BOSTON — Regional brokerage firm Hunneman has arranged the $11.8 million sale of a two-building, 14-unit apartment complex in the Brookline area of Boston. According to Apartments.com, the property at 10-12 Greenway Court was originally constructed in 1915 and exclusively offers two-bedroom units. Carl Christie and Dan McGee of Hunneman represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
FORT LAUDERDALE, FLA. — GFO Investments and InSite Group, in partnership with Atlas Real Estate and Prime Finance, have acquired The Galleria at Fort Lauderdale, with plans to redevelop the 800,000-square-foot mall. Robert Given, Brad Capas and Casey Rosen of CBRE represented the seller, Keystone-Florida Holding Corp., in the transaction. The sales price was not disclosed. GFO and InSite Group will oversee redevelopment efforts, while Sandeep Mathrani of Atlas Hill Real Estate will lead leasing at the property. Galleria Mall, an underperforming, super-regional shopping center, will be reimagined into a community-focused destination. Detailed plans for the redevelopment will be released in the coming months. Keystone-Florida Holding Corp. originally listed the mall for sale in 2023, which was only 67 percent occupied after losing tenants such as Lord & Taylor, SAKS Fifth Avenue and Neiman Marcus, according to South Florida Business Journal. Current tenants include Aldo Shoes, Apple, Blue Martini, H&M, Macy’s, Michael Kors, P.F. Chang’s, the Capital Grille and Zales.
OGDEN, UTAH — Highland Partners has purchased Christopher Village, an apartment property in Ogden, from a private seller for an undisclosed price. Brock Zylstra and Danny Shin of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built in 1962, Christopher Village offers 114 apartments with fireplaces, storage space, dishwashers and air conditioning. Community amenities include a resort-style swimming pool, laundry facility and reserved covered parking.
SAN DIEGO — Brixton Capital has acquired Carmel Mountain Gateway Plaza in San Diego from Triwell Properties for $21.3 million. This off-market transaction marks Brixton’s fifth California retail acquisition this year. Located at 11465-11495 Carmel Mountain Road, the 44,230-square-foot Carmel Mountain Gateway Plaza was built in 1995 and renovated in 2019. With BevMo! and Ulta Beauty as anchor tenants, the property was 75 percent occupied at the time of sale. Kyle Erthner of UrbanCalifornia represented the seller, while Brixton was self-represented in the deal.
COLLIERVILLE, TENN. — Hunter Hotel Advisors has negotiated the sale of the 131-room Courtyard by Marriott Memphis Collierville hotel located within the Carriage Crossing lifestyle shopping center in Collierville. Tim Osborne and Adeel Amin of Hunter facilitated the transaction and secured a $8.7 million bridge loan on behalf of the buyer, a Texas-based investor. The seller was an entity doing business as Southern Hospitality LLC. Situated near the FedEx World Technology Center, the four-story hotel includes 1,624 square feet of meeting space, an indoor swimming pool, fitness center and a full-service restaurant called The Bistro.
SMYRNA, TENN. — The Boulder Group has brokered the $2.9 million sale of an 18,750-square-foot, single-tenant retail property in Smyrna leased to Tractor Supply. Located along U.S. Highway 41, Tractor Supply has operated at the site since 1999 and recently signed a 10-year lease extension. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, a high-net-worth family engaging in estate planning, in the transaction. Andrew Ragsdale of Colliers represented the undisclosed seller. Founded in 1938, Tractor Supply operates more than 2,300 stores across 49 states.
FAIRVIEW PARK, OHIO — JLL Capital Markets has brokered the $13.8 million sale of Fairview Centre, a 147,602-square-foot shopping center in the Cleveland suburb of Fairview Park. The grocery-anchored property consists of three buildings that are nearly 90 percent occupied by Giant Eagle, which has a 30-year tenure at the center. Additional tenants include Dollar Tree, Onyx Gyms, Goldfish Swim School, UPS and the American Cancer Society. Michael Nieder and Brian Page of JLL represented the seller, Lamar Cos. Axiom Realty purchased the asset.
LOS ANGELES — Kilroy Realty Corp. has acquired Maple Plaza, an office campus in the Beverly Hills submarket of Los Angeles, from Tishman Speyer for $205.3 million, or $707 per square foot. The transaction was funded with cash on hand and recent disposition proceeds. Stephen Somer and Brooke Silver of CBRE brokered the transaction. Renovated in 2017, Maple Plaza features 293,000 square feet of Class A office space at 345 N. Maple Drive. At the time of sale, the property was 75 percent leased to a mix of tenants across private equity, professional services, education and entertainment. For Tishman Speyer, this transaction completes a trio of dispositions in Beverly Hills. The firm originally acquired Maple Plaza in 2005 for $101 million and subsequently secured leases with a variety of of entertainment, financial services, lifestyle customers and retailers, including Goop Kitchen and Cafe Ruisseau. Last August, Tishman Speyer sold 407 North Maple Drive to Fashion Nova for $119.7 million, and in December, the firm sold 9242 Beverly to Envision and Faring for $90 million.
TUCSON, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Vintage, an apartment community in Tucson. Clint Wadlund, Hamid Panahi, Steve Gebing and Cliff David of IPA represented the undisclosed seller and procured the undisclosed buyer in the deal. Built in 1981, The Vintage offers 204 one- and two-bedroom floor plans with private balconies or patios, window coverings and extra storage space. Community amenities include a newly renovated swimming pool and spa, laundry facility, package lockers and a 24-hour fitness center.
DENVER — Malman Real Estate has arranged the purchase of a 38,108-square-foot industrial property located at 901-999 Vallejo St. in Denver. 901-999 Vallejo LLC acquired the asset from East Prentice Denver Tech Center for $5.4 million. Taylor Roy and Jeff Geman of Malman represented the buyer in the off-market transaction. The seller was unrepresented.