SEATTLE — Vista Investment Group has acquired Seattle Mart, an 82,218-square-foot creative office building in Seattle, for $14.6 million. The building is located at 200 S.W. Michigan St. in the Georgetown neighborhood south of Seattle’s Central Business District. Seattle Mart was built in 1929. It previously served as Boeing’s first headquarters. The space was renovated in 2015. Andy Miller and Evan Lugar of Kidder Mathews represented the seller, Lift Real Estate Partners, in this transaction.
SAN JOSE, CALIF. — Cohesity has leased about 40,000 square feet of office space at Riverpark Tower II in downtown San Jose. The tower is located at 300 Park Ave. The hyperconverged secondary storage provider is nearly tripling its square footage. It previously leased 14,000 square feet at 471 El Camino Real in Santa Clara. Cohesity is expected to occupy its new space in the fourth quarter of this year after a custom build-out is complete. Joe Brady and Mike Mordaunt of Savills Studley represented the company. Anne Ralston and Phil Mahoney of Newmark Cornish & Carey represented the landlord, Steelwave, in this transaction.
CHICAGO — Free Market Ventures (FMV), in partnership with Second City Real Estate, has acquired a 179,442-square-foot office building in Chicago’s O’Hare submarket. The purchase price was not disclosed. The transit-oriented property is located at 6400 Shafer Court. Built in 1980, the eight-story building was renovated in 1991, 2006 and 2015. The property is currently 88 percent leased to 15 tenants, including Cap Gemini, Seasons Healthcare Management LLC and Haemonetics Corp. FMV plans to perform a series of improvements including a lobby renovation, addition of a fitness center and upgraded common areas. Cushman &Wakefield has been selected as the leasing agent, and Crossroads Partners will handle property management.
CHICAGO — Chicago Harley-Davidson has signed a 10,000-square-foot retail lease at Addison & Clark, a mixed-use project under development in Chicago’s Lakeview neighborhood. The retail and residential complex is located directly across from Wrigley Field. One of three Chicago-area Harley-Davidson stores owned by Grand Rapids, Mich.-based Fox Motors, Chicago Harley-Davidson will occupy 10,000 square feet of retail space at the development. The showroom will primarily be a retail outlet offering new and used sales, light maintenance services, Harley-Davidson parts and accessories and MotorClothes.
ELGIN, ILL. — Newmark Knight Frank (NKF) has arranged the sale of a 30,864-square-foot industrial property in Elgin, 35 miles northwest of Chicago. The sales price was not disclosed. Situated on a two-acre site, the property is located at 1320 Holmes Road. Designated for light manufacturing and warehouse use, the property features one exterior dock, two drive-in doors, four existing cranes, and 18- to 24-foot clear heights. Adam Marshall and Mark Deady of NKF represented the seller, Reis Robotics USA Inc. The firm relocated to a nearby property earlier this year, which provided more space efficiency and functionality for its operations. Rick Anesi of Lee & Associates represented the buyer, Ultra Polishing Inc. The metal polishing company is based in Schaumburg.
CHAMPLIN, MINN. — Marcus & Millichap has brokered the sale of South Pond Center in Champlin, a northern suburb of Minneapolis, for $2.5 million. The 26,020-square-foot retail property is located at 11350 Aquila Drive North. Tenants include Hudy’s Café, Totally Tan, Trailhead Cycling and Champlin Nails. Sean Doyle, Matthew Hazelton, Adam “AJ” Prins and Cory Villaume of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. Claire J. Roberts and Marc C. Paylor of Marcus & Millichap secured and represented the buyer, also a limited liability company.
HOUSTON — The RADCO Cos. has acquired City Gate at Champions, a 278-unit, Class B apartment community situated on 10.6 acres at 12811 Greenwood Forest Drive in Houston. Built in 1978, the property consists of 27 two-story buildings with units averaging 874 square feet each. Amenities include a pool, picnic and grilling area and community clubhouse. The seller and other terms of sale were not disclosed. Atlanta-based RADCO plans to spend approximately $14,500 per unit on capital improvements. BBVA Compass provided debt and capital for the acquisition.
DALLAS AND DENTON, TEXAS — Disney Investment Group (DIG) has sold two shopping centers totaling 58,578 square feet in North Texas for a combined $24 million. The company sold Sprouts Village, a 46,380-square-foot, grocery-anchored center in Denton to The Inland Real Estate Group of Cos. Inc. DIG also sold Midway Plaza, a 12,198-square-foot shopping center in Dallas shadow-anchored by Walmart and Sam’s Club, to a private investor.
SAN ANTONIO — El Paso-based investment firm Mimco Inc. has acquired 5530 Walzem Road, a 100,000-square-foot shopping center in San Antonio. The center is home to tenants such as Melrose Clothing, Freedom Fitness, Octapharma and Taco Bell. With this acquisition, Mimco’s San Antonio portfolio now consists of more than 1 million square feet of shopping centers.
KILLEEN, TEXAS — Retail Solutions has negotiated a 44,580-square-foot retail lease at Wendland Plaza, a shopping center located at 901 S. Fort Hood St. in the Austin metro of Killeen. Tucker Francis of Retail Solutions represented the landlord in the lease negotiations. Joseph Williams of The Woodmont Co. represented the tenant, Altitude Trampoline Park.
