REBusinessOnline

Marcus & Millichap Brokers $15.9M Sale of Shopping Center in South Daytona, Florida

SOUTH DAYTONA, FLA. — Marcus & Millichap has brokered the $15.9 million sale of Sunshine Plaza, a shopping center in South Daytona. Built in 1970 and renovated in 2002, the 280,000-square-foot shopping center is anchored by Publix and All Aboard Storage. The fully occupied property has about 52 tenants. The center includes both open-air and indoor mall space on approximately 25 acres.Tim Giambrone and Al Taf of Marcus & Millichap represented the seller, 2400 Ridgewood LLC based in …

JLL Arranges Sale of 156,825 SF Distribution Facility in Metro Memphis

SOUTHAVEN, MISS. — JLL Capital Markets has arranged the sale of Southaven Distribution Center I, a fully leased, 156,825-square-foot, Class A distribution facility in Southaven, a Memphis suburb situated on the Tennessee-Mississippi border.Completed in 2020, Southaven Distribution Center I features tilt-wall construction, 32-foot clear heights, 28 loading positions, ESFR fire protection and office space. The property was fully leased to three tenants at the time of sale.Dennis …

IPA Negotiates Sale of 361-Unit Mark Huebner Oaks Apartments in San Antonio

SAN ANTONIO — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Mark Huebner Oaks, a 361-unit apartment community in San Antonio. Built in 2018, the property offers one-, two- and three-bedroom units with an average size of 885 square feet. Amenities include a pool, rooftop terrace, golf simulator and a pet salon. Will Balthrope and Drew Garza of IPA represented the seller and developer, an affiliate of Bryan, Texas-based Godfrey …

Sealy & Co. Buys 353,559 SF Beltway 8 Business Center in Southwest Houston

HOUSTON — Sealy & Co., an owner-operator with corporate offices in Dallas and Shreveport, La., has purchased Beltway 8 Business Center, a 353,559-square-foot industrial development in Houston. The seven-building property is located on the city’s southwest side near the intersection of Beltway 8 and State Highway 59. Trent Agnew of JLL represented the undisclosed seller in the transaction. Jason Gandy and Davis Gibbs represented Sealy & Co. on an internal

JLL Brokers $43.5M Sale of Vincent Woods Apartments in Rogers, Minnesota

ROGERS, MINN. — JLL Capital Markets has brokered the $43.5 million sale of Vincent Woods Apartments in the Twin Cities suburb of Rogers. Completed in 2020, the Class A apartment community is comprised of 168 units that average 862 square feet. Amenities include a community room, patio terrace, fitness center, dog park, parcel storage system, heated underground parking and access to walking trails. Dan Linnell, Mox Gunderson, Josh Talberg and Adam Haydon of JLL represented the seller, Trident …

Hanley Investment Group Arranges Sale of Two-Tenant Retail Property in Columbus

COLUMBUS, OHIO — Hanley Investment Group Real Estate Advisors has arranged the sale of a two-tenant retail property spanning 118,161 square feet in Columbus for an undisclosed price. The property, located within the Mill Run Square shopping center, is home to Floor & Décor and Arhaus. Eric Wohl and CJ Kiehler of Hanley, in association with ParaSell Inc., represented the seller, an affiliate of Atlanta-based RCG Ventures. Mark Luttner of Luttner Passov Investment Group represented the …

ML Realty Partners Acquires 65,003 SF Industrial Property in Addison, Illinois

ADDISON, ILL. — ML Realty Partners has acquired a fully leased industrial building located at 2105 Corporate Drive in Addison, about 20 miles west of Chicago. The purchase price was undisclosed. Occupied by Huskie Tools LLC and Shape LLC, the 65,003-square-foot building is located near I-355. Huskie Tools provides hydraulic cutting and compression tools for utility linemen and professional electrical contractors. Shape is a global provider of custom transformers, magnetic assemblies and …

ZMR Capital Acquires The Julia Multifamily Property in Mesa for $90.1M

MESA, ARIZ. — Tampa-based ZMR Capital has purchased The Julia, an apartment community located at 546 S. Country Club Road in Mesa, for $90.1 million. The name of the seller was not released.Originally developed in 1986, The Julia features 320 apartments. The previous owners upgraded 153 units, and ZMR plans to renovate the remaining units with upgraded counter tops and cabinets, stainless steel appliances, tile backsplashes, plank flooring and modern light

Brookfield Properties Buys 255,000 SF Industrial Building in La Mirada, California

LA MIRADA, CALIF. — Brookfield Properties has purchased an industrial property located at 14555 Alondra Blvd. in La Mirada. Interstate 5 Firestone sold the asset for an undisclosed price.Originally built in 1969 and completed in 2016, the 255,000-square-foot property features more than 11,000 square feet of office space, substantial storage facilities, 22-foot clear heights, a concrete-fenced yard and oversized truck doors. The property also features an on-site truck washdown and a …

Norvin Healthcare Properties Purchases 60,000 SF Post-Acute Facility in Golden, Colorado

GOLDEN, COLO. — Norvin Healthcare Properties has acquired Post Acute Medical Rehabilitation Hospital of Golden from Golden Senior Housing I Propco LLC for an undisclosed price.Post Acute Medical (PAM) occupies the 60,000-square-foot in-patient rehabilitation facility, located at 600 Golden Ridge Road. PAM is currently completing a $4.2 million renovation of the building, which will expand the capacity of the facility to 60 rehabilitation beds.Chris Bodnar, Lee Asher, Ryan Lindsley and …

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