REBusinessOnline

Marcus & Millichap Brokers $35.3M Sale of FedEx Freight Center in Atlanta

ATLANTA — Marcus & Millichap has brokered the $35.3 million sale of a FedEx Freight facility located at 4400 International Parkway in Atlanta, a half-mile from Hartsfield-Jackson Atlanta International Airport. The 292,000-square-foot facility is situated on 50 acres and was constructed in 1997. Todd Harrell of Marcus & Millichap arranged the transaction on behalf of the undisclosed seller and procured the buyer, a private equity real estate operator. Harrell also arranged the sale of …

Besyata Investment, The Scharf Group Purchase Apartment Community in Denver for $65.5M

DENVER, COLO. — Besyata Investment Group and The Scharf Group have acquired One Dartmouth Place, an apartment community located in Southeast Denver, for $65.5 million. The seller was not disclosed. BH Management will handle the day-to-day property management and leasing of the 418-unit

Bascom Group Acquires 235-Unit Apartment Community in Southern California for $75.3M

OXNARD, CALIF. — The Bascom Group LLC has acquired Tempo at RiverPark Apartments, a 235-unit multifamily property in the Southern California community of Oxnard, for $75.3 million. Constructed in 2016, the community is located within RiverPark, a 704-acre master-planned development that is home to residential units, elementary and middle schools, retail and entertainment options, community parks, jogging trails pedestrian paths, and playgrounds. In addition, Tempo at RiverPark is situated …

Passco Buys Multifamily Community North of Atlanta for $68.9M

DULUTH, GA. — Passco Cos. has acquired Merritt at Sugarloaf, a 424-unit apartment community in Duluth, for $68.9 million. The property is located at 2951 Satellite Blvd. N.W., roughly 30 miles north of Atlanta. Paul Berry and Shea Campbell of CBRE arranged the transaction on behalf of the seller, an affiliate of Boston-based Roseview Group. Chris Black and Caleb Marten of KeyBank Real Estate Capital arranged acquisition financing for the asset on behalf of Passco. Constructed in 1999, …

Atlanta Property Group Acquires 150,000 SF Office Building in Alpharetta for $18.5M

ALPHARETTA, GA. — Atlanta Property Group (APG) has acquired One Point Royal, a 150,000-square-foot office building located at 4400 N. Point Parkway in Alpharetta, roughly 27 miles north of downtown Atlanta. The Atlanta Business Chronicle reports Tfo Reva Oa Opr LLC sold the building for $18.5 million. Samir Idris of Cushman & Wakefield arranged the transaction on behalf of the seller. The two-story building was constructed in 1996 and was 92 percent leased at the time of sale to 12 …

Transwestern Secures 60,402 SF Lease for Newell Brands at Office Park in Metro Atlanta

SANDY SPRINGS, GA. — Transwestern has secured a 60,402-square-foot lease for Newell Brands Inc. at Morgan Falls Office Park, a five-building office complex located at 7840 Roswell Road in Sandy Springs, roughly 15 miles north of downtown Atlanta. Newell Brands, a Hoboken, N.J.-based marketer of consumer and commercial brands including Yankee Candle, Rubbermaid and Sharpie, will occupy almost all of Building 100. The lease brings the recently renovated building to full occupancy. Jeff Taylor …

Colliers Brokers Sale of 472,284 SF Distribution Center in West Dallas

DALLAS — Colliers International has brokered the sale of a 472,284-square-foot distribution center located at 2020 Singleton Road in west Dallas. The rail-served property offers convenient access to Interstates 30 and 35 and the Dallas North Tollway. Chris Teesdale and Tom Pearson of Colliers International represented the seller, an Ohio-based freight and logistics firm, in the transaction. Teesdale and Pearons also procured the buyer, 2020 Singleton Blvd.

Eleven Food and Beverage Concepts Opening This Month at Toyota Music Factory in Irving

IRVING, TEXAS — Eleven new food-and-drink-based concepts will open this month at Toyota Music Factory, an entertainment destination located within the Las Colinas district in Irving. New restaurants include Highway 61 South, a barbecue restaurant; Kabuki, a Japanese restaurant; and Texas Jam House, an eatery specializing in Southern cuisine. Night club Martini Ranch and frozen fruit bar Pop Factory by Maxfrut, among others, will also open stores within the destination, which will ultimately …

Basketball-Focused Fitness Chain Opens 16,936 SF Gym in Metro Dallas

COPPELL, TEXAS — PickUp USA Fitness, a fitness chain dedicated to basketball, has opened a 16,936-square-foot gym at Sandy Lake Business Center in Coppell, a northwestern suburb of Dallas. The location was formerly leased to a Taekwondo studio. The gym will feature weights and cardio machines in addition to numerous courts for pick-up games. Private lessons and classes are also available. Allyson Yost and Cole Hooper of Colliers International represented Mosely Basketball, the franchise …

SVN | Chicago Brokers $1.4M Sale of Industrial Building in Lisle, Illinois

LISLE, ILL. — SVN | Chicago Commercial has brokered the $1.4 million sale of a 22,839-square-foot industrial building in Lisle. The property is located at 1958 University Lane. John McDermott and Aidan Bowe of SVN represented the buyer, a Michigan-based electrical motor

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