GALVESTON, TEXAS — Houston-based River Oaks Equity Partners has brokered the sale of Oasis Apartments, a 30-unit, Class C property in Galveston. Clint Roberts of River Oaks represented the seller and the buyer, both of which requested anonymity, in the transaction.
SAN FRANCISO — Clarion Partners and LPC West have acquired 215 Fremont, an office building in San Francisco’s financial district for an undisclosed price. Constructed in 1927 and renovated in 2001, the eight-story office building features 360,000 square feet of office space with 45,000-square-foot floor plates and multiple roof decks. Additional building amenities include terraces, bicycle parking, shower facilities, on-site parking and 19,000 square feet of ground-floor retail space. JLL and Eastdil Secured assisted in the transaction.
SAN DIEGO — Brookwood Financial Partners has purchased Four Points Business Park in San Diego’s Kearny Mesa district. San Diego-based Fenway Capital Advisors and Water Asset Management sold the property for $28.2 million. Louay Alsadek and Hunter Rowe of CBRE represented the seller, while Fenway Capital Advisors and Waterfall Asset Management were self-represented. Located at 5575, 5625 and 5675 Ruffin Road, the 124,463-square-foot office campus was 92 percent leased at the time of sale. The asset consists of three freestanding buildings and 590 on-site parking spaces. The sellers acquired the property in 2013.
GREAT FALLS, MONT. — SSG Realty Partners has arranged the sale of Westwood Plaza, a retail center located along the Northwest Bypass in Great Falls, for an undisclosed price. Originally developed as a Pay ‘N Save and Ernst Home Center, the 70,000-square-foot shopping center was renovated in recent years. The current tenant mix includes ULTA Beauty and TJ Maxx. Greg Swedelson and Jon Eric Greene of SSG Realty Partners represented the seller and undisclosed buyer in the deal.
KEARNY, N.J. — Terreno Realty Corp has acquired a 28,000-square-foot industrial facility in Kearny for $14.1 million. Located at48 3rd St., the 4.6-acre transshipment building is fully leased to three tenants. The property is adjacent to Exit 15E of the New Jersey Turnpike. The seller was not disclosed. Terreno acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.
CARLSTADT, N.J. — HFF has brokered the $7.7 million sale of a 71,745-square-foot industrial building in Carlstadt. Located at 463 Barell Ave., the 3.5-acre property features two loading doors, six drive-in doors and clear heights of up to 21 feet. Jose Cruz, Jordan Avanzato, Marc Duval, J.B. Bruno, Kevin O’Hearn, Steve Simonelli and Michael Oliver of HFF represented the undisclosed seller in the transaction. The buyer was Penwood Real Estate.
JERSEY CITY, N.J. — Marcus & Millichap has negotiated the $4.1 million sale of a 22-unit apartment building in Jersey City. Located at 86-88 Charles St., the property is less than onemile from the 9th Street light rail station. Fahri Ozturk and RichardGattoof Marcus & Millichap’s New Jersey office represented the seller, a private investor, in the transaction. The buyer was also a private investor.
OGDENSBURG, N.Y. — Rafinia Property Group has arranged the $2.2 million sale of Seaway Shopping Center, a 102,796-square-foot retail strip in Ogdensburg. The single-story strip center is configured to fit 15 retail spaces and is occupied by Save-A-Lot food stores, Peebles, Family Dollar and a mix of local and regional tenants. The property was constructed in 1960 and significantly upgraded in 2018. Evan Rafinia of Rafinia Property Group represented the undisclosed seller in the transaction. The buyer was a private investor based in New York City.
PHOENIX — A joint venture between Barker Pacific Group and Iron Point Partners has purchased City Square, an office complex in Phoenix, for an undisclosed price. The 736,809-square-foot asset comprises three office towers, two street-level retail buildings and a shared plaza. City Square is the joint venture’s second foray into the Phoenix area. The partnership originally entered the market in 2017 with the acquisition of Mesa Tower. Brett Abramson, Chris Beal and John Bonnell of JLL is the leasing team for the property. The name of the seller was not released.
DENVER — CBRE has negotiated the sale of The Grammercy Apartment Homes, a multifamily property located at 9600 E. Girard Ave. in southeast Denver. Carmel, Ind.-based BH Acquisitions acquired the asset from San Francisco-based FPA The Glen, an affiliate of FPA Multifamily, for $25.8 million. David Potarf, Dan Woodward, Matthew Barnett and Jake Young of CBRE represented the seller. Built in 1974, The Grammercy features 156 studio, one- and two-bedroom units across 13 buildings on 5.3 acres. The community offers an outdoor pool and deck, laundry facilities, reserved parking and a parcel packaging system. Approximately two-thirds of the apartments were recently upgraded with new appliances, flooring, fixtures, hardware, interior paint and resurfaced countertops.