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Acquisitions

Remington-Ridge-Weatherford
AcquisitionsMultifamilyTexas

Cushman & Wakefield Arranges Sale of 257-Unit Multifamily Property in Metro Dallas

by Taylor Williams

WEATHERFORD, TEXAS — Cushman & Wakefield has arranged the sale of Remington Ridge, a 257-unit multifamily property in the southern Dallas suburb of Weatherford. The initial 133-unit phase was completed in 2022, and construction is underway on the second and final 124-unit phase. The property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, business center, dog park, game room and an outdoor lounge. Asher Hall and Grant Raymond of Cushman & Wakefield represented the seller, Trinity Capital Group, in the transaction. The buyer was Juniper Investment Group.

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AcquisitionsIndustrialTexas

Partners Real Estate Brokers Sale of 35,622 SF Cold Storage Building in Houston

by Taylor Williams

HOUSTON — Partners Real Estate has brokered the sale of a 35,622-square-foot cold storage building located at 12634 East Freeway in Houston. The property, which was originally built in 1960 and expanded in the early 2000s, is located east of the downtown area and features 28-foot clear heights. Wyatt Huff and Hunter Stockard of Partners represented the seller, Mims Investment Inc., in the transaction. The buyer and sales price were not disclosed.

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AcquisitionsBuild-to-RentFloridaMultifamilySingle-Family RentalSoutheast

Berkadia Brokers $14.6M Sale of Build-to-Rent Townhouse Community in Fort Lauderdale

by John Nelson

FORT LAUDERDALE, FLA. — Berkadia has brokered the $14.6 million sale of ID Flagler Village, a build-to-rent (BTR) townhouse community located at 113 N.E. 6th St. in the Flagler Village neighborhood of Fort Lauderdale. The property totals 24 homes spanning 1,600 square feet each. Built in 2018, ID Flagler Village also features private two-car garages, private patios and balconies and amenities including an onsite dog park and controlled access entry. Yoav Yuhjtman, Roberto Pesant, Jaret Turkell and Omar Morales of Berkadia’s South Florida office represented the seller, locally based Ceiba Groupe, in the transaction. An entity doing business as US Housing Reditus Fund LLC acquired the property.

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AcquisitionsDevelopmentRetailSouth CarolinaSoutheast

Reedy River Retail Arranges Land Sale in Upstate South Carolina for Publix-Anchored Retail Center

by John Nelson

MAULDIN, S.C. — Reedy River Retail at SVN Blackstream has arranged the acquisition of a 10.9-acre development site located at 1116 Ashmore Bridge Road in Mauldin, roughly 10 miles south of Greenville, S.C. The buyer, Atlanta-based Venture South Investments, plans to develop a Publix-anchored shopping center at the site. Dustin Tenney and Daniel Holloway of Reedy River Retail represented the buyer in the $4.6 million transaction. Plans for the site include the development of a 63,000-square-foot retail center anchored by a 45,000-square-foot Publix grocery store, as well as two outparcels. A construction timeline was not disclosed.

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AcquisitionsMidwestMultifamilyOhio

Friedman Brokers $11.5M Sale of Multifamily Property in Niles, Ohio

by Kristin Harlow

NILES, OHIO — Friedman Real Estate has brokered the $11.5 million sale of Timber Creek Apartments in Niles, about 65 miles southeast of Cleveland. The 305-unit multifamily property is located at 1223 North Road. Peter Jankowski, Rich Deptula and Chrris Weir of Friedman represented the buyer, CREG Property VIII LLC, and the seller, Orem Timber Creek II LLC.

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AcquisitionsIllinoisMidwestMultifamily

Marcus & Millichap Negotiates Sale of 23-Unit Apartment Building in Elgin, Illinois

by Kristin Harlow

ELGIN, ILL. — Marcus & Millichap has negotiated the sale of a 23-unit apartment building in Elgin for an undisclosed price. Originally built in 1976, the property is located at 450 S. Belmont Ave. near Elgin Community College, the Highlands of Elgin Golf Club and Marcus Elgin Cinema. Ryan Engle and Andrean Angelov of Marcus & Millichap represented the buyer and seller, both of which were private investors.

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AcquisitionsMassachusettsNortheastOffice

Newmark Arranges Sale of 221,474 SF Office Building Near Downtown Boston

by Taylor Williams

BOSTON — Newmark has arranged the sale of 179 Lincoln Street, a 221,474-square-foot office building near downtown Boston. The newly renovated building offers proximity to Boston’s South Station transit hub. Robert Griffin, Edward Maher, David Douvadjian Sr., Matthew Pullen, James Tribble, Timothy O’Donnell, Samantha Hallowell and William Sleeper of Newmark represented the undisclosed seller in the transaction. The team also procured the buyer, locally based investment firm Synergy, which assumed $76.5 million of the seller’s outstanding debt on the property.

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AcquisitionsMultifamilyNew YorkNortheast

Marcus & Millichap Brokers $5.6M Sale of Manhattan Multifamily Portfolio

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $5.6 million sale of a portfolio of three multifamily buildings totaling 56 units in Manhattan. The rent-stabilized buildings, two of which are contiguous, are located along West 111th Street near the edge of Central Park. Seth Glasser, Shaun Riney and Michael Fusco of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors who requested anonymity, in the transaction.

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AcquisitionsNorth CarolinaRetailSoutheast

Foundry Commercial Purchases Shopton Square Retail Center in Metro Charlotte

by John Nelson

BELMONT, N.C. — Orlando-based Foundry Commercial has purchased Shopton Square, a 24,250-square-foot, unanchored retail center in Belmont, a southern suburb of Charlotte. The center was fully leased to 13 tenants at the time of sale. The seller and sales price were not disclosed. Shopton Square was originally developed and leased by the real estate arm of grocer Food Lion. The acquisition of Shopton Square marks the first for Foundry Commercial’s Retail Investment Platform, which was launched last year and prioritizes necessity-based retail properties.

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AcquisitionsIndustrialSelf-StorageTexas

Versal Negotiates Sale of 64-Unit Self-Storage Facility in Montgomery, Texas

by Taylor Williams

MONTGOMERY, TEXAS — Versal, a self-storage brokerage firm with offices in Austin and Los Angeles, has negotiated the sale of a 64-unit facility in Montgomery, about 50 miles north of Houston. The facility, known as Spartan Storage, spans 19,998 net rentable square feet. Versal represented the buyer, Houston-based Lakewood Realty Investments, in the transaction. Ryan Dooley of CRD Realty represented the seller, a Texas-based limited liability company.

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