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Acquisitions

Stepping-Stone-Apartments-San-Antonio
AcquisitionsMultifamilyTexas

TMG Arranges Sale of 80-Unit Stepping Stone Apartments in San Antonio

by Taylor Williams

SAN ANTONIO — Dallas-based brokerage firm The Multifamily Group (TMG) has arranged the sale of Stepping Stone Apartments, an 80-unit multifamily complex in San Antonio’s Westwood Village neighborhood. Built in 1985, the property offers one- and two-bedroom units with an average size of 701 square feet. Amenities include a pool, outdoor grilling and dining stations and onsite laundry facilities. Paul Yazbeck of TMG represented the seller in the transaction, and Greg Miller of TMG procured the buyer. Both parties requested anonymity.

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Southgate-Shopping-Center-Centennial-CO.jpg
AcquisitionsColoradoRetailWestern

Copper2 Divests of 30,024 SF Southgate Shopping Center in Centennial, Colorado

by Amy Works

CENTENNIAL, COLO. — Copper2 LLC has completed the disposition of Southgate Shopping Center, a neighborhood retail center in Centennial, a suburb of Denver. Arapahoe RHSW LLC acquired the asset for $7.7 million. Located at 6802-6882 S. Yosemite St., the two-building Southgate Shopping Center offers 30,024 square feet of retail space. At the time of sale, the property was 83 percent leased to 13 tenants, including food and beverage, financial services, fitness and personal care services. Jon Hendrickson, Aaron Johnson and Mitch Veremeychik of Cushman & Wakefield represented the seller in the deal.

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AcquisitionsRetailTexas

CenterSquare Acquires 32,797 SF Retail Center in Metro Houston

by Taylor Williams

SPRING, TEXAS — Philadelphia-based CenterSquare lnvestment Management has acquired Gleannloch Crossing, a 32,797-square-foot retail center located in the northern Houston suburb of Spring. The site is located at the intersection of Grand Parkway and Champion Forest Drive. The property was fully leased at the time of sale to tenants such as MOD Pizza, The UPS Store, Subway, Gleannloch Family Dentist, Smoothie King and Salons by JC. The seller and sales price were not disclosed.

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105-E-Dorset-Dr-Dixon-CA
AcquisitionsCaliforniaRetailWestern

Marcus & Millichap Arranges Sale of 12,132 SF Retail Property in Dixon, California

by Amy Works

DIXON, CALIF. — Marcus & Millichap has negotiated the sale of a retail building located at 105 E. Dorset Drive in Dixon, approximately 25 miles southwest of Sacramento. A private investor sold the asset another private investor for $3.6 million. The multi-tenant property features 13,132 square feet of retail space. Michael Grandstaff and Christopher Hund of Marcus & Millichap represented the seller and procured the buyer in the deal.

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AcquisitionsIndustrialMidwestMinnesota

Midloch Investment Partners, Fountain Real Estate Capital Buy Industrial Property in Suburban Minneapolis for $11.9M

by Kristin Harlow

GOLDEN VALLEY, MINN. — A joint venture between Midloch Investment Partners and Fountain Real Estate Capital have acquired Boone Plaza in the Minneapolis suburb of Golden Valley for $11.9 million. The 123,608-square-foot industrial flex property is fully leased to 16 tenants. Constructed in 1984, Boone Plaza is situated on 10 acres at 1000 Boone Ave. North immediately north of the headquarters of General Mills. Some of the tenants at the property include General Mills, Gonyea Custom Homes and Schlage Lock Co. Fountain Real Estate will serve as the leasing broker.

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AcquisitionsMidwestMinnesota

Transwestern Arranges Sale of 65,535 SF Church Building in Hopkins, Minnesota

by Kristin Harlow

HOPKINS, MINN. — Transwestern Real Estate Services has arranged the sale of a church and education facility totaling 65,535 square feet in Hopkins, a western suburb of Minneapolis. The sales price was undisclosed. Eric Rapp of Transwestern represented the buyer, Kingdom Embassy Worship Center, which will renovate the property and use it for both worship and education. Steve Shepherd of Newmark represented the seller, the Parish of Saing Gabriel the Archangel of Hopkins. The building is located at 6 Interlachen Road.

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AcquisitionsHospitalityMidwestWisconsin

Marcus & Millichap Brokers Sale of 67-Room Clarion Pointe Hotel in Tomah, Wisconsin

by Kristin Harlow

TOMAH, WIS. — Marcus & Millichap has brokered the sale of the Clarion Pointe Tomah hotel, a 67-room property in the central Wisconsin town of Tomah. The two-story hotel is located at 2005 N. Superior Ave. Amenities include a hot tub, fitness center, laundry facility, gift shop, playground and gaming lounge. Ebrahim Valliani and Michael Gantman of Marcus & Millichap represented the buyer and seller, both of which were private investors. Marcus & Millichap’s Chris Gomes and Allan Miller were also listed on the deal as supporting brokers, and Todd Lindblom assisted in closing the transaction.

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AcquisitionsConnecticutNortheastRetail

Matthews Brokers $45.5M Sale of Shopping Center in Westport, Connecticut

by Taylor Williams

WESTPORT, CONN. — Matthews Real Estate Investment Services has brokered the $45.5 million sale of Compo Shopping Center in the southern coastal Connecticut city of Westport. The 76,368-square-foot center was approximately 91.5 percent leased at the time of sale, with CVS serving as the anchor tenant. The buyer was Florida-based REIT Regency Centers, and the seller was undisclosed. Joanna Manfro of Matthews brokered the deal.

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AcquisitionsConnecticutMultifamilyNortheast

NEPCG Negotiates $5.2M Sale of Willow Park Apartments in Danbury, Connecticut

by Taylor Williams

DANBURY, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $5.2 million sale of Willow Park Apartments, a 21-unit multifamily complex located in the southern Connecticut city of Danbury. According to Apartments.com, the property exclusively offers one-bedroom units that span 575 square feet. Jeff Wright and Rich Edwards of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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3Waller-Austin
AcquisitionsMultifamilyTexas

JLL Brokers Sale of 259-Unit Multifamily Property in Downtown Austin

by Taylor Williams

AUSTIN, TEXAS — JLL has brokered the sale of 3Waller, a 259-unit multifamily property in downtown Austin. Built in 2022, the property offers studio, one- and two-bedroom micro-units that have an average size of 467 square feet. According to Apartments.com, amenities include a pool, fitness center, coworking space, resident lounge and a rooftop deck. Ryan McBride, Robert Arzola, Robert Wooten, Alex Fernandes and Nick Beardslee of JLL represented the seller, Transwestern, in the transaction. Placemakr acquired the asset for an undisclosed price.

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