REBusinessOnline

Capital Crossing Sells 79,396 SF Hospital in Brownsville, Texas

BROWNSVILLE, TEXAS — Boston-based Capital Crossing has sold Brownsville Doctors Hospital, a 79,396-square-foot vacant healthcare property located in the South Texas city of Brownsville. The property was originally built as a one-story, 56-bed hospital in 2001 and expanded in 2008 to include two additional floors and a freestanding building for wound care. Scott Herbold of CBRE represented Capital Crossing, in the transaction. The buyer was a local investor who plans to reposition the asset …

Colliers Brokers Sale of 14,050 SF Colony Place Shopping Center in Metro Houston

SUGAR LAND, TEXAS — Colliers International has brokered the sale of Colony Place, a 14,050-square-foot strip retail center located in the southwestern Houston suburb of Sugar Land. Tenants include FedEx Office and laundry service provider 1.75 Cleaners. Ace Schlameus and Jenny Seckinger of Colliers represented the seller, Hass Holdings Inc., in the transaction. Anita Amin of Preston Cunningham Ventures LLC represented the buyer, DML Colony Place

CBRE Arranges Sale of Two Tampa Bay Apartment Complexes Totaling 598 Units

ST. PETERSBURG AND TAMPA, FLA. — CBRE has arranged the sale of a two-property apartment portfolio located in St. Petersburg and Tampa. The first property is Viera Bayside, a 208-unit property located at 500 110th Ave. N. in St. Petersburg. Communal amenities include a 24-hour business center, clubhouse, fitness center and a pool. Unit interiors feature granite countertops, as well as modernized lighting and plumbing fixtures. The second property is Veranda at Westchase, a 308-unit …

RBL Real Estate Sells Del Norte Marketplace in Bay Area for $22.5M

EL CERRITO, CALIF. — RBL Real Estate has completed the disposition of Del Norte Marketplace, a pharmacy-anchored shopping center located in El Cerrito. Miami-based Jewell Capital acquired the asset, including its existing debt, for $22.5 million. Located at 11511-11565 San Pablo Ave., the 64,270-square-foot retail center recently underwent a multi-year repositioning. Current tenants include Walgreens, Ross Dress for Less, dd’s Discounts and IHOP. Eric Kathrein, Tim Kuruzar, Bryan Ley …

Colliers Brokers Sale of Eight-Building Office Portfolio Near Sacramento for $23M

SACRAMENTO AND GOLD RIVER, CALIF. — Colliers International’s Institutional Capital Markets team has arranged the sale of an eight-building office portfolio near Sacramento. Cook Endeavors acquired the asset from WHAL Properties for $23 million, or $139 per square foot. Totaling 170,000 square feet, the portfolio includes 11341 and 11335 Gold Express Drive, 11249 Gold Country Blvd. and 11211 Gold Country Blvd. in Gold River, as well as 800 Howe Ave., 3604, 3626 and 3620 Fair Oaks Blvd. in …

King Capital Investments Acquires 67,389 SF Atrium West Office Park in Tigard, Oregon

TIGARD, ORE. — King Capital Investments has purchased Atrium West Office Park, located at 9600 SW Oak St. in Tigard. New York-based HighBrook Investors sold the property for $9.8 million. Built in 1983 and fully remodeled, Atrium West Office Park features 67,389 square feet of office space. Zach Francis of Kidder Mathews represented the buyer in the

CapRock Partners Buys Newly Built 146,500 SF Industrial Building in Phoenix

PHOENIX — CapRock Partners has acquired a newly built industrial building located at 4615 W. McDowell Road in Phoenix. The 146,500-square-foot facility can accommodate up to four light manufacturing and distribution tenants. The building offers two 2,000-square-foot speculative office spaces, 32-foot clear heights, 26 dock-high and four grade-level loading doors and a concrete truck court. Additionally, the eight-acre site is equipped with heavy power capacity (3,600 amps, 277/480 …

CBRE Arranges Sale of Two Multifamily Assets in Springfield, Massachusetts, for $76M

SPRINGFIELD, MASS. — CBRE has arranged the sale of Pynchon Terrace and Edgewater Apartments, a pair of multifamily assets in Springfield, Massachusetts, for $76 million. Pynchon Terrace was built in 1971, renovated in 2006 and totals 250 units in three- and four-bedroom floor plans. Edgewater Apartments was constructed in the mid-1970s, renovated in 2006 and features 362 units that comprise a mix of one- and two-bedroom apartments and three- and four-bedroom townhomes. Simon Butler, Biria St. …

JVM Realty Acquires 121-Unit Luxury Apartment Community in Suburban St. Louis

CLAYTON, MO. — JVM Realty Corp. has acquired Ceylon Apartments, a 121-unit luxury apartment community in Clayton, a suburb of St. Louis. The purchase price was undisclosed. Built in 2017, the transit-oriented property features 13,421 square feet of ground-floor retail space. This is the first acquisition for JVM in the St. Louis area. JVM Management Inc. will manage the

Sunstone Hotel Investors Sells Renaissance Baltimore Harborplace Hotel for $80M

BALTIMORE — Sunstone Hotel Investors has sold Renaissance Baltimore Harborplace, a Marriott-affiliated, 622-room hotel in downtown Baltimore. The Buccini/Pollin Group acquired the asset for $80 million, or $129,000 per room. The hotel is situated along the Inner Harbor at 2020 E. Pratt St. The hotel features 30,000 square feet of flexible meeting and event space, three food and beverage outlets including a waterfront restaurant called Watertable, a 24-hour fitness center and a business …

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