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Acquisitions

AcquisitionsSouth CarolinaSoutheastStudent Housing

Core Spaces Acquires 486-Bed Student Housing Community Near University of South Carolina

by John Nelson

COLUMBIA, S.C. — Core Spaces has acquired The Nine at Columbia, a 486-bed student housing community located at 1400 Huger St., which is adjacent to the University of South Carolina campus. The property offers 141 units and townhomes in three- to five-bedroom configurations. Shared amenities include a resort-style pool, fitness center, outdoor fire pit, game area, dog park, clubhouse and private workspaces. The seller and terms of the transaction were not released. The Nine at Columbia was fully occupied at the time of sale.

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AcquisitionsRetailTexas

Partners Real Estate Brokers Sale of 43,060 SF Shopping Center in North Houston

by Taylor Williams

HOUSTON — Partners Real Estate has brokered the sale of Spring Park Village, a 43,060-square-foot shopping center in North Houston. According to LoopNet Inc., the center was built in 2015 and is home to tenants such as McAlister’s Deli, Adriatic Café, Spring Park Dentistry and J’s CBD + Vape Smoke Shop. Marc Peeler and Cobo Fajardo of Partners represented the buyer in the transaction. Additional terms of sale were not disclosed.

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105-Baker-Hollow-Road-Windsor-Connecticut
AcquisitionsConnecticutIndustrialNortheast

JLL Brokers $25.3M Sale of Warehouse in Windsor, Connecticut

by Taylor Williams

WINDSOR, CONN. — JLL has brokered the $25.3 million sale of a 165,625-square-foot warehouse in Windsor, located just outside of Hartford. The building at 105 Baker Hollow Road was completed in 2022 and features 32-foot clear height, 38 loading docks, one drive-in door and parking for 117 cars and 58 trailers. Michael Restivo, David Coffman and Tommy Hovey of JLL represented the seller, a joint venture between Condyne Capital Partners and an account managed by UBS Realty Investors, in the transaction. The buyer was Missouri-based NorthPoint Development.

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101-Station-Landing-Medford-Massachusetts
AcquisitionsMassachusettsNortheastOffice

Newmark Negotiates $11.7M Sale of Office Building in Medford, Massachusetts

by Taylor Williams

MEDFORD, MASS. — Newmark has negotiated the $11.7 million sale of 101 Station Landing, a 160,482-square-foot office building located north of downtown Boston in Medford. The five-story, transit-oriented building includes a café, outdoor plazas and garage parking. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell, William Sleeper, Joseph Alvarado and Casey Valente of Newmark represented the seller, James Campbell Co., in the transaction. The team also procured the buyer, locally based investment firm RJK, which plans to implement capital improvements.

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AcquisitionsNew YorkNortheastOffice

The Malin Opens 32,700 SF Coworking Space in Manhattan’s Flatiron District

by Taylor Williams

NEW YORK CITY — The Malin, a provider of flexible workspace solutions, has opened a 32,700-square-foot space in Manhattan’s Flatiron District. The space spans two floors within 895 Broadway and opened with all 20 private offices and 36 dedicated desks fully leased. The space also features three meeting rooms, a 14-person boardroom, 21 phone booths, two libraries and a mezzanine space for events. The Malin now operates five coworking facilities in New York City and eight across the country.

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9501-244th-St-SW-Edmonds-WA
AcquisitionsMultifamilyWashingtonWestern

