VISTA, CALIF. — Retail Insite has arranged the sale of a vacant retail building located at 940 S. Santa Fe Ave. in Vista, approximately 40 miles north of San Diego. Albertsons Inc. sold the asset to SK Vista LLC for $4.3 million. The buyer plans to open a specialty Indian grocery store at the 27,300-square-foot property, which was formerly a Vons supermarket. Mike Moser of Retail Insite represented the seller in the deal.
SCHAUMBURG, ILL. — Lee & Associates has brokered the sale of a 106,380-square-foot office building in the Chicago suburb of Schaumburg for $3.5 million. The five-story property is located at 930 National Parkway adjacent to Woodfield Mall. The building was originally constructed in 1989 for Cellular One and later occupied by Cingular and AT&T. Tony Russo and Ryan Freed of Lee & Associates represented the seller, Somoha LLC. The buyer, National India Hub Foundation, is a national Indian-American organization focused on local community outreach and volunteering. The buyer plans to convert the property into a multipurpose community center. Plans call for a charity clinic, conference rooms, indoor sports center, auditorium, donation center and event space.
NORWALK AND BRIDGEPORT, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $3.6 million sale of two multifamily properties in southern coastal Connecticut. The building at 33 Woodbury Ave. in Norwalk totals eight units, and the building at 1421 Fairfield Ave. in Bridgeport totals 25 units. The buyers and sellers in both deals requested anonymity. Brad Balletto Jeff Wright, Rich Edwards, Bob Paterno, Chris Bierezowiec and Pat Hegarty of NEPCG brokered the deals.
WOODBRIDGE, VA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $19.9 million sale of a two-building industrial property located at 15111 and 15151 Farm Creek Drive in Woodbridge, about 26 miles south of Washington, D.C. Built in 1986 on an 8-acre site within Featherstone Industrial Park, the 139,818-square-foot property was fully leased at the time of sale to Bekins A1 Storage Inc., a privately held moving and storage company. Robert Filley and Chandler Pace of IPA represented the seller and procured the buyer. Both parties requested anonymity.
RICHMOND, VA. — Matan Cos. has purchased two recently delivered, high-bay industrial facilities within Deepwater Industrial Park in Richmond. Located 2.2 miles from the Richmond Marine Terminal, the assets total 321,000 square feet and feature 36-foot clear heights, 52- by 52-foot bay spacing and visibility from I-95. Hourigan, in collaboration with DSC Partners, delivered the facilities earlier this year. The third building within Deepwater Industrial Park is fully leased to Lowe’s Home Improvement. Matan has tapped Charlie Polk, Gareth Jones and Chris Avellana of JLL to lease the newly acquired assets. Sue Caras, Drake Grier and Evan Parker of JLL arranged acquisition financing through Mesa West Capital. The sales price and loan amount were not disclosed.
SAN ANTONIO — California-based brokerage firm Matthews Real Estate Investment Services has arranged the sale of a 211,000-square-foot warehouse in San Antonio. The building is located on the city’s west side and was originally constructed on 23 acres in 1969 and renovated in 2021. Jeff Miller and Michael Kelleher of Matthews represented the buyer, Evergen Equity, which plans to implement a value-add program. The seller was not disclosed. The building was leased to Flasher Equipment at the time of sale.
DALLAS — California-based investment firm Provender Partners has acquired a 185,569-square-foot cold storage facility in southwest Dallas. According to commercialcafé.com, the property at 5225 Investment Drive was built on 12.3 acres in 1986. Provender Partners, which acquired the facility as part of a $50 million portfolio deal, has also entered into a sale-leaseback agreement with the undisclosed seller. Chris Robinson of Fischer Co. and Scott Delphey with Food Properties Group represented both parties in the portfolio sale.
MILWAUKEE — NAI Greywolf has brokered the sale of Mayfair Apartments in Milwaukee for $9.3 million. Located on North Lovers Lane Road, the apartment community features 134 units in one- and two-bedroom layouts. Thomas Gale and Katrina Gee of NAI Greywolf represented the seller. Buyer and seller information was not provided.
SPRING, TEXAS — Dallas-based brokerage firm STRIVE has negotiated the sale of two multi-tenant retail properties totaling 20,000 square feet in the northern Houston suburb of Spring. Both properties were built in 2022 within Woodson’s Reserve, a master-planned community by Toll Brothers Inc., and are fully leased to a mix of fitness, medical, food-and-beverage and service-oriented users. Jake Dutson of STRIVE represented the seller, Houston-based developer DeisoMoss, in the transaction. The buyers were not disclosed.
CHAMPAIGN, ILL. — Mid-America Real Estate Corp. has brokered the sale of Champaign Town Center, an 85,920-square-foot retail center in the central Illinois city of Champaign. The sales price was undisclosed. Champaign Town Center is leased to five national tenants, including HomeGoods, Ruler Foods, JoAnn Fabrics, Guitar Center and Men’s Wearhouse. Ben Wineman of Mid-America represented the seller, a metro Washington, D.C.-based private investment company. David Tran of Transmercial represented the buyer, a California-based private investor.
