Property Type

Cushman & Wakefield Brokers Sale of 241,200 SF Flex Portfolio in Colorado Springs

by Amy Works April 20, 2022

COLORADO SPRINGS, COLO. — Cushman & Wakefield has arranged the sale of Interquest I-IV, a four-building flex, office and healthcare portfolio located at 9925, 9945, 9950 and 9960 Federal Drive in Colorado Springs. An undisclosed seller sold the asset to a Denver-based private partnership for an undisclosed price. Aaron Johnson and Jon Hendrickson of Cushman & Wakefield represented the seller. Constructed in phases in 2001 and 2008/2009, the buildings offer a total of 241,232 square feet of flex, office and healthcare space. At the time of sale, the portfolio was 76 percent leased to a healthcare and technology tenants. Interquest I (9945 Federal Drive) and Interquest II (9925 Federal Drive) have LEED Silver certification.

April 20, 2022

Acquisitions Multifamily Washington Western

Kidder Mathews Arranges $58.3M Sale of Two Multifamily Buildings in West Seattle

by Amy Works April 20, 2022

SEATTLE — Kidder Mathews has brokered the sale of a portfolio of apartment properties located in the Junction neighborhood of West Seattle. The communities sold for a combined price of $58.3 million. The names of the seller and buyer were not released. The portfolio includes an 80-unit building that opened in 2016 and a 62-unit building that opened in 2020. The properties are located at Junction Flats at 4433 42nd Ave. SW and Junction Landing at 4417 42nd Ave. SW. Jerrid Anderson, Brandon Lawler and Dylan Simon of the Simon and Anderson Team at Kidder Mathews’ Seattle headquarters represented the seller and directly sourced the buyer in the transaction.

April 20, 2022

Acquisitions Affordable Housing Multifamily Texas

Comunidad Partners Acquires 437-Unit Affordable Housing Community in East Dallas

by Taylor Williams April 20, 2022

DALLAS — Comunidad Partners, an investment firm that specializes in affordable and workforce housing, has acquired Villas del Zocalo, a 437-unit affordable housing community in East Dallas. Taylor Snoddy of Northmarq brokered the deal. The seller and sales price were not disclosed. The new ownership plans to invest in capital improvements to preserve the property’s affordability status. Specific information on income restrictions was not disclosed.

April 20, 2022

Acquisitions Multifamily Oklahoma Seniors Housing Texas

Plains Commercial Negotiates Sale of 243-Bed Skilled Nursing Portfolio in Oklahoma

by Taylor Williams April 20, 2022

TULSA AND CUSHING, OKLA. — Plains Commercial has arranged the sale of three skilled nursing facilities totaling 243 beds in Tulsa and Cushing, Oklahoma. Two of the buildings were built in the 1960s and 1970s and had undergone extensive renovations in recent years. The third was built in 1997. The seller was a locally based seniors housing operator, and the buyer is one of the largest skilled nursing operators in the state. Both parties requested anonymity. Daniel Morris of Plains Commercial handled the transaction.

April 20, 2022

Acquisitions Multifamily Oregon Western

Trion Properties Divests of Edison Apartments in Gresham, Oregon for $19.5M

by Amy Works April 20, 2022

GRESHAM, ORE. — Trion Properties has completed the disposition of Edison Apartments, a multifamily community located at 1833 6th St. in Gresham, the largest suburb of Portland. An undisclosed buyer acquired the property for $19.5 million. Completed in 2020, Edison Apartments features 64 units with in-unit washers/dryers, stainless steel appliances, granite countertops, air conditioning, modern wooden blinds, large windows and storage units. Community amenities include onsite parking, a communal picnic area, children’s playground, landscaped grounds and video surveillance. Jordan Carter, Tyler Linn and Clay Newton of Kidder Mathews represented the seller in the transaction.

