HARRISON AND KEARNY, N.J. — NAI James E. Hanson has brokered the $156.3 million sale of a portfolio of six industrial outdoor storage (IOS) properties totaling 48.7 acres in Northern New Jersey. Four of the properties are located in Harrison, and the other two are located in Kearny. Scott Perkins, Christopher Todd, and William Ericksen of NAI Hanson represented the buyer, Chicago-based Ambient Capital Partners, in the transaction. The seller was not disclosed.
SIMI VALLEY, CALIF. — Archway Capital has provided a $22.8 million loan for the purchase of Simi Valley Town Center, a 637,728-square-foot, open-air retail center situated on more than 42 acres in Simi Valley. Archway closed the non-recourse, two-year loan within 30 days of origination on behalf of the undisclosed borrower. Marshalls, Ulta Beauty, Studio Movie Grill, Five Below, California Pizza Kitchen, Red Robin, Verizon Wireless, Corner Bakery and Starbucks Coffee are tenants at the center, which is located at 1403-1685 Simi Town Center Way and was built in 2005. According to Archway Capital, the new ownership has a strategic plan to reposition the property to lifestyle retail over the next 12 months.
TORRANCE, CALIF. — Berkadia has negotiated the sale of Anza South Apartments, a garden-style multifamily property in Torrance. Gardena, Calif.-based Swami International acquired the asset from Paladin Co. for $11.7 million. Located at 21010 Anza Ave., Anza South Apartments offers 34 residences, averaging 1,121 square feet. The gated community was built in 1964. Steffan Braunlich and Trent Gardner of Berkadia’s El Segundo office represented the seller, while John Barbie of Bro-Deals Los Angeles represented the buyer in the transaction.
DENVER — Pinnacle Real Estate Advisors has arranged the sale of a 6,233-square-foot commercial boutique building at 1532 Emerson St. in Denver. The three-story property traded for $1.3 million. According to LoopNet Inc., the property, informally known as The Gargoyle Building, was originally built in 1937. Nick Schill of Pinnacle represented the seller, an entity doing business as FILROSS 1328 LLC, in the transaction. The buyer was not disclosed.
PEARLAND, TEXAS — A partnership between South Florida-based Eastham Capital and local owner-operator Mosaic Residential has purchased Amber Oaks and Park Place, two adjacent apartment complexes totaling 164 units in the southern Houston suburb of Pearland. Built in 2015, Amber Oaks comprises 16 one-bedroom units and 47 two-bedroom apartments across two three-story buildings. Constructed in 1972, Park Place consists of 21 one-bedroom apartments, 72 two-bedroom residences and eight three-bedroom units across 14 two-story buildings. Residents at both properties have access to shared amenities, including a pool, outdoor grilling and dining stations and onsite laundry facilities. The seller was not disclosed.
RICHARDSON, TEXAS — Locally based brokerage firm Disney Investment Group (DIG) has arranged the sale of Arapaho Village, a 101,507-square-foot shopping center located in the northeastern Dallas suburb of Richardson. A 43,256-square-foot Tom Thumb grocery store anchors the center, which was roughly 92 percent leased at the time of sale. Other tenants include Papa John’s Pizza, Dutch Bros Coffee, WellMed and Anytime Fitness. David Disney and Adam Crockett of DIG represented the seller, New York City-based WASA Properties, in the transaction. An affiliate of Weitzman acquired the center for an undisclosed price. JLL arranged a six-year-fixed-rate acquisition loan through an undisclosed life insurance company for the deal as well as joint venture equity from an unnamed partner.
ALVARADO, TEXAS — Dallas-based brokerage firm Bradford Commercial Real Estate Services has negotiated the sale of a 33,750-square-foot industrial complex in Alvarado, located southeast of Fort Worth. The property consists of three newly constructed buildings on a five-acre site that were 67 percent leased at the time of sale. Shane Benner of Bradford represented the buyer, an entity doing business as Blue Mound Business Park LLC, in the transaction. Jake Petrie of LanCarte Commercial represented the undisclosed seller.
NIXON, TEXAS — Marcus & Millichap has brokered the sale of a 23,957-square-foot retail building in Nixon, about 60 miles east of San Antonio. The building, which sits on 4.4 acres and was completed earlier this year, is occupied by Tractor Supply Co. via a 15-year, corporate-guaranteed lease. Zack House, Mark Ruble and Chris Lind of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Tim Speck of Marcus & Millichap assisted in closing the deal.
SHREWSBURY, MASS. — North Carolina-based investment firm Bell Partners has acquired Quinn35, a 250-unit apartment community located in the central Massachusetts city of Shrewsbury. The property was built in 2018 and has been managed by Bell Partners since 2019. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include a clubhouse and social lounge, a 24-hour fitness center, recreation room with billiards, dog park, outdoor lounge and a heated pool. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, New York City-based Bluerock Real Estate Holdings, in the transaction. Bell Partners has rebranded the property as Bell Shrewsbury.
LOS ANGELES — JEBS Hollywood Entertainment LLC has acquired Dolby Theatre, an iconic live performance entertainment auditorium in Los Angeles’ Hollywood neighborhood. Terms of the transaction, which included two surface parking lots totaling 1.45 acres, were not released. Built in 2001 and home of the Academy Awards since 2002, the 180,000-square-foot theater offers 3,400 seats. The asset is located at 6801 Hollywood Blvd. within the Ovation Hollywood retail complex. Chris Bonbright of Avison Young represented the buyer, while Will Poulsen and Peter Hajimihalis of JLL and Carl Muhlstein of Muhlstein CRE represented the undisclosed seller in the deal. Slatt Capital’s Antonio Hachem, Cornelius Baliukonis and Wendy Wang arranged debt financing, which was provided by Castellan Real Estate Partners. JEBS Hollywood Entertainment is led by Elie Samaha and includes Sherwin Jarol, Jeff Sagansky, Jonah Lazowski, Two Girls Holdings LLC and Sheikh Abdulla Bin Mohamed Al Qasimi through his investment firm, Master Investment Group.