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.
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.
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.
TYLER, TEXAS — Houston-based investment and brokerage firm NewQuest Properties has arranged the sale of Shops at Shiloh, a 14,927-square-foot retail center in Tyler, about 100 miles east of Dallas. A CEFCO convenience store and gas station anchors the property, which was built on 2.4 acres in 2008 and was 95 percent occupied at the time of sale. Austen Baldridge of NewQuest and Marc Peeler, now with Partners Real Estate, represented the undisclosed seller in the transaction. Eliud Sangabriel of SVN Trinity Advisors represented the undisclosed buyer, which acquired the property via a 1031 exchange.
TOLLESON, ARIZ. — Evergreen Devco has sold Parc Tolleson, a 258-unit multifamily property located about 15 miles west of Phoenix. The sales price was $62.7 million. Completed in 2023, the garden-style community features one-, two- and three-bedroom units with an average size of 961 square feet. Residences features nine-foot ceilings, vinyl plank flooring and full-size washers and dryers. Amenities include a pool with fireplace lounges and poolside dining areas, electric vehicle charging stations, a pet spa, 24-hour fitness center and a clubhouse with gaming tables, seating areas and a coffee bar. Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen of CBRE represented Evergreen Devco in the transaction. Troy Tegeler and Trevor Breaux, also with CBRE, arranged acquisition financing on behalf of the buyer, Millburn & Co.
TAMPA, FLA. — American Landmark Apartments has acquired The Pointe on Westshore, a 444-unit multifamily community located at 4950 W. Prescott St. in the Westshore Marina District of Tampa. Built in 2021, the property features 13 five-story apartment buildings and two-story townhomes, with residences in one-, two- and three-bedroom floor plans. Amenities at the community include a swimming pool, fitness center, pet spa, business center and barbecue and picnic area. The seller and sales price were not disclosed.
PEORIA, ARIZ. — NAI Horizon has brokered the sale of a 198,304-square-foot industrial facility located at 10857 N. 95th Ave. in Peoria, a northwestern suburb of Phoenix. An entity doing business as Glez C Properties LLC acquired the asset from Chris Finn for $9.5 million. Jeffrey Garza Walker of NAI Horizon represented the buyer in the transaction, while the seller was self-represented.
OLIVE BRANCH AND SOUTHAVEN, MISS. — CBRE has arranged a $41 million loan for Hillwood Investment Properties, a Perot company based in Dallas, to finance the acquisition of a three-building industrial portfolio in metro Memphis. Brian Linnihan, Mike Ryan, Richard Henry and Taylor Crowder of CBRE Capital Markets’ Debt & Structured Finance team in Atlanta arranged the financing through Thrivent. The properties, which span 893,458 square feet, are located in Olive Branch and Southaven and were fully occupied at the time of financing to five tenants, including three third-party logistics firms. All three assets were built between 2013 and 2022. The seller was not disclosed.
NEW YORK CITY — Locally based investment firm Benchmark Real Estate Group has acquired a 62-unit apartment building located at 194 E. 2nd St. in Manhattan’s East Village area for $43 million. The elevator- and doorman-served building was constructed in 1999 and houses one-, two-, four- five- and six-bedroom units as well as 10,000 square feet of ground-floor retail space. Joe Koicim, Logan Markley and Matt Berger of Marcus & Millichap represented the seller, Skyline Developers, which purchased the building in 2000, in the transaction.
NEW YORK CITY — Bungalow Projects, a real estate investment firm specializing in media and content production facilities, in partnership with Boston-based Bain Capital Real Estate, has purchased an industrial development site in the Red Hook area of Brooklyn for $34 million. The partnership’s plans for the property at 145 Wolcott St. include a 225,000-square-foot production facility with four soundstages averaging 18,000 square feet each, as well as 82,000 square feet of ancillary production support space and 200 below-grade parking spaces. David Behin of Newmark represented ownership in its off-market purchase of the property.