HOUSTON — Harbor Capital has purchased a 50,000-square-foot industrial property in northwest Houston. The newly built, multi-tenant property is known as The Workshops at Breen. Brandon Wuntch and Drew Altmann of Cresa represented the seller, Zermeno GTB LP in the transaction. Austin Honey, Tim Thomas, Andrew Nguyen and Jace Martin of LandPark Brokerage represented Harbor Capital.
PLYMOUTH, MASS. — A partnership between New York-based retail investment firm DLC and Temerity Strategic Partners has acquired Colony Place, a 400,000-square-foot shopping center located south of Boston in Plymouth, for $86 million. Phase I of Colony Place was constructed between 2005 and 2008, and Phase II was completed in 2016. Colony Place was 94 percent leased at the time of sale. Tenants include Aldi, Best Buy, Dick’s Sporting Goods, Burlington, Bath & Body Works, Michaels, Five Below, Gamestop and Men’s Wearhouse. The seller was not disclosed.
WAUKESHA, WIS. — Mid-America Real Estate Corp. has brokered the sale of Silvernail Plaza, a 116,135-square-foot shopping center in the western Milwaukee suburb of Waukesha. The sales price was undisclosed. Major tenants at the property include grocer Metro Market and Dollar Tree. Outlots Wendy’s, Arby’s and Firestone were included in the sale. Rick Drogosz, Dan Rosenfeld and Scott Satula of Mid-America represented the seller, United Properties. Essential Growth Properties was the buyer.
OAK LAWN, ILL. — Interra Realty has arranged the $3.1 million sale of a multifamily portfolio in Oak Lawn, a southwest suburb of Chicago. Each of the three buildings on Mansfield Avenue houses eight units. At the time of sale, the buildings were 96 percent occupied. Michael Duckler of Interra represented the seller, a private investor. The seller replaced water tanks, added new windows, repaired roofs and completed painting and carpeting.
OSCEOLA, IND. — Marcus & Millichap has negotiated the sale of McKinley Penn Self-Lock Storage in Osceola, a city in northern Indiana. The 33,380-square-foot self-storage facility is located at 10386 McKinley Highway. The 164-unit, two-building property features new roofs, updated security features and a new insomniac kiosk. Sean Delaney of Marcus & Millichap represented the buyer and seller, both of which were limited liability companies. Josh Caruana assisted in closing the transaction as the broker of record in Indiana.
BELLEFONT, PA. — Marcus & Millichap has brokered the $10.1 million sale of a retail building in Bellefont, about 120 miles northwest of Harrisburg, that is net leased to grocer Giant Food. The building was constructed in 2022 and is part of Paradise Shopping Center. Dean Zang, Brad Nathanson and David Crotts of Marcus & Millichap represented the seller, a Pennsylvania-based developer, in the transaction. JRW Realty represented the buyer, an affiliate of Exchange Right.
OGDEN, UTAH — Investor Capital Group has completed the disposition of The Falls at Canyon Rim, a multifamily property in the Salt Lake City suburb of Ogden. TruAmerica Multifamily purchased the asset for an undisclosed price. Built in 2001 on more than 14 acres, the 12-building community features 288 one-, two- and three-bedroom apartments ranging in size from 937 square feet to 1,420 square feet. Each unit offers full-size washers/dryers, plank flooring and a private patio or balcony. Community amenities include two playground areas, a swimming pool and tennis court. Danny Shin and Brock Zylstra of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.
MERCER ISLAND, WASH. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 50-unit assisted living and memory care community in Mercer Island, located in Lake Washington just east of Seattle. The property was built in 1990. Its name was not disclosed. The seller was a private real estate fund. The buyer is a Northwest-based owner-operator looking to expand its portfolio in Washington. The new owner plans to remodel the community Jason Punzel and Daniel Geraghty handled the transaction for SLIB.
RIO RICO, ARIZ. — Arizona Food Bank Network has acquired 35,920 square feet of industrial space at 13 Calle Cristina in Rio Rico, approximately 60 miles south of Tucson near the Mexico border. ACKA #3 Partnership sold the property for $2.7 million. Jose Dabdoub of Cushman & Wakefield | PICOR represented the seller, while Brian Uretzky of Keyser represented the buyer in the deal.
FORT WORTH, TEXAS — JLL has arranged a Freddie Mac acquisition loan of an undisclosed amount for Monticello Apartments, a 116-unit multifamily complex in Fort Worth. The property consists of 22 two-story buildings that house 56 one-bedroom and 60 two-bedroom apartments. Units average 952 square feet in size and feature walk-in closets, patios or balconies, washer and dyers, stainless steel appliances and air conditioning. John Brownlee, Bo Beidleman, Blake Morrison and Aaron Craig of JLL originated the five-year, fixed-rate loan on behalf of the borrower, Price Realty.
