ORLANDO, FLA. — SRS Real Estate Partners has brokered the $3.4 million sale of a new retail property located at 7555 Narcoossee Road in Orlando. Pacific Dental Services has a 10-year, corporate-guaranteed lease in place at the 4,000-square-foot property. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based private developer, in the transaction. A private investment firm based in Colorado purchased the retail building at a 5.85 percent cap rate, according to SRS.
REDWOOD CITY, CALIF. — Walker & Dunlop has secured $113 million in financing on behalf of Acacia Capital for the acquisition of 299 Franklin, a Class A multifamily property located at 299 Franklin St. in Redwood City. Jeff Burns, Chris Botsford, Rene Alvarez, Jeff Conahan and Matt DeMarche of Walker & Dunlop Multifamily Finance team arranged the financing. Built in 2013, 299 Franklin offers 304 market-rate studio, one- and two-bedroom apartments, including 11 direct-access townhomes, with an average unit size of 845 square feet. Community amenities include a rooftop deck, fitness center, swimming pool and spa deck, business and resident lounges, bicycle parking and electric vehicle charging stations.
DENVER — KPR Centers has received $33.9 million in financing for the acquisition of University Hills, a grocery-anchored shopping center in Denver. The name of the seller and final sales price were not released. Sunny Sajnani and Travis Headapohl of Institutional Property Advisors (IPA) Capital Markets arranged the five-year life company financing, which includes fixed-rate, full-term interest-only payments and prepayment open at par for the last year. Tom Lagos of IPA retail investment sales procured the buyer in the sales transaction. At the time of sale, University Hills was fully occupied. Tenants include King Soopers, Michaels, Marshalls, Office Depot and Ulta.
FOLSOM, CALIF. — CBRE has brokered the sale of a medical office building located at 1743 Creekside Drive in Folsom. A private seller sold the asset to an undisclosed buyer for $7.5 million. At the time of sale, the 20,086-square-foot property was fully leased. Tenants include CGT Global, Folsom Orthopedic Surgery and Sports Medicine and Hanger Prosthetics & Orthotics West. The building is situated within the nine-building Willow Creek Medical Office Park, which is adjacent to Dignity Health Hospital. Matt Post, Sammy Cemo and Antony DeLorenzo of CBRE represented the seller in the deal.
CYPRESS, TEXAS — MedProperties, a Dallas-based healthcare real estate private equity firm, has purchased a 44,659-square-foot medical office building in the northwestern Houston suburb of Cypress. Completed in 2024, the building was fully leased at the time of sale to Memorial Hermann Health System and Athlete Training + Health. Capital One and Siemens Financial Services provided acquisition financing for the deal. The seller and sales price were not disclosed.
ST. CLOUD, MINN. — Industrial Realty Group LLC (IRG) has acquired a 965,134-square-foot industrial portfolio in central Minnesota’s St. Cloud for an undisclosed price. The eight buildings are part of the St. Cloud Industrial Park and served as the longtime home to the fulfillment operation of Publisher’s Clearinghouse (PCH). IRG intends to redevelop and lease the buildings as PCH vacates in the near future. IRG owns approximately 4.8 million square feet of space in Minnesota.
BUFFALO GROVE, ILL. — Quantum Real Estate Advisors Inc. has brokered the $3.9 million sale of a roughly 94,000-square-foot shopping center in the Chicago suburb of Buffalo Grove. At the time of sale, the property on West Dundee Road was 51 percent leased to tenants such as Aldi, Dollar Tree and AutoZone. Brett Berlin of Quantum represented the buyer, a private developer based in Illinois that plans to redevelop the center. The previous owner lost the asset to its lender.
CLEMSON, S.C. — Athens, Ga.-based Landmark Properties has acquired The Ridge Clemson, a 616-bed student housing community located at 205 Tiliwa Court near the Clemson University campus in South Carolina. Built in 2018, the property offers 184 fully furnished units in a mix of two-bedroom apartments and four-bedroom townhomes. Shared amenities include a resort-style swimming pool, lazy river, hot tub, jumbotron, clubhouse, full basketball court, dog park, fitness center, study lounges and a coffee bar. TSB Capital Advisors coordinated financing for the acquisition, the terms of which were not disclosed. The community was 97 percent occupied at the time of sale.
GLASGOW, KY. — Marcus & Millichap has arranged the $3.8 million sale of Hillview Apartments, a 72-unit multifamily community located at 200 Shalimar Drive in Glasgow, a city in south Kentucky. Situated approximately 42 miles west of Bowling Green, Ky., the property features one- and two-bedroom apartments and was built in 1974. Zack Hubiak of Marcus & Millichap’s Nashville office represented the seller and procured the buyer in the transaction. Both parties requested anonymity. Grant Fitzgerald, Marcus & Millichap’s broker of record in Kentucky, assisted in closing the transaction.
WARREN, N.J. — Cushman & Wakefield has brokered the sale of a 207,252-square-foot office building in the Northern New Jersey community of Warren. According to LoopNet Inc., the six-story building at 30 Independence Blvd. was originally constructed in 1997 and renovated in 2020. Amenities include a fitness center, conference facilities and a grab-and-go food counter. David Bernhaut, Frank DiTommaso, Maia Sirabian and Bill Baunach of Cushman & Wakefield represented the undisclosed seller in the transaction and procured the buyer, Signature Acquisitions. Brad Domenico of Cushman & Wakefield arranged an undisclosed amount of acquisition financing for the deal. The building was 52 percent leased to six tenants at the time of sale.
