenstein Properties and partner Onyx Equities have executed a 61,676-square-foot lease with Avaya Inc. at 211 Mount Airy Road in Basking Ridge. Affiliates of Rubenstein and Onyx acquired the 305,000-square-foot property from Avaya in 2013 as a sale-leaseback deal. The property features a full cafeteria, state-of-the-art fitness facilities, 127-unit auditorium and an on-site conference center. Newmark Grubb Knight Frank represented both Avaya and Rubenstein/Onyx.
NEW YORK CITY — Colliers International and Lee & Associates have brokered a 51,223-square-foot lease at 1251 Avenue of the Americas in New York City. Bernstein Litowitz Berger & Grossman LLP inked a long-term relocation for the space in the 54-story, 2.4 million-square-foot office tower. The law firm plans to occupy the space by year-end 2015 and will occupy the entire 44th floor with additional space on the 41st floor and concourse level. Robert Koslow of Colliers International and Howard Rosen of Lee & Associates co-brokered the lease on behalf of the tenant. Peter Shimkin and David Falk of Newmark Grubb Knight Frank represented the landlord in the transaction.
NEW YORK CITY — Compass Group has renewed its lease for the entire 30th floor at 135 East 57th Street in New York City’s Plaza District. Owned by Cohen Brothers Realty Corp., the 32-story Class A office tower features eight high-speed passenger elevators, indoor garden space, building management and security personnel with 24/7 lobby attendance. Marc Horowitz of Cohen Brothers provided in-house representation for the landlord. David Kaplansky of Colliers International arranged the deal on behalf of the tenant.
ANGLETON, TEXAS — NAI Houston has brokered the acquisition of 10.4 Acres at Highway 288 Business and CR 220 in Angleton. The site will be developed into an eight-building industrial park. Joel Michael of NAI Houston represented the buyer, Teal Development, in the transaction. Bob Peltier of Bob Peltier & Associates Real Estate represented the seller, Second Baptist Church of Angleton.
NEW YORK CITY — Eastern Consolidated has arranged the sale of 720 West 172nd St., known as 121-123 Haven Avenue, in Washington Heights. Barberry Rose Management purchased the asset from David Tseng for $8.5 million. The six-story, 36,125-square-foot multifamily building features 32 apartments. The property is in close proximity to Columbia Presbyterian Hospital, Public School 173, J. Hood Wright Park and Henry Hudson Highway. Matthew Sparks and Abram Bernstein of Eastern Consolidated represented the seller; Sparks also procured the buyer in the transaction. Ari Goodman was the attorney for the seller, while Marc Landis, Brian Beller and Karen Schwimmer of Phillips Nizer LLP served as attorneys for the buyer.
NEW YORK CITY — JEMB Realty has completed 75,000 square feet in new leasing activity at its office property located at 75 Broad St. in Lower Manhattan. The property is now more than 90 percent occupied. Built in 1927 as the headquarters for ITT Corp., the 33-story building offers flexible floor plates, top-tier amenities, 24-hour security and an in-house management team. JEMB acquired the property in 2000. New tenants include Human Rights First (18,000 square feet), represented by Carri Lyon, Robert Lower and Kevin Daly of Cushman & Wakefield; StellaService (10,000-square-foot expansion), represented by Patrice Meagher of CBRE; Toll Brothers; Sun & Moon Marketing (7,000 square feet), represented by Robert Constable and Willard Overlock of Cushman & Wakefied; Design Quadrant (7,500 square feet), represented by Kenneth Beilin of Beilin Commercial Real Estate; Blue Engine, represented by Jordan Rosenlicht and Lindsay Ornstein of Transwestern; Health Corps, represented by Robert Taylor of SRS Real Estate Partners; Cooper Carry, represented by Carri Lyon of Cushman & Wakefield; and Johnson Gallagher Magliery represented by George Keller and Peter Cento of Cushman & Wakefield. Approximately 60,000 square feet of office space remains available at 75 Broad Street.
