FORT WORTH, TEXAS — San Diego-based investment firm Westcore has acquired three industrial buildings totaling 485,330 square feet in Fort Worth. Buildings 1, 2 and 4 within North Quarter 35, a development by M2G Ventures, were all fully leased at the time of sale. Seth Koschak and Matteson Hamilton represented the seller in the transaction. Westcore was self-represented. North Quarter 35 features a mix of shallow-bay, read-load and cross-dock buildings totaling 645,000 square feet.
DALLAS — A partnership between Orlando-based developer ZOM Living and Dallas-based investment firm Civitas Capital Group has sold Mezzo, a 378-unit apartment community in North Dallas. Completed last summer, the garden-style property consists of 13 buildings on a 15-acre site. Units come in one-, two- and three-bedroom formats and range in size from 700 to 1,560 square feet. Amenities include a pool, fitness center, lounge, coworking spaces, game room and a dog park. Harbor Group International purchased Mezzo, which was 85 percent occupied at the time of sale, for an undisclosed price.
ST. LOUIS — Berkadia has arranged the sales of two multifamily properties and one multifamily development site in St. Louis for a combined $100 million. The first transaction includes Southfield Apartments, a 429-unit, garden-style community located at 5549 Southfield Drive. The second deal is an unnamed high-rise property. The third transaction includes 15 acres of land that will be utilized to develop a townhome-style community with 160 units. Andrea Kendrick, Ken Aston and Bobby Mills of Berkadia brokered the sales. Buyer and seller information was not provided.
WARSAW, IND. — JLL Capital Markets has brokered the sale of Warsaw Commons, an 87,858-square-foot shopping center in Warsaw, about 40 miles northwest of Fort Wayne. The sales price was undisclosed. Built in 2012, the fully occupied property is home to tenants such as TJ Maxx, PetSmart, Ulta, Dollar Tree and Shoe Carnival. Michael Nieder of JLL represented the seller, IRC Retail Centers. Nate Monson and Brandon Goodman of Colliers represented the buyer, The Lofts at 5 Points LLC.
CHICAGO — Kiser Group has negotiated the sale of a three-property multifamily portfolio in Chicago’s East Woodlawn and Bronzeville neighborhoods for $8.6 million. The buildings, which feature a combined 70 units, are located at 6625 S. Drexel Ave., 4901 S. Michigan Ave. and 4725 S. Michigan Ave. The units have updated kitchens and bathrooms, but current rents are about 30 percent below market rents, according to Kiser. The brokerage firm’s Birk | Sklar team brokered the transaction. Buyer and seller information was not provided.
VERMILLION, S.D. — Marcus & Millichap has arranged the $2.1 million sale of a 2,365-square-foot retail property occupied by Starbucks in Vermillion, home of the University of South Dakota. The net-leased building has a new 10-year lease with Starbucks that features 7.5 percent rental increases every five years. Mark Ruble and Chris Lind of Marcus & Millichap represented the seller, a limited liability company. Buyer information was not provided.
SAN BERNARDINO, CALIF. — The Mogharebi Group (TMG) has arranged the $21.5 million sale of Loma Villas, a newly constructed, 70-unit community in San Bernardino. Loma Villas features a mix of studio, one- and two-bedroom floor plans that include enclosed patios or balconies. Amenities include a pool and spa, fitness center, dog park, and grilling and picnic areas. TMG’s Alex Mogharebi, Otto Ozen and Bryan LaBar represented the seller, a regional owner and developer. The buyer is a Southern California-based private investor.
ALISO VIEJO, CALIF. — Sunland Nutrition has purchased a 40,792-square-foot industrial building in Aliso Viejo for $14 million. The nutritional ingredients distributor will use the building for its headquarters. The facility is located at 81-91 Columbia. It features 28-foot warehouse clear heights, two ground-level loading doors, two dock-high loading doors, large fenced yard, building-top signage and 4.25/1,000 parking ratio. JLL’s Xavier Nolasco, Brian Thene, Steve Wagner and Cameron Driscoll represented the undisclosed seller. Steve Crane of Daum Commercial represented Sunland Nutrition.
SOMERSET, N.J. — Cushman & Wakefield has brokered the sale of a 151,756-square-foot industrial development site in the Northern New Jersey community of Somerset. The fully entitled site is located at 110 Belmont Drive and spans 7.8 acres. Gary Gabriel, Kyle Schmidt, Ryan Larkin, Mindy Lissner and David Gheriani of Cushman & Wakefield represented the seller, Braha Properties, in the transaction. Nevada-based Dermody Properties acquired the site with plans to construct a facility with a clear height of 40 feet, 30 loading positions and 93 car parking spaces.
HUDSON, MASS. — Brokerage firm Horvath & Tremblay has arranged the $21.9 million sale of Center at Hudson, an 84,605-square-foot shopping center located about 30 miles west of Boston. The grocery-anchored center consists of a freestanding, 58,266-square-foot Stop & Shop, which has operated out of that location since 1990 and recently extended its lease, and 26,339 square feet of inline space. Bob Horvath and Todd Tremblay of Horvath & Tremblay represented the seller and procured the buyer, both of which requested anonymity, in the transaction. The deal traded at a cap rate of 6.35 percent.