TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a multi-property medical office portfolio in Tucson. A private investment group acquired the asset from an undisclosed investment REIT for $6.1 million. The 42,722-square-foot portfolio consists of multiple leased medical buildings at 4892 N. Stone Ave. and the Green Valley Medical Mall at 1055 N. La Canada Drive. Thomas Nieman and Bryce Horner of Cushman & Wakefield | PICOR represented the seller in the deal.
LAS VEGAS — MCA Realty, through its Industrial Growth Fund II, has purchased a multi-tenant industrial building, located at 4205 W. Tompkins Ave in Las Vegas, from a private investor for $4.2 million. Built in 1984, the 19,500-square-foot building features a clear height of 22 feet, seven grade-level roll-up doors, separately metered units with evaporative coolers and a 28,500-square-foot fenced yard. MCA Realty will make significant improvements to the exterior, including new paint, asphalt repairs and new fencing. Interior improvements will include office renovations, new carpet and ceiling tiles, new bathroom fixtures, LED lighting, painting and insulation of the warehouse. Pat Marsh and Sam Newman of Colliers represented both parties in the transaction.
DOUGLASVILLE, GA. — TSCG has brokered the sale of Douglasville Day Centre, a 25,300-square-foot shopping center located in the Atlanta suburb of Douglasville. The sales price was undisclosed. Situated at the intersection of Chapel Hill and Timber Ridge roads, the center was originally built in 2005. The property was fully leased at the time of sale to tenants including Starbucks Coffee, Verizon Wireless, Orangetheory Fitness, Tropical Smoothie Café and Shane’s Rib Shack. Douglasville Day Centre also features four separate outparcels — McDonald’s, Panda Express, Texas Roadhouse and Carrabba’s Italian Grill — that were not included in the sale. Anthony Blanco, Mallory Silva and Serge Du Lau D’Allemans of TSCG represented the seller, a private partnership, in the transaction. A joint venture managed by Crow Holdings Capital was the buyer.
WEST DES MOINES, IOWA — Greysteel has brokered the $38 million sale of Polo Club Apartments in West Des Moines. Built in 1998, the apartment property features 277 two-bedroom units. BJ Connolly, Zach Schneider and Ryan Carter of Greysteel represented the seller, Polo Club LLC/Premier Cos. The undisclosed buyer represented itself and plans to embark on a full renovation of the community.
MARION, ILL. — A division of Woodland Rental Properties LLC, managed by Heartland Realty & Rentals Inc., has acquired 22 newly built apartment units near downtown Marion. The multi-million-dollar transaction is part of a larger strategic investment for the company. Roman Basi and Jason Powell represented Heartland on an internal basis. The units will be available for leasing as they come online.
JACKSONVILLE, FLA. — JLL Capital Markets has facilitated a $68.28 million loan for the acquisition of Arcadia Jacksonville, a 333,725-square-foot cold storage facility in Jacksonville. Melissa Rose, Michael Klein, Wells Waller, Nicole Barba and Preston Bacon of JLL secured the five-year, fixed-rate loan through an insurance company on behalf of the borrower, Manulife Investment Management. Completed in 2024, Arcadia Jacksonville is located within Imeson Industrial Park, which is 10 miles from Jacksonville International Airport. The facility is fully leased to Arcadia Cold Storage & Logistics, a major third-party logistics provider in North America. Arcadia Jacksonville features flexible temperature zones ranging from -20 to 35 degrees Fahrenheit, 50-foot clear heights and 210-foot truck court depths.
TAMPA, FLA. — Continuum Advisors has arranged the sale of a five-property senior living portfolio totaling 340 units in Clermont, Ocala, Brandon, Lecanto and Niceville, Fla. The sales price was not disclosed. David Kliewer and Jay Jordan of Continuum represented the seller, Healthcare Management Partners (HMP), in the transaction, where three separate buyers acquired the five communities.
HUMBLE, TEXAS — A joint venture between Memphis-based investment firm Fogelman Properties and Dallas-based Thackeray Partners has acquired Advenir at Eagle Creek, a 258-unit multifamily property located in the northern Houston suburb of Humble. Built in 2008, the property offers one-, two- and three-bedroom apartments. Amenities include a pool, game room, clubhouse, fitness center and a dog park. The property was 91 percent occupied at the time of sale. The new ownership plans to upgrade unit interiors, amenity areas and landscaping and has rebranded the property as The Fenwick. The seller and sales price were not disclosed.
GRAPEVINE, TEXAS — Charlotte-based investment firm Flagship Healthcare Properties has purchased a 17,724-square-foot medical facility in Grapevine, located in the northern-central part of the metroplex. The building at 2201 Westgate Plaza was built in 2010 and houses clinical office space and a surgery center with eight exam rooms and two operating rooms. The facility was fully leased at the time of sale. The seller and sales price were not disclosed.
NEW YORK CITY — JLL has brokered the $68.5 million sale of a 105-unit apartment building located at 237 11th St. in the Gowanus neighborhood of Brooklyn. Completed in 2017, the 12-story building predominantly houses studio, one- and two-bedroom units, with private balconies/terraces available in select residences. Amenities include a library, fitness center, courtyard and a rooftop deck, and the building also houses 6,264 square feet of commercial space that is fully leased. Jeffrey Julien, Rob Hinckley and Steven Rutman of JLL represented the seller, Trinity Place Holdings, in the transaction and procured the buyer, a partnership between Bluestone Investments and Shel Capital. Michael Shmuely, Michael Zaremski, Robert Tonnessen and John Flynn of JLL arranged $44.5 million in acquisition financing for the deal.