Acquisitions

The-Commons-Valencia-CA

VALENCIA, CALIF. — Kairos Investment Management has provided a senior bridge loan to Harbor Associates for the acquisition of The Commons of Valencia, a 156,600-square-foot, Class A office complex in Valencia. Terms of the financing were not released. Located at 25152 and 25124 Springfield Court, the complex features two three-story buildings and a two-story parking structure, with 12 electric vehicle charging spots, 170 stalls within a covered structure and 622 stalls in total. Recent renovations at the property include added tenant-friendly updates to the common areas, including the lobbies, furnished outdoor spaces and landscaping.

FacebookTwitterLinkedinEmail

LA MESA, CALIF. — Walker & Dunlop has brokered the sale of Jefferson La Mesa, an apartment community located at 4949 Baltimore Drive in La Mesa. Terms of the transaction were not released. Walker & Dunlop’s California investment sales team, led by Hunter Combs, acted as advisor to the seller, JPI, and the buyer, R&V Management Co.

FacebookTwitterLinkedinEmail
7251-W-4th-St-Greeley-CO

GREELEY, COLO. — Cushman & Wakefield has arranged the sale of a freestanding flex commercial property, located at 7251 W. 4th St. in Greeley. City Lights Church acquired the property from Ashton Greeley Property LLC for $5.5 million. Originally built in 1985 and since renovated, the 48,044-square-foot building was vacant at the time of sale. The property is situated on more than 4.6 acres. Jason Ells of Cushman & Wakefield represented the seller, while Erick Backlund of Kairos Real Estate represented the buyer in the deal.

FacebookTwitterLinkedinEmail
15500-E-13th-Ave-Aurora-CO

AURORA, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a residential property located at 15500 E. 13th Ave. in Aurora. Hosler Holdings sold the asset for $4 million, or $144,643 per unit. Built in 1972, the 30,132-square-foot property features 28 units. Barton Thompson of Pinnacle Real Estate Advisors represented the seller in the deal. The buyer was not disclosed.

FacebookTwitterLinkedinEmail
Railhead-Business-Station-Fort-Worth

FORT WORTH, TEXAS — San Diego-based investment firm Westcore has acquired Railhead Business Station, a four-building, 519,905-square-foot industrial property in North Fort Worth. The property, which was built in phases between 2000 and 2007 within the 366-acre Railhead Industrial Park, was fully leased to 11 tenants at the time of sale. Seth Koschak, Matteson Hamilton, Forrest Cook, Jeff Rein, Lee Belland III, Trey Mahla and Haili Rumsey of Stream Realty Partners represented the undisclosed seller in the transaction. Westcore was self-represented. The sales price was not disclosed.

FacebookTwitterLinkedinEmail

CUMMING, GA. — Atlantic Capital Partners has brokered the $17.5 million sale of Sharon Greens, a Kroger-anchored shopping center located in Cumming, a northern suburb of Atlanta. Justin Smith, Fred Victor, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented the institutional seller and secured the buyer, a joint venture between ShopOne Centers REIT Inc., Pantheon and an unnamed global institutional investment firm. Built in 2001, Sharon Greens spans 98,301 square feet and was 98 percent leased at the time of sale to 21 tenants, including Kroger, Chase Bank and Heartland Dental. The property is located at the intersection of Sharon Road and Peachtree Parkway.

FacebookTwitterLinkedinEmail

PHILADELPHIA — Locally based investment firm Alliance HP has sold The Philadelphia Infill Industrial Portfolio, a collection of three industrial properties totaling 122,373 square feet in Philadelphia. The sales price was $24.7 million. The portfolio was fully leased at the time of sale and features clear heights between 17 and 22 feet, 14 loading doors, five drive-in doors and 163 parking spaces. The buildings are all located within a 2.5-mile radius of Philadelphia International Airport. John Plower, Ryan Cottone, Larry Maister and Kyle Lockard of JLL represented Alliance HP in the transaction. The buyer was not disclosed.

FacebookTwitterLinkedinEmail

EXETER, N.H. — JLL has negotiated the sale of a two-building, 82,000-square-foot medical office complex in Exeter, located just north of the Massachusetts-New Hampshire border. Access Sports Medicine, Seacoast Pathology and Exeter Hospital anchor the complex at 1 Hampton Road, which was 92 percent leased at the time of sale. Brannan Knott, Mindy Berman, Anthony Sardo and Landon Weaver of JLL represented the seller, a joint venture between Sendero Capital and Angelo Gordon, in the transaction. The buyer and sales price were not disclosed.

FacebookTwitterLinkedinEmail

DICKINSON, N.D. — Friedman Real Estate has arranged the sale of West River Apartments in Dickinson, a city in western North Dakota. The sales price was undisclosed. The multifamily property features 234 units. Rich Deptula and Steven Silverman of Friedman brokered the transaction, further details of which were not provided.

FacebookTwitterLinkedinEmail