DALLAS — JLL has arranged the sale of Muse Shops at Midtown, a 112,162-square-foot shopping center in North Dallas. Built in 1999 and renovated in 2022, the four-building center was 58 percent leased at the time of sale to tenants such as Starbucks, Land Design, United Real Estate and Natuzzi Editions. Adam Howells, Erin Lazarus, Megan Babovec and Keenan Ryan of JLL represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
VON ORMY, TEXAS — Partners Real Estate has negotiated the sale of a 26-acre industrial outdoor storage facility in Von Ormy, located on the southwestern outskirts of San Antonio. The site at 14603 and 14710 Speedway Park also houses a 7,500-square-foot truck terminal building. Stan Nowak of Partners represented the buyer, a private equity firm, in the transaction. Additional terms of sale were not disclosed. Partners has also been retained as the property’s leasing agent.
NEW YORK CITY — Cushman & Wakefield has brokered the $7 million sale of a multifamily development site in The Bronx. The site at 3083 Webster Ave. can support approximately 100,000 buildable square feet of product. Jonathan Squires, Josh Neustadter and Austin Weiner of Cushman & Wakefield represented the seller, Atlantis Management, in the transaction. The buyer, SKF Development, plans to build an affordable housing complex that will be financed with Low-Income Housing Tax Credits and subsidies from the NYC Department of Housing Preservation & Development and NYC Housing Development Corp.
SOMERVILLE, N.J. — Marcus & Millichap has arranged the $4.2 million sale of a 10-unit apartment building in Somerville, about 50 miles southwest of Manhattan. The building at 28-32 W. Main St. offers one- and two-bedroom units and houses two retail spaces that are occupied by a bank and an art gallery. Brent Hyldahl and Alan Cafiero of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, Harborpoint Residential.
BLAINE, MINN. — Transwestern Real Estate Services has brokered the $4 million sale of a 46,800-square-foot office building in Blaine, a northern suburb of Minneapolis. Located at 3680 Pheasant Ridge Drive NE, the property was vacant at the time of sale but formerly housed the Minnesota School of Business. Eric Rapp of Transwestern represented the seller, M5 Built Holdings-Blaine LLC. The buyer, East Blaine Community Center, plans to fully renovate the building. The owner will utilize the building’s classrooms and large gathering spaces as a religious community center.
MILWAUKEE — Marcus & Millichap has negotiated the $3.6 million sale of Grand Riverside Residences in Milwaukee’s Third Ward. The building features 16 apartment units and two retail spaces. Located at 225-229 N. Water St., the property was originally constructed in 1900 and renovated in 2006. The retail spaces are home to Sevva Salon and fitness studio Barre3. Matthew Whiteside of Marcus & Millichap represented the buyer and seller, neither of which were disclosed.
LAWRENCEVILLE, ILL. — The Boulder Group has arranged the $1.1 million sale of a 10,093-square-foot retail property net leased to CVS in Lawrenceville, a city in southeast Illinois. The building is located at 1421 State St. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, an Illinois-based partnership. The buyer was a West Coast-based individual investor. CVS has occupied the property since 2005.
VANCOUVER, WASH. — Kennedy Wilson has partnered with Haseko Corp. to purchase The Farmstead and Villas at 28th Street for $90 million. Both apartment communities are located in Vancouver, just across the Columbia River from Portland, Oregon. The name of the seller was not released. Totaling 350 units, the recently completed properties feature diverse floor plans across three unit types, as well as a variety of amenities, including secure gated access, fitness centers, dog parks, a pickle ball court, pet wash stations, natural green space and walking trail. The assets are located within five minutes of each other and within 10 minutes of Portland.
PHOENIX — Newmark has arranged the $86.1 million all-cash sale of 24th at Camelback, an office asset in Phoenix’s Camelback corridor. Barry Gabel, Chris Marchildon, CJ Osbrink and Kevin Shannon of Newmark represented the seller, an institutional owner. The buyer was a family office based abroad. Located at 2375 E. Camelback Road, the eight-story 24th at Camelback offers 308,481 square feet of office space. Developed by Hines in 2000, the property features a fitness center, onsite dining options, shared tenant conference facilities, 24/7 security, two subterranean levels of parking and a detached, six-level, above-grade parking structure.
POMONA, CALIF. — Flowing Streams LLC has purchased North Garey Village Apartments, a multifamily community in Pomona, for $9.9 million. Pomona is approximately 30 miles east of Los Angeles. Douglas McCauley and David Covarrubias of Marcus & Millichap’s Inland Empire office represented the seller, Kot and Offenbecher Trust, and procured the buyer in the transaction. Located at 3016 N. Garey Ave., North Garey Village Apartments offers 44 residences spread across 11 apartment buildings on a 1.5-acre parcel. Community amenities include single-car garages, on-site laundry facilities, storage rooms and select units with fireplaces. The property was built in 1963.