BioMed, Cresset, Novaya Purchase 162,000 SF Office, Life Sciences Campus in Boston

BOSTON — BioMed Realty, an owner-operator of life sciences real estate, has entered into a partnership with Cresset Development and Boston-based Novaya Real Estate Ventures to acquire the XMBLY Campus at Assembly Square in the Somerville area of Boston. The campus spans 162,000 square feet of office and life sciences space and includes 7.5 acres for additional expansion. The new ownership plans to add lab, research and development and traditional office space. A timeline for construction has …

July 6, 2020Acquisitions, Massachusetts, Northeast, Office

Radco Sells Multifamily Community in Tampa for $42.8M

TAMPA, FLA. — The Radco Cos. has sold Mabry Manor, a 372-unit multifamily community in Tampa, for $42.8 million. The property offers studio, one- and two-bedroom floor plans. Communal amenities include a pool, sundeck, fitness center, clubhouse, fishing lakes with floating deck and fishing pier, coffee bar, laundry facilities and a business center. Radco acquired the asset in 2016 for $20.1 million. The asset is located at 4902 N. Macdill Ave., five miles northwest of downtown Tampa in the …

July 6, 2020Acquisitions, Florida, Multifamily, Southeast

Fairstead Acquires Low-Income Seniors Housing Community in Boca Raton

BOCA RATON, FLA. — Fairstead has acquired Gould House, a 101-unit Section 8 seniors housing community in Boca Raton. The property is located on the Jewish Federation of South Palm Beach County Campus. While the seller and price were not disclosed, Fairstead did unveil plans for a $6 million rehabilitation of the entire complex. The project will include new kitchens, baths, lighting, HVAC, flooring and windows for all apartments, as well as common area improvements to the security systems, …

July 6, 2020Acquisitions, Florida, Multifamily, Seniors Housing, Southeast

Brookfield Properties Acquires 95,440 SF Industrial Facility in West Dallas

DALLAS — New York City-based REIT Brookfield Properties has acquired a 95,440-square-foot industrial facility that is situated on a 15.2-acre site at 4444 Irving Blvd. in West Dallas. The property features a 57,000-square-foot terminal with 118 doors and ample car and trailer parking space. A national transportation company fully leases the asset, according to Brookfield. The seller was not

July 6, 2020Acquisitions, Office, Texas

NAI Capital Negotiates Sale of 15.8-Acre Private School Campus in Chatsworth, California

CHATSWORTH, CALIF. — NAI Capital has arranged the sale of a 15.8-acre private school campus in Chatsworth. Manifest Point LLC acquired the property from Chatsworth Hills Academy for $9 million. Located at 21523 Rinaldi St. in West Fernando Valley, the property includes 16 buildings, totaling approximately 22,000 square feet, a cafeteria, kitchen, swimming pools, soccer fields, basketball courts, secure parking lots with gated access and a two-bed/two-bath headmaster’s house. The asset …

July 6, 2020Acquisitions, California, Civic, Western

NKF Arranges $5.8M Sale of Crossroads at Deer Valley Retail Center in Phoenix

PHOENIX — Newmark Knight Frank (NKF) has brokered the sale of Crossroads at Deer Valley Plaza, a shopping center located at 1838 W. Bell Road in Phoenix. An investment group led by Jeff Geyser sold the property to an undisclosed buyer for $5.8 million. The transaction includes the retail center and two billboards. Built in 2008 and remodeled in 2018, Crossroads at Deer Valley Plaza is fully occupied by a variety of tenants, including Eyeglass World, Wing Stop, L.A. Insurance, Royal Vapor, …

July 6, 2020Acquisitions, Arizona, Retail, Western

Norris & Stevens Brokers $1.4M Office Building Acquisition in Southeast Portland

PORTLAND, ORE. — Norris & Stevens has arranged the purchase of an office building located in Southeast Portland. Confederated Tribes of the Grande Ronde Community of Oregon acquired the property from Portland Limited Partnership for $1.4 million. Located at 3580 SE 82nd Ave., the building features 5,000 square feet of office space. Duane Link of Portland-based Norris & Stevens represented the buyer, while Mark Latimer of CBRE represented the seller in the

July 6, 2020Acquisitions, Office, Oregon, Western

Founders 3 Brokers Sale of Two Wisconsin Office Buildings for $10.1M

WEST ALLIS, WIS. — Founders 3 Real Estate Services has brokered the sale of Lincoln Center II and III in West Allis for a combined $10.1 million. The multi-tenant office buildings total 120,997 square feet. They are located at 2514 S. 102nd St. and 10150 W. National Ave. in suburban Milwaukee. The properties are home to 24 tenants, including Cognex, Verizon Wireless and Eye Care Specialists. Andy Hess, Ned Purtell and Patti Stevens of Founders 3 represented the seller, Lincoln Center Office …

July 6, 2020Acquisitions, Midwest, Office, Wisconsin

Boulder Group Negotiates $3.2M Sale of Property Net Leased to Firestone in Kenosha, Wisconsin

KENOSHA, WIS. — The Boulder Group has negotiated the $3.2 million sale of an 8,010-square-foot property net leased to Firestone in Kenosha in Southeast Wisconsin. The single-tenant building is located at 3190 Market Lane. There are 18 years remaining on Firestone’s lease. Randy Blankstein and Jimmy Goodman of Boulder represented the Midwest-based buyer, which completed a 1031 exchange. A Southwest-based real estate investor was the seller. Firestone handles all aspects of auto

July 6, 2020Acquisitions, Midwest, Retail, Wisconsin

Entre Commercial Realty Brokers Sale of 23,108 SF Industrial Building in South Elgin, Illinois

SOUTH ELGIN, ILL. — Entre Commercial Realty has brokered the sale of a 23,108-square-foot industrial building in South Elgin, about 40 miles west of Chicago. The sales price was undisclosed. The property is located at 320-350 Industrial Drive. It is fully leased to an undisclosed tenant and features six drive-in doors, two docks, recently renovated office space and a new parking lot. Cory Kay and Mike DeSerto of Entre represented the buyer, a private investment group. Bruce Granger of NAI …

July 6, 2020Acquisitions, Illinois, Industrial, Midwest