HOUSTON — JLL has arranged the sale of Garden Oaks Shopping Center, a 13,877-square-foot retail strip center in northwest Houston. The center was built in 1950 and was fully leased at the time of sale to tenants such as Upside Pub, Pinks Pizza, Village Liquor, Community Vet and Molly’s Mutt House. Ryan West, John Indelli and Clay Andersen of JLL represented the seller, Fifth Corner, in the transaction. Meredith Cullen and David Cook with Cushman & Wakefield represented the undisclosed buyer.
BREWSTER, N.Y. — New York-based brokerage firm Houlihan Lawrence Commercial has arranged the $18.5 million sale of two warehouses in Brewster, about 55 miles north of Manhattan. The steel-frame buildings span a combined 99,900 square feet across 15 acres near Exit 8 of I-684. John Ravetto of Houlihan Lawrence represented the seller, locally based contractor Alfredo Site Development Co., in the transaction. Stan Putko of Orenda Estates LLC represented the undisclosed buyer.
NEW YORK CITY — Long Island-based investment firm Wexcor Capital has purchased two contiguous apartment buildings in Manhattan’s Washington Heights area for $5.8 million. The six-story buildings were constructed in 1914 and house 61 rent-stabilized units. Aaron Jungreis, Ben Khakshoor and Alex Fuchs of locally based brokerage firm Rosewood Realty Group represented both Wexcor Capital and the seller, Barberry Rose Management, in the transaction. The deal traded at a cap rate of 9 percent.
CHATTANOOGA, TENN. — Urban Story Ventures has acquired a 169,000-square-foot manufacturing facility located at 3800 Amnicola Highway in Chattanooga. New York City-based Arcade Beauty sold the property, which includes two buildings comprising 130,000 and 39,000 square feet, respectively. The larger building features climate-controlled areas and fire suppression, and the second building offers office and industrial flex space. Additionally, the site includes 9.8 acres of undeveloped land zoned for manufacturing. Urban Story will serve as the landlord and property manager for the site as Arcade Beauty transitions to a new location in Chattanooga. The sales price was not disclosed.
CORPUS CHRISTI, TEXAS — Locally based brokerage firm Cravey Real Estate Services has arranged the sale of Buccaneer Apartments, a 342-unit multifamily community in Corpus Christi. The property spans 28.7 acres and offers one- and two-bedroom units. Lynann Pinkham of Cravey Real Estate represented the seller, Fuso Investment Inc., in the transaction. The buyer was an entity doing business as Buccaneer Redevelopment LLC. The sales price was not disclosed.
CLEVELAND, TEXAS — Partners Real Estate has negotiated the sale of a 14,800-square-foot industrial building in Cleveland, located about 50 miles northeast of Houston. The site at 699 US Highway 59 S. spans 17.7 acres. The building was constructed in 2007 and features 24-foot clear heights, according to LoopNet Inc. Wyatt Huff and Hunter Stockard of Partners represented the seller and occupant, farm equipment provider Rakesales, in the transaction. Paul Compton of JLA Realty represented the buyer, American Friction Inc.
PARAMUS, N.J. — First Mile Properties, an affiliate of New York City-based investment firm Crown Acquisitions, has purchased a 287,704-square-foot office building in the Northern New Jersey community of Paramus. The five-story building, which was originally constructed in 1985, was 96 percent leased at the time of sale with an undisclosed financial services firm serving as the anchor tenant. David Bernhaut, Gary Gabriel, Frank DiTommaso and Seth Zuidema of Cushman & Wakefield represented the seller, a joint venture between DRA Advisors and Onyx Equities, in the transaction. The quartet also procured First Mile Properties as the buyer.
HUDSON, MASS. — Los Angeles-based investment firm TruAmerica Multifamily has acquired J Highlands at Hudson, a 158-unit complex located on the western outskirts of Boston. Built on 12 acres in 2005, the property offers one-, two- and three-bedroom units. Amenities include a fitness center, resident clubhouse, community kitchen, playground, basketball court, dog park and outdoor grilling and dining stations. Mike Coyne, Travis D’Amato, Maggie McFarland and Brendan Shields of Walker & Dunlop represented the undisclosed seller in the transaction. Russell Dey and Trevor Fase, also with Walker & Dunlop, arranged acquisition financing for the deal.
CHICAGO — JLL Capital Markets has brokered the $30 million sale of The Retail and Parking at Marina City, a 146,000-square-foot retail, dining and entertainment complex with structured parking along the Chicago Riverwalk. The property, situated at the base of two condominium buildings, is located at 333 N. Dearborn St. in the heart of the city’s River North neighborhood. Designed in 1958 by architect Bertrand Goldberg, the property was designed as a “city within a city” and has been a popular destination for locals and tourists. Prominent retail tenants include Smith & Wollensky, Legal Sea Foods, Yolk, Spin, 10Pin, Tortoise Supper Club and Jefferson Beach Yacht Sales. Michael Nieder, Keely Polczynski and John Dettlaff of JLL represented the seller, Pebblebrook Hotel Trust. Sperry Equities was the buyer.
HANOVER PARK, ILL. — Marcus & Millichap has negotiated the $7.2 million sale of Hanover Square, a 111,828-square-foot shopping center in the Chicago suburb of Hanover Park. Located at 6606 Barrington Road, the property is home to a mix of national, regional and local tenants with two outlots anchored by a full-service grocer and a gymnastics training center. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, a government agency. Buyer information was not provided.