NEW YORK CITY — Marcus & Millichap has brokered the $4.2 million sale of a 3,360-square-foot office and retail building in the Astoria area of Queens. The two-story building at 30-23 30th Ave. comprises five retail spaces and two office suites. Matt Fotis, Lazarus Apostolidis and Hunter Barocas of Marcus & Millichap represented the seller in the transaction. Fotis and Apostolidis also procured the buyer. Both parties requested anonymity. Steve Filippo with Marcus & Millichap Capital Corp. arranged acquisition financing for the deal.
GREENVILLE, S.C. — Atlanta Property Group (APG) has purchased 6 Shelter Drive, a 173,000-square-foot industrial facility located in Greenville. Situated adjacent to I-85 off the Pelham Road exit, the facility is one of the few infill locations in the area. Constructed in 2004, the property features tilt walls, 32-foot clear heights, 140-foot truck court depths and an ESFR sprinkler system. The building is currently fully leased. The seller and sales price were not disclosed. APG has acquired 15 industrial buildings since 2022 and plans to invest $100 million of equity into existing distribution centers across the Southeast.
HICKORY, N.C. — Berkadia has provided an $18.4 million bridge loan for the acquisition of Hawks Landing, a 144-unit, garden-style multifamily community located in Hickory. Brian Gould, Miles Drinkwalter and Pat Cunningham of Berkadia’s D.C. Metro team secured financing through Berkadia’s Proprietary Lending Group (PLG) on behalf of the buyers, Maryland-based Klein Enterprises and RM Communities. Constructed in 2018, Hawks Landing is situated at 2778 2nd East St. near Frye Regional Medical Center. The multifamily community offers one-, two- and three-bedroom floorplans ranging in size from 746 square feet to 1,173 square feet, according to Apartments.com. Amenities at the property include a swimming pool, poolside sun deck with ample seating, outdoor grilling area, fully equipped fitness center, fenced pet park, clubhouse and a business center.
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a medical investment property located at 4881 E. Grant Road in Tucson. Elliott Bay Medical Properties Holdings LLC acquired the asset from a private investment group for $5.5 million. Pain Institute of Southern Arizona occupies the 15,000-square-foot property on a long-term lease. Bryce Horner of Cushman & Wakefield | PICOR represented the seller in the deal.
HEMET, CALIF. — Avison Young has negotiated the sale of a single-tenant retail property located at 1735 W. Florida Ave. in Hemet. A California-based limited partnership sold the asset to a California-based private investor for $2.2 million. Harbor Freight Tools occupies the 20,571-square-foot building, which was renovated in 2023. The tenant has approximately 11 years remaining on its absolute triple-net lease. Chris Maling and David Maling of Avison Young represented the seller in the transaction.
OXFORD, OHIO — JLL Capital Markets has brokered the sale of Level 27, a 756-bed student housing community serving Miami University in Oxford. Built in 2006, the 216-unit property features a mix of three- and four-bedroom floor plans with an average unit size of 1,603 square feet. Amenities include a fitness center, private movie theater, gaming lounge, outdoor sports courts and clubhouse with study rooms. Teddy Leatherman, Scott Clifton, Kevin Kazlow, Jack Goldberger and Grace Picchiotti of JLL represented the undisclosed seller. Buyer information was also not provided.
BROOKFIELD, WIS. — Greenstone Partners has negotiated the sale of PrairieWalk, a 56-unit multifamily property in the Milwaukee suburb of Brookfield, for an undisclosed price. Mandel Group Inc. developed the asset, which was built in 2015. The two-building property features one- and two-bedroom units. Amenities include community rooms, outdoor grills and pet stations. Jordan Multack of Greenstone represented the buyer, Breneman Capital, and the seller, Mandel Group.
SAN MARCOS, TEXAS — CBRE has arranged the sale of Cottages at San Marcos, an 899-bed student housing community located near the Texas State University campus in San Marcos. Built in 2014, the community offers 194 cottage- and townhome-style units in three-, four-, five- and six-bedroom configurations. Amenities include a 12,000-square-foot clubhouse; three-tiered pool; private shuttle service to campus; a two-story gym with a locker room and Pilates and Zumba rooms; study rooms; a game room; pet washing station; walking trail; and basketball courts. Jaclyn Fitts, William Vonderfecht and Casey Schaefer of CBRE represented the seller, an undisclosed Singapore-based global real estate company. The buyer and sales price were also not disclosed.
DALLAS — A partnership between P4 Capital and Elevate Equity Partners has purchased a 112,678-square-foot mixed-use property in the Dallas Design District. The property, which comprises three sites totaling 4.4 acres at 1800 Irving Blvd., 1715 Market Center Blvd. and 1805 Market Center Blvd, was originally built to house industrial and office uses. The new ownership plans to redevelop the property into a retail, restaurant and entertainment destination. Jonathan Carrier of JLL represented the seller, a partnership between Quadrant Investment Partners and Maryland-based FCP, in the transaction.
OCALA, FLA. — Berkadia has arranged the sale of Retreat at 42nd, a 268-unit, pet-friendly apartment community located in Ocala, approximately 35 miles southeast of Gainesville. The community is situated on 13 acres and comprises 16 three-story apartment buildings housing 24 one-bedroom units, 156 two-bedroom units, 84 three-bedroom units and four three-bedroom duplexes. Amenities at the property include a 7,500-square-foot clubhouse with a 24-hour fitness facility, business center, event space, TV lounge, walk-in swimming pool and sundeck, bark park and an outdoor ramada/grilling area, as well as a maintenance area and detached garages. Cole Whitaker, David Etchison and Mary Beale of Berkadia’s Central and North Florida offices represented the seller, an entity doing business as Retreat at 42nd LLC, in the transaction. The buyer, Old Lyme, Conn.-based Hamilton Point Investments, acquired the property for an undisclosed price. Jeremy Lynch of Berkadia’s Philadelphia office arranged an undisclosed amount of acquisition financing through Berkadia’s Proprietary Lending Group (PLG) on behalf of the buyer.