SEATTLE, WASH. — Marcus & Millichap has brokered the sale of a 5,178-square-foot land parcel at 849 NW Market St. in Seattle. A private investor acquired the asset for $1.8 million, or $51,000 per unit. Jake Morse, Ryan Dinus and Sidney Warsinske of Marcus & Millichap’s Seattle office represented the buyer in the deal. The 5,178-square-foot parcel is fully entitled for a 35-unit multifamily development.
OCALA, FLA. — SRS Real Estate Partners has brokered the $3.5 million sale of a newly delivered restaurant property located at 4916 E. Silver Springs Blvd. in Ocala, a city in Central Florida. The 2,490-square-foot building was delivered last year and was triple-net leased to Chipotle Mexican Grill at the time of sale. The lease includes scheduled rent increases and extension options for Chipotle, which has a 15-year, corporate-guaranteed lease in place. The restaurant is situated on a 1-acre lot near an Aldi grocer store, Walmart Supercenter, Lowe’s Home Improvement and Ross Dress for Less. Patrick Nutt and William Wamble of SRS represented the seller, a national real estate investment and development firm, in the sale. The 1031 buyer is based in Spain and purchased the restaurant at a 4.47 cap rate.
DALLAS — JLL has brokered the sale of Churchill Tower, a 277,187-square-foot office building in North Dallas. Built in 1999 and recently renovated, the 12-story building was 73 percent leased at the time of sale to tenants such as Carr Riggs & Ingram, Level Four Advisory Services, Borden and Relation. Amenities include a fitness center, conference center and a café. Todd Savage, Ben Esterer, Megan Babovec and Andrew Griffin of JLL represented the undisclosed seller in the transaction and procured the buyer, Irving-based TXRE Properties.
LONGVIEW, TEXAS — Senior Living Investment Brokerage (SLIB) has arranged the sale of Haven Care, a 108-bed skilled nursing facility in the East Texas city of Longview. The facility totals 24,653 square feet and is situated on three acres. The seller was a Texas-based partnership, and the buyer was an owner-operator with several other facilities in the state. Both parties requested anonymity. Matthew Alley of SLIB handled the transaction.
DALLAS — Wildcat Management has sold a 4,800-square-foot mixed-use building located at 600 S. Harwood St. near downtown Dallas. The former Liberty State Bank Building is a historic structure that houses retail and office uses. Wildcat originally purchased the building for $1 and relocated the property brick-by-brick from its previous location on Elm Street. The buyer was not disclosed.
MOONACHIE, N.J. — Dora’s Naturals, a distributor of perishable food-and-beverage products, has purchased a 105,000-square-foot industrial property in the Northern New Jersey community of Moonachie for $31 million. The building at 210 W. Commercial Ave. was originally constructed in 1966. Kevin Dudley, Chad Hillyer, Nicholas Klacik, Elli Klapper, Kate Granahan and Brian Fiumara of CBRE represented Dora’s Naturals in the transaction. The seller was Beauty Plus, a provider of wigs and hair extensions.
HARTFORD, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $12.9 million sale of a portfolio of eight apartment buildings totaling 176 units in Hartford. About half of the units in the buildings, which are located near the campus of Aetna Insurance in the downtown area, were recently renovated. Steve Pappas and Jordan Pinto of Chozick Realty represented the seller and procured the buyer, both of which were regional investment firms that requested anonymity, in the transaction.
WILLINGBORO, N.J. — Regional brokerage firm Legacy Realty Group Advisors has arranged the $4 million sale of Kennedy Plaza, a 58,900-square-foot shopping center in Willingboro, roughly 20 miles outside Philadelphia. An unspecified grocery store anchors the property. Jacob Baruch, Jonah Warshaw and Ari Warshaw of Legacy Realty represented the buyer in the transaction. Blaine Foreman of Metro Commercial Real Estate represented the seller. Both parties requested anonymity.
LOS ANGELES — NBP Capital, dba NBP 9401 De Soto LLC, has completed the disposition of a warehouse and distribution facility located at 9401 De Soto Ave. in the Chatsworth neighborhood of Los Angeles. Center Capital Partners, Authentic Capital Group and TPG Angelo Gordon acquired the asset for $41.5 million. Situated on 6.7 acres, the 150,831-square-foot property features 28- to 31-foot clear heights, 12 dock-high loading positions, six ground-level doors, 21,000 square feet of office space and a fenced concrete yard. At the time of sale, the property was fully leased to two high-quality tenants. Mark Esses and Keith Kleinman of California Realty Group represented the seller, while Michael Longo, Barbara Perrier and Bennett Robinson of CBRE National Partners represented the buyer in transaction. The property will serve as the initial investment in a joint venture between TPG Angelo Gordon and Center Capital Partners’ partnership with Authentic Capital Group.
DENVER — Kaufman Hagan Commercial Real Estate has arranged the sale of Lowry Pines, an apartment complex at 835 S. Quebec St. in Denver. The asset traded for $5.1 million, or $151,471 per unit. Lowry Pines offers 34 apartments and an interior courtyard. Andrew Vollert and Brandon Kaufman of Kaufman Hagan Commercial Real Estate represented the seller in the deal.
