Acquisitions

CHATTANOOGA, TENN. — Matthews has arranged the sale of a 574-unit self-storage facility located at 606 Manufacturers Road in Chattanooga’s Northshore neighborhood. Extra Space Storage manages the property, which was built in 2021 and offers 75,520 square feet of rentable climate-controlled space. Austin McLeod and Hunter Reynolds of Matthews represented the seller, an unnamed developer, in the transaction. The buyer, a private equity firm based in New York and repeat client of Matthews, purchased the property for an undisclosed price. The facility was 95 percent occupied at the time of sale.

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SOUTH SAN FRANCISCO, CALIF. — Greensboro, N.C.-based Bell Partners has acquired Bell South City West, a 195-unit multifamily community in South San Francisco. According to the San Francisco Business Times, the sales price was $130 million. Sares Regis Group of Northern California and an institutional equity partner sold the property, which was formerly known as Celeste. Berkadia represented the seller in the transaction.

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HORSEHEADS, N.Y. — New York-based investment firm United Properties Corp. has purchased Southern Tier Crossing, an 84,000-square-foot shopping center in Horseheads, located in the southern-central part of the state. The sales price was $13.5 million. According to information on the website of Nashville-based brokerage firm Matthews, the center was built in 2008 and is home to tenants such as Burlington, PetSmart, ULTA and Five Below. The seller was not disclosed.

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NEW YORK CITY — Local brokerage firm TerraCRG has arranged the $8.6 million sale of a multi-level retail building in the Williamsburg area of Brooklyn. The building at 76 Ainslie St., which according to LoopNet Inc. was constructed in 1974, totals 9,084 square feet across three levels. Daniel Lebor, Dan Marks and Thomas Horrigan of TerraCRG brokered the deal. The buyer and seller were not disclosed.

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WHITESTOWN, IND. — JLL Capital Markets has negotiated the sale of Subaru at Park 267, a 1.1 million-square-foot distribution facility in the Indianapolis suburb of Whitestown. John Huguenard, Ed Halaburt, Ross Bratcher and Cameron Chandra of JLL represented the seller, a joint venture between Prologis and Browning. LaSalle Investment Management acquired the asset. Browning’s construction division constructed the build-to-suit development in 2024. The facility is fully leased to Subaru of America Inc. and serves as the largest distribution center within its nine-facility national network. The property features a clear height of 40 feet, 108 dock-high doors, four drive-in doors, cross-dock configuration with 135 feet of truck court depth and LEED Silver certification. The site includes 342 automobile parking spaces and 100 trailer parking spaces across 69.7 acres.

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CHICAGO — Interra Realty has brokered the $6 million sale of 6500 N. Claremont Ave., a 32-unit apartment building in Chicago’s West Rogers Park neighborhood. Joe Smazal and Mark Dykstra of Interra represented the buyer, Claremont JV LLC, led by Ron Abrams of Silver Property Group. Smazal and Dykstra also represented the seller, a local private investor. The deal represented the highest multifamily sales price in West Rogers Park in the past three years, according to CoStar data. Originally constructed in 1929 and last renovated approximately 15 years ago, the building includes four one-bedroom and 28 two-bedroom layouts.

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GRAND RAPIDS, MICH. — Marcus & Millichap has arranged the $2.1 million sale of East Paris Medical Center, a 10,011-square-foot, three-suite medical office property in Grand Rapids. Seth Haron, Ashish Vakhariya and Darin Gross of Marcus & Millichap represented the seller, a local private investor and retired physician. Located at 1155 E. Paris Ave. SE, the building is fully leased and anchored by Trinity Health Michigan.

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PFLUGERVILLE, TEXAS — California-based investment firm Haven Housing has acquired Wells Park Apartments, a 264-unit multifamily complex in the northern Austin suburb of Pflugerville. Built in 2018, the property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, resident clubhouse, business center and outdoor gathering spaces. Kevin Dufour, Matt Pohl, Spencer Roy and Forrest Bass of Walker & Dunlop represented Haven Housing in the transaction. The seller and sales price were not disclosed.

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MCALLEN, TEXAS — Partners Capital, the investment arm of Partners Real Estate, has acquired a 41,041-square-foot shopping center in McAllen. Colonnade of McAllen was built in 2004 and was fully leased at the time of sale to a mix of service-oriented tenants. Andrew Pappas and Carson Grett led the transaction for Partners on an internal basis. Micha van Marcke of Edge Realty Partners represented the undisclosed seller.

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NEW YORK CITY — Marcus & Millichap has brokered the $7.3 million sale of two mixed-use buildings in Manhattan’s Greenwich Village area. Constructed in 1910 and recently renovated, the buildings at 18-20 Christopher St. consist of eight residential units and three commercial spaces. Peter Dodge, Joe Koicim and Paige DeMutis of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, Dalan Real Estate.

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