HUMBLE, TEXAS — Colliers has brokered the sale of a 51,951-square-foot industrial property in Humble, a northern suburb of Houston. The site at 134 Wilson Road houses multiple buildings that were constructed between 1960 and 2009 and that offer a variety of configurations and clear-height ranges. Tom Condon Jr. of Colliers represented the seller, Humble Machine Works Inc., in the transaction. Ross James and David Claros of Newmark represented the undisclosed buyer.
ROCK HILL, S.C. — Atlanta Property Group (APG) has acquired 885 Paragon Way, a 300,080-square-foot distribution facility located in Rock Hill, roughly 15 miles south of Charlotte. Situated in the master-planned Riverwalk Business Park, the temperature-controlled property features 32-foot clear heights, 33 dock high doors, a 180-foot truck court and a 4,000-amp electrical system. The property is currently vacant. The sales price and seller were not disclosed.
ST. LOUIS PARK, MINN. — JLL Capital Markets has arranged the sale of Helix Apartments, a 167-unit property in the Minneapolis suburb of St. Louis Park. Built in 1985 and extensively renovated between 2020 and 2022, Helix Apartments features units averaging 990 square feet. Amenities include a pool, fitness center, community lounge with coffee bar, rooftop terrace, dog park and walking paths. Josh Talberg, Joseph Peris and Jack Graveline of JLL represented the seller and procured the buyer, Jason Quilling of QT Holdings.
MINNEAPOLIS — CBRE has brokered the sale of Second + Second, a 158-unit apartment complex in the North Loop of Minneapolis. The property is located at 120 N. Second St., just west of the Mississippi River. Built in 2020, the asset features a range of studio, one- and two-bedroom floor plans averaging 863 square feet. Amenities include underground parking, a sky lounge, fitness center and pet wash station. CBRE’s Ted Abramson, Abe Appert and Keith Collins represented the seller, Solaris Group. Roundhouse was the buyer.
ARLINGTON, MASS. — Marcus & Millichap has brokered the $20.5 million sale of Mystic Grove Apartments, a 60-unit multifamily complex located on the northwestern outskirts of Boston. Built in phases between 1925 and 1963, Mystic Grove offers studio, one-, two- and four-bedroom apartments, as well as a fitness center and onsite laundry facilities. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
BRIDGEWATER, N.J. — Colliers has negotiated the sale of CenterPointe I, a 66,500-square-foot vacant office building in the Northern New Jersey community of Bridgewater. Allstate Insurance previously occupied the building, which according to LoopNet Inc. is part of a larger campus known as CenterPointe at Bridgewater. Jacklene Chesler, Patrick Norris and Brittany Leventoff of Colliers represented the seller, Signature Acquisitions, in the transaction. The buyer was an undisclosed nonprofit organization.
TAMPA, FLA. — JLL Capital Markets has arranged the sale of a nine-building portfolio located across two industrial parks in Tampa on the east side of the city’s central business district. East Capital Partners purchased the 492,957-square-foot portfolio for $92.5 million, according to the Tampa Bay Business Journal. Luis Castillo, Cody Brais and David Orta Jr. of JLL represented the seller in the transaction. Melissa Rose, Jovi Rodriguez and Duncan Miller, also with JLL, secured financing for the acquisition on behalf of the new owner. The portfolio spans 25.6 acres and includes Adamo Distribution Center and Commerce Distribution Center. The small-bay industrial parks were 94 percent leased at the time of sale to 28 tenants across multiple industries such as utilities, logistics, manufacturing, consumer goods, building materials, biotech, medical supplies and technology.
HIALEAH, FLA. — Basis Industrial has purchased a portfolio of 42 small-bay industrial buildings totaling 396,135 square feet in Hialeah, a suburb of Miami, for $84.4 million. Jose Lobón of CBRE represented the seller, TA Realty, in the transaction. Anthony Scavo internally represented Basis Industrial. BankUnited and Seacoast Bank provided financing for the acquisition, while NexPoint Advisors provided more than $20 million of preferred equity. The portfolio includes 24 buildings totaling 282,000 square feet at West 31st Place, West 32nd Place and West 33rd Place; 17 buildings totaling 93,116 square feet in the east pocket at West 8th Court, West 27th Street and West 28th Street; and one 20,119-square-foot building at 7395 W. 18th Lane. The industrial buildings feature a mix of cross-dock and front-load configurations with dock-high and grade-level loading, 14- to 22-foot clear heights, with roughly 5 to 12 percent of the space dedicated to offices. The portfolio was 85 percent leased to 79 tenants at the time of sale in industries relating to home design and improvement, as well as many other small family-owned businesses. The average tenant size is approximately 4,280 square feet.
WASHINGTON, D.C. — BXP has acquired 2100 M Street, a 300,000-square-foot office building located in the West End of Washington, D.C., for $55 million. The publicly traded, Boston-based office REIT plans to demolish the existing building and develop a new 320,000-square-foot office tower. BXP expects to commence construction of the project in 2028. Eastdil Secured represented the undisclosed seller in the transaction. Additionally, Sidley Austin LLP has signed a 240,000-square-foot lease to anchor the future trophy property, occupying 75 percent of the building. The global law firm will be situated on the fourth through 10th floors and is scheduled to move into its new space in 2031. Lou Christopher and Jordan Brainard of CBRE represented Sidley Austin in the lease transaction.
CARY, N.C. — The Sigmund Cos. (TSC) has acquired Millpond Village, an 84,373-square-foot grocery-anchored retail center located in Cary, a suburb of Raleigh. TSC will operate the property as part of a joint venture with a Washington, D.C.-based institutional partner. Anchored by Publix, Millpond Village features other national tenants such as Dollar General and Starbucks. Berkeley Capital Advisors represented the undisclosed seller in the transaction. CBRE will handle leasing at Millpond Village, while Cushman & Wakefield will provide management services.