AUSTIN, TEXAS — Locally based investment firm Resolute Capital Partners has purchased Thornton Flats, a 104-unit apartment complex located in south-central Austin. Built in 2017, the garden-style property offers one- and two-bedroom units that feature private balconies/yards. Amenities include a courtyard with a kitchen, fire pit and hammocks, as well as a lounge, business center and a dog park. Patton Jones and Andrew Dickson of Newmark represented the undisclosed seller in the transaction.
FORT WORTH, TEXAS — California-based brokerage firm Faris Lee Investments has arranged the $4 million sale of an 6,300-square-foot retail building in Fort Worth’s Golden Triangle area. Built in 2019, the pad structure is positioned near a Walmart Supercenter and was fully leased at the time of sale to Dunkin’, Golden Triangle Dental, Rosati’s Pizza and Bazooka Charlie’s Barber. Scott DeYoung, Jeff Conover and Greg Lukosky of Faris Lee represented the seller, a national developer, in the transaction. The buyer was a California-based 1031 exchange investor.
FORT MYERS, FLA. — Benderson Development has acquired Cypress Trace, a 280,000-square-foot shopping center located in Fort Myers. Grocer Winn-Dixie anchors the property, which spans 29 acres. Other tenants at the center include Five Below, Burlington and Ross Dress for Less. Benderson’s other recent acquisitions in the state include Carillon Place in Naples, North River Marketplace in Venice, Glengary Shoppes in Sarasota and Linton Commons in Delray Beach.
GASTONIA, N.C. — Gindi Equities has sold Greenview Meadows, a 109-unit multifamily community located in Gastonia, roughly 20 miles west of Charlotte. Gindi, which acquired the property for $10 million in February 2021, sold the community to an undisclosed buyer for $14.5 million. Located at 1613 Greenview Drive, the development features apartments in two- and three-bedroom layouts. Amenities at the community include a pet park, playground, picnic areas and a pool with a newly renovated deck.
HENDERSON, NEV. — Prism Multifamily Group has purchased Cascade Apartments, a multifamily property located at 1100 N. Center St. in Henderson. 3D Investments sold the asset for $45.5 million, or $174,330 per unit. Originally constructed in 1982, Cascade Apartments offers 261 one-, two- and three-bedroom apartments, with an average unit size of 949 square feet, spread across the two-story garden-style community. Patrick Sauter, Art Carll-Tangora, Steve Nosrat and Michael Albanese of Avison Young’s Sauter Multifamily Group represented the buyer and seller in the transaction.
MURRIETA, CALIF. — SRS Real Estate Partners has negotiated the $5 million, or $975 per square foot, sale of a two-tenant retail property within the 26.3-acre The Vineyard Shopping Center in Murrieta. Located at 27970 Clinton Keith Road, the 5,128-square-foot building was constructed in spring 2024. Verizon Wireless and Chipotle Mexican Grill, with drive-thru, fully occupy the property on 10-year, corporate-guaranteed triple-net leases. Winston Guest, Matthew Mousavi and Patrick Luther of SRS Capital Markets represented the seller, a California-based private developer, in the deal. The buyer was a California-based private investor.
PHOENIX — Dallas-based Stonelake Capital Partners has purchased two small-bay industrial buildings in Phoenix’s Deer Valley submarket. At the time of sale, the 80,030-square-foot portfolio was fully leased to two single tenants. Terms of the transaction were not released. The portfolio includes a 34,248-square-foot building at 22200 N. 7th Ave. and a 45,782-square-foot building at 21605 N. Central Ave. Developed in 2000 on 10 acres, the buildings feature gated and secured yards, 24-foot clear heights, grade-level loading and LED lighting. Phil Haenel, Will Strong, Foster Bundy and Katie Repine of Cushman & Wakefield represented the buyer and seller in the deal. Trevor McKendry and Chris Rogers of DAUM provided leasing advisory.
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of Sunnyslope Apartments, a 41-unit multifamily property at 150 E. Hardy Road in Tucson. Urbana @ Oro Valley LLC acquired the asset from Sunnyslope Apartments LLC for $5.6 million. Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR represented the buyer and seller in the deal.
NEW YORK CITY — Marcus & Millichap has brokered the $20 million sale of a portfolio of seven multifamily buildings totaling 124 units in Brooklyn’s Sunset Park neighborhood. The rent-stabilized buildings feature a mix of one- to four-bedroom units. John Brennan, Bryan Ellis and Miles Davis-Bosch of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties were New York-based private investors that requested anonymity.
CINCINNATI — Cincinnati Children’s has acquired a recently constructed office building in the Cincinnati Innovation District that will be home to over 200 employees who focus on non-laboratory research. The health system will occupy the top two floors of the six-story, 180,000-square-foot building at 3090 Exploration Ave. The purchase price was undisclosed. JobsOhio provided a $32 million low-interest loan to help Children’s acquire the property, which was built by Terrex Development & Construction. As part of the agreement with JobsOhio, Children’s committed to creating 100 new research jobs with a payroll of at least $10 million. The health system also committed to increasing research that relies on federal funding. The two floors to be occupied by Children’s encompass a total of 60,000 square feet. The four lower levels will be leased to other organizations. Cushman & Wakefield will market those spaces for lease. The building will also include a breakfast and lunch dining concept, details of which will be announced in the coming months. Build-out of the interior space for Children’s is expected to take nine to 12 months and will be overseen by TriVersity Construction. BHDP Architecture will lead the design. Motz Engineering will handle mechanical, electrical and plumbing, …