WESLACO, TEXAS — CBRE has negotiated the sale of Valley Crossing, a 178,594-square-foot shopping center located in the Rio Grande Valley city of Weslaco. The center was 97 percent leased at the time of sale to tenants such as J.C. Penney, T.J. Maxx and Petco. Mark Witcher, Harrison Tye and Jolie Duhon of CBRE represented the seller, an entity doing business as Capcor Weslaco Ltd., in the transaction. The buyer was Otima Investments.
HUNT VALLEY, MD. — Locally based St. John Properties Inc. has purchased a three-building office portfolio within North Park, a business park in Baltimore County. The properties span 295,000 square feet combined and are located at 4, 6 and 10 N. Park Drive in Hunt Valley. The portfolio is leased to tenants including Travelers Insurance, RCM&D, AP Benefits Advisors and AECOM. Onsite amenities include a conference center with catering kitchen, fully equipped fitness center, walking trails and a full-service deli. Gerry Trainor, Jim Cardellicchio and Rowan Miller of Transwestern represented the undisclosed seller in the transaction, and Sean Doordan and Alex Lyons represented St. John Properties internally. The sales price was also not disclosed. The new ownership plans to invest in capital improvements within the newly acquired portfolio, including new HVAC equipment, landscaping, signage and updated common areas. The North Park acquisition brings St. John Properties’ Baltimore County holdings to more than 4.6 million square feet.
BATON ROUGE, LA. — A joint venture between affiliates of Monument Square Investment Group and a New York-based single-family office has acquired University Grove, a 381-bed student housing community located 2.7 miles south of the Louisiana State University (LSU) campus in Baton Rouge. Developed in 2024, the property offers 127 cottage-style units in three-bedroom configurations with bed-to-bath parity. Capital improvements are planned for the property, including upgrades to landscaping and amenity spaces. The community was 98.5 percent leased at the time of sale. The seller and terms of the transaction were not released.
TALLADEGA, ALA. — Marcus & Millichap has brokered the $2.4 million sale of Talladega Shopping Center, a 47,437-square-foot shopping center located at 803 Battle St. E in Talladega, an eastern suburb of Birmingham. Citi Trends and Standard Furniture, both of which have occupied the site for more than a decade, are the property’s anchor tenants. Additional tenants include Regional Finance and AT&T, which occupies a newly developed outparcel. The center was originally built in 1981 on 3.6 acres and was 88 percent leased at the time of sale. Eric Abbott and Zachary Taylor of Marcus & Millichap represented the seller in the transaction. Eddie Greenhalgh serves as Marcus & Millichap’s broker of record in Alabama.
SAN ANTONIO — Partners Real Estate has brokered the sale of a 26,436-square-foot industrial outdoor storage facility (IOS) in San Antonio. The single-tenant site is located at 8034 NE Loop 410 and is leased to Mears Installation, a provider of energy infrastructure solutions. Stan Nowak and Andrew Alizzi of Partners represented the seller, Harbor Capital, in the transaction. The buyer was Base Industrial.
NEW YORK CITY — A joint venture between Namdar Realty and Klosed Properties has acquired a retail and parking condo located at 85 Jay St. in the Dumbo area of Brooklyn for $54 million. The retail component totals 128,410 square feet, and the space is located beneath Front & York, a 21-story, 727-unit residential building. The retail space was 84 percent leased at the time of sale to tenants such as CVS, Devoción, Petit Poussins and Lazy Sundaes. Daniel O’Brien of Newmark brokered the deal. The seller was CIM Group. Max Ralby and Jordan Roeschlaub, also with Newmark, arranged $41.3 million in acquisition financing for the deal through Blue Owl Capital.
MORGAN HILL, CALIF. — Steadfast Senior Living has sold Loma Clara, a 67-unit seniors housing community located in Morgan Hill, for an undisclosed price. LTC REIT was the buyer. Completed in 2018, Loma Clara features 42 assisted living units and 25 memory care units. The property was roughly 92 percent occupied at the time of sale. Units total 529 square feet on average. Amenities at the community include a theater, fitness center, activity and game rooms, a library, outdoor courtyard, physical therapy space and bistro. Discovery Management will continue to operate the property. Aaron Rosenzweig and Dan Baker of JLL arranged the sale on behalf of the seller.
ANAHEIM, CALIF. — Marcus & Millichap has arranged the sale of Glencrest Apartments, a multifamily property in Anaheim. A local family sold the asset to a limited liability company for $7.6 million. Glencrest Apartments offers 31 apartments, a swimming pool, two onsite laundry facilities and ample garage parking. Drew Holden, Nick Kazemi and Tyler Leeson of The Leeson Group of Marcus & Millichap represented the seller, while Christian Tait procured the buyer in the deal.
HUTCHINSON, KAN. — Marcus & Millichap has brokered the $3.4 million sale of a four-suite retail strip center in Hutchinson within central Kansas. The sale of the property at 401 E. 4th Ave. also included a Dillon’s Fuel Station ground lease. Built in 1968, the 50,420-square-foot asset is leased to Planet Fitness, Dollar Tree and Dillon’s. Mark Ruble, Chris Lind, Zack House and Colby Haugness of Marcus & Millichap represented the seller, a Kansas-based limited liability company.
LUFKIN, TEXAS — JLL has negotiated the sale of Southloop Crossing, a shopping center in Lufkin, about 120 miles north of Houston. According to a property flyer from the seller, Ball Ventures, and Bridgepoint Real Estate, Southloop Crossing totals roughly 110,000 square feet. The property traded as part of a portfolio deal that included a retail center in Killeen, as well as two other shopping centers in Arkansas. The buyer was Chase Properties. Adam Howells, Barry Brown Erin Lazarus of JLL represented Ball Ventures, in the transaction. Deborah Johnson of JLL assisted in closing the deal as the broker of record.