SAN FRANCISCO — Highgate and Flynn Properties have acquired the Huntington Hotel in San Francisco’s Nob Hill neighborhood. The hotel was originally built in 1924. It was the first steel and brick high rise west of the Mississippi. The partners intend to renovate the hotel’s public areas, guest rooms, Big 4 Restaurant and spa. The hotel is scheduled to reopen in 2025.
FORT WORTH, TEXAS — Global Real Estate Advisors (GREA) has arranged the sale of Sierra Hermosa, a 168-unit apartment complex located in Fort Worth’s Western Hills neighborhood. According to Apartments.com, the property was built in 1970 and offers one- and two-bedroom units, as well as a clubhouse and onsite laundry facilities. Mark Allen of GREA brokered the deal. The buyer and seller were not disclosed.
PHILADELPHIA — Newmark has brokered the $13.1 million sale of a portfolio of two industrial buildings totaling 32,435 square feet in Philadelphia. At the time of sale, the portfolio, which spans 6.7 acres, was fully leased to logistics company GSR Global. Ryan Guittare of Newmark represented the seller, New York City-based investment firm IG Logistics, and procured the undisclosed buyer in the transaction.
RUSH CENTER, LA CROSSE AND LIBERAL, KAN. — In a sale-leaseback transaction, MAG Capital Partners LLC has acquired a 325,295-square-foot industrial portfolio in Kansas for an undisclosed price. KBK Industries, a manufacturer of standard and customized fiberglass tanks and steel products, was the seller and will continue to occupy the facilities. The three-property portfolio includes 2537 E. Highway 96 in Rush Center, 1914 Highway 183 in La Crosse and 2201 N. Country Estates Road in Liberal. Jeff Jackson and Reed Hudson of CBRE represented KBK, which is headquartered in Rush Center. Led by Dax Mitchell and Andrew Gi, MAG Capital Partners is a Dallas-based investment firm.
PEORIA, ARIZ. — Montecito Medical Real Estate has acquired Banner Health Center Peoria, a fully leased, 68,000-square-foot medical building in Peoria, for $29 million. The three-story medical office building features a multi-specialty ambulatory surgery center with three operating rooms, advanced imaging, and primary and specialty care. It is leased on a single-tenant basis to Banner Health. The center is a key outpatient location for Banner Health, serving its patients in the northwest Phoenix metro area. It is less than two miles from the 410-bed Banner Boswell Medical Center. JLL represented the seller, Banner Health, in this transaction. The JLL Healthcare Capital Markets Advisory team consisted of Mindy Berman, Matt Dicesare and John Chun, along with Phoenix market leader Pat Williams.
PHOENIX — CapRock Partners has purchased a 130,800-square-foot, Class A industrial building in Phoenix for an undisclosed sum. The industrial warehouse facility is located at 5810 W. Buckeye Road in the Loop 202 corridor in the southwest portion of the city. The space is pre-leased to Metrie, North America’s largest manufacturer and supplier of solid wood and composite moulding. Construction on the new industrial building was completed in the first quarter of this year, with Metrie set to take occupancy in the second quarter. Don and Payson MacWilliam of Colliers International is assisting CapRock Partners with the marketing of 5810 W. Buckeye Road. Mark Seale of Avison Young represented Metrie Inc.
FONTANA, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the $2.3 million sale of a single-tenant retail property in Fontana. Dutch Bros Coffee occupies the newly constructed, 871-square-foot property, which is situated within Highland Village Shopping Center, on a triple-net-lease basis. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley represented the seller, Adler Realty Investments, in the transaction. Jeremy McChesney of Hanley represented the buyer, a private investor.
LITHONIA, GA. — Michigan-based Richmar Properties has sold Covington Square, a 144,585-square-foot shopping center in the east Atlanta suburb of Lithonia. Malls-Etc. purchased the property for $13.4 million. Craig Taylor of CBRE represented the seller in the transaction. Built in 1989 at 6152 Covington Highway, Covington Square was renovated in 2021 and was 85 percent leased at the time of sale to tenants such as Planet Fitness, Rainbow Shops, City Gear, Beauty and More, Las Colinas Restaurant and 3D Church.
DORAL, FLA. — Franklin Street has arranged the $7.3 million sale of a 14,900-square-foot, single-tenant retail store located at 3750 NW 87th Ave. in Doral, a suburb of Miami. The property was triple-net leased to CVS. Greg Matus, Adam Tiktin and Alex Lazo of Franklin Street, along with Norman Matus of Red Rock Realty, represented the seller, Illinois-based Curfin Property US Inc. Florida-based Goldenberg Investment Group Inc. purchased the property, which was built in 2016.
BALTIMORE — Harbor Stone Advisors has brokered the $5 million sale of Astor Court, a mixed-use property located at 2440 St. Paul St. in Baltimore’s Old Goucher neighborhood. Built in 1930 and renovated in 2006, the property features 26 one-bedroom apartments, 10 two-bedroom units and four commercial spaces on the ground level leased to Subway, State of the Art Hair Studio, Maryland Healthcare Clinics and Charles Village Community Benefits District. Community amenities include controlled building access, an elevator, 24-hour fitness center, community multipurpose room with kitchen, shared workspace, private courtyard, bicycle storage and a laundry facility. A small parking lot adjacent to Astor Court was included in the sale. Justin Verner, Brooks Healy and Tom Wohlgemuth of Harbor Stone represented the seller, an entity doing business as Astor Court LLC that is led by investor Michael Rock, in the transaction. The buyer was not disclosed.