HOUSTON — Colliers International Inc. has arranged the sale of a retail center located at 9335 Gulf Freeway in south Houston. Built in 2004, the strip center features 7,500 square feet of gross leasable space. Jason Tangen of Colliers represented the seller, a Hawaii-based private investor, in the transaction. At the time of sale, the property was 85 percent leased with a T-Mobile location on the end-cap.
ALLEN, TEXAS — Marcus & Millichap has brokered the sale of Texas Star Assisted Living, an 87-unit, 95-bed assisted living and memory care community located at 650 S. Greenville Ave. in Allen. Doug O’Toole of Marcus & Millichap represented the buyer, a national owner/operator of seniors housing properties, in the transaction. Nathan Tune of Coldwell Banker represented the seller, a Texas-based developer.
ARLINGTON, TEXAS — Stream Realty Partners has negotiated a 37,896-square-foot lease on behalf of Restaurant Services Inc., a supply chain management firm, at 700 106th St., a 43,329-square-foot industrial property in Arlington. Eric Crutchfield, Ryan Boozer and Sarah Ozanne of Stream Realty represented the landlord, Checkerprop Texas 700 106th Street LLC, in the transaction. Ozanne and Luke Davis, also with Stream Realty, represented the tenant.
GLENDALE HEIGHTS, ILL. — The Boulder Group has brokered the sale of a retail strip center anchored by Target in Glendale Heights for $3.3 million. The 5,000-square-foot building is located at 177-179 West Army Trail Road. Sleep Number and Union Bank occupy the property, which is an outparcel to the 166,000-square-foot Target store. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, a Midwest-based private real estate investor in a 1031 exchange. A national real estate developer was the seller.
GRAND RAPIDS, MICH. — NAI Wisinski of West Michigan has assisted The Ruse Escape Rooms in securing a 3,446 square-feet retail location in downtown Grand Rapids. Escape rooms are a form of interactive entertainment with engaging puzzles and challenges that promote creative thinking, teamwork and communication. The venue will occupy space on the first floor at 25 S. Division Ave. Doug Taatjes, Hillary Taatjes Woznick and Kurt Kunst of NAI Wisinski arranged the sale of the retail condo for Ruse Escape Rooms owners Steve Myers and Bill Wiegandt. The space is currently being renovated for The Ruse, which will open this fall. The seller was a local developer. “At the heart of downtown Grand Rapids and walking distance from restaurants, breweries and hotels, The Ruse is the new choice for entertainment in the city. The space is full of character and provides the perfect setting for an immersive escape room experience,” says Wiegandt.
TROY, MICH. — Super Fair Cellular Inc. has renewed its 38,400-square-foot industrial lease in Troy. The building is located at 1352-1374 Rankin Road. John Boyd, Paul Hoge and Kris Pawlowski of Signature Associates represented the landlord, Iron Point Troy Industrial, in the lease transaction. Super Fair Cellular is a telecommunications equipment supplier based in Troy.
SANTA CLARITA, CALIF. — In an off-market transaction, Colliers International has negotiated the $69.5 million sale of Gateway Village Shopping Center in Santa Clarita. Michelle Schierberl and Donald Ellis of Colliers’ Irvine office brought the center’s seller, JH Real Estate Partners, and the buyer, private investment group Galois Group, together in the transaction. Built in 2005 and located at 28207-28313 Newhall Ranch Road, the 153,686-square-foot center is 95 percent occupied with one vacant space. Anchor tenants include LA Fitness, Smart & Final Extra, Coffee Bean & Tea, The Habit, US Bank and Lindora Medical.
RENO, NEV. — Horizon Realty Advisors LLC has acquired the 250-unit Woodside Village in Reno has sold to for an undisclosed sum. The community is located at 4800 Kietzke Lane. It is situated across the street from the Reno-Sparks Convention Center. Kenneth Blomsterberg, Ryan Rife and Benjamin Nelson of Marcus & Millichap represented the buyer and seller, Woodside Village Opco LLC, in this transaction.
CARROLLTON, TEXAS — Lee & Associates has negotiated a 52,250-square-foot lease at 1255 Champion Circle, an industrial property in Carrollton, on behalf of Value Lighting, a Georgia-based light fixture distributor. Nathan Denton of Lee & Associates represented the tenant in the transaction. Steve Trese and Wilson Brown of CBRE represented the landlord, Stonelake Capital Partners.
HOUSTON — JLL has negotiated a 43,000-square-foot industrial sublease at Beltway Crossing Park in Houston on behalf of the subtenant, American Door Products Inc. Located at 7505 Bluff Point Drive, Beltway Crossing Park is an 86,823-square-foot industrial property that features dock-high and grade-level loading doors and 24-foot clear heights. David Buescher of JLL represented American Door Products Inc. in the lease transaction. Walker Barnett and Patrick Sentner of Colliers represented the sublandlord, The Newdell Co., a Houston-based valve manufacturer.
