AUSTIN, TEXAS — Chicago-based Brennan Investment Group has purchased an industrial outdoor storage (IOS) facility in North Austin. The facility at 505 W. Yager Lane consists of an 18,982-square-foot building with grade-level loading doors, 20 grade-level doors with drive-thru access and 1.5 acres of outdoor storage space. The seller and sales price were not disclosed.
BRISTOW, VA. — An affiliate of e-commerce giant Amazon, Amazon Data Services, has acquired a site in Prince William County for a future data center campus. The firm acquired the undeveloped site near Devlin Road and I-66 in Bristow for $700 million, according to Washington Business Journal. CoStar Group reports that Stanley Martin Homes, a Reston, Va.-based homebuilder, sold the 188-acre site to Amazon and that Eastdil Secured represented the land seller in the deal. Washington Business Journal reports that the Prince William Board of County Supervisors rezoned the site for data center development in November 2023 and has since been in a legal dispute, with the Court of Appeals of Virginia recently upholding the county’s original rezoning decision.
VIRGINIA BEACH, VA. — Affiliates of Norfolk, Va.-based Harbor Group International (HGI) have acquired Reflections at Virginia Beach for $86 million. The 480-unit, garden-style property was built in 1986 and spans 19 two- and three-story buildings across 30 acres. Units are offered as one- and two-bedroom floorplans. The seller was not disclosed. A $7 million renovation was recently completed at Reflections at Virginia Beach, updating amenities including a clubhouse, outdoor pool, 24-hour fitness center, business center with meeting rooms and outdoor grilling stations.
NASHVILLE, TENN. — Boston-based Foxfield has purchased a 75,000-square-foot industrial facility located at 565 Brick Church Park Drive in Nashville. AllParts Medical, a subsidiary of Netherlands-based Philips that distributes medical imaging equipment and parts, has fully occupied the infill property since 2018 and recently renewed its lease. The previous owner has invested $3.5 million to upgrade the facility in recent years.
SILVERDALE, WASH. — Jackson Square Properties has completed the disposition of Cascade Ridge, a garden-style apartment property in Silverdale, to an undisclosed buyer for $79.5 million. Situated on 16.5 acres at 1206 N.W. Tahoe Lane, Cascade Ridge features 270 one-, two- and three-bedroom apartments, including townhome-style units. Originally constructed in 1992, the property offers low-density living at 16 units per acre. Community amenities include a swimming pool, clubhouse, fitness center with a climbing wall, package lockers and a dog park. Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper of CBRE represented the seller in the deal.
SAN FRANCISCO — Ballast has purchased Grosvenor Court Apartments, a multifamily community located at 2055 Sacramento St. in San Francisco, from an undisclosed seller for $31.9 million, or $370,930 per unit. Situated across from Lafayette Park in Pacific Heights, Grosvenor Court offers 86 apartments and recent upgrades, including electrical modernization, exterior painting and a new fire alarm system.
WOODLAND PARK, COLO. — Kiser Group has brokered the $13 million sale of a skilled nursing facility located in Woodland Park, roughly 20 miles northwest of Colorado Springs. The property, Forest Ridge, was 95 percent occupied at the time of sale. Cottonwood acquired the facility, adding to its portfolio of more than 30 skilled nursing properties in the state. Mark Myers of Kiser Group arranged the transaction. “Forest Ridge was an appealing opportunity because it aligns perfectly with Cottonwood’s strategy of acquiring quality, well-located facilities in markets with strong operational fundamentals,” says Myers. “The facility’s proximity to a 15-bed critical access hospital and its location within a community with a significant veterans population provide strong upside potential for expanding both veterans affairs (VA) and Medicare resident bases.”
AURORA, COLO. — Thompson Ranch Development Co. has completed the $5.2 million sale of Tower Pavilions, a fully leased retail center in Aurora. The name of the buyer was not released. Located at 3571 S. Tower Road, Tower Pavilion features 11,029 square feet of retail space fully leased to eight tenants, including Jersey Mike’s Subs, European Wax Center, Sport Clips and Tide Cleaners. Jason Schmidt and Austin Snedden of JLL Capital Markets’ Investment Sales and Advisory team represented the seller in the deal.
MAUSTON, WIS. — Marcus & Millichap has brokered the sale of West Side Apartments, a 48-unit multifamily property in Mauston, a city in central Wisconsin. The newly constructed asset is situated on 7.4 acres at 702 Loomis Drive near the Wisconsin Dells market and two of the state’s largest lakes. There are 24 one-bedroom and 24 two-bedroom condo-style units across 48,336 rentable square feet. Matthew Whiteside of Marcus & Millichap represented the seller, Mauston 80 LLC, and procured the buyer, Greenfeather Twenty-Eight LLC.
GLENDALE HEIGHTS, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired a 67,565-square-foot freezer/cooler building in the Chicago suburb of Glendale Heights. The property at 601 Wall St. was fully leased at the time of sale to KeHE Distributors, a specialty food distributor. Situated in the High Grove Business Park, the building offers direct access to I-355 via Army Trail Road. The precast facility was constructed in 1991 and expanded in 2005. The asset features clear heights ranging from 22 to 37 feet, 10 exterior docks, four drive-in doors and parking for 10 trailers. There is 38,087 square feet of freezer space with glycol floors, 16,139 square feet of production space and 3,594 square feet of cold docks. Will McCormack and John Huguenard of JLL represented the seller, LBA Logistics. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.