HOUSTON — David Z Mafrige Interests (DZMI) has acquired The Tower at 290, a 12-story, 245,846-square-foot office building located near the junction of U.S. Highway 290 and Loop 610 in northwest Houston. The new ownership plans to implement a value-add program and has tapped Stream Realty Partners as the leasing agent. A renovation of the lobby is already underway, and enhancements of various common and amenity spaces are also forthcoming. The seller and sales price were not disclosed.
OKLAHOMA CITY — TruCore Investments, a Tulsa-based firm specializing in Class B industrial deals, has acquired a 142,115-square-foot property in Oklahoma City in a sale-leaseback with an undisclosed tenant. The building sits on 8.5 acres at 13131 Broadway Extension. According to LoopNet Inc., the property was originally built in 1979 and features 22-foot clear heights and 12 dock-high loading doors. Rusty Smith and Allan Meadors of Cushman & Wakefield brokered the deal. TruCore plans to implement a value-add program.
EAST SETAUKET, N.Y. — New York City-based Brixmor Property Group has acquired West Center, a 41,920-square-foot shopping center located in East Setauket on Long Island. The site along State Route 25A is adjacent to Brixmor’s Three Village Shopping Center and boasts a daily traffic count in excess of 18,000 vehicles. Grocer Wild by Nature anchors the property. Other tenants include Walgreens, Pure Barre, Starbucks and AT&T. The seller and sales price were not disclosed.
BRIDGEPORT, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $8.9 million sale of Birdseye Apartments, an 81-unit multifamily complex located in the southern coastal Connecticut city of Bridgeport. According to Apartments.com, the property was built in 1962 and offers studio, one- and two-bedroom units. Brad Balletto, Jeff Wright and Rich Edwards of NEPCG represented the seller in the transaction and procured the buyer, SPA Management Group.
CONOVER, N.C. — JLL has arranged the sale of BSN Medical Distribution Facility, a 149,987-square-foot industrial property located at 1011 Keisler Road in Conover, about 44 miles northwest of Charlotte via N.C. Highway 16. Pete Pittroff, Dave Andrews, Josh McArdle, Michael Scarnato and Allan Parrott of JLL represented the seller, Founders Properties LLC, and procured the buyer, Diamond Properties. The sales price was not disclosed. The tenant, BSN Medical Inc., has more than five years of lease term remaining at the facility. The property was renovated in 2009 and features rear- and side-load configurations, 27 dock-high doors and 82 parking spaces spanning 17.2 acres, which provides potential expansion capacity at the site.
KANSAS CITY, MO. — Bentley Legacy Holdings (BLH) and Pendant Capital have acquired The Raphael Hotel, Autograph Collection, in Kansas City for an undisclosed price. Bentley Legacy Group, the management arm of BLH, has immediately assumed management of the hotel. Located just off Country Club Plaza, The Raphael Hotel has been a Kansas City fixture since 1928. The property originally served as an apartment building before being transformed into a hotel in 1975. The new owners plan to renovate the guest rooms and make enhancements to the lobby and other public spaces. Chaz on the Plaza, the onsite restaurant, will continue operating. The property is designated as a Historic Hotel of America through the National Trust for Preservation and is also listed on the National Register of Historic Places.
WHITESTOWN, IND. — Hudson Investing and Midloch Investment Partners have acquired Jackson Run Townhomes, an 84-unit build-to-rent community in the northwest Indianapolis suburb of Whitestown. The purchase price was undisclosed. Completed in 2023, the property features three- and four-bedroom units averaging 1,897 square feet. The two-story townhomes feature two-car garages and ADT home security systems. Hudson is planning several amenity upgrades, including expansion and enhancement of the existing pet park and the addition of an outdoor gas grilling pavilion.
GARDEN GROVE, CALIF. — Strategic Retail Advisors (SRA) has arranged the sale of a retail building located at 10912 Katella Ave. in the Orange County city of Garden Grove. OC Freedomhouse Church acquired the former Walmart Neighborhood Market from a private investor for $18 million. OC Freedomhouse plans to operate a new religious facility, including church services, an accredited Bible college and a child daycare all within an existing 46,287-square-foot tenant space. Blaine Bush of SRA handled the transaction.
LOS ANGELES — Captiva Partners has purchased a multi-tenant, small-bay industrial building in the North Hollywood neighborhood of Los Angeles for $15.7 million. The name of the seller was not released. Situated on 3.3 acres at 8210-8222 Lankershim Blvd., the 66,400-square-foot asset offers three buildings with 41 suites ranging from 1,200 square feet to 2,400 square feet. Captiva plans to implement a value-add business plan, including a capital improvement program that will address deferred maintenance and improve the property’s functionality and attractiveness.
GOODYEAR, ARIZ. — NAI Horizon has arranged the purchase of an industrial property located at 2760 S. La Luna in Goodyear, a suburb of Phoenix. Packing Solutions for Any Product (PSAP) acquired the asset from Waddell-based A1 Desert Investments for $4.7 million. Built in 2022, the freestanding general industrial office and warehouse facility offers 12,052 square feet of space. Headquartered in Guadalajara, Mexico, PSAP operates 13 manufacturing facilities throughout Mexico and the United States. Jeffrey Garza Walker of NAI Horizon represented the buyer, while Chris Toci of Cushman & Wakefield represented the seller in the deal.
