All in Far NE Heights

3.2 Acres of Land on Paseo del Norte Purchased by MVG Development and Morningstar Senior Living

One of the last remaining commercial land parcels in the east Paseo del Norte corridor has been sold to a Denver-based development partnership between MVG Development and MorningStar Senior Living.  The 3.2 acre property, located at just east of Wyoming Blvd on the south side of Paseo del Norte, is one of the largest contiguous parcels in the immediate area and is desirable due to its visibility and proximity to a high density of medium income households.

New City Church to Move to Far North Shopping Center

Albuquerque Commerical Real Estate - New Lease!

New City Church will have a new home soon at Far North Shopping Center, located at 6300 San Mateo NE. New City will be leasing a 7,846 square foot space in the corner of the shopping center, previously occupied by retailer, Tuesday Morning. The location is ideal as it will provide New City with an expanded sanctuary area, along with meeting and educational space designed to serve its members. 

The 24,710+/- square foot, freestanding retail building located at 4900 Menaul NE has been acquired by Habitat for Humanity for its ReStore operation. ReStore will be moving from its current location at 200 San Mateo SE, where it has resided since 2003. The new Menaul location will provide ReStore with a larger showroom/warehouse space and extensive exposure from Menaul Blvd. 

The  Ransom-With Team initially sold the building in 2006 for the Westfall family (former owners of Allied School and Office Products) to retailer, Learning is Fun, which specialized in the sale of children's learning and teaching supplies. 

The 4900 Menaul NE property was listed by the Ransom-With Team and ReStore was represented by Mark Edwards of Edwards Commercial Realty.  Wells Fargo was the primary lender for the buyer in the transaction. The property was listed for $2,025,000 ($82/SF).

The 23,000+/- square foot Minato Square, located at 10701 & 10721 Montgomery NE, closed escrow last week. The property consists of a 17,211 square feet of multi-tenant office building and a 6,379 square foot, free-standing restaurant that is currently leased to Pacific Rim. The transaction was very complex due to the multi-tenant nature of the project and the fact that the buyer...