SAN ANTONIO — Dallas-based Colony Industrial has purchased Enterprise Industrial Park Building III, a 359,251-square-foot warehouse/distribution property located one mile from Interstate 35 in San Antonio. Developed by Atlanta-based Robinson Weeks Partners, the cross-dock building features 32-foot clear heights, 73 trailer spaces, office space and an ESFR sprinkler system. Colony Industrial acquired Buildings I and II in Enterprise Industrial Park in March.
CARROLLTON, TEXAS — Transwestern has brokered the sale of Edentree, a 360-unit multifamily property in Carrollton, a northern suburb of Dallas. Edentree offers one- and two-bedroom units and amenities such as a pool, fitness center, outdoor picnic area, on-site laundry facilities, business center and a children’s play area. Connecticut-based Beachwold Residential LLC sold the property to an undisclosed buyer that utilized a 1031 exchange to complete the transaction.
FORT WORTH, TEXAS — A private equity fund affiliated with Miami-based investment firm Atlantic | Pacific Cos. has acquired Avana Point, a 324-unit multifamily community in Fort Worth. The property, which has since been rebranded as The Atlantic Station, features one-, two- and three-bedroom units. Amenities include a pool, fitness center, dog park, outdoor grilling areas, business center and a clubhouse. The transaction marks the company’s third acquisition of a multifamily property in Texas in the last 90 days. The seller was not disclosed.
BEDFORD, MASS. — JLL has negotiated the sale of the Xchange at Bedford, a 479,000-square-foot creative R&D and life science campus in Bedford. The property sold for $107.7 million. JLL represented the seller, The Davis Companies, in the transaction. A partnership between Jumbo Capital Management and Sound Mark Partners purchased the eight-building office campus. The Xchange was 89 percent leased to five tenants at the time of sale. The campus is anchored by iRobot’s 272,000-square-foot long-term lease, which runs through 2030. iRobot is an advanced technology company that produces the Roomba Robot Vacuum.
RED BANK, N.J. — HFF has brokered the sale of a 27,000-square-foot mixed-use property in Red Bank. The three-story building is located at 2-10 Broad St. in downtown Red Bank, 25 miles south of New York City. HFF represented the seller, Broad Street Realty Association, in the transaction. Saxum Real Estate purchased the property for an undisclosed sum. The property consists of ground-floor retail, which is fully leased to Urban Outfitters, as well as upper-floor office space. Amenities include views of the Navesink River from the upper floor and a rear terrace.
UPSTATE NEW YORK — Petrakis Properties has acquired six 7-Eleven convenience and fuel locations in Upstate New York. The properties are located in Attica, Warsaw, Elmira Heights, Corning, Hornell and Rochester. Jesse Tufariello of Silber Investment Properties represented the seller, Saunders Management Co., in the transaction. All six properties were previously acquired as part of a larger deal and converted by Saunders to 7-Eleven convenience and fuel stations. The total square footage of the properties is 15,118 square feet.
DALLAS — Common Desk, a Dallas-based coworking and office amenities provider, has acquired The Gym of Social Mechanics, a fitness concept that revolves around body weight movements, yoga and cardio. The east Dallas-based gym was founded in 2013. Common Desk will offer similar fitness services to occupants at the buildings it serves, giving landlords an alternative to developing full-service gyms.
PHILADELPHIA — Rittenhouse Realty Advisors has arranged the sale of a 16-unit apartment building in the Northern Liberties neighborhood of Philadelphia. The property, which is located at 938-940 New Market St., features digitally controlled lights and locks as well as a video intercom system. The building is located near a grocery store, several healthcare providers, fitness studios and numerous popular bars, restaurants and cafes. Rittenhouse represented the seller, a local developer, in the transaction. JOSS Realty Partners represented the buyer, a family office investor who purchased the property for an undisclosed price.
CHICAGO — Echo Development Group Inc. has purchased 2401 W. Grace on Chicago’s northwest side for just under $14 million. AT&T Services Inc., a subsidiary of AT&T, occupies the single-tenant office building. AT&T has completed a renovation of the 93,000-square-foot property and recently announced the addition of 500 call center jobs at the site. The seller was not disclosed.
AURORA, ILL. — Quantum Real Estate Advisors Inc. has brokered the sale of two retail properties in Aurora for an undisclosed price. The sale includes a 31,000-square-foot retail center and a single-tenant building occupied by Walgreens. The retail center was fully leased at the time of sale. Tenants include Dollar General, O’Reilly Auto Parts and Subway. Constructed in 2002, the Walgreens property is approximately 15,000 square feet. Chad Firsel of Quantum represented the seller, a Chicago-based investor. Daniel Waszak of Quantum represented the buyer, a Colorado-based private investor.
