Acquisitions

Spectrum CRE Brokers $11.3M Sale of Santa Clarita Medical Center in California

by Amy Works October 19, 2022

SANTA CLARITA, CALIF. — Spectrum Commercial Real Estate has brokered the sale of Santa Clarita Medical Center, a medical/dental building in Santa Clarita. Yair Haimoff, Randy Cude, Andrew Ghassemi and Matt Sreden of Spectrum handled the $11.3 million transaction. The names of the seller and buyer were not released. Located at 23206 Lyons Ave., the two-story property offers 37,759 square feet of medical and dental space. The building features a mix of 24 professional medical suites, floor-to-ceiling window lines and an abundance of parking.

October 19, 2022

Acquisitions Multifamily Seniors Housing Texas

MedCore Buys 86-Unit Seniors Housing Property in Metro Dallas

by Taylor Williams October 18, 2022

FARMERS BRANCH, TEXAS — MedCore Partners has acquired The Avenues of Park Forest, an 86-unit seniors housing property in the northern Dallas suburb of Farmers Branch that offers assisted living and memory care services. MedCore plans to renovate the unit interiors and common areas, upgrade building exteriors and landscaping and rebrand the property as The Grove on Forest Lane. The seller was not disclosed.

October 18, 2022

Acquisitions Industrial Texas

IG Logistics Acquires 28,000 SF Warehouse in Grand Prairie, Texas

by Taylor Williams October 18, 2022

GRAND PRAIRIE, TEXAS — New York-based investment firm IG Logistics has acquired a 28,000-square-foot warehouse in Grand Prairie, located roughly midway between Dallas and Fort Worth. According to LoopNet Inc., the property at 104 E. Trinity Blvd. was built on 9.2 acres in 1998 and features 16-foot clear heights. At the time of sale, the building was fully leased to Beacon Roofing Supply. The seller was not disclosed.

October 18, 2022

Acquisitions Development Florida Industrial Southeast

Cushman & Wakefield Arranges $18M Land Sale in Daytona Beach, Buyer Plans 777,200 SF Industrial Project

by John Nelson October 18, 2022

DAYTONA BEACH, FLA. — Cushman & Wakefield has arranged the $18 million sale of a 67-acre industrial land site located at 1094 S. Williamson Blvd. in Daytona Beach. The buyer, Karis, expects to deliver three Class A buildings totaling 777,200 square feet on the site by late 2023. Jared Bonshire, David Perez, Taylor Zambito and Matthew Trone of Cushman & Wakefield represented the buyer in the transaction. The sellers, John Schnebly and Craig Wells, are successor co-trustees of the Berrien H Becks Sr Revocable Trust. Karis has retained the Cushman & Wakefield team to lease the development, which will be located at the intersection of I-4 and I-95. The buildings will feature cross-dock configurations, up to 100 dock doors, 40-foot clear heights, large truck courts and ample off-dock trailer parking.

October 18, 2022

Acquisitions Hospitality South Carolina Southeast

Montford, Opterra Capital Acquire 136-Room Aloft by Marriott Hotel in North Charleston

by John Nelson October 18, 2022

NORTH CHARLESTON, S.C. — A partnership between The Montford Group and Opterra Capital has acquired the 136-room Aloft Charleston Airport and Convention Center hotel by Marriott in North Charlesotn. The hotel is situated across I-526 from Charleston International Airport and near the Tanger Outlets Charleston. The new ownership plans to invest nearly $3 million to renovate the hotel and has hired Aimbridge Hospitality as a third-party operator. The seller and sales price were not disclosed. The hotel features a fitness center, business center, market, lounge, indoor pool and dry cleaning services. In addition to the Aloft hotel, Montford and Opterra Capital are currently developing four hotels in the Charleston market, including Moxy by Marriott, which is currently under construction and scheduled to open in early 2023.

October 18, 2022

Acquisitions New Hampshire Northeast Retail

Atlantic Capital Partners Negotiates $10.7M Sale of Shopping Center in Hooksett, New Hampshire

by Taylor Williams October 18, 2022

HOOKSETT, N.H. — Boston-based brokerage firm Atlantic Capital Partners has negotiated the $10.7 million sale of a 155,820-square-foot shopping center in Hooksett, a northern suburb of Manchester. A 94,500-square-foot space formerly occupied by Kmart anchors the center, and other tenants include Applebee’s, Dollar Tree and New Hampshire Liquor & Wine Outlet. Justin Smith, Sam Koonce and Cole Van Gelder of Atlantic Capital Partners represented the seller, RK Centers, and procured the buyer, Brady Sullivan Properties, in the transaction.

October 18, 2022

Acquisitions Civic Northeast Rhode Island

Marcus & Millichap Brokers $10.2M Sale of Rhode Island Civic Building

by Taylor Williams October 18, 2022

JOHNSTON, R.I. — Marcus & Millichap has brokered the $10.2 million sale of a 20,560-square-foot civic building in Johnston, a western suburb of Providence. The building houses offices of the U.S. Citizenship & Immigration Services. Laurie Ann Drinkwater and Seth Richard of Marcus & Millichap represented the seller, a private investment group, in the transaction. Additional terms of sale were not disclosed.

October 18, 2022

14001-14007-14041-14051-Rosecrans-Ave-La-Mirada-CA

Acquisitions California Industrial Western

Nuveen Real Estate Acquires 337,125 SF Distribution Facility in La Mirada, California

by Amy Works October 18, 2022

LA MIRADA, CALIF. — Nuveen Real Estate has purchased a two-building industrial distribution property situated on 14 acres at 14001-14007 and 14041-14051 Rosecrans Ave. in La Mirada. Terms of the transaction were not released. Jeff Chiate, Jeff Cole, Rick Ellison, Mike Adey, Brad Brandenburg and Matt Leupold of Cushman & Wakefield’s National Advisory Group in Southern California represented the undisclosed seller in the transaction. Cushman & Wakefield’s Randy Ellison also provided local market advisory. Built in 1997, the 337,125-square-foot asset features ample loading, ESFR fire sprinklers, 30-foot clear heights and approximately 87,139 square feet of food-grade refrigerated space. At the time of sale, the property was fully leased to three tenants.

October 18, 2022

Acquisitions California Office Western

Spectrum CRE Arranges $7.1M Sale of Office Building in Santa Clarita, California

by Amy Works October 18, 2022

SANTA CLARITA, CALIF. — Spectrum Commercial Real Estate has negotiated the off-market acquisition of an office property located at 25101 The Old Road in Santa Clarita. 360 Executive Suites SCV purchased the asset from an undisclosed seller for $7.1 million. The two-story building features 23,388 square feet of office space and comprises 90 private offices. Matt Sreden of Spectrum CRE represented the buyer in the deal.

October 18, 2022

Acquisitions Industrial Midwest Missouri Self-Storage

Argus Brokers Sale of 34,450 SF Self-Storage Facility in St. Louis

by Kristin Harlow October 18, 2022

ST. LOUIS — Argus Self Storage Advisors has brokered the sale of the Second Attic Self Storage property in St. Louis for an undisclosed price. The 34,450-square-foot facility sits on nearly two acres near I-170 and St. Charles Rock Road. Larry Goldman of Argus brokered the transaction. Second Attic Associates LLC sold the property to St. Charles Rock Storage LLC. INB Bank provided acquisition financing.

October 18, 2022

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