BALTIMORE — Continuum Advisors has arranged the sale of The Village at Augsburg, a 313-unit continuing care retirement community (CCRC) in Baltimore. The 50-acre campus comprises 131 independent living apartments, 51 assisted living units and 131 licensed skilled nursing beds. Jay Jordan and Dave Kliewer of Continuum Advisors represented Maryland-based National Lutheran Corp. in the sale of Village at Augsburg to New Jersey-based Outcome Healthcare. The sales price was not disclosed.
NAPERVILLE, ILL. — Standard Real Estate Investments LP and The Vistria Group LP have acquired Haven on Long Grove in the Chicago suburb of Naperville for $94 million. The naturally occurring affordable housing community features 416 units. Pensam Capital was the seller. John Jeager of CBRE brokered the off-market transaction, which included the assumption of an existing, fixed-rate Fannie Mae mortgage serviced by M&T Bank. Situated on 34 acres, Haven on Long Grove features 248 one- and two-bedroom apartments and 168 townhomes. The buyer plans to make targeted improvements.
ST. CHARLES, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VI LP, has acquired a 785,181-square-foot, two-building industrial portfolio in the Chicago suburb of St. Charles. The purchase price for the sale-leaseback transaction with R.R. Donnelley was undisclosed. Located at 609 Kirk Road is a 504,152-square-foot building that was constructed in 1988. The property features a clear height of 30 feet, 45 docks and three drive-in doors. The second building in the portfolio totals 281,029 square feet and is located at 1750 Wallace Ave. Built in 1990, the property features clear heights ranging from 21 to 31 feet, 15 exterior docks and one drive-in doors. Mike Tenteris, Jim Carpenter, Adam Tyler, Scott Goldman and David Friedland of Cushman & Wakefield represented the seller. VK Industrial VI is co-sponsored by Venture One Real Estate and Kovitz Investment Group.
MERRILLVILLE, IND. — Marcus & Millichap has arranged the $2.7 million sale of a 29,335-square-foot retail center located at 2871 E. 81st Ave. in Merrillville. The property is 93 percent leased and is shadow anchored by Home Depot and Target. Austin Weisenbeck, Sean Sharko and Adrian Mendoza of Marcus & Millichap represented the seller, a limited liability company. The team also secured and represented the Chicago-based buyer.
HOUSTON — Locally based brokerage firm Oxford Partners has arranged the sale of a 50,130-square-foot industrial building in West Houston. According to LoopNet Inc., the property at 5919 Bonhomme Road was built on 2.7 acres in 2002 and features 30-foot clear heights and five dock-high doors. Jacob Summers & Dylan Stiteler of Oxford Partners represented the buyer, Unishow Inc., in the transaction. Martin Tijmes of eXp Realty represented the undisclosed seller.
ROSELLE, N.J. — Locally based brokerage firm The Kislak Co. Inc. has arranged the $6.9 million sale of Sheridan Garden Apartments, a 35-unit multifamily complex in the Northern New Jersey community of Roselle. The building was originally constructed in 1928. Joni Sweetwood of Kislak represented the seller, an entity doing business as Sheridan Estate Urban Renewal LLC, in the transaction. Sweetwood also procured the buyer, Harrison Grove Holdings LLC.
WEST CALDWELL, N.J. — Chicago-based investment firm Venture One Real Estate has acquired a 94,739-square-foot industrial building in West Caldwell, about 25 miles west of Manhattan. The multi-tenant building was fully leased at the time of sale and features a clear height of 21 feet, eight docks, two drive-in doors and 164 car parking spaces. Alex Previdi of Lee & Associates represented the undisclosed seller in the transaction.
MESA, ARIZ. — Alliance Residential has completed the disposition of Broadstone Dobson Ranch, an apartment property situated within the Dobson Ranch master-planned community in Mesa. Weidner Apartments Homes acquired the asset for an undisclosed price. Completed in 2023, Broadstone Dobson Ranch features 288 apartments, with nine-foot and 10-foot ceilings, full-size washers/dryers, walk-in closets and private patios or balconies. Community amenities include a central courtyard, resort-style swimming pool and spa, fitness center, resident clubhouse, attached and detached garages, covered parking and controlled-access entry. Steve Gebing and Cliff David of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller, and procured the buyer in the deal. Brian Eisendrath and Cameron Chalfant of IPA Capital Markets secured acquisition financing for the buyer.
GILBERT, ARIZ. — Phoenix Commercial Advisors has arranged the sale of Chandler Heights Village, a shopping center at the corner of Higley and Chandler Heights Village roads in Gilbert. The asset traded for $19.5 million, or $384 per square foot. Totaling 50,763 square feet, Chandler Heights Village was fully leased at the time of sale. Tenants include Papa John’s, Leslie’s, Edward Jones, Jersey Mike’s Subs and Phoenix Children’s Academy. Danny Gardiner and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the deal.
PHOENIX — Cushman & Wakefield has arranged the sale of a last-mile industrial portfolio, totaling 491,152 square feet in Phoenix. The two-building portfolio consists of Canal Crossing, a single-tenant building totaling 155,144 square feet on 10 acres, and Riverside @ 51st, a 336,038-square-foot multi-tenant building on 19.4 acres. At the time of sale, the properties were fully occupied. LaSalle Investment Management acquired Canal Crossing, and Link Logistics purchased Riverside @ 51st. The seller was a joint venture between a privately held national real estate company and a global investment management firm. The prices were not disclosed. Located at 5670 S. 32nd St., Canal Crossing is fully occupied by a leading distributor of aftermarket automotive and RV equipment and accessories in North America. Built in 2015, the facility features 30-foot clear heights, a 130-foot truck court, 37 dock-high doors, two ground-level doors and ESFR sprinklers. Located at 2300 S. 51st Ave., Riverside @ 51st is fully leased to five tenants. Built in 2007, the property features 30-foot clear heights, 135- to 185-foot truck courts, 91 dock-high doors, six ground-level doors and ESFR sprinklers. Will Strong, Kirk Kuller, Michael Matchett and Molly Hunt of Cushman & Wakefield’s National Industrial Advisory Group brokered the …
