HOUSTON — Marcus & Millichap has arranged the sale of a 45,083-square-foot vacant healthcare building located at 11500 Space Center Blvd. in southeast Houston. The property was originally built on 4.3 acres in 2008 within the Village at Clear Point Crossing medical office park and was most recently occupied by Sacred Oaks Behavioral Hospital. Alex Wolansky and Gus Lagos of Marcus & Millichap represented the seller in the all-cash transaction and procured the buyer. Both parties requested anonymity.
MANASSAS, VA. — PRP has sold Manassas Point, a 40-acre data center development site in Northern Virginia’s Prince William County. Data center developer Iron Mountain Inc. purchased the site, which was assembled by PRP between 2022 and 2023 and zoned for heavy industrial, for $113.5 million. Plans at Manassas Point call for a 1.1 million-square-foot data center campus with a 300-megawatt substation. PRP had previously gotten county approval for a three-story design for the data center property and worked with NOVEC (Northern Virginia Electric Cooperative) and Dominion Power on the utilities for the campus. Manassas Point is situated within close proximity to Iron Mountain’s existing data centers in Prince William County.
DAYTONA BEACH, FLA. — Colliers has arranged the $26.4 million sale of Volusia Square, a 193,923-square-foot shopping center located at 2455 W. International Speedway Blvd. in Daytona Beach. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, Lamar Cos., in the transaction. Mosaic Realty Partners purchased the shopping center, which is situated less than 300 yards from Daytona International Speedway. Volusia Square was 97.2 percent leased at the time of sale to tenants including Urban Air Adventure Park, Amped Fitness, Ollie’s Bargain Outlet and Restaurant Depot Express. Three retail outparcels were included in the sale, including two single-tenant buildings occupied by Buffalo Wild Wings and Arby’s and a multi-tenant building leased to Lenscrafters and Cava.
BUFORD, GA. — Locally based Hunter Hotel Advisors has brokered the sale of Fairfield Inn & Suites Atlanta Buford Mall of Georgia, a 96-room hotel located off I-85 in the Atlanta suburb of Buford. Woodvale acquired the property from Hotel Equities for an undisclosed price. Lee Hunter and David Perrin of Hunter Hotel Advisors facilitated the transaction. The hotel is situated in close proximity to its namesake mall, as well as other attractions including The Exchange & Gwinnett, which features a Topgolf, and Lake Lanier. Woodvale plans to fully renovate all guest rooms and public areas, including the hotel’s fitness center, meeting spaces and an indoor pool. Hotel Equities had owned the Fairfield Inn & Suites hotel for nine years.
ALBANY, KY. — Marcus & Millichap has arranged the sale of Westview Shopping Center, a 39,161-square-foot retail center located at 700 Burkesville Road in Albany, a city in southern Kentucky near the border of Tennessee. The property was 97 percent leased at the time of sale to tenants including IGA Hometown Grocery, Dragon Garden, Majors Pizza and Albany Nail Salon. IGA Hometown has anchored Westview since the center was built in 1988. Zach Taylor and Eric Abbot of Marcus & Millichap’s Atlanta office represented the seller, a developer based in Tennessee, in the $1.7 million transaction. The buyer is an undisclosed private investor. Grant Fitzgerald of Marcus & Millichap served as the broker of record in Kentucky for the deal.
AMERICAN CANYON, CALIF. — JLL Capital Markets has negotiated the sale of two industrial buildings totaling 1.3 million square feet of Class A space within Napa Logistics Park in American Canyon. A global investment advisor sold the asset to EQT Exeter for an undisclosed price. The assets include: Ryan Sitov, Melinda Marino, Glen Dowling, Matt Bracco and Chris Neeb of JLL Investment Sales and Advisory represented the seller in the deal.
PHOENIX — INDUS Realty Trust has purchased Phoenix Airport Logistics, a Class A warehouse and distribution building in Phoenix’s airport submarket. Located at 3333 S. 7th St., the 393,484-square-foot cross-dock facility offers a clear height of 36 feet, 96 dock-high doors and 62 trailer parking spaces. At the time of sale, the property was fully leased to five tenants. The asset was built in 2016. Will Strong, Michael Matchett and Molly Hunt of Cushman & Wakefield’s National Industrial Advisory Group facilitated the transaction as the exclusive real estate brokers.
YUCAIPA, CALIF. — Marcus & Millichap has brokered the sale of Center Point Plaza, a shopping center in Yucaipa. A partnership sold the asset to a private investor for $10.8 million. Located at 33490-33492 Oak Glen Road, Center Point Plaza offers 28,924 square feet of space occupied by a variety of tenants, including retailers, restaurants and medical office users. The property was constructed in 2007. Ivan Prochko, Orbell Ovaness and Ara Rostamian of the Ovaness-Rostamian Group of Marcus & Mililchap’s Los Angeles office represented the seller, while Bashir Tariq of Keller Williams Realty represented the buyer in the transaction.
VANCOUVER, WASH. — Norris & Stevens has arranged the sale of Plainsmen Apartments, a multifamily property in Vancouver. Provision Investments acquired the asset from Dorothy L. Lund for $1.6 million. Located at 10701 NE 59th St., the 12,464-square-foot Plainsmen Apartments offers 16 two-bedroom/one-bath units with in-unit washers/dryers and extra storage space. Built in 1968, the property offers ample onsite parking. Todd VanDomelen and Mike Brown of Portland, Ore.-based Norris & Stevens represented the buyer and seller in the transaction.
Greenstone Partners, Marcus & Millichap Broker $25.7M Sale of Canterbury Court Apartments in Chicago
CHICAGO — Greenstone Partners and Marcus & Millichap have brokered the $25.7 million sale of Canterbury Court Apartments in Chicago’s Gold Coast neighborhood. The 176-unit, 16-story apartment building is located at 1220 N. State Parkway and features 1,268 square feet of ground-floor retail space with the famed Zebra Lounge piano bar, which has occupied the building since its completion in 1929. Jordan Multack and Danny Spitz of Greenstone represented the seller, a local family office, along with Nicholas Kanich of Marcus & Millichap. Becovic Holdings Corp. was the buyer. The asset features 142 studio units, 26 one-bedroom floor plans, two two-bedroom residences and six additional units that were previously used by the former owner. Becovic plans to invest in necessary upgrades and improvements.