sales_and_leases

HFF Arranges $26M Sale of Mixed-Use Development in Scottsdale

by Nellie Day May 23, 2017

SCOTTSDALE, ARIZ. — HFF has arranged the $26 million sale of The Village at Hayden, a 156,751-square-foot mixed-use development located in Scottsdale. The property is home to retail and office tenants including Capital Consultants Management, Company Nurse, Phoenix Photonix, Zipps Sports Grill, Twisted Grove, Melting Pot and Grassroots Kitchen. CJ Osbrink and Derreck Barker of HFF marketed the property on behalf of the seller, Village at Hayden LLC, which is a partnership between AEW Capital Management L.P. and The Muller Co. HFF also procured the buyer, Arizona Partners.

May 23, 2017

California Multifamily Western

Villa Quixote Apartments in Escondido Sells for $11.8M

by Nellie Day May 23, 2017

ESCONDIDO, CALIF. — A family trust has acquired the 78-unit Villa Quixote apartments in Escondido for $11.8 million. The community is located at 400-408 E. Mission Ave. It was built in 1969. Community amenities include controlled-access entry, a swimming pool, spa and covered parking. Christopher Zorbas and Joseph Berkson represented both the buyer and the seller, another family trust, in this transaction.

May 23, 2017

Industrial Texas

Wilson & Stonaker Acquires 334,082 SF Industrial Business Park in Fort Worth

by Taylor Williams May 23, 2017

FORT WORTH, TEXAS — Wilson & Stonaker LLLC, a Texas-based investment firm, has acquired Northbrook Business Center, a four-building 334,082-square-foot industrial business park located at 1001 NE Loop 820 in Fort Worth. Jeff Givens and Sarah LanCarte of Transwestern represented the seller, Fort Worth Northbrook Ltd., which sold the asset for an undisclosed price. The property was 85 percent occupied at the time of sale.

May 23, 2017

Multifamily Texas

Marcus & Millichap Arranges Sale of 344-Unit Apartment Community in San Antonio

by Taylor Williams May 23, 2017

SAN ANTONIO — Marcus & Millichap has arranged the sale of Parc 410, a 344-unit apartment community in San Antonio. Located at 5827 NW Loop 410, the property features two pools, an on-site laundry facility and a business center. Will Balthrope and Jordan Featherston of Marcus & Millichap represented the seller and procured the buyer in the transaction.

May 23, 2017

Industrial Texas

Lee & Associates Negotiates 69,047 SF Industrial Lease in Dallas

by Taylor Williams May 23, 2017

DALLAS — Lee & Associates has negotiated a 69,047-square-foot industrial lease at 11025-11035 Switzer Ave. in Dallas. Brett Lewis, Ken Wesson and George Tanghongs of Lee & Associates represented the landlord, Colony Northstar, in the lease negotiations. The name and representative of the tenant were not disclosed.

May 23, 2017

Hospitality Midwest Wisconsin

Waterton to Manage Sheraton Madison Hotel in Madison, Wisconsin

by Kristin Harlow May 23, 2017

MADISON, WIS. — Waterton will manage the Sheraton Madison Hotel following the company’s recent sale of the property. The hotel’s new owner, DeFoor Brothers Development, purchased the property from a joint venture of Waterton and Marcus Hotels & Resorts, its previous manager. Located at 706 John Nolen Drive, the eight-story Sheraton is 2.5 miles from the University of Wisconsin-Madison campus. Built in 1972, the Sheraton will undergo a multimillion-dollar renovation that will update both guestrooms and corridors. The initial phase is scheduled to begin in August, with completion slated for late 2017. A subsequent phase in early 2018 will update the lobby, restaurant and bar areas. Hotel amenities include an indoor pool and whirlpool/hot tub, fitness center, computer workstations and Sheraton Club Lounge.

May 23, 2017

Illinois Industrial Midwest

ML Realty Partners Leases 77,450 SF Industrial Space in Des Plaines, Illinois

by Kristin Harlow May 23, 2017

DES PLAINES, ILL. — ML Realty Partners has leased a 77,450-square-foot industrial space for Gebrüder Weiss Inc. in Des Plaines, a suburb of Chicago. The European-based transportation and logistics company will occupy the warehouse space located at 251 Wille Road. The property features 30-foot clear heights and access to several major highways. Jack Brennan of CBRE represented Gebrüder Weiss in the lease transaction, while Tom Rodeno and Matthew Stauber of Colliers represented the landlord, ML Realty Partners.

May 23, 2017

Midwest North Dakota Retail

Marcus & Millichap Brokers $3.4M Sale of Retail Property Net Leased to Wells Fargo in Minot, North Dakota

by Kristin Harlow May 23, 2017

MINOT, N.D. — Marcus & Millichap has brokered the sale of a retail property net leased to Wells Fargo in Minot, located in north central North Dakota, for $3.4 million. The property is located at 3106 16th St. Chris Lind, Jamie Medress and Mark Ruble of Marcus & Millichap secured and represented the buyer, a limited liability company.

May 23, 2017

Retail Texas

SRS Brokers $24.5M Sale of 174,484 SF Shopping Center in Plano

by Taylor Williams May 22, 2017

PLANO, TEXAS — SRS Investment Properties Group has brokered the $24.5 million sale of Creekwalk Village, a 174,484-square-foot shopping center in Plano. Chris Tramontano and John Redfield of SRS represented both the undisclosed seller and the buyer, a private investor based on the East Coast, in the transaction. The center is currently leased to tenants such as Bed Bath & Beyond, Old Navy and Barnes & Noble.

May 22, 2017

Retail Texas

Marcus & Millichap Negotiates Sale of 19,053 SF Retail Asset in Katy

by Taylor Williams May 22, 2017

KATY, TEXAS — Marcus & Millichap has arranged the sale of Star Plaza, a 19,053-square-foot retail property located at 5803 N. Fry Road in Katy. Gus Lagos and Alex Bouchard of Marcus & Millichap represented the seller and procured the buyer, neither of which was disclosed. The asset had a list price of roughly $2.9 million.

May 22, 2017

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