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Phoenix Investors Acquires 760,000 SF Industrial Plant in Lynchburg, Virginia

LYNCHBURG, VA. — Phoenix Investors has acquired the former LSC Communications Printing Co. Inc. plant in Lynchburg. The 760,000-square-foot property is situated on 50 acres at 4201 Murray Place. The asset features 32 dock doors, 62 slots for trailer storage, 523 passenger parking spots, eight drive-in doors and two interior rail spurs supported by Norfolk Southern.The property has sat vacant since LSC filed for Chapter 11 bankruptcy after the U.S. Department of Justice blocked a proposed …

Berkadia Negotiates $33.3M Sale of Multifamily Community in North Charleston

NORTH CHARLESTON, S.C. — Berkadia has negotiated the $33.3 million sale of Palmetto Creek Townhomes, a 260-unit multifamily community in North Charleston. The property offers one-, two- and three-bedroom floor plans, 75 percent of which were recently renovated. According to Apartments.com, rents range from $1,000 per month to $1,175. Communal amenities include a pool, fitness center, playground and a grilling area. Palmetto Creek is situated at 3311 Mountainbrook Ave., 16 miles northwest of …

JLL Arranges $26.3M Sale of Publix-Anchored Shopping Center in Metro Orlando

KISSIMMEE, FLA. — JLL has arranged the $26.3 million sale of Osceola Village, a 122,845-square-foot, Publix-anchored shopping center in Kissimmee. The center, which was delivered in 2008, was 82 percent leased at the time of sale to tenants including DaVita Kidney Care, Orlando Health and Visionworks. The asset is situated on 20 acres at 3040 Dyer Blvd., 22 miles south of downtown Orlando. Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented the seller, an affiliate of …

Colliers Negotiates Sale of 230-Unit Ridge at Trinity Apartments in Southeast Dallas

DALLAS — Colliers International has negotiated the sale of Ridge at Trinity Apartments, a 230-unit affordable housing community in southeast Dallas. The property, which consists of 19 buildings on 17.4 acres, was built in 1970 and renovated between 2015 and 2019. Amenities include a leasing office, onsite laundry facilities and open green spaces with playgrounds. Mark Allen and Courtland Charles of Colliers represented the seller, affordable housing owner-operator Hope Housing, in the …

NAI Partners Brokers Sale of 50,000 SF Industrial Building in South Austin

AUSTIN, TEXAS — NAI Partners has brokered the sale of a 50,000-square-foot industrial building located at 4401 Supply Court in South Austin. Troy Martin of NAI Partners represented the buyer, CKD USA, the U.S. subsidiary of Japanese machine manufacturing firm CKD Corp. Joe Novek and Darryl Dadon of CBRE represented the seller. The new ownership plans to invest about $13 million in revamping the facility, which is expected to be operational in fall 2021 and bring about 70 new jobs to the

JLL Brokers $5.1M Sale of CVS Ground Lease in Schaumburg, Illinois

SCHAUMBURG, ILL. — JLL Capital Markets has brokered the $5.1 million sale of a CVS Pharmacy ground lease in the Chicago-area community of Schaumburg. Completed in 2005, the single-tenant building spans 13,180 square feet. It is situated on 1.8 acres at 1855 W. Irving Park Road. Alex Sharrin and Alex Geanakos of JLL represented the seller, a New York-based, high-net worth individual. A California-based DST provider purchased the asset. CVS operates roughly 9,000 locations nationwide and all …

Bass Pro Shops to Expand Boat Manufacturing Division with Purchase of 101,250 SF Building in Missouri

BOLIVAR, MO. — White River Marine Group, which is owned by Bass Pro Shops, has purchased a 101,250-square-foot industrial building situated on 42 acres in Bolivar, about 30 miles north of Springfield. The purchase price was undisclosed. Todd Chambers of Chambers Real Estate Services LLC represented the undisclosed seller. The purchase will double the manufacturing capabilities for Bass in Bolivar where Tracker Boats are built. The company plans to add 300 jobs at the new

Boulder Group Arranges $1.6M Sale of ATI Physical Therapy-Occupied Property in Grayslake, Illinois

GRAYSLAKE, ILL. — The Boulder Group has arranged the $1.6 million sale of a single-tenant, net-leased property occupied by ATI Physical Therapy in Grayslake, about 40 miles north of Chicago. The 3,942-square-foot building is located at 500 Center St. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a private real estate developer. A Midwest-based buyer purchased the asset. ATI has a new 10-year lease at the property. The physical therapy company maintains 823 locations …

CBRE Global Investors Acquires 832,000 SF Industrial Facility in Myerstown, Pennsylvania

MYERSTOWN, PA. — A fund sponsored by CBRE Global Investors has acquired an 832,000-square-foot industrial facility located at 53 Central Blvd. in Myerstown, a city located within Lebanon County. The cross-dock building, which was acquired as part of a 1.4 million-square-foot portfolio sale, is situated on 72.8 acres and features 36-foot clear heights, 190-foot truck court depths and an ESFR sprinkler system. Michael Hines, Brian Fiumara, Brad Ruppel and Lauren Dawicki of CBRE marketed the …

Mack-Cali Sells 154,820 SF Office Building in Parsippany, New Jersey, for $12.7M

PARSIPPANY, N.J. — Mack-Cali Realty Corp. (NYSE: CLI) has sold 7 Campus Drive, a 154,820-square-foot office building located in the Northern New Jersey city of Parsippany, for $12.7 million. According to commercialcafé.com, the property was built on 10 acres in 1982. The buyer was The Birch

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