ALTAMONTE SPRINGS, FLA. — Denver-based Sagard Real Estate (formerly EverWest Real Estate Investors) has sold Marketplace at Altamonte, a 335,995-square-foot shopping center located in Altamonte, roughly 16 miles outside Orlando. According to the Orlando Business Journal, an entity associated with Centro Property Management LLC purchased the property for $28.9 million from Sagard’s core equity fund. The center was 55 percent occupied at the time of sale to tenants including Burlington, Ross Dress for Less and Total Wine & More. Sagard originally acquired the center in 2005.
VICTORIA, TEXAS — Newmark has arranged the $28.8 million sale of Aria Victoria, an apartment complex located about 85 miles north of Corpus Christi in South Texas. According to Apartments.com, the property was built in 2015 and totals 240 units. Residences come in one-, two- and three-bedroom floor plans, and amenities include a pool, fitness center, business center, grilling stations, dog park and an outdoor lounge. Brad Shaffer of Newmark represented the undisclosed seller in the transaction. The buyer was an entity doing business as Aria Victoria Apartments LLC.
HOUSTON — JLL has brokered the sale of Lockton Place, a 186,747-square-foot office building in Houston’s Westchase area. The eight-story building was constructed in 1986 and was 96 percent leased at the time of sale, with insurance brokerage firm Lockton serving as the anchor tenant. Amenities include a tenant lounge, café and a fitness center. Rick Goings, Marty Hogan and Kevin McConn of JLL represented the seller, a partnership between Triten Real Estate Partners and Affinius Capital, in the transaction. Florida-based investment firm Galium Capital purchased Lockton Place for an undisclosed price.
AUSTIN, TEXAS — A partnership North Texas-based investment firm M2G Ventures and Austin-based Evergen Equity has purchased a 50,000-square-foot mixed-use property in South Austin. The facility at 211 E. Alpine Drive currently houses industrial, office and retail space. M2G plans to enhance the property’s landscaping, parking and painting, as well as to upgrade common areas, restrooms, interior and exterior lighting and storefronts. M2G will also introduce public art installations and rebrand the property as ALCO and has tapped CSA Realty Group is the leasing agent.
RENO, NEV. — Nuveen Real Estate has purchased an infill industrial portfolio totaling 497,875 square feet in Reno for an undisclosed price. Situated next to the Reno-Tahoe International Airport, the five-building portfolio is currently fully leased. Spanning 27 acres, the portfolio is located at 4681 and 4689 Aircenter Circle and 4745, 4855 and 4980 Longley Lane. The buildings range from 19,000 square feet to 153,000 square feet and offer 24-foot to 25-foot clear heights, 68 dock-high doors, 11 grade-level doors and ample power. Jeff Chiate, Rick Ellison, Matt Leupold and Aubrie Monahan of Cushman & Wakefield’s National IAG — West team, in collaboration with Will Strong, Michael Matchett, Jack Stamets, Molly Hunt and Madeline Warren of the firm’s National IAG — Mountain West team, represented the undisclosed seller.
FORT COLLINS, COLO. — JRK Property Holdings has completed the disposition of Courtney Park, a garden-style multifamily property in Fort Collins, to ColRich Multifamily for $64.1 million. Terrance Hunt, Shane Ozment, Chris Hart and Brad Schlafer of CBRE represented the seller in the deal. Located at 4470 S. Lemay Ave., Courtney Park offers 248 one- and two-bedroom apartments spread across 13 two- and three-story residential buildings. Each unit features stainless steel appliances, walk-in closets, in-unit washers/dryers and private balconies or patios. Community amenities include a clubhouse building, business center, fitness center, swimming pool, hot tub, an outdoor grilling area, a playground, pet park and 441 parking spaces. Built in 1986, the property was renovated in 2008. Renovations include upgrades to the apartment interiors, clubhouse and common area.
SAN YSIDRO, CALIF. — Border Business Center LLC has completed the sale of a four-building industrial park at 464, 494 and 524 W. Calle Primera and 2325 Via Tercero in San Ysidro. Partners Capital Inc. acquired the asset for $15 million. Known as Border Commerce Center, the 69,530-square-foot park offers 51 suites, averaging 1,200 square feet in size. At the time of sale, the property was fully leased. Matt Harris and Matt Pourcho of CBRE represented the seller in the transaction.
SALEM, ORE. — Colorado-based Spartan Investment Group has expanded its footprint in the Pacific Northwest with the acquisition of two self-storage facilities in Salem. Terms of the transactions were not released. Spartan now owns nine self-storage facilities in the Pacific Northwest. Totaling 164,752 net rentable square feet and 1,150 units, the portfolio includes a 633-unit facility with 93,252 net rentable square feet at 350 Glen Creek Road NW and a 615-unit property with 71,500 net rentable square feet at 3715 Blossom Drive NE. Spartan plans to invest in upgrades and expand amenities at both locations.
QUAKERTOWN, PA. — CBRE has negotiated the $5.7 million sale of two industrial buildings totaling 165,175 square feet in Quakertown, about 50 miles north of Philadelphia. The interconnected buildings sit on an 8.1-acre site in the downtown area and were originally constructed in the late 1800s by the Quakertown Electric Light Co. Steve Marzullo, Adam Silverman and Dale Lewis of CBRE represented the seller, a division of Mativ Holdings, in the deal and procured the buyer, Pennsylvania-based Coleman Investment Properties.
TUCSON, ARIZ. — Cavender’s, a Texas-based Western clothing store, has acquired a former Walgreen’s building at Oracle Wetmore Shopping Center in Tucson from Tucson Arizona Partners for $3.7 million. Located at 4220 N. Oracle Road, the 14,875-square-foot store will be the first Cavender’s location in the Tucson market. Aaron LaPrise of Cushman & Wakefield | PICOR represented the seller, while Neil Board and Noah Anastassatos of Western Retail Advisors represented the buyer in the deal.