NEW YORK CITY — Eastdil Secured has arranged the recapitalization of Park Sixty, a 186,000-square-foot medical office building located at 110 E. 60th St. in Manhattan’s Plaza District. The property consists of 179,000 square feet of medical office space and 7,000 square feet of retail space and recently underwent a $20 million renovation that upgraded the building’s infrastructure, lobby and common areas. Eastdil acted on behalf of Connecticut-based investment management firm LoanCore Capital, which now owns and operates Park Sixty in partnership with real estate private equity firm Blue Arch Capital and Dallas-based Lincoln Property Co.
TORRANCE, CALIF. — Berkadia has negotiated the sale of Anza South Apartments, a garden-style multifamily property in Torrance. Gardena, Calif.-based Swami International acquired the asset from Paladin Co. for $11.7 million. Located at 21010 Anza Ave., Anza South Apartments offers 34 residences, averaging 1,121 square feet. The gated community was built in 1964. Steffan Braunlich and Trent Gardner of Berkadia’s El Segundo office represented the seller, while John Barbie of Bro-Deals Los Angeles represented the buyer in the transaction.
DENVER — Pinnacle Real Estate Advisors has arranged the sale of a 6,233-square-foot commercial boutique building at 1532 Emerson St. in Denver. The three-story property traded for $1.3 million. According to LoopNet Inc., the property, informally known as The Gargoyle Building, was originally built in 1937. Nick Schill of Pinnacle represented the seller, an entity doing business as FILROSS 1328 LLC, in the transaction. The buyer was not disclosed.
WATERTOWN, MASS. —Biotechnology company NewCo has signed a 61,189-square-foot life sciences lease in the western Boston suburb of Watertown. The building at 66 Galen St. is a newly completed, 225,000-square-foot facility that is part of a larger, 450,000-square-foot campus. Evan Gallagher and John Carroll of Colliers represented NewCo in the lease negotiations. Duncan Gratton, Connor Barnes and Joe Pearce of Cushman & Wakefield represented the landlord, a partnership between two locally based firms, Davis Cos. and Boston Development Group.
EXTON, PA. — Kimberton Whole Foods will open a new, 14,000-square-foot store in Exton, roughly 30 miles outside Philadelphia. Construction on the building will begin before the end of October, with the opening scheduled for spring 2026. The store will be situated within the 800-acre Eagleview mixed-use development. Hankin Group is the developer and landlord. The store will be the eighth overall for the family-owned organic grocer.
PEARLAND, TEXAS — A partnership between South Florida-based Eastham Capital and local owner-operator Mosaic Residential has purchased Amber Oaks and Park Place, two adjacent apartment complexes totaling 164 units in the southern Houston suburb of Pearland. Built in 2015, Amber Oaks comprises 16 one-bedroom units and 47 two-bedroom apartments across two three-story buildings. Constructed in 1972, Park Place consists of 21 one-bedroom apartments, 72 two-bedroom residences and eight three-bedroom units across 14 two-story buildings. Residents at both properties have access to shared amenities, including a pool, outdoor grilling and dining stations and onsite laundry facilities. The seller was not disclosed.
PLANO, TEXAS — AOG Living, the Houston-based developer and operator formerly known as Allied Orion Group, has broken ground on Novum Plano, a 147-active adult project that will be located on the northeastern outskirts of Dallas. Designed by FK Architecture, the property will offer studio, one- and two-bedroom units that will be reserved for renters age 55 and above. Amenities will include a saltwater pool, pickleball court, fitness center, hair and nail salon, theater and game lounge, dog park, community gardens and outdoor kitchens. CBRE arranged construction financing for the project, completion of which is slated for late 2025.
RICHARDSON, TEXAS — Locally based brokerage firm Disney Investment Group (DIG) has arranged the sale of Arapaho Village, a 101,507-square-foot shopping center located in the northeastern Dallas suburb of Richardson. A 43,256-square-foot Tom Thumb grocery store anchors the center, which was roughly 92 percent leased at the time of sale. Other tenants include Papa John’s Pizza, Dutch Bros Coffee, WellMed and Anytime Fitness. David Disney and Adam Crockett of DIG represented the seller, New York City-based WASA Properties, in the transaction. An affiliate of Weitzman acquired the center for an undisclosed price. JLL arranged a six-year-fixed-rate acquisition loan through an undisclosed life insurance company for the deal as well as joint venture equity from an unnamed partner.
ALVARADO, TEXAS — Dallas-based brokerage firm Bradford Commercial Real Estate Services has negotiated the sale of a 33,750-square-foot industrial complex in Alvarado, located southeast of Fort Worth. The property consists of three newly constructed buildings on a five-acre site that were 67 percent leased at the time of sale. Shane Benner of Bradford represented the buyer, an entity doing business as Blue Mound Business Park LLC, in the transaction. Jake Petrie of LanCarte Commercial represented the undisclosed seller.
NIXON, TEXAS — Marcus & Millichap has brokered the sale of a 23,957-square-foot retail building in Nixon, about 60 miles east of San Antonio. The building, which sits on 4.4 acres and was completed earlier this year, is occupied by Tractor Supply Co. via a 15-year, corporate-guaranteed lease. Zack House, Mark Ruble and Chris Lind of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Tim Speck of Marcus & Millichap assisted in closing the deal.