LAS VEGAS — Chicago-based Newcastle Properties has purchased a retail center located at the northeast corner of Lake Mead Boulevard and Tenaya Way in Las Vegas’ Summerlin area. Terms of the transaction were not released. Whole Foods Market, Five Guys Burgers and Fries, Blaze Pizza, Firehouse Subs and FedEx Office are tenants at the 90,373-square-foot shopping center.
VANCOUVER, WASH. — HDA Partners has purchased Y Plaza, a shopping property in Vancouver, from Slosar Properties for $3.6 million. Located at 14602-14612 NE Fourth Plain Blvd., Y Plaza features 22,200 square feet of retail space. Deborah Ewing of Fuller Group Commercial Real Estate Services represented the seller, while Eric Garske of Marcus & Millichap represented the buyer in the deal.
VISTA, CALIF. — Voit Real Estate Services has negotiated the acquisition of a retail building at 825 Civic Center Drive in Vista, approximately 40 miles north of San Diego. Newport Beach-based Union Bank of California sold the asset to Vista-based Moonlight Cultural Foundation for $2 million. The buyer, a local theatre production company, will use the 6,360-square-foot building for youth training and prop storage. Peter Kies of Voit Real Estate Services’ Carlsbad office represented the seller, while Cushman & Wakefield represented the buyer in the transaction.
DALLAS — AMLI Residential has sold AMLI Design District, a 314-unit apartment community in Dallas. The property was built in 2013 and includes 26,830 square feet of retail space and 664 parking spaces. Units come in studio, one- and two-bedroom floor plans and are furnished with stainless steel appliances, quartz countertops, walk-in closets and individual washers and dryers. Amenities include a pool, fitness center, coffee bar, outdoor grilling and dining stations, multiple pet play areas, conference room and a skyline lounge. Roberto Casas of JLL represented AMLI Residential in the transaction. Melissa Quinn, Lee Weaver, Rob Rothaug, Cristian Sieman, Lauren Dow and Chris Grievous, also with JLL, provided an undisclosed amount of Freddie Mac acquisition financing to the buyer, international investment firm HASTA Capital. The sales price and financing amount were not disclosed.
DALLAS — Locally based brokerage firm STRIVE has negotiated the sale of Gallery on the Parkway, a 146,612-square-foot shopping center in North Dallas. Bed, Bath & Beyond and Buy, Buy Baby most recently anchored the property, which was built on 12 acres in 1995. Other tenants include Nordstrom Rack and Cost Plus World Market. Chicago-based REIT Blue Owl Real Estate sold Gallery on the Parkway to Dallas-based investment firm Four Rivers Capital for an undisclosed price. Adam Gottschalk of STRIVE brokered the deal.
SAN MARCOS, TEXAS — Dallas-based brokerage firm Vanguard Real Estate Advisors has arranged the sale of a multifamily development site in the Central Texas city of San Marcos. The site spans 22.8 acres at the southwest corner of Staples Road and Old Bastrop Highway. Jordan Cortez, Mason John and Haley Birmingham of Vanguard represented the buyer, South Carolina-based Woodfield Development, which plans to develop a 360-unit project at the site that will be known as Addie’s Point.
CHICAGO — Interra Realty has brokered the $4.1 million sale of a 35-unit apartment building in Chicago’s West Ridge neighborhood. Located at 2801 W. Lunt Ave., the property features 28 one-bedroom units, three two-bedroom units and four ground-level commercial spaces. The building was originally constructed in 1932. Patrick Kennelly and Paul Waterloo of Interra represented the buyer, Teko Menetti. Joe Smazal of Interra represented the seller, a local private investor.
CHICAGO — Marcus & Millichap has arranged the sale of a 7,466-square-foot medical property occupied by Oak Street Health in Chicago for $3.6 million. The net-leased building is located at 6918 W. Archer Ave. and recently received a new roof along with interior and exterior renovations. Oak Street Health signed a new 20-year lease for the location. Austin Weisenbeck, Sean Sharko and Daniel Chumbley of Marcus & Millichap represented the seller, a limited liability company. Jack Hopkins of Marcus & Millichap represented the buyer, a California-based private investor. Oak Street Health, which operates 170 locations in 21 states, was acquired by CVS earlier this year for $10.6 billion.
NEW YORK CITY — JLL has negotiated the $27.5 million sale of flex property located at 185 Van Dyke St. in Brooklyn’s Red Hook neighborhood that was originally built in the mid-1800s. According to LoopNet Inc., the property totals 100,697 square feet and can support office, retail and light industrial uses. Michael Mazzara, Bob Knakal, Stephen Palmese, Brendan Maddigan, Hall Oster, Jonathan Hageman, Ethan Stanton, Winfield Clifford and Connor McCullough of JLL represented the seller, locally based investment firm Lande Alexander Properties, in the transaction. Dan Morici, also with JLL, represented the buyer, San Francisco-based Terreno Realty Corp.
ASHFORD, CONN. — Northeast Private Client Group (NEPCG) has arranged the $6.1 million sale of Ashford Hills Apartments, a 52-unit multifamily property located on the eastern outskirts of Hartford. According to Apartments.com, the property was built in 1969 and offers one-, two- and three-bedroom units that range in size from 625 to 1,014 square feet. Taylor Perun and Cameron Formica of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.