WESTFIELD, IND. — CenterSquare has acquired Casey Corner, an 80-unit build-to-rent townhome community that is under construction in Westfield, a northern suburb of Indianapolis. The acquisition of completed homes will occur in stages as the project is built. The final deliveries are slated for February 2024. Units average 1,750 square feet with three bedrooms and attached two-car garages. The seller and purchase price were undisclosed.
THOUSAND OAKS, CALIF. — Black Lion has purchased a shopping center located at 692 N. Moorpark Road in Thousand Oaks, for $8 million. The name of the seller was not released. Whole Foods Market anchors the 23,958-square-foot retail center, which will undergo rebranding. At the time of acquisition, the 11-storefront property was 55 percent occupied. The buyer plans to implement upgrades to the asset including a façade renovation, new roof and parking lot. Dan Tyner of JLL represented the buyer and seller in the transaction.
CINCINNATI — Marcus & Millichap has arranged the $1.6 million sale of a 6,640-square-foot property occupied by DaVita in Cincinnati. The net-leased building is located at 6929 Silverton Ave. near Mercy Health Hospital. Austin Weisenbeck, Sean Sharko and Daniel Chumbley of Marcus & Millichap represented the seller, a limited liability company. The asset sold to an out-of-state buyer.
SHEBOYGAN, WIS. — Club Car Wash has purchased two acres at 4433 Vanguard Drive in Sheboygan, about 57 miles north of Milwaukee. The purchase price was undisclosed. Joe Kleiman and Adam Dreier of Mid-America Real Estate represented the buyer. The seller was an entity doing business as 4433 Vanguard Outlots LLC.
SAN ANTONIO — Austin-based investment firm Harbor Capital has acquired a 198,000-square-foot industrial property located at 10120 Fischer Road in southwest San Antonio. The vacant facility can support either manufacturing or distribution uses. Built on roughly 10 acres in 2008, the property features 40-foot clear heights, 24 dock-high doors, one drive-in door, 94 car parking spaces, 130-foot truck court depths and 7,000 square feet of office space. Stan Nowak and Sam Bush of Avison Young represented Harbor Capital in the transaction. Trent Agnew, Josh Villarreal and Greer Shetler of JLL represented the seller, Becknell Industrial.
SUGAR LAND, TEXAS — JLL has arranged the sale of 77 Sugar Creek, a 143,410-square-foot office building located in the southwestern Houston suburb of Sugar Land. The six-story building was renovated in 2018 and was roughly 64 percent leased at the time of sale. Rick Goings, Marty Hogan and Will Sledge of JLL represented the seller, CW Capital, in the transaction. Locally based investment firm InLight Capital purchased the asset for an undisclosed price.
SAN ANGELO, TEXAS — Marcus & Millichap has brokered the sale of a portfolio of two multifamily properties — Capri Apartments and Bryant Place — in the West Texas city of San Angelo. According to LoopNet Inc., Capri Place totals 24 units and was built in 1968, while Bryant Place consists of 10 units and was constructed in 1974. William Stover Jr. of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Additional terms of sale were not disclosed.
HOOVER, ALA. — Marcus & Millichap has brokered the $4.9 million sale-leaseback of 5 Inverness Center Parkway, a 15,851-square-foot office building in Hoover. Built in 2005, the three-story office building was fully leased at the time of sale to eQRP Inc., a self-directed 401k company. The property features common areas, conference rooms, a fitness center and a podcast studio. The tenant, an entity doing business as Fuden LLC, sold the property to Wakefield Enterprises LLC and leased the property back. Brian Higdon and Nick Neuroth of Marcus & Millichap’s Birmingham office represented the seller in the transaction.
IRVINGTON, N.J. — Locally based brokerage firm The Kislak Co. Inc. has arranged the sale of a portfolio of seven multifamily properties totaling 190 units in the Northern New Jersey community of Irvington. The buildings within the portfolio range in size from 11 units to 37 units and have six retail spaces across them. Joni Sweetwood of Kislak represented the seller, a publicly traded Canadian investment firm, in the transaction and procured the buyer. Both parties requested anonymity.
WINDSOR, CONN. — First National Realty Partners (FNRP) has acquired Windsor Court, a 78,500-square-foot shopping center located roughly 10 miles outside Hartford. A 64,195-square-foot Stop & Shop grocery store anchors the property. Other tenants include AT&T, Windsor Court Wine, Great Clips and Edible Arrangements. Paul Penman and Johnathan Martin of Newmark represented the undisclosed seller in the transaction.