GRANBURY, TEXAS — Locally based investment firm Skywalker Property Partners has purchased a 35,000-square-foot industrial facility in Granbury, located southwest of Fort Worth. The property consists of two buildings on a 5.3-acre site that were fully leased at the time of sale. Parker LanCarte and Sarah LanCarte of LanCarte Commercial represented the undisclosed seller in the transaction. Jack Mock represented Skywalker on an internal basis.
STAMFORD, CONN. — CBRE has brokered the sale of Stamford Towers, a 326,468-square-foot office complex in southern coastal Connecticut. Stamford Towers is a two-building, transit-served development that is home to tenants such as Citigroup, Gerald Metals, H/2 Capital, Oaktree and Legal & General. Jeff Dunne, Steve Bardsley, Travis Langer and David Block of CBRE represented the seller, CBRE Investment Management, in the transaction. The quartet also procured the buyer, a joint venture between Lamar Cos. and Real Capital Solutions.
NEW YORK CITY — JLL has arranged the $25 million sale of an eight-story, 19,000-square-foot multifamily and retail building located at 149 Spring St. in Manhattan’s SoHo neighborhood. The building’s retail space, which is currently vacant, totals 2,254 square feet, and according to StreetEasy, the multifamily component encompasses seven units. Michael Mazzara, Ethan Stanton, Brendan Maddigan, Steve Rutman, Guthrie Garvin and Hall Oster of JLL represented the seller, local developer EMP Capital Group, in the transaction. The buyer was Creed Equities, a New York City-based family investment firm.
NORTH CHARLESTON, S.C. — Marcus & Millichap has brokered the sale of Tru by Hilton Charleston Ashley Phosphate, a 121-room hotel located at 2475 Prospect Drive in North Charleston. Jack Davis, Chase Dewese, Joce Messinger and Brenden DeLuke of Marcus & Millichap represented the seller in the transaction. The buyer purchased the hotel in a 1031 exchange for an undisclosed price. Both parties requested anonymity. Built in 2020 on a 2.8-acre site, the Tru by Hilton hotel features EV charging stations, an outdoor pool, fitness center and a business center.
FONTANA, CALIF. — JLL Capital Markets, on behalf of of REDA and a commingled fund managed by Clarion Partners, has arranged the sale of 11119 Juniper Avenue, a Class A distribution facility in Fontana. Terms of the transaction were not released. Cencora (formerly AmerisourceBergen Drug Corp.) leases the 436,424-square-foot Class A center on a long-term basis. Patrick Nally, Makenna Peter and Evan Moran of JLL represented the seller in the deal. Cody Clayton and Patrick Wood of JLL handled leasing of the asset. Bruce Ganong, Peter Thompson and Taylor Gimian of JLL secured acquisition financing for the undisclosed buyer.
SANTA CLARITA, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the $25 million sale of a two-tenant retail property located in Santa Clarita, roughly 30 miles north of Los Angeles. Situated within Centre Pointe Marketplace, the 83,953-square-foot property is occupied by DICK’S Sporting Goods and Burlington. DICK’S has extended its lease and remodeled its store. Meanwhile, Burlington has acquired the lease previously held by JOANN after its bankruptcy. Sean Cox and Kevin Fryman of Hanley represented the seller and developer, locally based Spirit Properties Ltd., and the buyer, in the transaction.
LAKEWOOD, COLO. — Brixton Capital has acquired Whisper Creek, a garden-style multifamily community at 3505 S. Nelson Circle in Lakewood. Terms of the transaction were not disclosed. Built in 2002 by Fairfield Residential, Whisper Creek offers 272 apartments featuring nine-foot ceilings and averaging 928 square feet spread across two- and three-story residential buildings. Community amenities include 501 parking spaces with detached garages, a resort-style pool and spa, a 24-hour fitness center, clubhouse, business center, outdoor grilling stations, a pet park and a playground. Greystar will manage the property. Tony Nargi of JLL Capital Markets secured acquisition financing on behalf of Brixton Capital.
IRVINE, CALIF. — CBRE has directed the sale of Creek Medical Buildings, a three-building medical office property located at 37, 39 and 41 Creek Road in Irvine. The asset traded for $16.2 million. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Harry Su of CBRE represented the undisclosed seller in the deal. At the time of sale, the 43,374-square-foot property was fully occupied. The asset was built in 1986.
KANSAS CITY, MO. — Tutera Senior Living & Health Care has added 26 senior living communities to its portfolio through a transaction with AlerisLife and an ongoing partnership with Diversified Healthcare Trust. The expansion, which includes eight owned acquisitions and 18 new management agreements, strengthens Tutera’s Midwest presence. With this addition, Kansas City-based Tutera will operate 108 communities across 11 states, with 66 dedicated senior living communities totaling 5,422 units. The company’s overall portfolio now encompasses 9,755 units, with a mix of 56 percent senior living and 44 percent skilled nursing. The expansion broadens Tutera’s footprint into Tennessee, adding to its presence in Alabama, Illinois, Indiana, Iowa, Kansas, Louisiana, Missouri, Nebraska, Oklahoma and South Carolina. The phased acquisition and transition of the 26 communities is expected to be completed by the end of the year. Some properties will transition to new names under Tutera.
ANNAPOLIS, MD. — Federal Realty Investment Trust (NYSE: FRT) has completed the acquisition of the retail center situated within Annapolis Town Center in Anne Arundel County, roughly 30 miles outside Washington, D.C. Federal Realty, a REIT based in North Bethesda, Md., purchased the property for $187 million. According to local reporting by the Capital Gazette, PGIM Real Estate was the seller. Anchored by Whole Foods Market, Annapolis Town Center totals 480,000 square feet. Other tenants at the property include a Life Time fitness club, Anthropologie, Sephora, RH (formerly Restoration Hardware), True Food Kitchen and Williams Sonoma. Target shadow-anchors the acquired portion of Annapolis Town Center. Greenberg Gibbons Commercial developed the mixed-use Annapolis Town Center property in 2008, with development costs estimated at $500 million. In addition to the retail component, the development features office space, luxury condominiums and apartments. The Capital Gazette reports that PGIM acquired the property from Greenberg Gibbons in 2018 for an undisclosed price. This acquisition marks the continuation of Federal Realty’s growth of its retail portfolio; the firm also acquired Town Center Plaza and Town Center Crossing in Kansas earlier this year. Federal Realty owns 102 properties that comprise approximately 3,500 tenants across 27 million commercial square feet, as well as approximately …