Acquisitions

Franklin Street Brokers Sale of 116,766 SF Shopping Center in Metro Atlanta

by Hayden Spiess May 13, 2024

DOUGLASVILLE, GA. — Franklin Street Retail Investment Sales has brokered the sale of Market Square, a 116,766-square-foot shopping center located in Douglasville, roughly 20 miles west of Atlanta. Tenants at the property, which was built in 1984 and renovated in 2019, include Aaron’s, YouFit, Pet Supermarket and Davita Dialysis. An entity doing business as SCC Market Square LLC sold the property to BC Waycross Spring Hill LLC for an undisclosed price. Bryan Belk and John Tennant of Franklin Street represented the seller in the transaction.

May 13, 2024

Acquisitions Colorado Multifamily Western

Pacific Urban Investors Acquires 420-Unit Viridian Apartments in Greenwood Village, Colorado

by Amy Works May 13, 2024

GREENWOOD VILLAGE, COLO. — Palo Alto, Calif.-based Pacific Urban Investors has purchased Viridian, a multifamily property in Greenwood Village, a suburb of Denver. Terms of the acquisition were not released. The acquisition marks Pacific’s fourth investment in the Denver market with the firm’s regional portfolio now totaling 884 units. Viridian features 420 apartments with nine-foot ceilings, a resort-style pool, full-sized basketball court and parking ratio of 1.7 stalls per unit.

May 13, 2024

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 220-Unit Apartment Complex in Arlington

by Taylor Williams May 13, 2024

ARLINGTON, TEXAS — Marcus & Millichap has brokered the sale of Fielder’s Glen, a 220-unit apartment complex in Arlington. Built on 10 acres in 1985, Fielder’s Glen features studio, one- and two-bedroom units and amenities such as a pool, fitness center, outdoor grilling and dining stations and onsite laundry facilities. Al Silva and Ford Braly of Marcus & Millichap represented the seller, Canadian investment firm Western Wealth Capital, in the transaction and procured the buyer, locally based investment firm Rise48 Equity. Brandon Brown of Marcus & Millichap Capital Corp. arranged acquisition financing for the deal.

May 13, 2024

Acquisitions Multifamily Texas

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

by Taylor Williams May 13, 2024

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.

May 13, 2024

Acquisitions Colorado Retail Western

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

by Amy Works May 13, 2024

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.

May 13, 2024

Acquisitions Retail Texas

CenterSquare Acquires 32,797 SF Retail Center in Metro Houston

by Taylor Williams May 13, 2024

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.

May 13, 2024

Acquisitions California Retail Western

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

by Amy Works May 13, 2024

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.

May 13, 2024

Acquisitions Industrial Midwest Minnesota

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

by Kristin Harlow May 13, 2024

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.

May 13, 2024

Acquisitions Midwest Minnesota

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

by Kristin Harlow May 13, 2024

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.

May 13, 2024

Acquisitions Hospitality Midwest Wisconsin

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

by Kristin Harlow May 13, 2024

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.

May 13, 2024

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