CLARKSVILLE, IND. — Northmarq has brokered the sale of The Bend Apartments, a 312-unit luxury apartment community in Clarksville. Built in 2023, the property features one-, two- and three-bedroom units. Amenities include a pool, fitness center, clubhouse, ping pong and shuffleboard tables, onsite parking and a dog park. Bobby Schiavone, Jordan Arand and Adam Klenk of Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor.
CANAL WINCHESTER, OHIO — JLL Capital Markets has arranged the sale of Canal Pointe Industrial Park, an 825,322-square-foot industrial portfolio in Canal Winchester near Columbus. Delivered in 2023, the property consists of two distribution facilities, including a 450,696-square-foot cross-dock facility and a 374,626-square-foot rear-load building. Both feature clear heights of 36 feet, ESFR fire protection systems, LED lighting, modern loading configurations and substantial parking for trailers and passenger vehicles. The portfolio is fully leased to three tenants operating in the logistics and electrical distribution industries. A global transportation and logistics provider occupies more than 80 percent of the portfolio’s rentable area. Ed Halaburt, Kurt Sarbaugh, Sean Devaney and Ross Bratcher of JLL represented the seller.
JOHNSTOWN, OHIO — CBRE has negotiated the $15.6 million sale of a newly developed truck stop and convenience store property occupied by 7-Eleven (Speedway) in Johnstown near New Albany. The 4,816-square-foot property sits at the entrance to the 9,000-acre New Albany International Business Park. 7-Eleven occupies the asset under a new 15-year triple-net lease. CBRE’s Melissa Marshall, Ian Schroeder and David McNevin represented the buyer, a private investor based in southern California. The seller was an Ohio-based commercial real estate developer.
HOUSTON — Marcus & Millichap has brokered the portfolio sale of five self-storage facilities totaling 1,042 units in the greater Houston area. Two facilities are located in the northwestern suburb of Waller, and the other three facilities are scattered across the suburbs of Brookshire, Pattison and Hockley. The portfolio totals 148,745 net rentable square feet of climate- and non-climate-controlled space and includes both boat and RV storage spaces and more than 12 acres for future expansion. Dave Knobler, Mixson Staffel and Charles LeClaire of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
HOUSTON — The Dinerstein Cos., a locally based owner-operator, has sold 3411 Richmond, an 82,692-square-foot office building in Houston’s Greenway Plaza district. The seven-story office building was constructed in 1968 (renovated in1996) and was 89 percent leased at the time of sale. Marty Hogan of JLL and David Anderson of Cresa co-represented The Dinerstein Cos. in the transaction. Evelyn Ward and Paula Musa of Transwestern represented the buyer, HRGI Development LLC.
SEATTLE — Rise Properties Trust has completed the disposition of Northline, a multifamily asset in Seattle’s Bitter Lake neighborhood. FPA Multifamily acquired the property for $17.7 million, or $159,910 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Northline features 111 one- and two-bedroom apartments with open-concept layouts, updated kitchens, stainless steel appliances, wood-style flooring, wood-burning fireplaces and in-home laundry. Select units offer vaulted ceilings, sunken living rooms and private patios. Onsite amenities include a resident lounge, dog park and a covered outdoor gathering area with a barbecue, fireplace and seating.
OKLAHOMA CITY — SRS Real Estate Partners has arranged the $6.4 million sale of a portfolio of nine industrial outdoor storage (IOS) facilities in Oklahoma City. The portfolio consists of 43,000 square feet of buildings across 40.7 acres and was leased to nine tenants at the time of sale. Dave Faris of SRS represented the seller, a local family office, in the transaction. The buyer was an undisclosed, Kansas-based developer.
GLENDALE, WIS. — Hanley Investment Group Real Estate Advisors has arranged the sale of Cornerstone Shopping Center, a 13,308-square-foot retail center located in the North Shore trade area across from Bayshore, a mixed-use destination. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the seller, a private investor from North San Diego County. The buyer was SW Neighborhood Centers IV, an affiliate of Alabama-based commercial real estate firm Shannon Waltchack. The two-building property in Glendale was fully occupied at the time of sale. Built in 2003, the center is home to four tenants: Wild Fork Foods, Pearle Vision, Panera Bread and Vivo Infusion.
FORT LAUDERDALE, FLA. — Grover Corlew has purchased 200 East Broward, a 21-story, 235,211-square-foot office building in downtown Fort Lauderdale, for $69.7 million. The Boca Raton, Fla.-based firm plans to invest $20 million in capital improvements at the office building over the next two years, including overhauling the elevator bay and main lobby and building an amenity deck with a gym and conference facilities. Hermen Rodriguez and Ike Ojala of JLL represented the undisclosed seller in the transaction. Paul Stasaitis, also with JLL, arranged an undisclosed amount of acquisition financing through BridgeInvest.
LEXINGTON, KY. — Article Student Living has acquired Signature Apartments, a 280-bed student housing community located near the University of Kentucky campus in Lexington. The property was delivered in 2024 and offers units in one-, two- and four-bedroom configurations. Shared amenities include a resort-style pool, 24-hour fitness center, coffee bar, outdoor terrace and kitchen, clubhouse and group study rooms. The seller and terms of the transaction were not released.
