Acquisitions

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

by Taylor Williams October 26, 2021

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 Residential Group, in the transaction. The duo also procured the buyer, Phoenix-based PEM Real Estate Group.

October 26, 2021

Acquisitions Industrial Texas

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

by Taylor Williams October 26, 2021

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 basis.

October 26, 2021

Acquisitions Midwest Minnesota Multifamily

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

by Kristin Harlow October 26, 2021

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 Development. Brock Yaffe, Pat McMullen and Ken Dayton of JLL arranged a Fannie Mae acquisition loan on behalf of the buyer, Timberland Partners. The loan will be serviced by JLL Real Estate Capital LLC, a Fannie Mae DUS lender.

October 26, 2021

Acquisitions Midwest Ohio Retail

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

by Kristin Harlow October 26, 2021

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 buyer, an Ohio-based private investor.

October 26, 2021

Acquisitions Illinois Industrial Midwest

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

by Kristin Harlow October 26, 2021

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 voltage regulators. Steve Disse, Jeff Devine and Tyler Ziebel of Colliers International brokered the transaction.

October 26, 2021

Acquisitions Arizona Multifamily Western

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

by Amy Works October 26, 2021

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 fixtures.

October 26, 2021

Acquisitions California Industrial Western

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

by Amy Works October 26, 2021

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 full-service mechanics building. Chuck Wilson of Colliers represented the seller and buyer, which acquired the property as a leased investment, in the transaction.

October 26, 2021

Acquisitions Colorado Healthcare Life Sciences Western

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

by Amy Works October 26, 2021

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 Jordan Selbiger of CBRE U.S. Healthcare and Life Sciences Capital Markets represented the seller in the deal. Sabrina Solomiany, Zack Holderman and Cole Reethof of CBRE’s U.S. Healthcare and Life Sciences Debt & Structured Finance worked on behalf of the buyer to secure acquisition financing.

October 26, 2021

Acquisitions Arizona Net Lease Retail Western

Marcus & Millichap Brokers $3.3M Sale of Walgreens-Occupied Property in Glendale, Arizona

by Amy Works October 26, 2021

GLENDALE, ARIZ. — Marcus & Millichap has arranged the sale of a retail building located at 8309 W. Glendale Ave. in Glendale. A limited liability company sold the property to an undisclosed limited liability company for $3.3 million. Walgreens occupies the 15,022-square-foot property on a net-leased basis. The building was construction in 2001. Mark Ruble and Chris Lind of Marcus & Millichap’s Phoenix office represented the seller and procured the buyer in the deal.

October 26, 2021

Acquisitions Industrial Northeast Pennsylvania Self-Storage

Rosewood Property Acquires 342-Unit Self-Storage Facility in Harrisburg

by Taylor Williams October 26, 2021

HARRISBURG, PA. — Dallas-based investment firm Rosewood Property Co. has acquired a 342-unit self-storage facility at 5700 Linglestown Road in Harrisburg. The property, which spans 35,430 net rentable square feet of primarily climate-controlled space, was converted from a warehouse into a self-storage facility in 2019. The seller and sales price were not disclosed.

October 26, 2021

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