WILLIAMSVILLE, N.Y. — Wendel, a design and construction firm, has signed a lease to expand and relocate its Amherst, N.Y., corporate headquarters to Centerpointe Corporate Park in Williamsville. The design firm will occupy approximately 37,000 square feet at 375 Essjay Road in Centerpointe Corporate Park, Ciminelli’s flagship corporate park. Wendel expects to take occupancy in April 2015. This relocation will expand the firm’s office space by 10,000 square feet. Timothy Malchow of Ciminelli Real Estate Corp. represented the owner, Centerpointe Corporate Holdings LLC, in the transaction.
SAN ANTONIO — An unnamed buyer has purchased the 648-acre Black Buck Ranch in northwest San Antonio. The property will be developed into a master-planned community and features elevated land with views of downtown San Antonio and the surrounding area. The property borders the Palmira & Anaqua Spring Ranch developments. Taylor Schmidt and Reed Vestal of TNRG represented the buyer. Asher Reilly of Land Advisors Organization represented the seller.
KAPOLEI, HAWAII – A partnership between Angelo Gordon & Co. and Metric Holdings has acquired Kapolei Trade Center, a 221,000-square-foot industrial center, for $35 million. The property is located at 2045 Lauwiliwili Street inside the Kapolei Business Park in Kapolei. The center includes 17 detached industrial buildings on 11.8 acres. It was built in 2008. Kapolei’s seller, iStar Financial, initially acted as the project’s lender, taking control of the center in 2010. It was stabilized before iStar’s decision to sell the asset. The center’s listing agents are Guy Kidder and Scott Mitchell of Colliers International. The partnership, called AG-Metric KTC Holdings, has previously acquired the former Hawaii Raceway, now known as Malakole Industrial Park.
MISSOURI CITY, TEXAS — Coldwell Banker Commercial united Realtors has arranged the sale of a 22,203-square-foot shopping center located on three acres at 4225 Sienna Parkway in Missouri City. The center, called Market at Bees Creek, is located just south of Houston. Mark McGinley of Coldwell Banker represented the seller. James Lee of Gulf South Investments represented the buyer, a local investment group.
SAN JOSE, CALIF. — Shorenstein Properties LLC has acquired Champion Station, a 426,000-square-foot office and R&D campus in North San Jose, for an undisclosed sum. The low-rise campus is located at 110-180 West Tasman Drive. The acquisition includes the first phase of the station, which contains four buildings that are fully leased to Cisco on a short-term basis. The property is located less than two miles from Levi’s Stadium, the new home of the San Francisco 49ers. The seller was TMG Partners. Champion Station is the first investment completed by Shorenstein Realty Investors Eleven, a closed-end investment fund formed earlier this year with $1.22 billion in committed capital from Shorenstein and its investors.
MESA, ARIZ. — American Traffic Solutions has leased Building One at Waypoint office campus in Mesa. The building is located near Phoenix Sky Harbor International Airport and Mesa Riverview, on the borders of Mesa, Scottsdale and Tempe. Waypoint office campus will be a two-building, Class A office campus. The second 150,000-square-foot building will soon be under construction. The landlords, Lincoln Property Company and Harvard Investments, are represented by CBRE’s Dave Carder, Luke Walker and Eric Schultz.
SALT LAKE CITY — Lofgren Distribution Warehouse, a 40,328-square-foot industrial building in Salt Lake City, has sold to Engineered Wall Systems (EWS) for an undisclosed sum. The building is located at 250 West 2855. The exterior wall panel systems provider will use the facility as its new company headquarters. EWS was represented by Kelsie Akiyama of Newmark Grubb ACRES. The seller, Lofgren Funiture, was represented by Robert Kingsford of Newmark Grubb ACRES.
NEW YORK CITY — A joint venture partnership between The Kalikow Group and MKRO I LLC, an equity venture fund between Massey Knakal and RiverOak Investment Corp., has acquired a six-story multifamily building located at 68 Richardson St. in Brooklyn’s Williamsburg neighborhood. The partnership purchased the asset for $17.5 million from Dabby Investments. Located near McCarren Park, the 32,500-square-foot property features 24 residential units and one ground-floor commercial space. The new owner plans to renovate the building’s façade and common areas, as well as the individual apartment units.
KUTZTOWN, PA. — CBRE has arranged the sale of Weis Plaza, which is located at 15260 Kutztown Road in Kutztown. New York City-based Nassimi Realty LLC purchased the property from Cincinnati-based Phillips Edison Fund III for an undisclosed price. Constructed in 1972, the 115,359-square-foot shopping center is anchored by a 56,614-square-foot Weis Markets and was 77 percent leased at the time of sale. Additional tenants include Dollar General, Once Again Thrift Store, National Auto Stores and RadioShack. Brad Nathanson of CBRE’s Conshohocken, Pa., office represented the seller in the transaction.
RIDGEFIELD PARK, N.J. — New Jersey-based NAI Hanson has brokered the sale of a mixed-use building located in Ridgefield Park. Korean District of the Christian and Missionary Alliance purchased the 2,000-square-foot property, which is located at 169 Main St., for an undisclosed price. The buyer plans to use the property to expand its ministry. The property features 1,000 square feet of ground-floor retail space and two second-floor residential apartments. Anthony Cassano of NAI Hanson represented the seller, Carol Avlon, in the transaction.