WOODCLIFF LAKE, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $8.8 million sale of a 14-unit apartment building in Woodcliff Lake, located near the New York-New Jersey border. The three-story building at 62 Broadway was completed in 2019 and includes five retail spaces. According to Apartments.com, the building houses one- and two-bedroom units that range in size from 755 to 1,150 square feet. Jason Pucci and Barry Waisbrod of Kislak represented the seller in the transaction, and Michael Todaro of Serhant Real Estate procured the buyer. Both parties requested anonymity.
LAS VEGAS — Lucescu Realty has arranged the sale of Peccole Plaza, a shopping center in Las Vegas. Peccole Enterprises sold the asset to a privately held, Las Vegas-based development and investment company for $38.6 million. Peccole Plaza features 161,978 square feet of gross leasable area that is fully leased to a variety of tenants. Current tenants include Kohl’s, Guitar Center, Golf Galaxy, Walgreens, Jack in the Box, Dotty’s, Green Valley Grocery and Desert Orthopaedic. Mark Lucescu and Tanner Englelage of Lucescu Realty were the sole brokers for the transaction. The Lucescu Realty team represented the seller and procured the buyer in the the deal.
WALNUT, CALIF. — Progressive Real Estate Partners has negotiated the sale of The Shops at Walnut Hills Plaza, a fully leased shopping center located at 18718-18766 Amar Road in Walnut. Portola Real Estate Partners acquired the asset from a Los Angeles-based private investor for $13.5 million. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the deal. Built in 1983, The Shops at Walnut Plaza features 19 e-commerce-resistant tenants, including restaurants, medical, beauty and daily-needs operators. O’Reilly Auto Parts, Little Elephants Kids Place, Osuna’s Mexican Restaurant, Papa John’s Pizza, Native Fields Restaurant, Walnut Hills Family Dentistry, Pediatric Dentistry and Sky Nails are tenants at the 37,173-square-foot property.
LOS ANGELES — Los Angeles-based Dunleer has purchased a multi-tenant industrial building located at 7502-7536 Tyrone Ave. in the Van Nuys neighborhood of Los Angeles for $10.5 million, or $307 per square foot, in an off-market transaction. The name of the seller was not released. Built in 2009, the 34,366-square-foot property features eight units with a clear height of 20 feet, fire sprinklers, 12-foot-by-12-foot loading doors, reserved and gated parking, air conditioning and high-finish space and bathrooms. At the time of acquisition, the property was fully occupied.
MERRILLVILLE, IND. — Quantum Real Estate Advisors Inc. has brokered the sale of a three-building retail and office portfolio in Merrillville for $6.9 million. Brett Berlin and Dan Waszak of Quantum represented the seller, Time Equities Inc. The buyer, a Midwest-based fund, plans to invest significant capital into the value-add properties.
MONTGOMERY, ILL. — Marcus & Millichap has arranged the sale of U.S. 30 Storage, a 500-unit self-storage property positioned along U.S. Route 30 in Montgomery, a western suburb of Chicago. Jon Silvers and Sean Delaney of Marcus & Millichap represented the seller, a trust, and procured the buyer, a national real estate investment firm. The property will be professionally managed by CubeSmart. Located at 1400 Bohr Ave., the 39,660-square-foot asset features 278 non-climate-controlled units and 222 outdoor parking spaces for vehicles, boats and RVs.
BETHESDA, MD. — BXP (NYSE: BXP), the company formerly known as Boston Properties, has sold a 50 percent ownership interest in the corporate headquarters building for global hotelier Marriott International Inc. in downtown Bethesda. The Boston-based real estate development and management firm delivered the 21-story office tower in 2021 and is now selling its stake to its joint venture partner, The Bernstein Cos., at a $430 million valuation. Tommy Cleaver, Bill Shanahan, Dan Grimes and Chloe Neal of CBRE represented BXP in the sale. BXP’s net proceeds in the sale came out to $83 million. In addition to LEED Gold and Fitwel certifications, the Marriott office tower has features a rooftop terrace; grand lobby with an LED wall and three-story atrium; 7,500-square-foot fitness center; collaboration space; two dining offerings; 11,000-square-foot childcare center; and an innovation center with a test kitchen. According to Marriott, the office tower can accommodate roughly 3,500 workers across 2,842 workspaces. The hotel giant fully debuted the tower in fall 2022. “This remarkable headquarters is the result of a shared vision and a strong partnership with BXP,” says Adam Bernstein, president and CEO of The Bernstein Cos. “Together, we delivered a world-class building for Marriott International’s global headquarters …
LEWISVILLE, TEXAS — Newmark has brokered the sale of Aura Avant, a 300-unit apartment community located in the North Texas city of Lewisville. Completed in 2024, Aura Avant features one- and two-bedroom units and amenities such as a pool, fitness center, resident clubhouse, outdoor kitchen and lounge area, a business center, bocce ball court, rooftop terrace and a library. Brian O’Boyle Jr., Brian Murphy and Richard Furr of Newmark represented the seller, Trinsic Residential Group, in the transaction. The buyer was San Diego-based investment firm Cameron Brothers.
FORT WORTH, TEXAS — Bradford Commercial Real Estate Services has negotiated the sale of a 20,298-square-foot IOS (industrial outdoor storage) facility in southeast Fort Worth. The site at 5251-5255 Wilbarger St. spans 1.3 acres and houses two vacant buildings that were originally constructed in 1962. Luke Clardy and Cade Navarro of Bradford represented the Virginia-based seller in the transaction.
LEONIA, N.J. — New Jersey-based investment firm Devli Real Estate has purchased a 37,000-square-foot industrial building in Leonia, located in Bergen County. The building at 100 Leyland Drive features a clear height of 24 feet, four dock-high loading positions and two drive-in doors. David Aboudi of Aboudi Realty brokered the deal. The seller and sales price were not disclosed.