LODI, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $6.1 million sale of River View, a 28-unit apartment building located at 60 S. Main St. in the Northern New Jersey community of Lodi. According to Apartments.com, the building offers one- and two-bedroom units. Andrew Scheinerman of Kislak represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
GRAIN VALLEY, MO. — Marcus & Millichap has arranged the sale of Creekside Village, a 31-unit multifamily property in Grain Valley near Kansas City. Jacob Carroll and Aaron Kuroiwa of Marcus & Millichap represented the seller, Creekside SPE – Apartments LLC, and procured the buyer, a Kansas City-based investor. Built in 2007, the property features one- and two-bedroom units totaling 28,055 rentable square feet.
CHICAGO — SVN Chicago Commercial has negotiated the $1.5 million sale of a 6,000-square-foot retail property located at 3832 N. Lincoln Ave. in Chicago’s North Center neighborhood. Tim Rasmussen and Marcus Sullivan of SVN represented the seller. The two-story property sold for 8 percent above asking price.
TUSTIN, CALIF. — Burnham-Ward Properties has purchased Enderle Center, a retail center in the Orange County city of Tustin. The company will redevelop the center, rebrand it as Campo on 17th and introduce approximately 60,000 square feet of revitalized commercial space and 100 new for-sale townhome residences. Intracorp will handle the development. Located at East Seventeenth Street and Enderle Center Drive, Campo on 17th will keep retail as the primary use while adding landscaping, water features, fire pit areas and a town green designed for year-round community gatherings. The redevelopment will include new building construction, remodeling of existing structures, upgraded utilities, reconfigured parking, improved circulation and sitewide enhancements. Leasing for retail space is underway for Campo on 17th, with units ranging from 988 square feet to 6,880 square feet. The restaurant Zov’s, a community staple since 1987, will debut a fully expanded and remodeled 8,200-square-foot space as an anchor tenant within the new project.
CARLSBAD, CALIF. — SENTRE has purchased 2840 Loker Avenue East, an industrial facility in the Southern California city of Carlsbad, from Bixby Capital Management and LaSalle Investment Management for $26.6 million. Hunter Rowe, Michael Longo, Barbara Perriet and Matt Carlson of CBRE represented the seller in the deal. Additionally, CBRE’s Scott Peterson and Michael Kolcum arranged acquisition financing for the buyer, while CBRE’s Roger Carlson, Dennis Visser and Blake Wilson provided leasing advisory services for the property. Situated on 6.2 acres within Carlsbad Technology Center, the 104,298-square-foot property was fully leased at the time of sale to Glanbia Nutritionals, a global nutrition and performance products company. Completed in 1998, the building has served as a key operational and logistics hub for Glanbia Nutritionals for nearly 25 years and features 13 dock-high loading doors, two grade-level doors and 4,000 amps of power.
SANTA BARBARA, CALIF. — Colliers has brokered the $11.3 million sale of Kellogg Square, a neighborhood retail center located at 5555-5585 Hollister Ave. in Santa Barbara. AJR Capital Group sold the property to an undisclosed buyer. Miles Waters, Austin Herlihy, Chris Parker and Mike Chung of Colliers represented the buyer in the transaction.
TULSA, OKLA. — Sword Industrial Partners, an affiliate of Dallas-based investment firm MAG Capital Partners, has acquired a portfolio of 24 industrial buildings totaling approximately 1 million square feet in Tulsa. The portfolio, which collectively totals 103 suites across six industrial business parks, includes Space Center, Space Center East, Tulsa Business Park, Tandem Business Park, Maxim Center and Maxim Place. All of the properties are located less than 10 miles from the downtown area and Tulsa International Airport. The seller was DRA Advisors. The sales price was not disclosed.
SCHERTZ, TEXAS — An affiliate of Miami-based owner-operator Atlantic Pacific Cos. has purchased The Palmera on 3009, a 288-unit apartment complex located northeast of San Antonio in Schertz. Built in 2008, the property offers a mix of one-, two- and three-bedroom units that range in size from 597 to 1,150 square feet. Amenities include a pool, fitness center, resident clubhouse and a pet park. The new ownership plans to implement capital improvements to unit interiors, building exteriors and amenity spaces. The seller and sales price were not disclosed.
DALLAS — Marcus & Millichap has brokered the sale of a 26,494-square-foot mixed-use building in East Dallas. The site at 2700 Live Oak St. was originally constructed in 1923 as a bottling plant for beverage company 7Up and now houses an apartment building and retail center. Joe Santelli, Nick Fluellen, Chris Pearson and Bard Hoover of Marcus & Millichap represented the seller, an out-of-state REIT, in the transaction and procured the buyer, a local, private investor completing a 1031 exchange. Both parties requested anonymity.
OSAGE BEACH, MO. — Marcus & Millichap has arranged the $3.6 million sale of Parkside Village, a medical office building with 10 fully occupied suites in Osage Beach. The 28,400-square-foot property is situated within the Lake of the Ozarks region and across from the Lake Regional Health System campus. Built in 2008 and renovated in 2021, the building rises two stories. Most tenants have more than five years remaining on their leases. Alec Coronado of Marcus & Millichap represented the seller, a Missouri-based medical office investor. The buyer was undisclosed.