Waterton Acquires 386-Unit Brackett Apartments in Metro Seattle

by Amy Works

EDMONDS, WASH. — Waterton has purchased Brackett Apartments, a garden-style multifamily property in Edmonds, a suburb nearly 20 miles north of Seattle, from Intercontinental Real Estate Corp. and TruAmerica Multifamily for an undisclosed price. Located at 9501 244th St. SW, Brackett Apartments offers 386 units spread across 23 three-story residential buildings and two clubhouses across 22 acres. The acquisition brings Waterton’s holdings in the Seattle area to 1,331 units. Waterton plans to implement a value-add renovation program at Brackett Apartments, which was originally built in 1987. The program will add stainless steel appliances, new cabinet fronts and hardware, quartz countertops and new backsplashes, vinyl plank flooring and carpet, as well as new fixtures, hardware, blinds and refreshed paints. The one-, two- and three-bedroom apartments already include in-unit washers/dryers and wood-burning fireplaces. The pet-friendly community features an outdoor pool and open-air hot tub, grilling stations, a fitness center, dog park, miniature golf course and wellness studio. Waterton plans to improve exterior aesthetics and landscaping, as well as reposition common area amenities. Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper of CBRE represented the sellers in the deal.

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Hannover-Industrial-Park-Fremont-CA
AcquisitionsCaliforniaIndustrialWestern

BKM Capital Partners Buys Hannover Industrial Park in Fremont, California for $43M

by Amy Works

FREMONT, CALIF. — BKM Capital Partners, on behalf of BKM Industrial Value Fund III, has acquired Hannover Industrial Park in Fremont for $43 million. An undisclosed seller sold the asset in an off-market transaction. Located in Silicon Valley’s I-880 Corridor, the 165,243-square-foot park consists of six buildings housing nine units with an average size of 18,360 square feet. The asset features a 14 percent overall office component, as well as a secured 67,000-square-foot paved yard. At the time of sale, Hannover Industrial Park was 74 percent occupied. BKM plans to invest $1.3 million in targeted capital improvements to reposition the property and drive tenant demand. Upgrades will include exterior paint, signage, landscaping upgrades, LED warehouse lighting and speculative tenant improvements for the three vacant suites. The asset is located at 4755-4900 Hannover Place and 4377 and 43815 S. Grimmer Blvd.

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Siete-Square-Phoenix-AZ
AcquisitionsArizonaRetailWestern

Rein & Grossoehme Brokers $5M Sale of 35,926 SF Shopping Center in Phoenix

by Amy Works

PHOENIX — Rein & Grossoehme Commercial Real Estate has arranged the $5 million sale of Siete Square, a 35,926-square-foot shopping center located at 4139 W. Bell Road in Phoenix. Mark Rein of Rein & Grossoehme represented the seller, Butterfield Trail LLC, and the buyer, Bell Square LLC, in the transaction. Originally built in 1985, the property was 87 percent leased to tenants including Mattress Max and Georges Baddawi at the time of sale. The center also features a freestanding pad site occupied by Jack in the Box, which was not included in the sale.

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3757-SE-Clay-St-Portland-OR
AcquisitionsMultifamilyOregonWestern

Structure Redevelopment Sells Clay Street Apartments in Portland for $3.1M

by Amy Works

PORTLAND, ORE. — Structure Redevelopment LLC has completed the disposition of Clay Street Apartments, a 7,357-square-foot multifamily property in Portland, to an undisclosed buyer for $3.1 million. Constructed in 2023, Clay Street Apartments features one studio unit, 12 one-bedroom/one-bath units and two two-bedroom/two-bath units with modern fixtures and appliances, luxury vinyl plank flooring, in-unit washers/dryers and air conditioning vent ports. The community is located at 3757 SE Clay St. Jake Holman of Portland-based Norris & Stevens represented the seller, while the buyers were self-represented in the transaction.

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1819-E-St-Sacramento-CA
AcquisitionsCaliforniaIndustrialOfficeWestern

Marcus & Millichap Arranges Sale of 9,600 SF Flex Property in Midtown Sacramento

by Amy Works

SACRAMENTO, CALIF. — Marcus & Millichap has arranged the sale of a single-tenant flex property located in midtown Sacramento. Toms Printing sold the asset to Flower Fist Art Market for $1.7 million. Constructed in 1966, the 9,600-square-foot building is located at 1819 E. St. The seller has operated its business at the location since 1989 until closing in 2015. James Beeghly, Russ Moroz, Christopher Drake, Adbullah Sulaiman and Matt Sulaiman of Marcus & Millichap represented the seller in the deal.

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