REAL ESTATE

Transwestern brokers two East Bay leases

BY Michael Fickes

Walnut Creek, Calif. — Transwestern has brokered leases on behalf of two retail tenants: 9Round Fitness & Kickboxing and Buon Vino Manufacturing.

9Round Fitness has taken a 1,300-sq.-ft. lease for five years in the Diablo Plaza in San Ramon, Calif. Buon Vino signed a 1,635-sq.-ft. lease for three years at 1545 Locust St. in downtown Walnut Creek, Calif.

Transwestern represented both tenants in the transactions and the landlord at 1545 Locust St. Cornish and Carey Commercial Newmark Knight Frank represented Diablo Plaza and its parent company, Regency Centers.

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REAL ESTATE

Metro PCS expands to Tucson

BY Michael Fickes

Tucson, Ariz. — Metrocom-DBC doing business as Metro PCS is expanding with a new 1,380-sq.-ft. store in Tucson’s Northgate Plaza. The prepaid wireless service provider has 14 stores in California and two in Phoenix. Metro PCS is planning four new stores in Tucson. T-Mobile owns Metro PCS.

Commercial Retail Advisors represented the landlord, TNP SRT Portfolio I, in the transaction. The tenant was self-represented.

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REAL ESTATE

Cleveland-area center sells for $17.79 million

BY Michael Fickes

North Olmsted, Ohio — Marcus & Millichap Real Estate Investment Services has arranged the sale of North Olmsted Towne Center, a 95,446-sq.-ft. shopping center in North Olmsted, Ohio, approximately 17 miles southwest of Cleveland. The selling price was $17.79 million, $186 per square foot.

Towne Center tenants include David’s Bridal, The Tile Shop, Jimmy John’s, La-Z-Boy, Men’s Wearhouse, Moe’s Southwest Grill, Party City and Pearle Vision.

Marcus and Millichap represented the seller, a Cleveland investment group. Wiles, Fuller, Patton advised the buyer, an out-of-state private investor.

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