more_sales_and_leases

M&M Arranges Sale of Retail Property in Norman, Okla.

by Haisten Willis October 30, 2014

NORMAN, OKLA. — Marcus & Millichap has arranged the sale of Christian Brothers Automotive, a 4,945-square-foot, net-leased property in Norman, Okla. Jason Vitorino of Marcus & Millichap’s Dallas office represented the seller, a private investor. Steven Schechter of the firm’s Encino office represented the buyer, a personal trust that purchased the property in a 1031 tax-deferred exchange. Christian Brothers Automotive is located at 3050 Yarbrough Way in Norman, just north of Rock Creek Road. The Houston-based company has more than 115 locations in 15 states.

October 30, 2014

Friedman Brokers Sale of 22,556 SF Office Building in Lansing, Mich.  

by Danielle Everson October 30, 2014

LANSING, MICH. — Friedman Integrated Real Estate Solutions has arranged the sale of a 22,556-square-foot office building in Lansing. The property is located at 6452 Millennium Drive. The seller, 6452 Millennium LLC, sold the building to Pat and Mark Properties LLC. Barry Swatsenbarg and Richard Deptula of Friedman represented both the buyer and seller in the transaction.

October 30, 2014

Colorado Industrial Western

Servtech Leases 95,000 SF of Industrial Space in Louisville

by Nellie Day October 30, 2014

LOUISVILLE, COLO. – Servtech has leased 95,000 square feet of industrial space in Louisville. The space is located at 333 Centennial Parkway. The electrical motor controls manufacturer was represented by Adam Micheli of Berkshire Hathaway and Gwenivere Snyder of Colorado Landmark Realtors. The landlord, Neoserv Co Qrs 10 13 Inc, was represented by Chris Ball, Brandon Ray, Alec Rhodes, Tyler Smith and Aaron Valdez of Cassidy Turley.

October 30, 2014

California Multifamily Western

Redwood City Apartment Building Sells for $3.3M

by Nellie Day October 30, 2014

REDWOOD CITY, CALIF. – A 12-unit apartment complex in Redwood City has sold to a private investor in a 1031 exchange for $3.3 million. The community is located at 1550-1570 Ebener Street. The property was recently renovated and offered significant upside in potential rent income. Robert Johnston and Mitchell Zurich of Marcus & Millichap’s Palo Alto office represented both the buyer and seller, a private investor, in this transaction.

October 30, 2014

California Retail Western

Blue Line Pizza Opens at the Westlake Shopping Center in Daly City

by Nellie Day October 30, 2014

SAN FRANCISCO – Blue Line Pizza recently opened its fifth San Francisco Bay Area restaurant at the Westlake Shopping Center. The center is located at 511 Westlake Center, just south of San Francisco. The restaurant will occupy 2,978 square feet. The center is anchored by Trader Joe’s, Safeway, Walgreens, Home Depot and Cost Plus World Market. Blue Line Pizza also has restaurants in Burlingame, Campbell, Mountain View and San Carlos. The restaurant was represented by Ross White of SRS Real Estate Partners.

October 30, 2014

Georgia Multifamily Southeast

Middle Street Partners Acquires Apartment Community in Metro Atlanta

by John Nelson October 30, 2014

LAWRENCEVILLE, GA. — Middle Street Partners LLC, along with an undisclosed joint venture partner, has purchased The Overlook at Gwinnett Stadium, a 410-unit apartment community in Lawrenceville, a suburb east of Atlanta. Middle Street’s joint venture partner was a private family office. The property was built in 2012.

October 30, 2014

Multifamily Seniors Housing Texas

Kensington, SEDCO Acquire Senior Housing Complex in Metro Dallas

by Haisten Willis October 29, 2014

MCKINNEY, TEXAS — A joint venture between Kensington Realty Advisors and SEDCO Capital has acquired Orchard Park, a seniors housing complex in McKinney, a suburb of Dallas. Orchard Park is a 97-unit assisted living and memory care facility located 30 miles north of downtown Dallas. The property was completed in 2011 and is located near a major hospital.

October 29, 2014

Industrial Northeast Pennsylvania

Bussel Realty Corp. Brokers 100,000 SF Industrial Lease in Levittown

by Amy Works October 29, 2014

LEVITTOWN, PA. — New Jersey-based Bussel Realty Corp. (BRC) has arranged the lease of 100,000 square feet of industrial space at 30 Runway Dr. in Levittown. Poly Cube Company will lease the space for its plastic manufacturing business operations. Built in 1991, the 201,600-square-foot, Class A industrial facility features 28-foot ceiling heights, 40-foot by 42-foot column spacing, wet sprinklers, six tailboard and four rail doors for loading, as well as ample parking. Steve Bussel of BRC was responsible for the transaction and represented the tenant. Frank Green Development is the owner of the property.

October 29, 2014

Retail Texas

NAI Robert Lynn Arranges 45,000 SF Lease in Dallas

by Haisten Willis October 29, 2014

DALLAS — NAI Robert Lynn’s retail division has arranged a 45,000-square-foot retail lease to Texas Family Fitness at 910 W. Parker Blvd. in Plano. Dan Avnery represented the tenant in the transaction. The space is located in the Plano Towne Square shopping center near anchor stores such as Inwood National Bank, Rent-A-Center and Dollar General. The shopping center was originally built in 1985 and is located at North Central Expressway and Parker Boulevard. This will be Texas Family Fitness’ second location in Plano.

October 29, 2014

Multifamily Southeast Virginia

Thalhimer Realty Partners Buys Cornish Brewery, Kinney Street Apartments for $4.6M

by John Nelson October 29, 2014

RICHMOND, VA. —Thalhimer Realty Partners Inc. has purchased Cornish Brewery and the Kinney Street Apartments in Richmond for a combined $4.6 million. The two apartment communities total 49 units and are located on Virginia Commonwealth University’s Monroe Park Campus. Mac Wilson of Cushman & Wakefield | Thalhimer represented Thalhimer Realty in the transaction. Thalhimer Realty has tapped Cushman & Wakefield | Thalhimer’s student housing management group to manage the two properties. Thalhimer Realty Partners is the investment and development subsidiary of Cushman & Wakefield | Thalhimer.

October 29, 2014

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