REBusinessOnline

Marcus & Millichap Brokers $5.9M Sale of Holiday Inn Express Hotel in Dayton, Ohio

DAYTON, OHIO — Marcus & Millichap has brokered the sale of the Holiday Inn Express & Suites Dayton-Huber Heights for $5.9 million. The 65-room hotel is located at 5610 Merily Way in Dayton. Andrew Bankhurst and Alexandre Duong of Marcus & Millichap marketed the property on behalf of the seller, a private investor. The team also secured and represented the buyer, a limited liability

Acquisitions, Hospitality, Midwest, Ohio

Barry Co. Arranges Land Sale for Future Culver’s Restaurant in Kenosha, Wisconsin

KENOSHA, WIS. — The Barry Company has arranged the sale of a lot that spans about three-quarters of an acre in Kenosha. The buyer, S&L Properties Kenosha 142 LLC, plans to construct a Culver’s restaurant on the site. The lot is located at the intersection of Highway 142 and I-94 and is adjacent to Amazon’s 1.5 million-square-foot distribution campus. Kevin Barry of Barry Co. represented the undisclosed seller. Tom Treder of Founders 3 Real Estate Services represented the buyer. …

Acquisitions, Midwest, Restaurant, Retail, Wisconsin

Reichle Klein Negotiates $1.4M Sale of Dollar General-Occupied Property in Ohio

OREGON, OHIO — Reichle Klein Group has negotiated the $1.4 million sale of a Dollar General-occupied property in Oregon, a suburb of Toledo. Completed in October 2018, the 9,100-square-foot building is located at 2450 Woodville Road. Christian Zaciewski of Reichle Klein represented the seller, Linden Avenue LLC. Net Realty Advisors represented the buyer, California-based Frank Living

Acquisitions, Midwest, Ohio, Retail

Hudson Properties Sells Apartment Complex in Metro Atlanta for $43M

SANDY SPRINGS, GA. — Hudson Properties has sold The Preserve at Dunwoody, a garden-style apartment complex in Sandy Springs. The property is situated near the Chattahoochee River and Chattahoochee Nature Preserve, 20 miles north of downtown Atlanta. The Preserve at Dunwoody was built in 1984 and offers one- and two-bedroom floor plans. Community amenities include two swimming pools with sundecks, internet café, tennis court, fitness center, private lake, clubhouse and a health club. Kevin …

Acquisitions, Georgia, Multifamily, Southeast

Big V Property Group Acquires Shopping Center in Huntsville for $35.9M

HUNTSVILLE, ALA. — Big V Property Group has acquired Westside Centre, a 655,638-square-foot shopping center in Huntsville, for $35.9 million. The property was 74 percent leased at the time of the sale to tenants including Big Lots, Stein Mart, Tuesday Morning, PetSmart, Ross Dress for Less, Shoe Carnival and Party City. Super Target shadow anchors the center. Westside Centre is situated at 6275 University Drive NW, adjacent to the 4,000-acre Cummings Research Park and six miles west of …

Acquisitions, Alabama, Retail, Southeast

Cushman & Wakefield Arranges Sale of 350-Unit Student Housing Community Near University of South Carolina

COLUMBIA, S.C. — Cushman & Wakefield has arranged the sale of The Southern @ 1051, a 350-unit student housing community located near the University of South Carolina in Columbia. The property offers one-, two-, three- and four-bedroom units. Community amenities include a swimming pool, clubhouse, package service, picnic and barbecue area, business center, fitness center and basketball and volleyball courts. Travis Prince, Victoria Marks, Jordan McCarley and Paul Marley of Cushman & …

Acquisitions, Multifamily, South Carolina, Southeast, Student Housing

JLL Negotiates Sale of 224-Unit Apartment Community in Corpus Christi

CORPUS CHRISTI, TEXAS — JLL has negotiated the sale of Parkview Apartments, a 224-unit multifamily community in Corpus Christi. Built in 1969, the property offers one-, two-, three- and four-bedroom units and amenities such as a business center, resident clubhouse and a lounge. Zar Haro, Moses Siller and Robert Arzola of JLL represented the seller, Raybec Management Co. Ltd., in the transaction. The buyer, GVA Real Estate Group, will implement a value-add program at the

Acquisitions, Multifamily, Texas

Endurance Real Estate Acquires 242,960 SF Industrial Building in Hazleton, Pennsylvania

HAZLETON, PENN. — An affiliate of Endurance Real Estate Group LLC has acquired a 242,960-square-foot industrial building in Hazleton, about 100 miles north of Philadelphia. The property, which is located about a mile from Interstate 81, currently serves as a warehouse/distribution facility with a clear height of 32 feet. Endurance, which is headquartered in metro Philadelphia, acquired the asset from Wisconsin-based printing company Quad Graphics, which is also the building’s former …

Acquisitions, Industrial, Northeast, Pennsylvania

Phoenix Realty Group Acquires 280-Unit Multifamily Asset in Fort Collins, Colorado

FORT COLLINS, COLO. — Phoenix Realty Group (PRG), through an affiliated entity and with a third-party partner, has expanded its presence in Colorado with the purchase of Argyle at Willow Springs, a Class B apartment community in Fort Collins, approximately 65 miles north of Denver. Terms of the acquisition were not released. PRG will operate the community and plans to renovate, upgrade and modernize the property. Argyle at Willow Springs will be rebranded as Alvista Harmony. Built in 1999 …

Acquisitions, Colorado, Multifamily, Western

Voit Real Estate Negotiates $9.5M Purchase of Cornerstone Office Center in San Diego

SAN DIEGO — Voit Real Estate Services has negotiated the purchase of Cornerstone Office Center, located at 6020 Cornerstone Court West in San Diego’s Sorrento Mesa submarket. A private investor acquired the property from Newport Beach, Calif.-based MIG Real Estate for $9.5 million. Todd Holley of Voit Real Estate Services represented the buyer, while Louay Alsadek and Hunter Rowe of CBRE represented the seller in the deal. At the time of sale, Cornerstone Office Center was 100 percent …

Acquisitions, California, Office, Western
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