SAN ANTONIO — Dallas-based brokerage firm The Multifamily Group (TMG) has negotiated the sale of Limestone Oaks and Townhomes at Limestone Oaks, two adjacent multifamily properties totaling 400 units in northwest San Antonio. The communities were respectively built in 1981 and 1984. Bryce Smith of TMG represented the seller, Harvest Equities, in the transaction, and procured the undisclosed buyer. The sale was conducted off-market and included a 6.5-acres tract of developable land that connects the properties.
AUSTIN, TEXAS — A partnership between Maryland-based investment firm FCP and VaultCap Partners has acquired Huntington Meadows Apartments, a 200-unit multifamily complex in northeast Austin. The property features one-, two-, three- and four-bedroom units and amenities such as a pool, fitness center, playground, basketball court and onsite laundry facilities. Wes Racht, Bard Hoover and Nick Fluellen of Marcus & Millichap represented the undisclosed seller in the transaction.
SAN ANTONIO — NAI Partners has arranged the sale of a 38,283-square-foot bowling alley located at 3239 Harry Wurzbach Road in San Antonio. Astro SuperBowl operates the facility. Joshua Murphy and Ross Anderson of NAI Partners represented the seller, an entity doing business as A & E Sports LLC, in the transaction. Jorstep Inc. represented the undisclosed buyer.
HAMILTON, N.J. — Cushman & Wakefield has arranged the sale of a 171,269-square-foot industrial facility in Hamilton, a suburb of Trenton. Built in 2021, the property is a redevelopment of a shopping center and features a clear height of 36 feet, 40 loading positions, parking for 150 automobiles and trailer storage. Gary Gabriel, Kyle Schmidt and Ryan Larkin of Cushman & Wakefield represented the sellers, Penwood Real Estate Investment Management and Metrix Real Estate Services LLC, in the transaction. Principal Real Estate Investors acquired the property for an undisclosed price.
HAVERHILL, MASS. — Scully Co., a multifamily investment firm based in Pennsylvania, has acquired The Bixby, a 128-unit apartment complex in the northern Boston suburb of Haverhill. The transit-oriented property features studio, one-, two- and three-bedroom units. Amenities include a resident lounge with games and TVs, an entertainment kitchen, 24-hour fitness center, package handling room and a dog park. Adam Dunn and Chris Phaneuf of Berkadia represented the seller, Blackfin Real Estate Investors, in the transaction. Robert Falese, also with Berkadia, originated a $24.4 million Freddie Mac acquisition loan on behalf of Scully Co., which plans to upgrade unit interiors and common areas.
BROOKFIELD, WIS. — Mid-America Real Estate Corp. has brokered the sale of Brookfield Marketplace in suburban Milwaukee for an undisclosed price. The 90,374-square-foot shopping center is home to Pick ’n Save, Panera Bread, First Midwest Bank, U.S. Cellular, Allstate and Sylvan Learning. Rick Drogosz and Dan Rosenfeld of Mid-America represented the sellers, General Capital Group and Thompson Cos. Jack Stead of Northstar REIS represented the buyer, Grocery Management Partners LLC.
BATAVIA, ILL. — Brown Commercial Group has negotiated the sale of an 18,240-square-foot industrial building in the Chicago suburb of Batavia for an undisclosed price. The property, which features outdoor storage space, is located on Pierson Drive. Mike Antonelli of Brown represented the seller, Rhondarosa Properties LLC, as well as the buyer, H5P LLC. The buyer is a road and snow maintenance company that was looking to expand into a space with outdoor storage for its equipment.
KENT, WASH. — The Jacobson Co. has completed the sale of CityZen Commons, a multifamily community located at 10925 SE 259th St.in Kent. An undisclosed buyer acquired the property for $52 million. Built in 1980 on 7.8 acres, the 23-building CityZen Commons features 177 one- and two-bedroom floor plans, with an average size of 810 square feet. Units offer a private patio or balcony and in-unit washers/dryers. Onsite amenities include a fitness center, dog park and swimming pool. Eli Hanacek, Jon Hallgrimson, Mark Washington and Kyle Yamamoto of CBRE represented The Jacobson Co. in the deal. The Jacobson Co. initially acquired the property for $28.1 million in 2018.
LAS VEGAS — Next Wave Investors has completed the $50 million sale of Spanish Oaks, a multifamily community in Las Vegas. The name of the buyer was not released. Built in 1976, Spanish Oaks features 216 garden-style apartments. Next Wave originally acquired the asset for $28.5 million in February 2021 and implemented a renovation and value-add business plan for the property. The company renovated 30 percent of the units and completed enhancements to the exterior and amenity spaces.
KERMAN, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sale of a newly completed, single-tenant retail property located at 14868 W. Whitesbridge Ave. in the Fresno County city of Kerman. A local private investment firm sold the asset to a San Mateo County.-based private investor for $6.4 million. Grocery Outlet occupies the 16,000-square-foot building on a net-lease basis. Based in Emeryville, Grocery Outlet has more than 420 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada and New Jersey. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, while Nigel Keep of Kidder Mathews’ office in Silicon Valley, Calif., represented the buyer in the transaction.