SAN JUAN, TEXAS — Newmark has brokered the $7.6 million sale of a 54,608-square-foot retail and industrial building in San Juan, located in Hidalgo County in South Texas. The newly renovated building at 801 E. Interstate 2 will house the first store and showroom in the Rio Grande Valley for Bob Mills Furniture, which also purchased the building. Stewart Skloss of Newmark brokered the deal on behalf of Bob Mills Furniture. The seller was not disclosed.
LA PORTE, TEXAS — Atlanta-based Stonemont Financial Group has purchased a 5.8-acre industrial outdoor storage (IOS) facility in La Porte, an eastern suburb of Houston. The site at 615 N. Sixth St. is located at the entrance to Port Houston’s Barbour’s Cut shipping terminal, and the property includes 61,000 square feet of office, maintenance and manufacturing space. The seller and sales price were not disclosed. Stonemont acquired the property in conjunction with a 5.3-acre IOS property in the metro Atlanta area.
ROSLYN, N.Y. — Cushman & Wakefield has brokered the $31 million sale of a mixed-use property in Roslyn, located on Long Island in Nassau County. Built in 2016, Roslyn Lumber Yard comprises 25 luxury residential duplex units and 60,648 square feet of retail space. Retail tenants include the Roslyn Salt Cave, Bout Boxing & Fitness, Northeast Financial Network and Great Shapes Swimwear. Rob Kuppersmith, Dan Abbondandolo, Joegy Raju and Victor Little of Cushman & Wakefield represented both the seller, developer Lumber Earth Realty, and procured the buyer, GB Family Holdings, in the transaction.
PHILADELPHIA — Newmark has arranged the $24.5 million sale of a 95-unit apartment building in the Logan Square neighborhood near downtown Philadelphia. The six-story building at 1600 Callowhill St. was originally constructed in 1926 (renovated in 2019) and offers 2,500 square feet of retail space. According to Apartments.com, units come in studio, one- and two-bedroom floor plans that range in size from 504 to 1,225 square feet, and amenities include a fitness center, sundeck and package handling services. Erin Miller, Steven Schultz and Chris Koehler of Newmark represented the seller, Ivy Realty, in the transaction. The buyer was Turio Residential Co.
PHOENIX — Sares Regis Multifamily Investment Management has sold Level at Sixteenth, a multifamily community in the Biltmore neighborhood of Phoenix. An undisclosed buyer acquired the asset for $61.5 million, or $256,250 per unit. Steve Gebing and Cliff David of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Completed in 2010, Level at Sixteenth offers 240 apartments, temperature-controlled interior corridors, a resort-inspired swimming pool and spa, a two-story fitness center and a parking garage. The apartments, which average 794 square feet, include stainless steel appliance packages and oversized walk-in closets.
MARIETTA, GA. — TSB Realty has arranged the sale of The Indy, a 543-bed student housing community located near the Kennesaw State University campus in Marietta. Heitman purchased the property on behalf of an institutional investor from a joint venture involving Vesper Holdings. Terms of the transaction were not released. Delivered in 2020, the community offers 172 units in a mix of one-, two-, three- and four-bedroom configurations. Shared amenities include a saltwater resort-style pool, 24-hour fitness center, clubhouse, cyber café and coffee bar, game room, indoor and outdoor rooftop lounge, putting greens and fire pits. The Indy was fully occupied at the time of sale.
SCOTTSDALE, ARIZ. — Greystar has completed the disposition of Avana Desert View, an apartment property located at 17030 N. 49th St. in Scottsdale. Knightvest acquired the 412-unit asset for an undisclosed price. Built in 1996 on 18.5 acres, Avana Desert View is a two- and three-story community offering two swimming pools and spas, a playground and sand volleyball court. Apartments feature washers/dryers, stainless steel appliances and walk-in closets. Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the sale and financing for the transaction. Steve Gebing and Cliff David of IPA represented the seller and procured the buyer. Brian Eisendrath, Cameron Chalfant and Tyler Johnson of IPA Capital Markets arranged five years of interest-only acquisition financing for the buyer.
PASADENA, CALIF. — NAI Capital Commercial has arranged the sale of a former assisted living facility located at 1450 N. Fair Oaks Ave. in Pasadena. Agri Capital sold the asset to 1450 N Fair Oaks LLC for $5.1 million, or $180 per square foot of building area and $147 per square foot of land. Stephen Lam, Guillermo Olaiz and John Archibald of NAI Capital represented the seller in the deal. The 28,512-square-foot, 42-unit former nursing facility is situated on a 34,980-square-foot lot and was vacant at the time of sale. The owner plans to repurpose the building as a temporary housing facility focused on mental health support and substance use prevention.
FRANKLIN, N.C. — Marcus & Millichap has brokered the nearly $2 million sale of a single-tenant retail property located at 1370 Siler Road in Franklin, a city in western North Carolina near the Georgia border. Built in 2022 and shadow-anchored by Walmart, the property is net-leased to Aspen Dental, which is occupying the store on a 10-year corporate lease. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller in the transaction. Kevin Smith Sr. and Brandon Sherrill of Marcus & Millichap represented the buyer. Both parties are privately based real estate investors that requested anonymity. Donald Gilchrist, Marcus & Millichap’s broker of record in North Carolina, assisted in the sale. “This transaction highlights continued investor confidence in essential healthcare retail, particularly in premier tertiary markets like Franklin,” says McMinn. “Net-leased dental assets with strong corporate backing remain highly sought after, even as broader market dynamics evolve.”
DENVER — Malman Real Estate has arranged the purchase of a 6,400-square-foot industrial building located at 3645 Brighton Blvd. in Denver. ARN Land Co LLC acquired the asset from 3645 Brighton LLC for $2.1 million. Jake Malman of Malman Real Estate represented the buyer, while Dallas Landry of LC Real Estate Group, along with Jerry Graham and Jamie Dilts of Coldwell Banker Realty, represented the seller in the transaction.