NEWTON, MASS. — Marcus & Millichap has negotiated the $15.2 million sale of Curtis Arms Apartments, a 44-unit multifamily building located in the western Boston suburb of Newton. The property consists of four buildings that each house 11 two-bedroom units on a 1.8-acre site. The Curtis Family originally developed the property in 1969 and sold it to an undisclosed buyer. Tony Pepdjonovic and Evan Griffith of Marcus & Millichap brokered the deal.
WAUKESHA, WIS. — Founders 3 Real Estate Services has negotiated the sale of a 115,500-square-foot industrial property in Waukesha for $6.6 million. The asset is located at 21027 Crossroads Circle. Bob Flood of Founders 3 represented the seller, Kalmbach Media Co. Silgan Containers was the buyer.
NEW YORK CITY — PubMatic Inc., a software provider for the digital publishing and advertising industry, has signed a 60,000-square-foot office lease at 498 Seventh Ave. in Manhattan’s Times Square area. The company already subleases the entire 18th floor of the 960,000-square-foot building and will expand to the entire 19th floor early next year under the terms of the new deal. Greg Taubin of Savills represented PubMatic in the lease negotiations. Matt Coudert and Andrew Conrad internally represented the landlord, George Comfort & Sons.
CHICAGO — Essex Realty Group has arranged the $1.7 million sale of a two-building multifamily portfolio totaling 26 units in Chicago’s Auburn Gresham neighborhood. Located at 8301 S. Paulina St. and 1469 W. 83rd St., each building features 13 units and a mix of two- and three-bedroom units. The properties were substantially occupied at the time of sale. Robert Berman, Michael Anguiano, Daniel Shabsin, Jeremy DeMarco and Joe Kahlhammer of Essex represented the private seller. Buyer information was not provided.
LAKEWOOD, COLO. — Equity Residential has acquired NOVEL White Fence Farm, a newly constructed multifamily community at 6273 W. Jewell Ave. in the Denver suburb of Lakewood. Crescent Communities and equity partner ParkProperty Capital purchased the asset for an undisclosed price. Completed in 2023, NOVEL White Fence Farm features 202 apartments spread across two residenital buildings, a clubhouse, an all-seasons heated pool and hot tub, a fitness studio, resident gardens, private garages and secure bike storage. The LEED Gold-certified community is an adaptive reuse development of White Fence Farm, a restaurant and animal farm, with the original 9,300-square-foot farmhouse transformed into the community’s anchor clubhouse. NOVEL White Fence Farm is Crescent Communities’ first residential development in Colorado. Courtney Crowder, Jack Kachadurian and Craig Ratterman of Newmark represented the seller in the deal.
ELMHURST, ILL. — DarwinPW Realty/CORFAC International has brokered the sale of a 37,136-square-foot industrial building in the Chicago suburb of Elmhurst for an undisclosed price. Located at 737 N. Oaklawn Ave., the property features 13,920 square feet of office space, a clear height of 14.5 feet, two exterior docks, one drive-in door, 60 parking spaces and a fenced outdoor storage yard. George Cibula and Luke Ferzacca of DarwinPW Realty/CORFAC International represented the undisclosed seller. Joe Bronson of NAI Hiffman represented the buyer, Haskris, which is a manufacturer and distributor of engineered chillers and heat transfer systems. Haskris owns a building across the street and is planning to expand to the new facility.
COSTA MESA AND CHULA VISTA, CALIF. — JLL has secured $35.8 million in financing in two separate transactions for Turner Healthcare Facilities Fund, launched by Santa Monica-based Turner Impact Capital in 2017. John Chun and Matt DiCesare of JLL Capital Markets arranged the financing in both transactions. The JLL team arranged a three-year, $6.7 million loan through a regional bank for 1650 Adams Ave., a 12,436-square-foot medical property in Costa Mesa, and a seven-year, $29.1 million loan through a national healthcare lender for 480 4th Ave., a 64,231-square-foot medical building in Chula Vista.
LOS ANGELES — Reliable Properties has acquired a portion of Barnsdall Square, a grocery/drug store-anchored retail center in Los Angeles’ Los Feliz neighborhood. DMDE Properties sold the asset for an undisclosed price. The transaction includes the acquisition of a 2.86-acre parcel on 1625 N. Vermont Ave. and a partial interest in the 1.39-acre parcel on 1533 N. Vermont Ave. Spanning 6.3 acres, Barnsdall Square offers 92,000 square feet of leasable space. Current tenants include Jons Marketplace Grocery Store, Rite Aid Pharmacy and 22 other tenants. Jeff Adkison, Bryan Ley, Rob McRitchie and Brendan McArthur of JLL Retail Capital Markets represented the seller in the deal.
COLLINGSWOOD, N.J. — Cooper University Health Care has opened the 3,800-square-foot Center for LGBTQ+ Health in Collingswood, located outside of Philadelphia in Southern New Jersey. The site is about four miles from Cooper University Hospital and houses six exam rooms, a therapy and counseling room, staff lounge, provider offices and a central medical assistant station. Spiezle Architecture Group designed the clinic, and general contractor Gary F. Gardner Inc. handled the build-out.
PASCO, WASH. — Bluerock Real Estate and Security Properties have completed the disposition of Navigator Villas, an apartment property located at 6212 N. Road 68 in Pasco. Terms of the transaction were not released. Pasco is located along the Columbia River southeast of Seattle and southwest of Spokane. Built in 2013, Navigator Villas offers four two-bedroom duplexes and 172 townhomes averaging 985 square feet. Each unit features black appliances, vinyl tile flooring, gas fireplaces, air conditioning and an in-unit washer. Situated on 10.7 acres, the community features a clubhouse, resort-style pool, 24-hour fitness center, playground and 352 parking spaces. Josh McDonald, Joe Nydahl and Phil Oester of CBRE represented the sellers in the transaction. Jim Flinn and Justin Fitchett of CBRE arranged long-term agency financing on behalf of the undisclosed buyer.