CARROLLTON, TEXAS — Lee & Associates has negotiated the sale of a 100,800-square-foot industrial facility that sits on a four-acre lot at 1401 Dunn Drive in the northern Dallas suburb of Carrollton. Stephen Williamson of Lee & Associates represented the buyer, metro Boston-based investment firm High Street Logistics Properties, in the transaction. Keenan Cook of Mercer Co. represented the seller, Charity Supply. The sales price was not disclosed.
SAN BERNARDINO, CALIF. — Paladin Equity Capital has purchased a 1.7-acre land site at 898 E. Harriman Place in San Bernardino from Los Angeles-based NHOS Enterprises. The buyer plans to develop an Everhome Suites extended-stay hotel on the site. Slated to break ground in summer 2023, the 60,000-square-foot hotel will feature 117 apartment-style guest rooms with fully equipped kitchens and customizable space, including workstations, full-size closets, additional storage and spa-like bathroom. Onsite amenities include public spaces, a fitness center and a 24/7 self-service marketplace with a variety of food and beverage options. Brad Umansky and Paul Galmarini of Progressive Real Estate Partners represented the seller, while Kevin Barry of Irish Commercial Brokerage represented the buyer in the transaction.
SEATTLE — Green Leaf Capital Partners has purchased Broadstone Sky, a mid-rise apartment community at 4745 40th Ave. S.W. in Seattle. David Young, Corey Marx, Chris Ross, Jordan Louie and Michael Lyford of JLL Capital Markets’ investment sales and advisory team represented the undisclosed seller in the deal. Terms of the transaction were not released. Completed in 2016, Broadstone Sky features 151 one- and two-bedroom units with an average size of 706 square feet, stainless steel appliances, quartz countertops, full-size washers and dryers, oversized windows and vinyl plank flooring. Community amenities include a 24-hour athletic center, rooftop deck, entertaining kitchen, resident lounge, two outdoor barbecue areas and an on-site coffee and wine shop.
HOUSTON — VeriTrust Corp., a provider of document shredding and other information management services, has signed a 41,937-square-foot industrial lease at 2155 Silber Road in northwest Houston. According to LoopNet Inc., the property was built in 1979 and totals 95,600 square feet. Chris Kugle of Partners represented the tenant in the lease negotiations. Carter Holmes and Matt Dewhirst of Holt Lunsford Commercial represented the undisclosed landlord.
PUEBLO, COLO. — Capstone has arranged the sale of a multifamily complex located at 1411-1434 Anita St. in Pueblo. The assets traded for $3.2 million. The names of the seller and buyer were not released. The 24-unit portfolio consists of six duplexes and three quadraplexes. The duplexes were built in 1994 and feature two-bedroom/one-bath units, while the quadraplexes were built in 1993 and feature 1,050-square-foot three-bedroom/two-bath units. Lee Wagner of Capstone represented the seller and buyer in the deal. Ari Schriger of WCW Commercial arranged financing for the value-add acquisition.
MARLTON, N.J. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of The View at Marlton, a 91,000-square-foot shopping center in Southern New Jersey. The sales price was $36.5 million. LA Fitness anchors the center, which was originally built in 2017 and was 98 percent leased at the time of sale. Other tenants include Truist Financial Corp., Restore Cryotherapy and Smoothie King. Brad Nathanson of IPA represented the seller, a partnership between Philadelphia-based firms Abrams Realty & Development and Lazgor Co., in the transaction. Nathanson also procured the buyer, Paramount Realty Services, which acquired the asset via a 1031 exchange.
CAMBRIDGE, MASS. — Locally based firm Nauset Construction is underway on the renovation of a 90,000-square-foot data center that is located across the Charles River from Boston in Cambridge. The project represents the third phase of capital improvements at the property at 300 Bent St. Upgrades will include the demolition and excavation of the existing lobby, the revamping of mechanical and utility systems and the addition of another 8,000 square feet of tenant space. Khalsa Design is the project architect. Construction is anticipated to be complete this fall. CEM Realty Trust owns the property.
PENNSYLVANIA — Evans Senior Investments (ESI) has arranged the $39 million sale of a portfolio of three seniors housing properties in Pennsylvania. The properties, the specific names and locations of which were not disclosed, total 395 skilled nursing beds and 32 units of private-pay seniors housing. The portfolio was approximately 64 percent occupied at the time of sale. The buyer was a regional owner-operator, and the seller was not disclosed.
NEW YORK CITY — JLL has negotiated a 45,000-square-foot, 20-year office lease at 2100 Bartow Ave. in The Bronx. The 180,000-square-foot building was constructed in 1988. Al Gutierrez and Ian Ceppos of JLL represented the landlord, Prestige Properties, in the lease negotiations. Mark Boisi and Stephen Bellwood of Cushman & Wakefield, along with Neil Lipinski of Lipinski Real Estate represented the tenant, United Federation of Teachers. The tenant plans to take occupancy of its new space this fall.
PARAMUS, N.J. — The Hospital for Special Surgery (HSS) has signed a 40,062-square-foot healthcare lease at Nexus 17, a two-building complex located in the Northern New Jersey community of Paramus. Brian Given, Bryn Cinque and James Bailey of Colliers represented HSS in the lease negotiations. David DeMatteis, Benjamin Brenner and Mark Zaziski of Cushman & Wakefield represented the landlord, The Birch Group. The building is now 96 percent leased.