April 20, 2022

Acquisitions Arizona Healthcare Office Western

Meridian Sells Grunow Memorial Medical Center in Phoenix for $17.9M

by Amy Works April 20, 2022

PHOENIX — Meridian has completed the sale of Grunow Memorial Medical Center, a medical office property located in Phoenix. A private Canadian investor acquired the asset for $17.9 million. Located at 925 E. McDowell, Grunow Memorial Medical Center features 53,000 square feet of medical office space. At the time of sale, the building was 90 percent leased to 12 tenants, including DaVita Dialysis. Lester A. Bryon designed the property, which was constructed in 1931. Mindy Berman of JLL represented Meridian in the transaction.

April 20, 2022

Development Office Texas

MetroNational Underway on 190,000 SF Office Project in Houston’s Memorial City District

by Taylor Williams April 20, 2022

HOUSTON — Locally based developer MetroNational is underway on construction of a 190,000-square-foot office project at 9753 Katy Freeway in Houston’s Memorial City District. Designed by Kirksey Architecture, the nine-story building marks the latest addition to the 10 million-square-foot mixed-use campus and will be situated adjacent to The McKinley, a newly built high-rise apartment tower. Completion is scheduled for the second quarter of 2023.

April 20, 2022

Acquisitions Hospitality Texas

Door Capital Partners Buys 75-Room La Quinta Inn & Suites Hotel in Cedar Park, Texas

by Taylor Williams April 20, 2022

CEDAR PARK, TEXAS — Locally based private equity firm Door Capital Partners has purchased a 75-room La Quinta Inn & Suites hotel in Cedar Park, a northern suburb of Austin. Built in 2009, the Wyndham-branded hotel offers a mix of traditional guestrooms and suites, as well as a fitness center, onsite laundry facilities, indoor pool and 625 square feet of meeting and event space. C.W. Sheehan, Matt Ctvrtlik and Hunt Wood of JLL arranged a five-year, fixed-rate acquisition loan through Alliance Bank Central Texas on behalf of Door Capital Partners.

April 20, 2022

Precision-Innovation-Park-Brookhaven-New-York

Development Industrial New York Northeast

AVR Realty, Scannell Properties to Develop 400,000 SF Spec Logistics Center on Long Island

by Taylor Williams April 20, 2022

BROOKHAVEN, N.Y. — A joint venture between locally based developer AVR Realty Co. and Indianapolis-based Scannell Properties will develop Precision Innovation Park, a 400,000-square-foot speculative logistics center that will be located in the Long Island community of Brookhaven. The 150,000-square-foot Building 1 at Precision Innovation Park will feature a clear height of 36 feet, 28 dock doors, 28 trailer stalls and parking for 150 cars. The 250,000-square-foot Building 2 will have a clear height of 40 feet, 42 loading doors, 52 trailer stalls and parking for 250 vehicles. Both buildings will be outfitted with LED lighting with motion sensors and ESFR sprinkler systems. JLL has been tapped as the leasing agent. Completion is slated for early 2023.

April 20, 2022

Acquisitions Northeast Pennsylvania Retail

JLL Negotiates Sale of 361,095 SF Exeter Commons Shopping Center in Reading, Pennsylvania

by Taylor Williams April 20, 2022

READING, PA. — JLL has negotiated the sale of Exeter Commons, a 361,095-square-foot shopping center in the Eastern Pennsylvania city of Reading. Grocer Giant Food and Lowe’s Home Improvement anchor Exeter Crossing, which was built in 2009 and was 99.5 percent leased at the time of sale. Other tenants include Ross Dress for Less, PA Wine & Spirits, Five Below, Petco, Staples, Famous Footwear, America’s Best Contacts, Moe’s Southwest Grill, Red Robin, Supercuts and Mattress Firm. Christopher Munley, Jim Galbally and Colin Behr of JLL represented the undisclosed seller in the transaction. Wharton Realty Group purchased the center for an undisclosed price.

April 20, 2022

Newer Posts

Older Posts