ROYSE CITY, TEXAS — Marcus & Millichap has brokered the sale of a 5,992-square-foot strip retail center in Royse City, located about 45 miles northeast of Dallas. The property was built in 2017 and is leased to Papa John’s, Royse City Urgent Care and Donut Land. Vincent Knipp and Anthony Pucciarello of Marcus & Millichap represented the seller in the transaction. Bill Jordan, also with Marcus & Millichap, represented the buyer, a private investor.
PARAMUS, N.J. — The Goldstein Group, a brokerage firm based in New Jersey, has negotiated the sale of a 17,661-square-foot retail asset in Paramus, located directly across the Hudson River from The Bronx. Outdoor furniture store Harrow’s most recently occupied the property. Before Harrow’s, Maurice Villency Furniture leased the space for more than 30 years. Lew Finkelstein and C.J. Huter of The Goldstein Group represented the seller, 685 LLC, in the transaction. The buyer was a subsidiary of J&M Furniture.
COLUMBUS, OHIO — On behalf of its TSP Value and Income Fund II, Transwestern Investment Group has acquired a 1.5 million-square-foot industrial portfolio in Columbus for an undisclosed price. The portfolio includes three buildings: a 706,162-square-foot building at 3880 Groveport Road; a 403,122-square-foot facility at 3800 Lockbourne Industrial Parkway; and a 398,471-square-foot building at 4150 Lockbourne Industrial Parkway. The portfolio is approximately 50 percent leased to four tenants. The properties feature clear heights of 22 to 24 feet and more than 500 car and 400 trailer parking positions across the three assets. Kurt Sarbaugh and Robin Stolberg of HFF represented the seller, a joint venture between Singerman Real Estate and Green Door Capital. Ken Martin and Brian Carolton of HFF arranged acquisition financing with TBK Bank.
UTICA, MICH. — Marcus & Millichap has arranged the sale of EZ Storage, a 58,590-square-foot self-storage facility in Utica. The sales price was not disclosed. Located at 12700 E. Utica Park Blvd., the 547-unit property includes both climate-controlled and non-climate-controlled units. The facility is 98 percent occupied. Brett Hatcher and Gabriel Coe of Marcus & Millichap marketed the property for sale on behalf of the seller, a limited liability company. The team also secured and represented the buyer, a limited liability company.
CHICAGO — Cawley Chicago has brokered the sale of a 43,325-square-foot industrial building in Chicago for an undisclosed price. The property is situated on 1.8 acres at 4834 S. Oakley Ave. and includes fenced parking and outside storage. Frank Melchert and Stevan Arandjelovic of Cawley represented the seller, MPC Real Estate LLC. Draper and Kramer represented the buyer, Bridgewater Studio Inc., which will occupy the building.
OMAHA, NEB. — StorageMart has acquired the Omaha Mini Storage Portfolio, adding four self-storage facilities to its footprint. The properties, located on Harrison Street, I Street and Industrial Road, offer climate-controlled units as well as drive-up units. StorageMart plans to make renovations to the facilities, including adding perimeter fencing, gates with keypad access and LED lighting. Plans also call for renovated offices, new paint and paving repairs. StorageMart is based in Columbia, Mo.
JOLIET, ILL. — Quantum Real Estate Advisors Inc. has brokered the sale of a two-tenant retail building in Joliet for $2.7 million. Located at 2900 Colorado Ave., the property is fully leased to Dollar Tree and Osaka Hibachi Grill & Sushi. Chad Firsel of Quantum brokered the transaction. A New York City-based private real estate investor purchased the asset from a Chicago-based acquisition and development company.
OVERLAND PARK, KAN. — The Boulder Group has arranged the sale of a single-tenant property net leased to Skechers in Overland Park for $1.5 million. The 6,415-square-foot building is located next to a Walmart Supercenter. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Midwest-based real estate company. A West Coast-based real estate investment company purchased the asset.
NASHVILLE, TENN. — Multifamily investment firm The Sterling Group has sold Hampton Chase Apartments, a 202-unit multifamily community located approximately 10 miles from downtown Nashville. The buyer was Los Angeles-based Lion Real Estate Group, which acquired the asset for $20.7 million. Prior to the sale, Sterling Group renovated 137 units at the property, which was built in 1974. Communal amenities include two swimming pools, a fitness center, clubhouse, picnic area, firepit, sun deck and a playground. Russ Oldham, Brett Kingman and Steve Massey of CBRE represented The Sterling Group in the deal.
NEW YORK CITY — Cushman & Wakefield has arranged the sale of two commercial development sites located on 31st St. in the Astoria neighborhood of Queens for a combined total of $2.9 million. Each site is zoned for mixed-use development and will include a residential component. Stephen Preuss and Andreas Efthymiou of Cushman & Wakefield represented the undisclosed sellers in the transaction. A trio of private investors purchased the property.