DALLAS — Texas-based investment firm SPI Advisory has acquired Ivy Urban Living, a 228-unit apartment community located just north of downtown Dallas. Built in 1988, the property offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, quartz countertops, tile backsplashes and private balconies/patios. Amenities include a pool, fitness center, business center, pet park and access to package lockers. The seller and sales price were not disclosed.
SAN ANTONIO — Partners Real Estate has arranged the sale of a 27,478-square-foot retail building located in the Mission San Jose neighborhood of San Antonio. According to LoopNet Inc., the property at 3371 Roosevelt Ave. was built on two acres in 1965. Phil Crane and Dan Gostylo of Partners represented the buyer, Garcia Properties Inc., in the transaction. Andrew Price of CBRE represented the undisclosed seller.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Sycamore Village Shopping Center, a 26,148-square-foot retail property in Fort Worth. The site at 3515 Sycamore School Road spans 2.6 acres and is located on the city’s southwest side. Tenants at the property include Cricket Wireless, H&R Block and The UPS Store. Joe Santelli of Marcus & Millichap represented the undisclosed seller in the transaction.
CAMPBELL AND SANTA CLARA, CALIF. — JLL Capital Markets has arranged the sale of three garden-style apartment communities in Silicon Valley for approximately $70 million. The portfolio includes: Appletree, a 72-unit community in Campbell; Vista Point, a 68-unit property in Santa Clara; and Cedartree, a 50-unit asset that is also located in Santa Clara. All properties offer one- and two-bedroom floor plans. Ryan Wagner, Brandon Geraldo and Matt Kroger led the team that represented the private seller and procured three unique buyers. Further details were not disclosed.
COSTA MESA AND ANAHEIM, CALIF. — CBRE has arranged the sale of two multifamily communities totaling 38 units in Orange County for $12.1 million. The communities traded hands in a 1031 exchange. All parties involved in both transactions were private investors based in Southern California. Dan Blackwell, Mike O’Neill and Andrew Boukather represented both the buyer and seller of 18 units at 1800 W. Glencrest Ave. in Anaheim for $4.8 million. The property was built in 1962 and comprises a pair of two-story buildings. The buildings recently underwent renovations including new flooring, appliances, bathrooms, kitchens, windows, stairs, railings and fascia. Blackwell and O’Neill also represented the seller of the 20 units at 1887 Monrovia Ave. in Costa Mesa. The asset traded hands for $7.3 million. Built in 1959, 1887 Monrovia Ave. comprises one two-story building with a pool, barbeque area and a community laundry room. Recent updates to select units include granite countertops, wood-style flooring and stainless-steel appliances.
MIDVALE, UTAH — Peak Capital Partners has purchased Park Station from Benedict Canyon Equities for an undisclosed price. Park Station is a 96-unit apartment community in Midvale, 12 miles south of downtown Salt Lake City. The property was constructed in 1974 and offers one- and two-bedroom floor plans. Amenities include a children’s playground, laundry facilities and covered parking. Brock Zylstra and Danny Shin of Institutional Property Advisors represented the seller and procured the buyer.
INDIANAPOLIS — Northmarq has brokered the sale of the Clearwater Springs shopping center in Indianapolis for an undisclosed price. The 132,156-square-foot shopping center is located at 5151 E. 82nd St. Anchor tenants include Aldi, Haverty’s Furniture and Michaels. Additional retailers include Starbucks, Athletico, David’s Bridal and AT&T. Blaise Bennett of Northmarq represented the buyer, a Cincinnati-based private equity firm. Wes Podell of Podell Partners represented the undisclosed seller.
EVANSTON, ILL. — Quantum Real Estate Advisors Inc. has arranged the sale of Church Street Plaza in Evanston for an undisclosed price. The 9,589-square-foot retail center is located on Church Street and his home to Semper Laser, Pure Barre, Noodles & Co., CycleBar and Big Wig Tacos. Dan Waszak and Zack Hilgendorf of Quantum represented the seller, GW Properties. The buyer was SW Neighborhood Centers II, an affiliate of Shannon Waltchack, an Alabama-based commercial real estate investment firm.
NORTHWOOD, IOWA — Marcus & Millichap has negotiated the sale of the Holiday Inn Express & Suites Northwood, a 60-room hotel in Northwood, a city in northern Iowa. The sales price was undisclosed. The property is located at 4712 Wheelerwood Road. Jon Ruzicka, Jake Erickson, Jared Plamann and Joseph Ferguson of Marcus & Millichap represented the undisclosed seller. The hotel sold to an out-of-state buyer.
LEXINGTON, MICH. — Dominion Real Estate Advisors LLC has brokered the sale of a 51,329-square-foot industrial building in Lexington, a city in eastern Michigan along Lake Huron. The sales price was undisclosed. The property is located at 5160 Lakeshore Drive. Rem Murray of Dominion represented the undisclosed seller. David Wax of Burger & Co. represented the buyer, an entity doing business as KCRE LLC.
