GREEN BAY, WIS. — Hanley Investment Group Real Estate Advisors has brokered the $25.4 million sale of Green Bay Plaza, a 232,796-square-foot shopping center anchored by T.J. Maxx, HomeGoods and Ross Dress for Less in Green Bay. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley, in association with ParaSell Inc., represented the seller, Anenberg Asset Management, a family office based in Newport Beach, Calif. The buyer, Chicago-based Core Acquisitions, was self-represented. Built in 1960 and expanded in 2003, Green Bay Plaza is 89 percent occupied. Additional tenants include Burlington, Dollar Tree, Sierra, Five Below, Crunch Fitness and Skechers Outlet. The property is located two miles from Lambeau Field, home of the Green Bay Packers.
Acquisitions
PITTSBURGH — An affiliate of San Antonio-based investment firm LYND Group has acquired Kelly Hamilton Apartments, a 110-unit affordable housing complex in Pittsburgh. The 21-building property is located in the city’s Homewood South neighborhood and offers one-, two- and three-bedroom floor plans. LYND, which plans to implement a capital improvement program, purchased the property through a bankruptcy proceeding in the U.S. Bankruptcy Court for the District of New Jersey.
DUBLIN, OHIO — Woodside Health has acquired Dublin Corners, a three-building retail and medical property located at 5833-5885 Frantz Road in the Columbus suburb of Dublin. The property spans approximately 22,950 leasable square feet on 3.7 acres and is currently fully leased to a mix of tenants in the healthcare, wellness and retail services. A local developer was the seller. Cleveland-based Woodside Health is a private equity firm that invests in healthcare real estate.
BURLESON, Texas — Sagora Senior Living has purchased Wilshire Senior Living, a 100-unit community located in Burleson, approximately 15 miles south of Fort Worth. Situated on 25 acres, the property features four-story buildings with independent living apartments, as well as cottages with attached garages. The community, which opened in 2021, also features assisted living and memory care units. Amenities include a theater room, billiards area and a full-service salon. The seller and sales price were not disclosed.
TULSA, OKLA. — TruCore Industrial, an Oklahoma-based investment firm founded by executives of net-lease brokerage group Stan Johnson Co., has acquired two facilities totaling roughly 58,000 square feet in Tulsa. The facilities at 6566 E. Skelly Drive and 4620 S. Memorial Drive sit on a combined 4.6 acres and were both fully leased at the time of sale to sign maker Fellers Inc. Phillip Butts, Ken Hedrick and Andrew Ragsdale of Colliers brokered the sale. The seller and sales price were not disclosed.
WILLOW GROVE, PA. — Regional development and investment firm DH Property Holdings has purchased an industrial complex in Willow Grove, located north of Philadelphia, for $5.2 million. The facility at 850 Davisville Road houses a 36,597-square-foot warehouse with a clear height of 18 feet, 10 drive-in doors and 81 car parking spaces, as well as 1.1 acres of rentable outdoor storage space. The facility was fully leased to six tenants at the time of sale. Scott Mertz of NAI Mertz represented DHPH in the off-market transaction.
PLANTATION, FLA. — Core Investment Management has acquired Jacaranda Plaza, a 175,084-square-foot shopping center located at the intersection of West Sunrise Boulevard and North University Drive in Plantation. The South Florida property was nearly 98 percent leased at the time of sale to tenants including Publix, Ross Dress for Less, Five Below, Planet Fitness and Dollar Tree. Publix has anchored the center for 25 years, according to JLL. Danny Finkle, Jorge Portela and Evan Lahr of JLL represented the buyer in the transaction. Chris Drew, Brian Gaswirth and Luke Maganas of JLL arranged an undisclosed amount of acquisition financing on behalf of Core.
NORFOLK, VA. — Berkadia has negotiated the sale of Livano Norfolk, a 295-unit apartment community located at 6163 Kempsville Circle in Norfolk. The buyer, Kushner, has rebranded the property as District 757. The seller, LIV Development, delivered the property in 2024. Drew White, Carter Wood and Cole Carns of Berkadia’s Richmond office represented the seller in the transaction. Laura Cathlina and Anna Burns of Berkadia’s Chicago office arranged a Fannie Mae loan for the buyer. The sales price and loan amount were not disclosed. District 757 was 96 percent occupied at the time of sale. The property offers a mix of studios, one-, two- and three-bedroom residences ranging in size from 614 to 1,645 square feet. Amenities include a 12,000-square-foot clubhouse with an entertainment kitchen, lounge areas and gaming spaces, as well as a year-round resort-style pool with sundeck, sky lounge, coworking suites with private offices, business center, EV charging stations and a 24-hour fitness center.
CANTON, GA. — Denver-based Forum Investment Group has purchased The Indigo, a 168-unit apartment community located at 300 Prominence Point Parkway in Canton, a northern suburb of Atlanta in Cherokee County. The seller and sales price were not disclosed. The transaction marks Forum’s first real estate acquisition in nearly five years. Built in 2022, The Indigo features a mix of one-, two- and three-bedroom floorplans ranging in size from 731 to 1,410 square feet, according to Apartments.com. Amenities include a pool, fitness center, grilling and picnic areas and onsite maintenance and package services.
Marcus & Millichap Brokers $5.5M Sale of Retail Center on Kennesaw State University Campus in Georgia
by John Nelson
KENNESAW, GA. — Marcus & Millichap has brokered the sale of University Point, a 12,800-square-foot retail center located on the Kennesaw State University (KSU) campus in northwest Georgia. Located at 1133 Chastain Road NW near I-75, University Point’s tenant roster includes Mellow Mushroom, Jimmy John’s, WingStop, Insomnia Cookies, Tinto’s Café, Vivint Smart Home and the U.S. Marine Corps Recruiting Office. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller, a private real estate owner based in Atlanta, in the transaction. The buyer was also not disclosed.