SAN ANTONIO — Houston-based brokerage firm Partners Real Estate has arranged the sale of a 6,866-square-foot office building in San Antonio. According to LoopNet Inc., the single-tenant property at 825 Jackson Keller Road was built on 1.4 acres in 1996. Joe Bright of Partners represented the seller, River City Federal Credit Union, in the transaction. Additional terms of sale were not disclosed.
NEW YORK CITY — Marcus & Millichap has brokered the $12.2 million sale of a 93-unit apartment building in Manhattan’s Marble Hill neighborhood. The name and address of the property were not disclosed. Seth Glasser, Michael Fusco, Binyamin Katz and Joe Koicim of Marcus & Millichap brokered the deal. The buyer and seller were both family-run companies that requested anonymity.
BEMIDJI, MINN. — Marcus & Millichap has brokered the $1.7 million sale of Kestrel Pines Townhomes in Bemidji, a city in northern Minnesota. Constructed in 2005, the rental townhome property consists of 30 units and is located at 906 26th St. NW. The units feature individual garages, patios and washers and dryers. Chris Collins and Evan Miller of Marcus & Millichap represented the buyer and seller, both of which were limited liability companies.
HONDO, TEXAS — Northmarq has arranged the sale of Las Palomas Apartments, a 108-unit multifamily property located in the western San Antonio suburb of Hondo. Built in 1995, the property offers two- and three-bedroom units and amenities such as a playground, dog park and onsite laundry facilities. Zar Haro, Moses Siller, Bryan VanCura, Phil Grafe and Brian Booth of Northmarq represented the seller, Lonestar Springs, in the transaction and procured the buyer, Revive Real Estate. Cheryl Higley of Northmarq also arranged acquisition financing on behalf of Revive Real Estate.
SIDNEY, N.Y. — Houlihan-Parnes Realtors has negotiated the sale of Hidden Hollows, a 50-unit apartment complex in Sidney, a village in upstate New York’s Delaware County. The garden-style complex consists of five two-story buildings on a 5.1-acre site. The unit mix comprises 32 three-bedroom apartments and 18 four-bedroom residences, and the property also includes 50 covered parking spaces. Ed Graf and Ted Sannella of Houlihan-Parnes brokered the deal. The buyer and seller were not disclosed.
NEWTON AND KINGSTON, N.H. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $3.8 million sale of a portfolio of six multifamily buildings totaling 24 units in the southern New Hampshire communities of Newton and Kingston. Drew Kirkland, Francis Saenz and Jim Casey of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction. The names of the properties were also not disclosed.
LOS ANGELES — AMDA College of the Performing Arts has executed a sale-leaseback agreement at the close of escrow on its current space at 1777 Vine St. in Hollywood’s downtown core. The 39,248-square-foot, five-story building sold for $23 million. AMDA signed an 18-year lease at the property. Avison Young’s Chris Bonbright and Chase Gordon represented AMDA. Craig White of Sotheby’s International Realty represented the buyer, J&L Realty Partners.
LOS ANGELES — Kidder Mathews has arranged the sale of The Mint, a 42-unit multifamily property in downtown Los Angeles. A local investor acquired the asset for $17.5 million. The community is located at 1136 W. 6th St. Originally constructed in 1923 as an office building, it underwent a $12 million renovation in 2016. The project included structural upgrades, seismic retrofit work, and significant building system upgrades to electrical, elevators, and plumbing. Kidder Mathews’ Janet Neman and Angelica Gotzev represented the seller, a real estate investment firm managing assets throughout the U.S. and Europe. Jason Aftalion of Teva Properties was an advisor to the seller and provided management services for the asset.
IOWA, MONTANA, NORTH DAKOTA, NEBRASKA AND WISCONSIN — Marcus & Millichap has brokered the sale of a 22-property portfolio occupied by Arby’s in the Midwest for $35.1 million. The net-leased assets are located in Iowa, Montana, North Dakota, Nebraska and Wisconsin. Drew Isaac and Brian Bailey of Marcus & Millichap represented the seller, an Arby’s franchisee. As part of the sale, new leases were executed for the properties. The buyer was undisclosed.
BRISTOL, WIS. — Colliers has arranged the sale of a 396,508-square-foot distribution center in Bristol, a city in Southeast Wisconsin. Zebra Technologies, a digital solutions, hardware and software company, fully leases the Class A facility. Built in 2021, the property features a clear height of 36 feet and 74 trailer parking spots. Jeff Devine and Steve Disse of Colliers represented the seller, Janko Group. The buyer and sales price were undisclosed.