FORT WORTH, TEXAS — Lee & Associates has negotiated a 68,645-square-foot industrial lease at 4300 Diplomacy Road in Fort Worth, just south of the Dallas-Fort Worth (DFW) International Airport. Reed Parker of Lee & Associates represented the tenant, environmental consulting firm Green Planet 21. Gil Stroube of Lincoln Property Co. represented the landlord, Denali Texas Diplomacy Industrial.
MOUNT PLEASANT, WIS. — Nordic Realty Partners LLC has purchased a 10,430-square-foot office building in Mount Pleasant, about 25 miles south of Milwaukee. The sales price was not disclosed. The property, which includes surplus land of 3.1 acres, is located at 13303 Washington Ave. near I-94. Johnson Insurance currently occupies the building, but plans to relocate during 2018. CBRE represented the undisclosed seller in the transaction.
CHICAGO — Marcus & Millichap has brokered the sale of a 6,141-square-foot retail property in Chicago for $1.8 million. The ground-floor retail space is located at 2142-2144 W. Roscoe St in the Roscoe Village neighborhood. Tenants include Pure Motion Chiropractic, Pilates + Coffee, XO Studio salon and Roscoe Books. Sean Sharko, Austin Weisenbeck and Brewster Hague of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. The team also secured the private investor buyer.
DALLAS — Bellomy & Co. has brokered the sale of a CubeSmart self-storage facility located at 5505 Maple Ave. in the Oak Lawn area of Dallas. The Class A facility, which opened in March 2017, consists of 1,111 units across 100,239 net rentable square feet. Approximately 91 percent of the units are climate-controlled. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. represented the seller, Dallas-based Platinum Construction, in the transaction. The Bellomy team also procured the undisclosed buyer.
DENTON, TEXAS — Campus First Student Living, a division of Atlanta-based CF Real Estate Services LLC, has acquired Midtown at Denton, a 432-bed student housing community near University of North Texas in Denton. The 120-unit property, which will has been rebranded Midtown 905, was built in 2011 and includes amenities such as a pool, fitness center, game room, study lounge and tanning bed. The transaction is part of a three-property portfolio sale in which Los Angeles-based Redbridge Capital acquired two other student housing assets totaling 383 beds in Arlington and Fort Worth. The seller was not disclosed.
FORT WORTH, TEXAS — Bakery FunkyTown Donuts and Drafts and apparel and home décor retailer Willow House Boutique will open stores within Sundance Square, a retail and dining destination that spans 35 blocks in downtown Fort Worth. FunkyTown will occupy 1,248 square feet and Willow House will occupy 2,410 square feet. Both stores are slated to open this spring.
CHARLOTTE, N.C. —CBRE has arranged a 41,716-square-foot lease for Curvature, an IT support, products and services provider, at Coliseum Centre Five in Charlotte’s Airport submarket. Curvature will move its global headquarters to the 152,000-square-foot, six-story building in the second quarter, relocating from its current location at 10420 Harris Oaks Blvd. in north Charlotte. The company will occupy the entire sixth floor and most of the fifth floor. Joe Franco and Stephanie Spivey of CBRE arranged the lease on behalf of the landlord, Americas Capital Partners. Colin Reed, Mary Ayers and Virginia Luther of Savills Studley represented Curvature. Coliseum Centre Five — part of a master-planned, six-building office park — is located less than five miles from Charlotte Douglas International Airport and within walking distance to more than 30 restaurants and shops. Americas Capital Partners is currently underway on renovations to the property, including a new fitness center and conference facility.
LAS VEGAS — Vestar has acquired Best in the West, a 465,000-square-foot shopping center in Las Vegas. The price was $87 million, according to The Las Vegas Review-Journal. Bryan Ley and Jules Sherwood of HFF arranged the transaction on behalf of the seller, Weingarten Realty Investors. At the time of sale, Best in the West was 94 percent leased to tenants such as Best Buy, T.J Maxx, Stein Mart, PetSmart, DSW, Bed Bath & Beyond, JoAnn Fabrics, Office Depot, Ulta Beauty, Old Navy and Marshalls.
SANTA CLARITA, CALIF. — Colliers International has facilitated the sale of a retail center located at 23300-23314 Valencia Blvd. in Santa Clarita. A private investor acquired the property, situated on 3.5 acres, from DP Santa Clarita LLC for $9.8 million. Built in 1973 and renovated in 2012, the 45,429-square-foot property is fully leased to 99 Cents Only and Harbor Freight Tools. David Maling and Chris Maling of Colliers represented the seller in the transaction.
VAN NUYS, CALIF. — Marcus & Millichap has brokered the sale of a retail property located at 6650 Van Nuys Blvd. in Van Nuys. An individual/personal trust sold the property to a private investor for $1.4 million. The property features 6,253 square feet of retail space. Brandon Michaels and Justin Rappel of Marcus & Millichap represented both the seller and buyer in the deal.
