KINGFISHER, OKLA. — Marcus & Millichap has brokered the sale of the DRD Mini Storage Portfolio, which comprises two buildings totaling 426 units in Kingfisher, about 50 miles northwest of Oklahoma City. The buildings offer a combined 58,760 net rentable square feet of space. Dave Knobler and Charles LeClaire of Marcus & Millichap represented the seller, a Nevada-based limited liability company, in the transaction. The duo also procured the buyer, a Delaware-based limited liability company. Both parties requested anonymity. Steve Greer of Marcus & Millichap assisted in closing the deal as the broker of record.
DENVER AND LITTLETON, COLO. — Sidford Capital has acquired two shopping centers, totaling 111,142 square feet, in Colorado. A Southern California-based private investor sold the portfolio for $11.2 million. The portfolio includes Athmar Park Shopping Center, a 58,204-square-foot neighborhood retail center at 1865-1935 W. Mississippi Ave. in Denver, and SouthPark Shopping Center, a 52,938-square-foot property at 131-151 and 201-215 W. County Line Road in Littleton. Athmar Park was 77.5 percent occupied at the time of sale, with Family Dollar as the anchor. SouthPark was 84.5 percent occupied at the time of sale and is shadowed anchored by Dollar Tree and Goodwill. Ryan Bowlby and Drew Isaac of Marcus & Millichap’s Denver office represented the seller and procured the buyer in the deal.
LOS ANGELES — Marcus & Millichap has brokered the sale 5247 Corteen Place, a 32-unit apartment asset in the Valley Village neighborhood of Los Angeles. A family trust sold the property to an undisclosed buyer for $6.9 million. Rick Raymundo, Jeff Louks and Brett Sanson of Marcus & Millichap represented the seller and the buyer in the deal. The seller owned the property for more than 44 years. JP Morgan Chase provided financing for the acquisition.
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of Riverside Suites, a multifamily property in Tucson. Riverside Apts LLC acquired the asset from Campbell 33 LLC for $5.1 million. Located at 1725 E. Limberlost Drive, the 28,952-square-foot Riverside Suites features 33 apartments. Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR represented both parties in the transaction.
MIDDLESEX, N.J. — NAI DiLeo-Bram & Co. has arranged the $8.6 million sale of a 69,750-square-foot retail center located in Middlesex. A 57,000-square-foot SuperFresh grocery store anchors the property, which sits on a 3.9-acre site. The center also features a 6,115-square-foot liquor store and 6,300 square feet of second-floor office space. Marc Shein of NAI DiLeo-Bram represented the undisclosed seller in the transaction. Bennett Realty & Development represented the buyer.
BRIDGEPORT, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $4.3 million sale of a 36-unit apartment building in the southern coastal Connecticut city of Bridgeport. According to Apartments.com, the three-story building was originally constructed in 1920 and offers one- and two-bedroom units. Brad Balletto, Robert Paterno, Rich Edwards and Jeff Wright of NEPCG represented the seller and procured the buyer in the transaction. Both parties requested anonymity.
CHICAGO — DarwinPW Realty/CORFAC International has brokered the sale of a 93,911-square-foot industrial building located at 5841 W. Dickens Ave. in Chicago. The sales price was undisclosed. Terry Lynch of DarwinPW represented the seller, JLO Metal Products. The buyer, Elite Auto Corp., will repurpose the former manufacturing facility into a car sales business. The building is a World War II-era manufacturing facility that has heavy power and bus ducts along with four docks and one drive-in door. Steve Kohn of Avison Young represented Elite Auto Corp., which is expanding from its location in Chicago’s Logan Square neighborhood.
BARRINGTON, ILL. — Fortec, a Miami-based real estate development company focused on educational projects, has purchased the former Barrington School District headquarters in suburban Chicago for $695,000. Fortec is investing an additional $2.8 million in remodeling the building and creating an adjacent playground. The developer has signed a 17-year lease with The Nest Schools, an early childhood education operator with over 50 locations nationwide. The Nest Schools is slated to open this summer and will serve approximately 200 children ages six weeks to 12 years. Milo Spector of Northmarq represented Fortec in the transaction. Jennifer Hopkins and Olivia Czyzynski of SVN Chicago Commercial represented the seller, the Board of Education of Barrington Community Unit School District Number 220. The Barrington School District utilized the 12,413-square-foot property from the early 1970s until 2019.
HYATTSVILLE, MD. — JLL Capital Markets has arranged an $18.4 million loan to finance the acquisition of Metro Shops, a retail center located in the Washington, D.C., suburb of Hyattsville. Michael Klein, Max Custer, Brian Buglione and Benjamin Morgenthal of JLL secured the financing through Loews Corp. on behalf of the borrower, Northpath Investments. Built in 2007 at 2900 Belcrest Center Drive, Metro Shops totals 160,623 square feet and is situated across from the 1 million-square-foot Mall at Prince George’s. Tenants at the center include Bob’s Discount Furniture, Staples, LA Fitness, Dunkin’ and Citibank.
SAN ANTONIO — Davis Healthcare Real Estate, a Minneapolis-based investment and brokerage firm, has acquired the University of Texas (UT) Health & Wellness Center in northwest San Antonio for $24.3 million. The 73,390-square-foot outpatient facility was originally built in 1998 within the 900-acre South Texas Medical Center campus for the U.S. Veterans Affairs Department. The property was subsequently renovated in 2022 and is now occupied by the UT Health System. Davis acquired the property from an undisclosed seller in an off-market deal.