DENVER — Malman Commercial Real Estate has arranged the sale of 4600 Ironton Street, an industrial property in Denver. GS Ironton LLC sold the asset to Aspen Ironton LLC for $4.5 million. The property offers 37,636 square feet of industrial space. Jake Malman and Dan Prevedel of Malman Commercial Real Estate represented the seller, while Taylor Roy, also with Malman, represented the buyer in the deal.
LAKEWOOD, COLO. — Quantum Real Estate Advisors has arranged the sale of a freestanding retail building in Lakewood. A West Coast-based private trust sold the asset to a West Coast-based family for $1.8 million. Starbucks Coffee occupies the property, which was sold for 100 percent of list price. Nick Hilgendorf and Zack Hilgendorf of Quantum Real Estate Advisors represented the seller, while Matt Lipson of Northmarq represented the buyer in the transaction.
REDMOND, WASH. — JLL has arranged the $286 million sale of Parkside Apartments, a 664-unit apartment community in Redmond, a northeastern suburb of Seattle and home market of Microsoft. The seller was a partnership between a Texas-based group of investors, previously associated with Dallas-based Lincoln Property Co. Residential and Daiwa House Texas. The buyer was Lakevision Capital, a Silicon Valley-based multifamily investment firm that was founded in 2018. David Young, Corey Marx and Chris Ross of JLL represented the seller and procured the buyer in the transaction. Puget Sound Business Journal reports that the sale is the largest multifamily transaction in 2024 for Washington’s Puget Sound region. Buil in 2021 on 4.5 acres within the Esterra Park master-planned community, Parkside Apartments consists of four five- to eight-story buildings that house studio, one- and two-bedroom units. Residences feature quartz countertops, stainless steel appliances, private balconies, walk-in closets and individual washers and dryers. Amenities include multiple rooftop decks and fitness centers, as well as a pet wash station, entertainment suite and a game lounge. “Parkside Apartments exemplifies the vibrant, well-connected living experience that is highly sought after in this thriving tech region,” said Jason Byrne, who is managing member for the investment. — …
CHARLOTTE, N.C. — Atlanta-based office REIT Cousins Properties is under contract to acquire Vantage South End, a lifestyle office development in Charlotte’s South End neighborhood spanning 639,000 square feet. The Spectrum Cos. and Invesco sold the two-tower property in an off-market transaction for $328.5 million. Built in 2021 and 2022, Vantage South End was 97 percent leased at the time of sale to tenants with a weighted average lease term (WALT) exceeding nine years. Tenants include CBRE, Lending Tree and Grant Thornton, among others.
TUCKER, GA. — Baltimore-based Greenberg Gibbons has entered the Georgia market with its $17.3 million purchase of Northlake Square, an 82,578-square-foot shopping center in Tucker. Built in 1988 at the intersection of Lavista Road and I-285 in metro Atlanta, the shopping center was 98 percent leased at the time of sale to tenants including longtime anchors Aldi and Best Buy. Greenberg Gibbons purchased Northlake Square via Greenberg Gibbons Real Estate Income Fund I, an investment vehicle whose other acquisitions include shopping centers in Tennessee, Florida, the Carolinas and Maryland.
FREDERICK, MD. — KLNB has brokered the $8.3 million sale of a 56,000-square-foot, high-bay warehouse in Frederick, about 40 miles northwest of Washington, D.C. Hercules Custom Iron (HCI), a division of Hercules Fence, purchased the 5.6-acre site at 4607 Wedgewood Blvd., which was formerly home to Flying Dog Brewery. The new Frederick warehouse will triple the size of HCI’s operations and double its shop and office footprint. Marc Balamaci, Ken Fellows, Scott Mendelson and Robert Pugh of KLNB represented the buyer in the transaction. HCI has also tapped KLNB to sell its existing 26,000-square-foot warehouse located at 36 W. Pennsylvania Ave. in nearby Walkersville, Md.
DALLAS — Texas-based investment firm SPI Advisory has acquired Winsted at White Rock, a 314-unit apartment community located in the Lakewood area of northeast Dallas. Built in 1996, the property offers studio, one- and two-bedroom units that are furnished with stainless steel appliances, granite countertops and private balconies/patios. Select units also have full-size washers and dryers. Amenities include a pool, fitness center, outdoor grilling and dining stations, coworking lounge and a resident clubhouse. The seller was not disclosed. SPI Advisory plans to fully renovate the remaining classic units to premium levels, enhance common areas and amenity spaces and finish installing washers and dryers in all residences.
HOUSTON — Colliers has brokered the sale of a 209,000-square-foot office building located at 4265 San Felipe St. in the River Oaks area of West Houston. According to LoopNet Inc., the 14-story building was originally constructed in 1984 and renovated in 2021. David Carter and Todd Moore of Colliers represented the undisclosed seller in the transaction. The buyer, DML Capital, has tapped Stream Realty Partners as the leasing agent.
WEATHERFORD, TEXAS — Locally based brokerage firm The Woodmont Co. has negotiated the sale of The Village at Weatherford, a 44,827-square-foot shopping center located roughly 30 miles west of Fort Worth. Tenants include Dollar General and Rent-A-Center. Russel Wehsener of The Woodmont Co. represented the seller, Sinclair Investments, in the deal. Gibson Duwe and Kyle Poulson of Transwestern represented the undisclosed buyer.
CAROL STREAM, ILL. — Lee & Associates has negotiated the $1.5 million sale of a 4,500-square-foot, former bank property in the Chicago suburb of Carol Stream. The freestanding building at 1275 N. County Farm Road features six drive-thru lanes. Rick Scardino of Lee & Associates represented the buyer, Universal Metro Asian Services, which plans to relocate to the facility and utilize it for adult daycare services. Brendan Reedy and Jimmy Danaher of Mid-America Real Estate represented the seller, GW Carol Stream LLC.