MYRTLE BEACH, S.C. — Harbor Group International (HGI) has acquired Artisan Carolina Forest, a 276-unit apartment community located in Myrtle Beach, for $64.4 million. Developed in 2022, the property is located directly off SC Highway 31. Amenities at Artisan Carolina Forest include a swimming pool with a TV lounge and cabanas, dog park, electrical vehicle charging stations, a fitness and yoga center and coworking and conference rooms. John Currin and Andrea Howard of Northmarq brokered the transaction. The seller was not disclosed.
ATLANTA — Global Real Estate Advisors (GREA) has arranged the $11.4 million sale of Westside Crossing, a multifamily community located at 2265 Perry Blvd. in Atlanta’s Upper Westside neighborhood. Built in 1962, the community features 112 units in studio, one-, two- and three-bedroom floor plans. Taylor Brown, Chandler Brown and Mack Leath of GREA arranged the transaction on behalf of the seller, Greenleaf Partners. Zavala Capital acquired the property.
CHESTER, VA. — Colliers has brokered the $5.4 million sale of two retail outparcels at Bermuda Square, a shopping center located at 12531-12533 Richmond Highway in the Richmond suburb of Chester. The properties include a multi-tenant space leased to Aspen Dental and Sleep Number and a single-tenant property occupied by Chipotle Mexican Grill. Separate buyers acquired the properties for $4 million and $1.4 million, respectively. Michael Brewster and Brad Peterson of Colliers represented the undisclosed seller in the transactions, with assistance from Jay O’Donnell and Jeff Fritz of Colliers.
HOUSTON — Locally based developer Lovett Industrial and Los Angeles-based PCCP LCC have acquired The Claymoore Portfolio, a collection of 10 buildings totaling roughly 1.4 million square feet in northwest Houston. The buildings comprise two developments, Claymoore Business Park and Northwest Business Park, and range in size from 12,000 to 275,000 square feet. Claymoore Business Park features 1 million square feet of space across eight cross-dock and front-load buildings with 18- to 24-foot clear heights and 960 parking spaces. Northwest Business Park consists of one cross-dock and one front-load building totaling 378,900 square feet that offer 24-foot clear heights and 746 parking spaces. The portfolio was 100 percent leased at the time of sale to a roster of 21 tenants. Trent Agnew of JLL brokered the deal, the seller of which was not disclosed. Michael Johnson and Wally Reid, also with JLL, arranged acquisition financing through Voya Financial.
ROUND ROCK, TEXAS — Harbor Group International has purchased The Warner, a 336-unit apartment community located in the northern Austin suburb of Round Rock. Built in 2022, The Warner offers one-, two- and three-bedroom units and amenities such as a fitness center, pool with outdoor kitchens, lounge, dog park and a parking garage with EV charging stations. The Warner was 98 percent occupied at the time of sale. Patton Jones of Newmark brokered the deal. The seller was not disclosed.
IRVING, TEXAS — Challenge Manufacturing Co., a Michigan-based provider of automotive structures, has signed a 91,364-square-foot industrial lease renewal at 5101 Statesman Drive in Irving. According to commercialcafé.com, the building was constructed in 1984. Canon Shoults and Maddy Canty of Holt Lunsford Commercial represented the landlord, Oxford Properties, in the negotiations for the full-building lease. Nathan Orbin of JLL represented the tenant.
HOUSTON — CBRE has arranged a 34,000-square-foot industrial lease in southwest Houston. The tenant, industrial parts distributor Merit Brass, will occupy space at The Business Center at Five Corners, a five-building, 550,000-square-foot development. Nathan Wynne, Joseph Smith and Savannah Smith of CBRE represented the landlord, a partnership between locally based developer Levey Group and ANICO Eagle, in the lease negotiations. Reed Parker of Lee & Associates represented Merit Brass.
HOUSTON — Cushman & Wakefield has negotiated a 7,541-square-foot office lease at 1001 Fannin Street in downtown Houston. The 47-story, 1.3 million-square-foot building recently underwent a capital improvement program and features 25,000 square feet of retail and amenity space. Brad Beasley and Chip Colvill of Cushman & Wakefield represented the landlord, JMB Realty, in the lease negotiations. Joshua Brown and Kaitlyn Duffie of Newmark represented the tenant, law firm Hogan Thompson Schuelke.
NEW ROCHELLE, N.Y. — Locally based developer LCOR is underway on construction of a 307-unit apartment building at 247 North Ave. in New Rochelle, located north of New York City. The 28-story development will include 18,000 square feet of commercial space and offer studio, one- and two-bedroom apartments. Roughly 10 percent (31) of the units will be reserved as affordable housing for renters earning 80 percent or less of the area median income. Bob Tonnessen and Steven Klein of JLL arranged $94 million in construction financing through Pacific Life for the project. Completion is slated for mid-2025.
NEW YORK CITY — Derby Copeland Capital, a locally based lending and investment firm, has provided a $9.8 million acquisition loan for 414-416 West Broadway, a 13,396-square-foot, mixed-use property in Manhattan’s SoHo district. The borrower was not disclosed. The four-story building consists of four newly renovated apartments, one unrenovated apartment, one office suite and a ground-floor retail space with a contiguous basement. Marcus & Millichap brokered the $13.2 million sale of the property on behalf on behalf of the seller, Valroge Corp.