AUSTIN, TEXAS — Northmarq has brokered the sale of Cielo at North Domain, a 64-unit apartment complex in North Austin. Built in 1973, the property consists of eight two-story buildings that primarily house one-bedroom units with an average size of 600 square feet. About half the residences have been recently upgraded with new appliances, windows, fixtures, hardware and countertops. Hayden Schnieders, Scott Lamontagne, Will Collier and Jordan Vaughn of Northmarq represented the seller, Atlanta-based Zavala Capital Group, in the deal. The buyer was Texas Housing Conservancy, an Austin-based multifamily operator.
HAZLETON AND CENTER VALLEY, PA. — Northmarq has brokered the sale of two manufactured housing properties totaling 163 sites in the Lehigh Valley region. Birch Knoll is a 92-site property in Hazleton that was built in 1989. Saucon Valley Crossing in Center Valley totals 71 lots in both single and double formats and was originally constructed in 1947. Anthony Pino and Ari Azarbarzin of Northmarq represented the seller, Pennsylvania-based ME Management, in the transaction. The buyer(s) and sales price(s) were not disclosed.
AUSTIN, TEXAS — Colliers and Northmarq have brokered the sale of Twin Towers, a 203,221-square-foot office complex that sits on a 7.2-acre site in Austin’s Windsor Park neighborhood. The lobbies, restrooms and conference spaces at the two buildings were recently renovated, and the complex was 59 percent leased at the time of sale. Doug Rauls of Colliers, in conjunction with Scott Lamontagne and Chase Gardner of Northmarq, represented the seller, California-based Omninet Capital, in the transaction. Michael Bullard of Dovetail Commercial represented the buyer, Sock Club, which also plans to occupy the building.
FLEMINGTON, N.J. — Marcus & Millichap has brokered the $7.5 million sale of a 7,388-square-foot retail strip center in Flemington, about 60 miles southwest of Manhattan. The center was renovated in 2023 and is home to Aspen Dental and City MD Urgent Care. Dean Zang, David Crotts, Alan Cafiero and Brent Hyldahl of Marcus & Millichap represented the seller, New Jersey-based investment firm Paramount Realty, in the transaction. Tom Georges of Northmarq represented the buyer, a local private investor.
SAN ANTONIO — Northmarq has brokered the sale of The Flats at 9338, an 88-unit multifamily complex in northeast San Antonio. Built on 3.2 acres in 1974, the property features one- and two-bedroom units with an average unit size of 850 square feet and amenities such as a pool, clubhouse and onsite laundry facilities. Zar Haro, Moses Siller, Bryan VanCura, Phil Grafe, Brian Booth, Rudy Dodier and Kevin Garza of Northmarq represented the seller, Astoria Partners LLC, in the transaction. The buyer was California-based Olson Capital.
AUSTIN, TEXAS — Northmarq has provided a $23.6 million Fannie Mae acquisition loan for The District at SoCo, a 215-unit apartment complex in Austin. The site at 501 E. Oltorf St. is located near the downtown area. The District at SoCo was built in 2012 and offers one- and two-bedroom units and amenities such as a pool, fitness center, outdoor kitchen and a dog park. Jesse Lemos of Northmarq originated the five-year, interest-only loan on behalf of the undisclosed borrower.
SAN ANTONIO — Northmarq has brokered the sale of Regatta Apartment Homes, a 200-unit multifamily complex in San Antonio’s Northern Hills neighborhood. Built in 1982, the property offers one-, two- and three-bedroom floor plans and amenities such as a pool, tennis court, clubhouse and walking trails. Zar Haro, Moses Siller, Bryan VanCura, Phil Grafe, Brian Booth, Rudy Dodier and Kevin Garza of Northmarq represented the undisclosed seller in the transaction. The buyer, an affiliate of CREE Capital, assumed the seller’s loan.
ALLENTOWN, PA. — Northmarq has arranged the sale of Red Maple Acres, a 202-site manufactured housing property in the Lehigh Valley city of Allentown. Red Maple Acres was built in 1960 and was 98 percent occupied at the time of sale. Ari Azarbarzin and Anthony Pino of Northmarq represented the seller, an entity doing business as Red Maple Acres LLC, in the transaction. The buyer and sales price were not disclosed.
MISSION, TEXAS — Northmarq has brokered the sale of Las Misiones Apartments, a 118-unit multifamily complex located in the Rio Grande Valley city of Mission. Built in 2005, the property offers one-, two- and three-bedroom units that range in size from 751 to 1,359 square feet. Amenities include a pool, fitness center, business center, playground, clubhouse, basketball court and a lounge. McGuire Family Properties purchased the asset from a pair of private investors for an undisclosed price. Zar Haro, Moses Siller, Phil Grafe, Bryan VanCura and Brian Booth of Northmarq brokered the deal.
NEWVILLE, PA. — Northmarq has negotiated the sale of Big Spring Terrace, a 159-unit manufactured housing community in Newville, about 140 miles west of Philadelphia. The property was originally constructed on a 94-acre site in 1975 and was roughly 94 percent occupied at the time of sale. Anthony Pino and Ari Azarbarzin of Northmarq represented the seller, Pennsylvania-based Big Springs Properties, in the transaction. The buyer and sales price were not disclosed.
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