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Acquisitions

AcquisitionsMultifamilyNorth CarolinaSoutheast

Northmarq Brokers $55M Sale of Braxton at Lake Norman Apartments in Metro Charlotte

by John Nelson

MOORESVILLE, N.C. — Northmarq has brokered the $55 million sale of Braxton at Lake Norman, a 232-unit apartment community located at 118 Plantation Creek Drive in Mooresville, a suburb of Charlotte. Andrea Howard, Caylor Mark, John Currin, Allan Lynch, Jeff Glenn and Austin Jackson of Northmarq represented the seller, Passive Investing, in the transaction. Inwood Holdings LLC purchased the community, which was built in 2014 near I-77. Braxton at Lake Norman is situated on 20 acres near Lake Norman and features apartments averaging 1,055 square feet in size. Amenities include a saltwater swimming pool, 24-hour fitness center with rock climbing wall, drive-thru mail kiosk, car wash station and a pet park and spa.

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AcquisitionsIndustrialSoutheastVirginia

Pearlmark, Seastone Capital Acquire 433,039 SF Industrial Building in Harrisonburg, Virginia

by John Nelson

HARRISONBURG, VA. — A partnership between Pearlmark and Seastone Capital has purchased 1433 Pleasant Valley, a 433,039-square-foot industrial building located off I-81 in Harrisonburg. The seller and sales price were not disclosed. The property was fully leased at the time of sale to two tenants: Marshalls and DRiV Automotive. Built more than 20 years ago on a 30.2-acre site in Virginia’s Shenandoah Valley region, the building is partially cross-docked and features 35-foot clear heights. A major life insurance company provided acquisition financing for the transaction, which represents the fourth investment for Pearlmark’s latest equity fund, Pearlmark Equity Partners II LP.

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AcquisitionsMultifamilySouth CarolinaSoutheast

American Landmark Purchases 304-Unit Ingleside Apartments in North Charleston

by John Nelson

NORTH CHARLESTON, S.C. — American Landmark Apartments has purchased Ingleside Apartments, a 304-unit community located at 9345 Blue House Road in North Charleston. The Tampa-based investor plans to rebrand the property, its seventh in the Charleston metropolitan area, as Sage at Ingleside. The seller and sales price were not disclosed. Built in 2008, Sage at Ingleside offers amenities including a 24-hour fitness center, swimming pool, barbecue/picnic area, multipurpose clubhouse and an onsite dog park.

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AcquisitionsHealthcareOfficeTexas

Solender/Hall Negotiates Sale of 63,000 SF Office Building in Northeast Dallas

by Taylor Williams

DALLAS — Solender/Hall, a brokerage firm that specializes in helping nonprofits, has negotiated the sale of a 63,000-square-foot office building located at 9696 Skillman St. in northeast Dallas. The buyer, nonprofit organization Dallas Metrocare Services, plans to use the three-story building to provide mental health services, housing and homeless assistance. The building will also house a pharmacy and healthcare clinic for military families. BBH Capital Investments sold the property for an undisclosed price.

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Del-Arte-Townhomes-Aurora-CO
AcquisitionsColoradoLoansMultifamilyWestern

CBRE Arranges $15.4M Acquisition Loan for Del Arte Townhomes in Aurora, Colorado

by Amy Works

AURORA, COLO. — CBRE has arranged a $15.4 million loan for Stratford Partners’ acquisition of Del Arte Townhomes in Aurora, just east of Denver. Located at 11135 E. Alameda Ave., Del Arte Townhomes offers 94 one- and two-bedroom apartments with washers/dryers and attached garages. Built in 2001, the community features eight two-story buildings across 6.5 acres. Scott Peterson, Bill Chiles, Brian Cruz and Colby Matzke of CBRE Capital Markets’ debt and structured finance team secured a five-year, interest-only agency loan. CBRE’s Shane Ozment, Terrance Hunt, Andy Hellman and Justin Hunt facilitated the sale of the community.

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AcquisitionsColoradoRetailWestern

Peakview Center Sells Retail Property in Greenwood Village, Colorado for $5.5M

by Amy Works

GREENWOOD VILLAGE, COLO. — Malman Commercial Real Estate has arranged the sale of a multi-tenant retail building in Greenwood Village, a suburb south of Denver. Peakview Center Inc. sold the asset to 215-291 Larchmont Boulevard for $5.5 million. Located at 9251 E. Peakview Ave., the 14,760-square-foot property is fully leased. Jake Malman and Dan Prevedel of Malman Commercial Real Estate represented the seller in the deal.

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2020-Carey-Ave-Cheyenne-WY
AcquisitionsCivicOfficeWesternWyoming

Laramie County Buys 74,476 SF Office Building in Cheyenne, Wyoming for $5.5M

by Amy Works

CHEYENNE, WYO. — Laramie County has acquired 2020 Carey Avenue, an office building in Cheyenne, for $5.5 million. The 74,476-square-foot office building occupies a full city block in Cheyenne’s downtown core. The nine-story building includes two off-street parking lots. James Bowers of Coldwell Banker Commercial The Property Exchange represented the county and the seller, Voss Family Limited Partnership, in the transaction.

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1301-E-33rd-Ave-Denver-CO.jpg
AcquisitionsColoradoMultifamilyWestern

NorthPeak Commercial Negotiates $3.6M Sale of Apartment Building in Denver

by Amy Works

DENVER — NorthPeak Commercial Advisors has arranged the sale of a multifamily property in Denver. The asset traded for $3.6 million, or $238,33 per unit. Located at 1301 E. 33rd Ave., the building offers 15 apartments. Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors represented the undisclosed seller, while Robert Lawson of Pinnacle represented the undisclosed buyer in the deal.

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451-W-Vandalia-Ave-Porterville-CA
AcquisitionsCaliforniaNet LeaseRestaurantRetailWestern

Marcus & Millichap Brokers Sale of Dutch Bros Retail Ground Lease in Porterville, California

by Amy Works

PORTERVILLE, CALIF. — Marcus & Millichap has arranged the sale of a ground lease at 451 W. Vandalia Ave. in Porterville, located in the San Joaquin Valley. A partnership sold the asset to an undisclosed buyer for $1.4 million. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap, along with Adam Christofferson of Marcus & Millichap as broker of record, represented the seller. A drive-thru Dutch Bros coffee shop occupies the 800-square-foot property, which was constructed in 2024, under a new, 15-year, absolute triple-net ground lease featuring 10 percent rental increases every five years and multiple renewal options.

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AcquisitionsMidwestMinnesotaMultifamily

Marcus & Millichap Brokers $12M Sale of Multifamily Property in Suburban Minneapolis

by Kristin Harlow

BROOKLYN PARK, MINN. — Marcus & Millichap has brokered the $12 million sale of The Groves Apartments, a 120-unit multifamily property in the Minneapolis suburb of Brooklyn Park. Built in 1967, the asset features 60 one-bedroom units and 60 two-bedroom units. Amenities include a fitness center, community room, playground and garage units. Zach Olson, Chris Collins, Evan Miller, Eric Wagner and Matt Shide of Marcus & Millichap represented the seller, The Groves Apartments LLC, and procured the buyer, an out-of-state investment group. Jon Ruzicka, broker of record in Minnesota, assisted in closing the transaction.

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