Acquisitions

Marcus & Millichap Arranges $3.7M Sale of Retail Strip Center Near Atlanta

by Alex Tostado November 9, 2020

BUFORD, GA. — Marcus & Millichap has arranged the $3.7 million sale of Hamilton Mill Crossings, an 11,722-square-foot retail strip center in Buford. The property was 88 percent leased at the time of the sale to tenants including Starbucks, Viral Vapes, Luxury Nail & Spa and AT&T Store. The asset is situated at 3265 Sardis Church Road, catty-corner from a Walmart Superstore and 40 miles northeast of downtown Atlanta. The undisclosed buyer was completing a 1031 exchange. Marc Irvin and Matthew Welch of Marcus & Millichap represented the undisclosed, Florida-based seller in the transaction.

November 9, 2020

Acquisitions Multifamily Texas

Cantor Fitzgerald, CAF Management Buy 444-Unit Apartment Community in Irving

by Taylor Williams November 9, 2020

IRVING, TEXAS — A joint venture between affiliates of Cantor Fitzgerald Investors LLC and CAF Management LLC has purchased The Station at MacArthur, a 444-unit apartment community located in the Las Colinas district of Irving. The property features townhouse-style residences in one-, two- and three-bedroom formats with an average unit size of 1,031 square feet. Amenities include four pools, a two-story fitness center, business center and a pet park. The property was approximately 95 percent leased at the time of sale. The seller was not disclosed.

November 9, 2020

Acquisitions Industrial Midwest Ohio

Cushman & Wakefield Brokers Sale of Marion Industrial Center in Central Ohio

by Kristin Harlow November 9, 2020

MARION, OHIO — Cushman & Wakefield has brokered the sale of the Marion Industrial Center in Marion within central Ohio. The sales price was undisclosed. Located at 3007 Harding Highway East, the property includes more than 1.5 million square feet of warehouse and manufacturing space on 511 acres. Marion Industrial Center has direct access to the CSX rail network. There is enough land to facilitate the immediate construction of millions of square feet of new Class A warehouse space, according to Cushman & Wakefield. Whitney Kerr Jr., Michael Flynn and Mike Hurd of Cushman & Wakefield represented the seller, a privately held group. Grant Tidemann of J.P. Weigand Commercial partnered with the Cushman & Wakefield team on the transaction. Jaguar Transport, a transportation and logistics service company, was the buyer.

November 9, 2020

Acquisitions Healthcare Midwest Wisconsin

Montecito Medical Acquires 130,000 SF Medical Office Building in Suburban Milwaukee

by Kristin Harlow November 9, 2020

GREENFIELD, WIS. — Montecito Medical Real Estate has acquired Aurora Health Center at 84South, a surgical center and medical office building in Greenfield, a suburb of Milwaukee. The purchase price was undisclosed. Built in 2019, the 130,000-square-foot, five-story facility is fully leased to Advocate Aurora Health. It is situated within the larger mixed-use development known as 84South. The property is one of the largest outpatient ambulatory sites for Advocate Aurora Health with eight surgical suites, two pain management procedure rooms, four gastroenterology suites and outpatient interventional radiological suites. The building also serves as a central location for Aurora Children’s Health Services and Aurora’s Sports Health Services. Advocate Aurora Health operates 27 acute care hospitals and employs roughly 3,700 physicians across Wisconsin, Michigan and Illinois.

November 9, 2020

Acquisitions Multifamily Seniors Housing Texas

The Ensign Group Acquires 82-Bed Skilled Nursing Facility in Amarillo

by Taylor Williams November 9, 2020

AMARILLO, TEXAS — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the real estate and operations of The Medical Lodge of Amarillo, an 82-bed skilled nursing facility in Amarillo. The property was 45 percent occupied at the time of acquisition. This property brings Ensign’s portfolio to 227 healthcare operations, 24 of which also include assisted living operations, across 13 states. Ensign owns 95 real estate assets.

November 9, 2020

Acquisitions Healthcare Texas

Edge Realty Partners Arranges Sale of 17,150 SF Medical Office Building in Houston

by Taylor Williams November 9, 2020

HOUSTON — Edge Realty Partners has arranged the sale of a 17,150-square-foot medical office building located at 3222 Hillcroft Ave. in between Houston’s Uptown and Westchase neighborhoods. According to LoopNet Inc., the single-story property was built in 1969 and renovated in 2014. Micha Van Marcke and Chace Henke of Edge Realty Partners represented the undisclosed seller in the transaction. Other terms of sale were not released.

November 9, 2020

Acquisitions Delaware Multifamily Northeast

Greysteel Brokers Sale of 132-Unit Willows at Dover Apartments in Delaware

by Taylor Williams November 9, 2020

DOVER, DEL. — Greysteel has brokered the sale of Willows at Dover, a 132-unit apartment community in the state capital city. The townhouse-style property was built in 1976 and renovated in 2009. Amenities include a playground, clubhouse and onsite laundry facilities. Henry Mathies and Fletcher Hultman of Greysteel represented the seller, New Jersey-based investment firm The Ingerman Group, in the transaction. The duo also procured the buyer, an affiliate of Los Angeles-based BLDG Partners, which acquired the asset for approximately $19.5 million.

November 9, 2020

Acquisitions Connecticut Northeast Retail

CBRE Negotiates $4.7M Sale of Single-Tenant Retail Property in Milford, Connecticut

by Taylor Williams November 9, 2020

MILFORD, CONN. — CBRE has negotiated the $4.7 million sale of a 4,596-square-foot retail property in the coastal Connecticut city of Milford. The freestanding property is situated on 2.5 acres at 1651 Boston Post Road and houses a bank branch for JPMorgan Chase. Charles Berger, Elli Klapper and Samuel Bernhaut of CBRE represented the seller, Klein Automotive Parts, in the transaction. The buyer was an undisclosed national REIT.

November 9, 2020

Acquisitions Colorado Multifamily Western

Local Buyer Purchases Blue Dot Place Apartments in Colorado Springs for $13M

by Amy Works November 9, 2020

COLORADO SPRINGS, COLO. — Newmark has arranged the sale of Blue Dot Place, an apartment community located at 412 S. Nevada Ave. in Colorado Springs. Darsey Nicklasson and Kathy Loo sold the asset to Ray, Tim and Brian Rhodes for $13 million, or $393,393 per unit. Developed in 2016, Blue Dot Place features 33 apartments and three commercial spaces. The community was the first for-rent multifamily product built in downtown Colorado Springs since the 1960s, according to the broker. Saul Levy and Kevin McKenna of Newmark represented the seller in the transaction.

November 9, 2020

Acquisitions California Healthcare Lee & Associates Office Western

Lee & Associates Negotiates $3.8M Sale of Medical Office Complex Near San Diego

by Amy Works November 9, 2020

VISTA, CALIF. — Lee & Associates – North San Diego County has brokered the sale a two-building medical office complex located at 1830-1840 West Drive in Vista. Turner Healthcare Facilities Acquisition LLC acquired the property from 1830-1840 West LLC for $3.8 million. The property offers a total of 24,147 square feet of medical office space. Jeff Abramson of Lee & Associates – North San Diego County represented the buyer, while Dave Dean of Commercial Property Advisors represented the seller in the deal.

November 9, 2020

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