SAN ANTONIO — Tampa-based self-storage brokerage firm SkyView Advisors has arranged the sale of 1604 Store and More, a 558-unit self-storage facility in San Antonio. The property totals 140,220 net rentable square feet across 269 climate-controlled units and 289 non-climate-controlled units. Ryan Clark and Cameron Vale of SkyView Advisors represented the undisclosed seller in the transaction.
HOUSTON — Newcor Commercial Real Estate has brokered the sale of a 12,000-square-foot industrial building located at 8715 Golden Spike Lane in Houston. David Alexander of Newcor Commercial represented the seller, NSH Properties, in the transaction. Kyle Prater of Newmark Knight Frank represented the buyer, Hyvonen Properties, which will occupy the property and use it for cold storage.
HOUSTON — Houston-based Orr Commercial has sold Memorial Thicket Corner, an 8,729-square-foot retail strip center in Houston’s Energy Corridor. Completed in 2014, the center was fully leased at the time of sale to tenants such as Mattress Firm, Vision Source and USA Nails. Ryan West and John Indelli of HFF marketed the property on behalf of Orr Commercial. The buyer was not disclosed.
NEW YORK CITY — Cushman & Wakefield has arranged the $8.6 million sale of a four-story, 4,554-square-foot mixed-use building in the SoHo neighborhood of Manhattan. Located at 57 Grand St., the property comprises one ground-floor restaurant and three floor-through loft apartment spaces above. Robert Burton and Bobby Carrozzo of Cushman & Wakefield represented the seller, Granville Equities, in the transaction. The buyer was Lex Jay Realty Corp.
PHILADELPHIA — Binswanger has negotiated the $1.2 million sale of a 91,000-square-foot industrial facility in Philadelphia’s Fairhill neighborhood. Located at 3000 C St., the five-story property features two loading doors, a dry sprinkler system and also includes 2,000 square feet of office space. Mike Torsiello and Chris Pennington of Binswanger’s Philadelphia, office represented the seller, 3 S Properties, in the transaction. When Opportunity Knocks LP purchased the property.
HUNTINGTON BEACH, CALIF. — Stockbridge, on behalf of its Smart Markets Fund, has purchased Edinger Plaza, a power shopping center located at 7490-7664 Edinger Ave. in Huntington Beach. Santa Monica-based Watt Cos. sold the property for an undisclosed price. Developed in 1976 and redeveloped in 2012, the 155,275-square-foot shopping center is situated on 13.4 acres. At the time of sale, the property was 99 percent leased to a variety of tenants, including Nordstrom Rack, Dick’s Sporting Goods, PetSmart and Michaels. Megan Wood, Jimmy Slusher, Sean Heitzler and Philip Voorhees of CBRE’s National Retail Partners-West team represented the seller and buyer in the deal, which was the highest priced retail property transaction in Orange County this year, according to the brokers.
PASADENA, CALIF. — Avison Young has arranged the sale the Artistry Theater Building, located at 600 E. Colorado Blvd. in Pasadena’s Playhouse District. Colorado Creative LLC sold the property to Morton Development Group for $5.3 million. The buyer plans to redevelop the long-vacant property into a retail and office asset. Built in 1931 as a United Artists theatre, the 15,060-square-foot property was first renovated in 1960, but the property has fallen into a long state of disrepair and neglect. Its tenant of more than a decade, Angels School Supply, vacated the building more than three years ago, and the property has been empty ever since. Andrew Berk and Chase Gordon of Avison Young represented the seller, while the buyer was self-represented in the transaction.
WHEATON, ILL. — FPA Multifamily LLC has acquired Wheaton Center, a 758-unit apartment property in the western Chicago suburb of Wheaton. The purchase price was not disclosed. Wheaton Center consists of six buildings, including two 20-story towers and four mid-rise buildings. Units average 927 square feet. Community amenities include a resort-style pool with cabanas, a fitness center, community room, conference room, pet spa, bark park and playground. The property was most recently renovated in 2017. Marty O’Connell, Sean Fogarty, Wick Kirby and Kevin Girard of HFF represented the seller, a joint venture between Draper and Kramer Inc. and Edge Principal Advisors LLC, which had purchased the property for $44.4 million in 2014, according to the Chicago Tribune.
SHAWNEE, KAN. — Timberland Partners has purchased The Retreat of Shawnee for an undisclosed price. The 342-unit multifamily property, originally built in 1984, consists of one- and two-bedroom floor plans. Amenities include a pool, fitness center and clubhouse. Timberland will undertake a $2.6 million improvement plan to renovate units and amenities. Jeff Stingley of CBRE represented the undisclosed seller. This is the seventh and final purchase for Timberland Partners Fund VI.
WEST DES MOINES, IOWA — The Boulder Group has arranged the sale of a single-tenant property net leased to BioLife Plasma in West Des Moines. The newly constructed building is located at 6380 Village View Drive. BioLife Plasma has approximately 14 years remaining on its lease. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Midwest-based investment fund. A West Coast-based real estate fund was the buyer, which also purchased a BioLife Plasma property in Mount Juliet, Tenn.
