REBusinessOnline

NAI Partners Negotiates Sale of 172,848 SF Distribution Center in Houston

HOUSTON — NAI Partners has negotiated the sale of a distribution center totaling 172,848-square-feet located at 175 Southbelt Industrial Drive in Houston. Clay Pritchett of NAI Partners represented the buyer, TTD Houston Realty LLC, a subsidiary of New England-based online furniture importer and distributor East-West Furniture LLC. The company will relocate its entire operation from the Boston area to Houston. Derek Russell and Larry Gray of Oxford Partners represented the seller, …

Acquisitions, Industrial, Texas

Karr Self-Storage Brokers Sale of 324-Unit Self-Storage Facility in Metro Fort Worth

KENNEDALE, TEXAS — Karr Self-Storage, a division of Marcus & Millichap, has brokered the sale of Kennedale Self Storage, a 324-unit facility in Kennedale, a southeastern suburb of Fort Worth. The drive-up, non-climate-controlled units total 36,810 net rentable square feet. Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller, a private investor who built the property in 1985, in the sale. A Dallas-based self-storage owner/operator purchased the property for …

Acquisitions, Industrial, Self-Storage, Texas

Lee & Associates Arranges Sale of 21,400 SF Industrial Building in Metro Dallas

ROWLETT, TEXAS — Lee & Associates has arranged the sale of a 21,400-square-foot industrial building located at 5201 Grisham Drive in Rowlett, an eastern suburb of Dallas. Taylor Stell, Brett Lewis and George Tanghongs of Lee & Associates represented the seller, Favcon Partners, in the transaction. Other terms of sale were not

Acquisitions, Industrial, Texas

Valley East Management Acquires 141,000 SF Office Complex in Long Island

NEW YORK CITY - Valley East Management has acquired a two-building office complex located at 100 Merrick Road within Rockville Centre in Long Island. A New York investment advisory firm sold the asset for an undisclosed price. The 141,000-square-foot complex features an on-site café, tenant storage and on-site parking. At the time of sale, the property was 93 percent leased to a variety of tenants in the legal services, medical/healthcare and accounting industries. Jose Cruz, Kevin O'Hearn, …

Acquisitions, New York, Northeast, Office

Angel Commercial Negotiates $8.2M Sale of Two Office Buildings in Fairfield, Connecticut

FAIRFIELD, CONN. - Angel Commercial has arranged the sale of two adjacent office buildings located at 328 and 338 Commerce Drive in Fairfield. CDR-328 LLC acquired the properties from 328 Commerce Drive LLC and 338 Commerce Drive LLC for $8.2 million. Situated on 1.9 acres, the properties total 48,958 square feet of office space. Angel Commercial solely handled the off-market

Acquisitions, Connecticut, Northeast, Office

Vesper Holdings Acquires Student Housing Property Near UNC Greensboro for $40M

GREENSBORO, N.C. —Vesper Holdings has acquired University Village, a 600-bed student housing community in Greensboro, for $40 million. The name of the seller was not disclosed. The community is located across the street from the main entrance of the University of North Carolina at Greensboro (UNCG). Constructed in 2006, the community includes a mix of two-, three- and four-bedroom floor plans with bed-to-bath parity. Community amenities include a clubhouse, swimming pool, 24-hour fitness …

Acquisitions, Multifamily, North Carolina, Southeast, Student Housing

Marcus & Millichap Arranges $2.7M Office Building Sale in Middletown, New York

MIDDLETOWN, N.Y. - Marcus & Millichap has brokered the sale of an office property located at 220 Crystal Run Road in Middletown. A private investor sold the property to an undisclosed buyer for $2.7 million. Since 1998, Fresenius Dialysis has occupied the 10,000-square-foot building. Michael Lombardi and Steven Schiavello of Marcus & Millichap represented the seller, while Christopher Mitchel and Ryan Moore, also of Marcus & Millichap, represented the buyer in the

Acquisitions, New York, Northeast, Office

Stirling Properties Brokers Sale of 14-Story Office Building Near New Orleans

METAIRIE, LA. — Stirling Properties has brokered the sale of The Executive Office Tower, a 184,608-square-foot office building located at 3500 N. Causeway Blvd. in Metairie, roughly eight miles northwest of New Orleans. Roger Bajon of Stirling Properties arranged the transaction on behalf of the undisclosed seller. A Dallas-based investor acquired the 14-story building for an undisclosed price. The Executive Office Tower is home to tenants such as Keystone

Acquisitions, Louisiana, Office, Southeast

Colliers Brokers $1.9M Sale of Apartment Property in Paterson, New Jersey

PATERSON, N.J. - Colliers International has arranged the sale of Cooke Mills, an apartment building located at 19 Market St. in Paterson. A private investor purchased the property from an undisclosed seller for $1.9 million, or $135,750 per unit. The three-story building features 14 apartments in a mix of two- and three-bedroom layouts. Jacklene Chesler, Patrick Norris, Matthew Brown and Angelo Vitale of Colliers represented the seller and marketed the transaction in conjunction with Ten-X, an …

Acquisitions, Multifamily, New Jersey, Northeast

NKF Capital Markets Brokers Sale of 100,022 SF Office Property in Portland

PORTLAND, ORE. — NKF Capital Markets has arranged the sale of the historic Towne Storage, an office property located in Portland's Central Eastside submarket. CBRE Global Investors acquired the 100,022-square-foot property for an undisclosed price. Autodesk Inc., an investment-grade credit tenant, occupies property. Nick Kucha and James Childress of NKF Capital Markets represented the seller, Westport Capital

Acquisitions, Office, Oregon, Western