DALLAS — Marcus & Millichap has brokered the sale of a 13,265-square-foot mixed-use building in Uptown Dallas. The three-story building at 3203 McKinney Ave. consists of 5,829 square feet of office/retail space and 7,436 square feet of residential space. Joe Santelli of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.
COLUMBUS, OHIO — Clear Investment Group has acquired a 70-unit, value-add multifamily portfolio in Columbus for an undisclosed price. With this addition, Chicago-based Clear expands its presence in the Midwest to more than 450 units, when combined with a larger portfolio purchased in December 2023. CEO Amy Rubenstein says the acquisition aligns with the company’s growth strategy of finding distressed assets in the workforce housing sector.
MEREDITH, N.H. — Continuum Advisors has negotiated the $11 million sale of Meredith Bay Colony Club, an 85-unit seniors housing property in central New Hampshire. Built in 2008, the continuing care retirement community (CCRC) offers 41 independent living apartments, 20 assisted living residences and 24 memory care units, as well as an additional 18 undeveloped acres for future expansion. Amenities include an indoor pool and a fitness center. The buyer was nonprofit owner-operator Taylor Community.
PAULSBORO, N.J. — Marcus & Millichap has brokered the $2.5 million sale of a 46,236-square-foot shopping center in Paulsboro, located outside of Philadelphia in Southern New Jersey. Save-A-Lot Food Stores and Dollar Tree are the anchor tenants at the property at 545 Broad St. Alan Cafiero, Brent Hyldahl and Seth Goldberg of Marcus & Millichap represented the seller and buyer, both of which were private investors that requested anonymity, in the transaction.
HOUSTON — JLL has brokered the sale of Remington Square, a 392,357-square-foot office complex in northwest Houston. Built in phases between 2008 and 2015, Remington Square comprises three buildings on a 16.7-acre site that can also support the development of a fourth building. Amenities include a restaurant with catering service, a fitness center, tenant lounge and a conference facility. Kevin McConn, Marty Hogan and Rick Goings of JLL represented the seller, institutional investment firm BGO, in the transaction. The trio also procured the buyer, locally based investment firm Interra Capital Group.
HOUSTON — Marcus & Millichap has arranged the sale of a 45,083-square-foot vacant healthcare building located at 11500 Space Center Blvd. in southeast Houston. The property was originally built on 4.3 acres in 2008 within the Village at Clear Point Crossing medical office park and was most recently occupied by Sacred Oaks Behavioral Hospital. Alex Wolansky and Gus Lagos of Marcus & Millichap represented the seller in the all-cash transaction and procured the buyer. Both parties requested anonymity.
MANASSAS, VA. — PRP has sold Manassas Point, a 40-acre data center development site in Northern Virginia’s Prince William County. Data center developer Iron Mountain Inc. purchased the site, which was assembled by PRP between 2022 and 2023 and zoned for heavy industrial, for $113.5 million. Plans at Manassas Point call for a 1.1 million-square-foot data center campus with a 300-megawatt substation. PRP had previously gotten county approval for a three-story design for the data center property and worked with NOVEC (Northern Virginia Electric Cooperative) and Dominion Power on the utilities for the campus. Manassas Point is situated within close proximity to Iron Mountain’s existing data centers in Prince William County.
DAYTONA BEACH, FLA. — Colliers has arranged the $26.4 million sale of Volusia Square, a 193,923-square-foot shopping center located at 2455 W. International Speedway Blvd. in Daytona Beach. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, Lamar Cos., in the transaction. Mosaic Realty Partners purchased the shopping center, which is situated less than 300 yards from Daytona International Speedway. Volusia Square was 97.2 percent leased at the time of sale to tenants including Urban Air Adventure Park, Amped Fitness, Ollie’s Bargain Outlet and Restaurant Depot Express. Three retail outparcels were included in the sale, including two single-tenant buildings occupied by Buffalo Wild Wings and Arby’s and a multi-tenant building leased to Lenscrafters and Cava.
BUFORD, GA. — Locally based Hunter Hotel Advisors has brokered the sale of Fairfield Inn & Suites Atlanta Buford Mall of Georgia, a 96-room hotel located off I-85 in the Atlanta suburb of Buford. Woodvale acquired the property from Hotel Equities for an undisclosed price. Lee Hunter and David Perrin of Hunter Hotel Advisors facilitated the transaction. The hotel is situated in close proximity to its namesake mall, as well as other attractions including The Exchange & Gwinnett, which features a Topgolf, and Lake Lanier. Woodvale plans to fully renovate all guest rooms and public areas, including the hotel’s fitness center, meeting spaces and an indoor pool. Hotel Equities had owned the Fairfield Inn & Suites hotel for nine years.
ALBANY, KY. — Marcus & Millichap has arranged the sale of Westview Shopping Center, a 39,161-square-foot retail center located at 700 Burkesville Road in Albany, a city in southern Kentucky near the border of Tennessee. The property was 97 percent leased at the time of sale to tenants including IGA Hometown Grocery, Dragon Garden, Majors Pizza and Albany Nail Salon. IGA Hometown has anchored Westview since the center was built in 1988. Zach Taylor and Eric Abbot of Marcus & Millichap’s Atlanta office represented the seller, a developer based in Tennessee, in the $1.7 million transaction. The buyer is an undisclosed private investor. Grant Fitzgerald of Marcus & Millichap served as the broker of record in Kentucky for the deal.