AUSTIN, TEXAS — Locally based brokerage firm Muskin | Elam Group has arranged the sale of Runnymede Apartments, a 252-unit affordable housing complex in North Austin. Information on floor plans and income restrictions was not disclosed. Amenities include a pool, playground, basketball court, resident learning center and onsite laundry facilities. Muskin | Elam represented the seller, a Texas-based nonprofit organization, in the transaction. The buyer and sales price were not disclosed.
HOUSTON — A joint venture between ShopOne Centers, Pantheon and an unnamed institutional investor has acquired Beltway South, a 114,099-square-foot retail center in Houston. Kroger anchors the center, which is also home to tenants such as Petco, Cato Fashions, Subway and State Farm. This transaction marks ShopOne’s first investment in Texas. The seller and sales price were not disclosed.
NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $5.6 million sale of two apartment buildings in the Park Slope area of Brooklyn. The four-story buildings at 334-336 Ninth St. house seven market-rate apartments, one office space and one retail space. Stephen Vorvolakos, Chris Brodhead, Sean Kelly and Nicole Daniggelis of Ariel brokered the deal. The buyer and seller were not disclosed.
CANTON, GA. — The Milestone Group has purchased Legends at Laurel Canyon, a 266-unit, garden-style apartment community located at 100 Legends Drive in Canton, about 43 miles north of Atlanta. The seller and sales price were not disclosed. Built in 2020, Legends at Laurel Canyon offers one-, two- and three-bedroom units averaging 1,227 square feet in size. Amenities include a clubhouse, fitness center, resort-style saltwater pool, gated access, Amazon Hub Lockers, car care center, bike racks and a pet park and spa.
KNOXVILLE, TENN. — Marcus & Millichap has arranged the sale of an 86,584-square-foot store located at 5312 Washington Pike in Knoxville. Kohl’s has fully occupied the freestanding building on a triple-net lease since it was constructed in 1997. A Sephora store-within-a-store was added to the Kohl’s in 2023. The property is situated on 32.7 acres about eight miles from downtown Knoxville and the University of Tennessee. Andrew Antoniou and Dominic Sulo of Marcus & Millichap’s Chicago/Oak Brook office represented the undisclosed seller in the transaction. Jody McKibben served as Marcus & Millichap’s Tennessee broker of record for the deal. The buyer, a locally based investor, purchased the store for an undisclosed price.
HEBRON, KY. — Brennan Investment Group has acquired a 56,000-square-foot industrial facility located at 1010 Petersburg Road in Hebron, about two miles south of Cincinnati/Northern Kentucky International Airport. The facility is situated on more than five acres within Airpark International Corridor, a master-planned industrial park. The Chicago-based investment firm purchased the facility in a sale-leaseback deal with the tenant, a rubber and plastics manufacturer that has occupied the facility for more than 10 years. The sales price and lease terms were not disclosed.
WHITTIER, CALIF. — Brixton Capital has acquired The Quad at Whittier, a nine-building shopping center in Whittier, from an undisclosed seller for $100 million. Located at 13400-13582 Whittier Blvd. and 8415-8330 Painter Ave., the 314,593-square-foot property was 95.5 percent occupied at the time of sale. Current tenants include Vallarta Supermarkets, Marshalls, Ross Dress for Less, T.J. Maxx, Dollar Tree, Petco, Michaels, Five Below and Burlington. The retail center was originally constructed in 1953 and expanded in 1965 with renovations completed over time. Chase Levra and Chris Hoffmann of Eastdil Secured represented the seller, while Brixton was self-represented in the transaction. With this acquisition, Brixton’s retail holdings in Southern California amount to approximately 1.2 million square feet.
SAN DIEGO — Tryperion Holdings, in partnership with a joint venture between Crescent Coast Partners and Stop Partners, has purchased Terraces, a Class A office building in San Diego’s Kearny Mesa submarket. The partnership acquired the six-story property for $30 million in an all-cash transaction that closed on Dec. 19. Situated on 14.7 acres at 5887 Copley Drive, Terraces features 206,000 square feet of office space with average floor plates of approximately 34,288 square feet. The new ownership plans to implement a targeted capital improvement program, beginning with enhancements to common areas and upgrades to the vacant suites. The building features secure, covered parking via a multi-story parking structure and a comprehensive amenity package, including a full-service café, fitness center with showers and lockers, conference facilities, outdoor terraces on floors three through six, a putting green and a sports court. Rick Reeder and Brad Tecca of Newmark represented the undisclosed seller, while Crescent Coast Partners and Stos Partners were self-represented in the transaction. Leasing efforts will continue to be led by Brett Ward, Michael Cassolato and Mike Novkov of Cushman & Wakefield.
PLEASANT PRAIRIE, WIS. — The Barry Co. has brokered the sale of the former warehouse and retail facility for Jelly Belly in Pleasant Prairie. The candy company closed its operations at the property in 2020. The facility is now occupied by Rust-Oleum and SMT Packaging, tenants that were procured by Barry Co. after Jelly Belly moved. Kevin Barry and David Buckley of Barry Co. represented the undisclosed seller. The buyer was 9th and Main LLC.
DOVER, OHIO — Marcus & Millichap has arranged the $3.5 million sale of a 34,658-square-foot medical office building in Dover, about 45 miles south of Akron. The 10-suite property is situated on 5 acres at 340 Oxford St. Built in 2001, the facility is leased to healthcare providers, including OrthoUnited, Trinity Hospital, Retina Associates of Cleveland and Aultman Hospital. The asset is located one mile from Cleveland Clinic Union Hospital. OrthoUnited, the anchor tenant, recently invested more than $1.5 million into its 27.7 percent share of the building. Ryan Moore, Christopher Mitchel and Billy Skoch of Marcus & Millichap represented the seller, an Ohio-based private investor. The buyer was not released.
