REBusinessOnline

ABS National Business Parks Purchases Gardens Plaza Mixed-Use Property in West Palm Beach for $30.6M

WEST PALM BEACH, FLA. — ABS National Business Parks has purchased Gardens Plaza, a mixed-use campus in West Palm Beach that comprises of a nine-story office tower, two-story medical office building and a development pad. The locally based developer, Stiles, sold the property for $30.5 million.Gardens Plaza is located on the south side of PGA Boulevard, adjacent to Gardens Mall and less than one mile east of Interstate 95. The property was 85 percent leased at the time of sale to a variety …

JLL Brokers $20M Sale of Kroger-Anchored Shopping Center in Metro Atlanta

TUCKER, GA. — JLL Capital Markets has brokered the $20 million sale of Cofer Crossing, a 136,139-square-foot shopping center located 20 miles outside of Atlanta in Tucker. Kroger and HomeGoods anchor the fully leased center.Jim Hamilton, Brad Buchanan and Taylor Callaway of JLL represented the seller, a partnership between Site Centers Corp. and Madison International Realty. A private buyer based in Ontario, Calif., acquired the asset in a 1031 exchange. Hanley Investment Group’s Ed …

Limestone, Orion Sell Tampa Bay Retail, Office Center for $5.3M

ST. PETERSBURG, FLA. — Limestone Asset Management, via a joint venture with its parent company Orion Real Estate Group, has sold a 23,031-square-foot retail and office center in the Tampa Bay area for $5.3 million. Located at 1914 4th St. N in St. Petersburg, the property was 100 percent leased at the time of sale to six tenants, including Outback Steakhouse and Panera Bread.Ben Mallah of Equity Management Partners Inc. purchased the property in a 1031 exchange. Mark Shellabarger and Ari …

Dogwood Industrial Acquires Two Properties Totaling 600,000 SF in West Dallas

DALLAS — Dogwood Industrial Partners, a division of San Francisco-based TPG Real Estate Partners, has acquired Turnpike 3 and Turnpike 4, two industrial properties totaling approximately 600,000 square feet in West Dallas. The buildings are located along the Interstate 30 corridor. Locally based development and investment firm Billingsley Co. sold the assets to Dogwood Industrial for an undisclosed price. Dallas-based Holt Lunsford Commercial brokered the

The Multifamily Group Arranges Sale of 144-Unit Community in White Settlement, Texas

WHITE SETTLEMENT, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has arranged the sale of Sky Landing, an apartment community located in the western Fort Worth suburb of White Settlement that was built in 1968. According to Apartments.com, the property totals 144 units and offers amenities such as a sports court and onsite laundry facilities. Jon Krebbs of TMG represented the buyer and seller, both of which requested anonymity, in the

Siegel Group Nevada Acquires Former Amerihome Inn & Suites Hotel in Houston

HOUSTON — The Siegel Group Nevada Inc. has acquired a former Amerihome Inn & Suites hotel in Houston. The three-story building was originally constructed in 1983 and spans 110,700 square feet. The company plans to renovate and rebrand the property under its Siegel Suites flagship hospitality brand, which features fully furnished apartment-style units with full kitchens. Capital improvements will include upgrades to floors, cabinets, furniture, appliances, windows and

29th Street Capital Acquires 280-Unit Apartment Community in Overland Park, Kansas

OVERLAND PARK, KAN. — 29th Street Capital (29SC) has acquired 79 Metcalf Apartments in Overland Park for an undisclosed price. The purchase marks the firm’s first multifamily acquisition in the Kansas City metro area. Built in 1984, 79 Metcalf Apartments is a 280-unit, Class C community. 29SC plans to fully renovate all units, enhance amenities and install new exterior siding. Haven Residential, 29SC’s in-house property management service, will oversee management and leasing. The seller …

SVN Brokers $6.7M Sale of Apartment Asset in Medina, Ohio

MEDINA, OHIO — SVN Summit Commercial Real Estate Advisors has brokered the $6.7 million sale of Jefferson Villa Apartments in Medina, about 33 miles south of Cleveland. The garden-style, luxury apartment property features 60 units and is located on the corner of North Jefferson Street and Reagan Parkway. The community was fully occupied at the time of sale. Jerry Fiume of SVN brokered the sale. A local investor sold the asset to CR Medina

Venture One, Kovitz Acquire 17-Acre Industrial Outdoor Storage Facility in Philadelphia

PHILADELPHIA — A partnership between Chicago-based investment firm Venture One Real Estate and investment advisory firm Kovitz Investment Group has acquired a 17-acre industrial outdoor storage facility at 6501 Essington Ave. in Philadelphia. The property, which was fully leased at the time of sale, consists of a 6,575-square-foot freestanding office building and a 34,520–square-foot repair/maintenance facility equipped with 15 drive-in repair bays and floor drains. The site can accommodate …

Barker Pacific Acquires 270,659 SF Bank of America Office Tower in Downtown Las Vegas

LAS VEGAS — Barker Pacific Group, in a joint venture with Positive investment Group, has purchased Bank of America Tower, an office complex located at 300 S. 4th St. in Las Vegas. The acquisition marks Barker Pacific’s entry into the Las Vegas market.The joint venture will rebrand the 270,659-square-foot building as Tower 300 and implement an upgrade program to the common areas.Terms of the acquisition were not released. Alliance Bank provided debt financing for the buyers. Mike …

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