CARY, ILL. — Dandelion Development LLC has acquired the newly constructed Haber Pointe Senior Luxury Apartments in Cary, about 44 miles northwest of Chicago. The purchase price was $4.5 million. The 24-unit property totals 24,177 square feet. Paul Proana of Coldwell Banker Commercial and Heather Schweitzer of Premier Commercial Realty brokered the transaction. Foxboro Group LLC was the seller.
KANSAS CITY, MO. — Block & Co. Inc. Realtors has sold 2 E. 59th St. in Kansas City for an undisclosed price. Riley ABA & Autism Center purchased the 17,381-square-foot building with plans to occupy it. The building is set to undergo extensive renovations in the coming weeks. Riley ABA is planning for several new and interactive play areas, including a 1,000-square-foot play town to target play and social skills, a larger interior sensory gym for gross and fine motor development, and an outdoor, fenced-in playground. The facility will also feature ample parking, an employee break room with an outdoor patio, a large prep kitchen and several individual bathrooms. Riley ABA expects renovations to be completed by mid-summer 2024. David Block, Max Kosoglad and Carson St. Clair represented Block on an internal basis.
SAN ANTONIO — An affiliate of locally based investment firm LYND Group has purchased Culebra Commons, a 327-unit mixed-income apartment community in San Antonio’s Far West submarket, for $76.2 million. The garden-style property was originally developed in 2021 by a different affiliate of LYND Group and offers one-, two- and three-bedroom units with an average size of 835 square feet. About half the units have been reserved as affordable housing. Amenities include a pool, fitness center, clubroom, resident lounge, catering kitchen, playground and a dog park. Origin Strategic Credit Fund is a preferred equity investor in the deal.
RALEIGH, N.C. — Lionstone Investments has sold Midtown Plaza, a 12-story office building located in Raleigh’s North Hills submarket. The buyer and sales price were not disclosed, but the Triangle Business Journal reported the asset traded for $132 million. Completed in 2017, the 329,747-square-foot property was fully leased at the time of sale to tenants including Altera, Gilead Sciences and Fifth Third Bank. Ryan Clutter, Richard Reid, Daniel Flynn, C.J. Liuzzo, Sarah Holloway and Woody Flythe of JLL represented Lionstone, which was working on behalf of an institutional investor.
HILLSBORO, TEXAS — Marcus & Millichap has brokered the sale of Lock & Key Storage, a 228-unit facility that sits on a 10.2-acre site in Hillsboro, located roughly midway between Fort Worth and Waco. Danny Cunningham, Jon Danklefs, Brandon Karr, Dave Knobler and Mixson Staffel of Marcus & Millichap represented the seller in the transaction. The team also procured the buyer, a limited liability company. Both parties requested anonymity.
PENSACOLA, FLA. — A joint venture between Harrison Street and The Michaels Organization has sold The Next, a 551-bed student housing community located near the University of West Florida campus in Pensacola. CBRE National Student Housing’s Jaclyn Fitts, William Vonderfecht and Casey Schaefer represented the seller, in partnership with CBRE Jacksonville Multifamily’s Ryan Hixon. WFI acquired the property for an undisclosed price. The Next offers fully furnished units with bed-to-bath parity. Shared amenities include a clubhouse, game room, computer center, tanning station, resort-style swimming pool, fitness center and study rooms on each floor.
THE WOODLANDS, TEXAS — EDGE Realty Partners has arranged the sale of College Park Plaza, a 70,227-square-foot shopping center in The Woodlands, about 30 miles north of Houston. The center was built in 2004 and is home to tenants such as Uptown Salons, Café Express, The Blood Center, Amerejuve MedSpa and Woof Gang Bakery & Grooming. Chace Henke and Micha van Marcke of EDGE represented the buyer, Last Mile Investments, in the transaction. The seller and sales price were not disclosed.
EASTON, MD. — Synergy Investment Fund has acquired Tred Avon Square, a 147,668-square-foot retail center located in Easton, a city on east side of Chesapeake Bay near the Maryland-Delaware border. ACME, Big Lots, Easton Cinemas, Rent-A-Center, Sherwin-Williams, My Eye Dr., Osteria Alfredo, Ship and Print, Subway, Hong Kong Kitchen, Nails & Spa, Lendmark, Chincheck Sports Locker, T-Mobile, Admiral Cleaners, Rusty Hook Bait and Tackle, Spin Groove Records and Dunkin’ are tenants at the property. SVN | Miller Commercial Real Estate represented the buyer in the transaction. Ross Benincasa and Ryan Finnegan of SVN | Miller will oversee leasing at the center.
ALCOA, TENN. — SRS Real Estate Partners has brokered the $7.2 million sale of Alcoa Commons, a newly built retail center in Alcoa, a city roughly 14.5 miles south of Knoxville, Tenn. Situated at 1010-1020 Alcoa Market St., the 13,890-square-foot property was fully leased at the time of sale to tenants including Orangetheory Fitness, Eyeglass World, The Joint Chiropractic and a freestanding outparcel building occupied by First Watch. Patrick Nutt and William Wamble of SRS represented the seller, a Tennessee-based developer, in the transaction. The private buyer, a Chicago-based company, purchased Alcoa Commons in a 1031 exchange.
HOUSTON — Zar Law Firm has purchased a 45,648-square-foot office building in West Houston. According to LoopNet Inc., the four-story building at 17 Briar Hollow Lane was built in 1974 and renovated in 1993. Ryan Hartsell of locally based brokerage firm Oxford Partners represented the buyer in the transaction. Bill Byrd and Marshall Clinkscales of Colliers represented the undisclosed seller.