Acquisitions

Stirling Properties Purchases 140,000 SF Pepsi Distribution Center in Livingston, Louisiana

by Julia Sanders September 15, 2021

LIVINGSTON, LA. — Stirling Properties has purchased the Pepsi Distribution Center, a 140,000-square-foot industrial facility located at 28517 S. Front Road in Livingston. Heck Realty/Raymond Heck sold the property for an undisclosed price. Built in 2016, the Pepsi Distribution Center sits on 15 acres and is located along the Interstate 12 corridor. The facility is fully occupied by PepsiCo. Inc. and serves as a logistics hub for PepsiCo brands, including Gatorade, Frito-Lay, Starbucks and Mountain Dew. The facility services the greater Baton Rouge, New Orleans and southeast Louisiana areas. Townsend Underhill of Stirling Properties will serve as the asset manager for the property. Beezie Landry, Justin Langlois and Chad Rigby of Stirling Investment Advisors, a division of Stirling Properties, handled the sales transaction.

September 15, 2021

Acquisitions Maryland Multifamily Southeast

JLL Arranges Sale of 347-Unit Apartment Tower in Baltimore’s Inner Harbor District

by Julia Sanders September 15, 2021

BALTIMORE — JLL has arranged the sale of 225 North Calvert, a 347-unit, 17-story apartment tower in the Inner Harbor district of downtown Baltimore. Broadshore Capital Partners, in a joint venture with an undisclosed investment partner, purchased the property for an undisclosed price. Scott Clukies of Broadshore led the firm on the sales transaction. Walter Coker, Brian Crivella and Robert Jenkins of JLL represented the seller, CP Capital US, formerly known as HQ Capital Real Estate. 225 North Calvert features a mix of one- and two-bedroom residences designed with floor-to-ceiling windows, balconies and an in-unit washers and dryers. Community amenities include a rooftop terrace with a swimming pool and lounge area, community game room, multimedia theater, health club, a pet exercise area and grooming stations. The property is located close to the National Aquarium, Oriole Park at Camden Yards and the Baltimore Ravens home arena, M&T Bank Stadium. The apartment community is also situated adjacent to Mercy Hospital. In 1967, 225 North Calvert was constructed as an office building, and in 2018, CP Capital completed a renovation converting the property to a Class A apartment tower. In addition to 347 apartment residences, the building also provides 9,535 square feet of …

September 15, 2021

Acquisitions Retail Texas

Cushman & Wakefield Arranges Sale of 464,722 SF Alamo Ranch Shopping Center in San Antonio

by Taylor Williams September 15, 2021

SAN ANTONIO — Cushman & Wakefield has arranged the sale of Alamo Ranch, a 464,722-square-foot retail power center in San Antonio. Tenants include Best Buy, Dick’s Sporting Goods, Ross Dress for Less, Marshalls, Michaels, Ulta Beauty, PetSmart and OfficeMax. In addition, Super Target, Lowe’s Home Improvement and J.C. Penney shadow-anchor the center. Margaret Jones, Lane Breedlove, Chris Harden and Kris Von Hohn of Cushman & Wakefield brokered the deal on behalf of the undisclosed seller. Big V Property Group acquired Alamo Ranch for an undisclosed price.

September 15, 2021

Acquisitions Affordable Housing Arkansas Multifamily Southeast

DLP Capital Acquires 200-Unit Affordable Housing Community in Jonesboro, Arkansas

by Julia Sanders September 15, 2021

JONESBORO, ARK. — DLP Capital has acquired Stadium Place, a 200-unit affordable housing property located in Jonesboro. The addition of the community increases the number of DLP Capital-owned apartment homes in the greater Memphis area to 568 units. The sales price and seller were not disclosed. The buyer plans to rebrand the property as DLP Jonesboro. Built in 2000, DLP Jonesboro includes one-, two- and three-bedroom units across 10 buildings. Community amenities include a swimming pool, fitness center, playground, picnic areas and a basketball court. DLP Capital plan to make external and internal renovations and improvements throughout the community, including maintenance on HVAC systems, landscaping and drainage and replacing the roofs. Located at 3719 Stadium Blvd., the property is located near downtown Jonesboro’s major retail centers and restaurants and about 1.6 miles from Arkansas State University. The property is close to major highway routes and is about 70.6 miles from Memphis.

