REBusinessOnline

JLL Negotiates Sale of 164-Unit Multifamily Property in San Antonio

SAN ANTONIO — JLL has negotiated the sale of Whispering Hills, a 164-unit multifamily property located in northeast San Antonio. According to apartments.com, the property was built in 1983 and features one-, two- and three-bedroom units. Amenities include a pool, business center, outdoor picnic areas and a dog park. Moses Siller and Zar Haro of JLL represented the seller, Houston-based Triad Real Estate Consulting Group, in the transaction. The buyer was GVA Pro

Southern Properties Acquires 144-Unit Apartment Community in Beaumont

BEAUMONT, TEXAS — Southern Properties Capital, a subsidiary of Transcontinental Realty Investors Inc. (NYSE: TCI), has acquired Chelsea Apartments, a 144-unit multifamily community in Beaumont. Built in 1999, the property offers one-, two- and three-bedroom units ranging in size from 618 to 1,239 square feet, as well as a pool, business center and a clubhouse. The seller was not

Stonelake Capital Purchases 56,960 SF Industrial Building in Arlington

ARLINGTON, TEXAS — Stonelake Capital Partners, a private equity firm with offices in Austin, Houston and Dallas, has purchased a 56,960-square-foot industrial building located at 616 111th St. in Arlington. According to LoopNet Inc., the property was built in 1981 and features 20-foot clear heights. Mark Graybill and Colton Rhodes of Lee & Associates brokered the deal. The seller was not

Marcus & Millichap Arranges Sale of 64,033 Tract in San Antonio for Self-Storage Development

SAN ANTONIO — Marcus & Millichap has arranged the sale of a 64,033-square-foot land tract at 4616 San Pedro Ave. in San Antonio. According to CoStar Group, the new ownership intends to demolish the existing structures by the end of the year and build a self-storage facility. Jon Danklefs of Marcus & Millichap represented the seller in the land

Newmark Knight Frank Brokers $45.7M Sale of Apartment Complex in Central Florida

SANFORD, FLA. — Newmark Knight Frank Multifamily (NKF) has brokered the $45.7 million sale of Solara, a multifamily community in Sanford, about 20 miles north of Orlando. Scott Ramey, Kevin Judd and Patrick Dufour of NKF represented the seller, a multifamily investment company based in Montgomery, Ala. The buyer was Tampa- and Boston- based Robbins Property Associates. The 272-unit Solara was built in 2014 and features amenities such as a saltwater pool, lounge areas and a club lounge, …

Lantower Residential Acquires 375-Unit Multifamily Community in Charlotte

CHARLOTTE, N.C. — Dallas-based Lantower Residential has acquired Lantower Waverly, a 375-unit apartment community in Charlotte’s Ballantyne neighborhood. The complex is located about 13 miles south of downtown Charlotte, and amenities include a saltwater pool, fitness center, dog park, electric car charging stations and a media center/movie theater. The seller and sales price were

Taconic, TH Real Estate Acquire Office Building in Manhattan for $269M

NEW YORK CITY — A partnership between Taconic Investment Partners LLC and TH Real Estate has acquired 440 Ninth Avenue, a 411,000-square-foot office building in Manhattan, for $269 million. The property, known locally as the Harding Building, is located at Ninth Avenue and West 35th Street near the Hudson Yards mixed-use development on Manhattan’s west side. The 18-story building was originally constructed in 1927 and currently includes retail space. The seller was UNIZO Holdings Co. …

Marcus & Millichap Brokers Sale of 50,590 SF Retail Property in Delaware

MILLSBORO, DEL. — Marcus & Millichap has brokered the sale of Nanticoke Crossing, a 50,590-square-foot retail property in Millsboro. The sales price was undisclosed. The fully occupied property is anchored by supermarket chain Weis Markets. Nanticoke Crossing was the first shopping center developed along the John G. Williams Highway retail corridor in Millsboro. Chris Burnham and Dean Zang of Marcus & Millichap represented the seller, a local family, in the transaction. The buyer was …

Cushman & Wakefield Arranges Sale of 151-Unit Apartment Property in Indianapolis

INDIANAPOLIS — Cushman & Wakefield has arranged the sale of The Coil Apartments in Indianapolis for an undisclosed price. The 151-unit apartment property, located at 6349 N. College Ave., includes a 33,500-square-foot retail space occupied by Fresh Thyme Farmers Market. Todd Stofflet, Jason Stevens and Susan Tjarksen of Cushman & Wakefield represented the sellers, Sheehan Cos. and Browning Investments. RDG Funds purchased the

Essex Brokers Sale of Apartment Building in Chicago for $24.5M

CHICAGO — Essex Realty Group Inc. has brokered the sale of The Northland Apartments in Chicago’s Old Town neighborhood for $24.5 million. The luxury apartment building comprises 60 units and one restaurant, Two Lights Seafood & Oyster. Amenities include a dog run and rooftop deck. Monthly rents start at $1,700. Jim Darrow and Jordan Gottlieb of Essex represented the seller, local developer JAB Real Estate. Kate Verde of Essex represented the out-of-state buyer who was completing a 1031 …

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