RIVERSIDE, CALIF. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Meridian of Riverside, a 109-bed assisted living facility located in the Inland Empire metro of Riverside. A private equity firm based in Florida sold the community to Ventura Park Management for $6.1 million, or $56,000 per bed. The Blueprint transaction team consisted of Jacob Gehl, Humair Sabir and Scott Frazier.
MANCHESTER, N.H. — CBRE has negotiated the $88.5 million sale of a 640-unit apartment portfolio in Manchester. The properties include Hilltop Ridge and The Highlands at Washington Park, which were both built in the early 1980s. Biria St. John and Simon Butler of CBRE represented the sellers, Hilltop Apartments LLC and WPN Property LLC, in the transaction. The buyer was an affiliate of The DSF Group. Brian Eisendrath, Cameron Chalfant and John Kelly of CBRE’s Capital Markets team secured financing for the buyer through an agency execution. DSF plans to operate the properties as one community in order to gain operational efficiencies. Both of the buildings have new roofs, exterior siding and windows.
MONTCLAIR, N.J. — NAI James Hanson has arranged the sale of a 3,469-square-foot mixed-use building in Montclair. The sales price was undisclosed. Located at 555 Bloomfield Ave. in downtown Montclair, the two-story property consists of retail and office space. The first floor of the building is fully leased to a T-Mobile franchisee. Michael Walters and Fernando Garip of NAI James Hanson represented the private seller in the transaction. The buyer was undisclosed.
TEWKSBURY, MASS. — HFF has brokered the sale of the Residence Inn Boston Tewksbury/Andover hotel in Tewksbury. The sales price was undisclosed. Located at 1775 Andover St., the 130-room hotel was completed in 1990 and comprises 10 three-story buildings. Amenities include a fitness room, car rental station, convenience store, outdoor swimming pool and business center. Daniel C. Peek, Denny Meikleham, Alan Suzuki, KC Patel and Matthew Enright of HFF represented the institutional seller in the transaction. The buyer was Sawyer Realty Holdings LLC.
FORT WORTH, TEXAS — On behalf of one of its separately managed accounts, Transwestern Investment Group (TIG) has acquired a 1.2 million-square-foot industrial complex in Fort Worth from DHL Supply Chain, a German logistics company. Built in 2018, the property features two cross-dock buildings totaling 705,955 square feet and 494,041 square feet, with 36-foot clear heights and access to Interstate 35 and State Highway 114. Dustin Volz of JLL represented the seller in the transaction. CBRE is providing leasing services. The sales price was not disclosed.
AUSTIN, TEXAS — Hillwood has acquired Southpark Commerce Center V, an industrial property in Austin that totals 350,171 square feet across three buildings. Southpark Commerce Center V is located near Interstate 35 and State Highway 71, and within four miles of downtown Austin and Austin-Bergstrom International Airport. Buildings feature rear-load designs, 24- to 28-foot clear heights and ESFR sprinkler systems. The property was 50 percent leased at the time of sale. Trent Agnew, Adam Herrin, John Taylor, Stephen Bailey and Dom Espinosa of HFF represented TDC in the sale.
AUSTIN, TEXAS — Thor Equities Group has purchased 1005 East St. Elmo Road, a 60,000-square-foot office campus in Austin, for $16 million. The property was built in 2017 and fully leased at the time of sale to tenants such as Skull Mechanix and Fuse Architecture Studio. The seller was not disclosed.
CAROL STREAM, ILL. — Clear Height Properties has acquired a two-building industrial facility in Carol Stream for an undisclosed price. The buildings total 64,285 square feet and are 22 percent leased. Building 130 features one exterior dock and two drive-in doors, while Building 150 offers two exterior docks and three drive-in doors. The buildings, constructed in 1987 and renovated in 2005, sit on 3.8 acres with 157 car parking spaces. Kelly Disser and Michael Freita of NAI Hiffman will market the property for lease.
ROLLING MEADOWS, ILL. — Brown Commercial Group has brokered the sale of a 46,807-square-foot industrial building in the northwest Chicago suburb of Rolling Meadows. The sales price was not disclosed. The transaction was a partial sale-leaseback, as the seller, HK&RP LLC will continue to occupy about 27,000 square feet of the building. The buyer, Alliance Moving and Storage, will occupy the remainder of the building and relocate from its space in Elk Grove Village. Dan Brown of Brown Commercial represented the seller, while Jim Pietrarosso of Brown Commercial represented the buyer.
NEW YORK CITY — Ariel Property Advisors has arranged the $4.5 million sale of an eight-unit apartment building in the Crown Heights neighborhood of Brooklyn. The four-story building measures 10,200 square feet and is near the Nostrand Avenue subway station, which provides access to the 2, 3 and 5 subway lines. Jonathan Berman and Michael A. Tortorici represented the undisclosed seller in the transaction. The buyer was also undisclosed.