September 15, 2021

Acquisitions Multifamily Texas

Buchanan Street Acquires 294-Unit Apartment Community in Dallas Arts District

by Taylor Williams September 15, 2021

DALLAS — California-based investment firm Buchanan Street Partners has acquired 4600 Ross, a 294-unit apartment community located in the Dallas Arts District. Built in 2020, the property’s unit mix consists of 51 studios, 166 one-bedroom units and 72 two-bedroom apartments, as well as five three-bedroom townhomes. Amenities include a pool, fitness center, sky lounge, pet park and a package locker system. The property was 95 percent occupied at the time of sale. The seller and sales price were not disclosed.

September 15, 2021

Acquisitions Industrial NAI Texas

NAI Partners Brokers Sale of 30,000 SF Industrial Building in North Houston

by Taylor Williams September 15, 2021

HOUSTON — NAI Partners has brokered the sale of a 30,000-square-foot industrial building within International Crossing Business Park in North Houston. The four-building development totals 90,750 square feet. Clay Pritchett and Zane Carman of NAI Partners represented the seller, TNRG Development, which has now sold all four buildings in the park, in the transaction. The name and representative of the buyer were not disclosed.

September 15, 2021

Acquisitions Massachusetts Northeast Retail

Marcus & Millichap Brokers $9.7M Sale of Retail Asset Leased to Lowe’s in Abington, Massachusetts

by Taylor Williams September 15, 2021

ABINGTON, MASS. — Marcus & Millichap has brokered the $9.7 million sale of a 102,000-square-foot retail asset located at 400 Bedford St. in Abington, located south of Boston. The property is leased to Lowe’s Home Improvement. Jim Koury and Alex Quinn of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

September 15, 2021

Acquisitions Healthcare Midwest Wisconsin

HSA PrimeCare Acquires 16,513 SF Medical Office Building in Wauwatosa, Wisconsin

by Kristin Harlow September 15, 2021

WAUWATOSA, WIS. — HSA PrimeCare, the healthcare real estate division of Chicago-based HSA Commercial Real Estate, has acquired a 16,513-square-foot medical office building in Wauwatosa near Milwaukee. Located at 3040 N. 117th St., the property is 95 percent occupied with approximately 825 square feet of leasable space. Tenants include Ascension Medical Group, which uses the location to provide a range of women’s health services, and Children’s Medical Group, which is owned by Children’s Wisconsin. Both tenants have operated from the building since it opened in 2007. Tom Shepherd and Adam Connor of Colliers International represented the undisclosed seller.

September 15, 2021

Acquisitions Multifamily New York Northeast Retail

TerraCRG Negotiates $7.4M Sale of Development Site in Brooklyn’s Flatbush District

by Taylor Williams September 15, 2021

NEW YORK CITY — Locally based brokerage firm TerraCRG has negotiated the $7.4 million sale of a commercial development site in Brooklyn’s Flatbush area. The site is currently zoned to support residential and retail uses. Ofer Cohen, Daniel Lebor and Peter Matheos of TerraCRG represented the seller, Freda Realty Co. LLC, in the transaction. The buyer was a locally based entity doing business as Horizon at Flatbush LLC.

September 15, 2021

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of Rio Vista Apartments in Metro Fort Worth

by Taylor Williams September 14, 2021

HALTOM CITY, TEXAS — Marcus & Millichap has brokered the sale of Rio Vista, a 246-unit apartment community located in the northeast Fort Worth suburb of Haltom City. Al Silva and Ford Braly of Marcus & Millichap represented the seller, Florida-based Greenwater Investments, and procured the buyer, an unnamed investment firm based in California. Built in 1968, Rio Vista’s apartments feature one- and two-bedroom floor plans that range in size between 684 and 1,016 square feet, according to Apartments.com. Communal amenities include two resort-style pools, a courtyard, playground, dog park and a soccer field. Greenwater invested approximately $4 million to renovate Rio Vista prior to the sale.

September 14, 2021

Newer Posts

Older Posts