Property Type

Brixton Capital Acquires 300-Unit Royalton at Sunfield Apartments in Buda, Texas

by Taylor Williams June 2, 2022

BUDA, TEXAS — Southern California-based investment firm Brixton Capital has acquired Royalton at Sunfield, a 300-unit apartment community located in the southern Austin suburb of Buda. Built in 2021, the garden-style property comprises 14 three-story buildings. Amenities include a pool, dog park, office space, community kitchen, entertainment pavilion, tenant lounge and fitness center. Will Balthrope, Jordan Featherston, Kent Myers and Taylor Hill of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, Dallas-based developer SWBC, in the transaction. Brixton Capital, which plans to implement minor upgrades to unit interiors, was self-represented.

June 2, 2022

Acquisitions Arizona Retail Western

Orion Investment Real Estate Brokers $1M Sale of Auto Repair Shop in Mesa, Arizona

by Amy Works June 2, 2022

MESA, ARIZ. — Orion Investment Real Estate has arranged the sale of an auto repair shop property located at 8027 E. Main St. in Mesa. Faith Works Auto acquired the property for $1 million, or $194 per square foot. The buyer plans to expand its business to the new location, resulting in three locations in the East Valley. Nick Miner of Orion represented the buyer, while Aleta Ruark of Russ Lyons Realty represented the seller, Billy G Revocable Trust, in the deal.

June 2, 2022

Leasing Activity Office Texas

Ascent Solutions Signs 33,000 SF Office Lease at Cypress Waters in Coppell, Texas

by Taylor Williams June 2, 2022

COPPELL, TEXAS — Cybersecurity firm Ascent Solutions has signed a 33,000-square-foot office lease at Cypress Waters, a 1,000-acre master-planned community located in the central metroplex city of Coppell. The lease spans the entire seventh floor of the building at 2999 Olympus Blvd. Cribb Altman of JLL and Shannon Reilly of Reilly Commercial represented the tenant, which plans to move in early next year, in the lease negotiations. Billingsley Co. owns Cypress Waters.

June 2, 2022

Acquisitions District of Columbia Office Southeast

JBG Smith Sells 269,000 SF Office Building in Washington, D.C. to Commerz Real AG

by Amy Works June 2, 2022

WASHINGTON, D.C. — JBG Smith has completed the disposition of an office property located at 1900 N St. in Washington, D.C. German-based Commerz Real AG purchased the 269,000-square-foot asset for an undisclosed price. Designed by KPF architects, 1900 N features a triple-height lobby, superior window line and world-class amenity space. At the time of sale, the property was 82 percent leased to a mix of tenants, including Goodwin Proctor and Beverage & Diamond law firms, as well as CBRE’s Washington, D.C., office. Tommy Cleaver, Stuart Kenny and Dan Grimes of CBRE represented the seller in the transaction.

June 2, 2022

Acquisitions Georgia Retail Southeast

Matthews Real Estate Negotiates $20.5M Sale of Village Plaza in Augusta, Georgia

by Amy Works June 2, 2022

AUGUSTA, GA. — Matthews Real Estate Investment Services has facilitated the sale of Village Plaza, a shopping center in Augusta. The property traded for $20.5 million. The names of the seller and buyer were not released. Located at 270 Bobby Jones Expressway, Village Plaza features 208,269 square feet of retail space. Current tenants include Gold’s Gym, GNC, Bealls Outlet and Tractor Supply Co. The property is shadow anchored by Walmart. Johnny Blue Craig of Matthews Real Estate Investment Services represented the seller in the deal.

June 2, 2022

Acquisitions Florida Retail Southeast

Plaza Advisors Brokers Sale of 139,478 SF Murdock Carrousel Shopping Center in Port Charlotte, Florida

by Amy Works June 2, 2022

PORT CHARLOTTE, FLA. — Plaza Advisors has arranged the sale of Murdock Carrousel Shopping Center, a retail property situated on US 41 in Port Charlotte. AGRE Murdock Owner LLC sold the asset to Murdock Owner LLC for an undisclosed price. Havertys, Office Depot, Five Guys, Aaron’s, Leslie’s Swimming Pool Supplies, Subway, Comcast Xfinity and HearUSA are tenants at the 139,478-square-foot property. At the time of sale, the shopping center was 83.4 percent occupied. Plaza Advisors represented the seller in the deal.

June 2, 2022

Loans Multifamily Texas

Terrydale Capital Arranges $2.9M Refinancing for Multifamily Property in Dallas

by Taylor Williams June 2, 2022

DALLAS — Locally based financial advisory firm Terrydale Capital has arranged a $2.9 million loan for the refinancing of an undisclosed multifamily property located in the Dallas Central Business District. Brian Gramlich of Terrydale Capital arranged the loan through an agency lender on behalf of the undisclosed borrower. The loan carries an interest rate that is fixed at 3.16 percent for a five years, followed by 15 years of floating-rate financing with one year of interest-only payments.

June 2, 2022

Acquisitions Office Southeast Virginia

ABMAR Villa Park Acquires Lab, Warehouse Complex in Henrico County, Virginia for $12.4M

by Amy Works June 2, 2022

HENRICO COUNTY, VA. — AMBAR Villa Park LLC has purchased Villa Park I, a flex lab/industrial complex located in Henrico County, from an undisclosed seller for $12.4 million. Located at 8040 Villa Park Drive, the 74,862-square-foot property offers significant warehouse and lab buildouts. At the time of sale, Villa Park I was 94 percent occupied by three tenants, including LabCorp and Technology Integration Group. LabCorp’s space is the company’s regional medical lab testing hub for Central Virginia, and Technology Integration Group leases 45 percent of the property. Eric Robison and Bo McKown of Cushman & Wakefield|Thalhimer’s capital markets group, along with Graham Stoneburner of Thalhimer, negotiated the transaction.

June 2, 2022

Acquisitions Affordable Housing Florida Multifamily Southeast

Greysteel Arranges Sale of 144-Unit Parkside Gardens Affordable Housing Property in Ocala, Florida

by Amy Works June 2, 2022

OCALA, FLA. — Greysteel has brokered the sale of Parkside Gardens, a Section 8 affordable multifamily community in Ocala. An affiliate of Boston-based JE Properties acquired the asset from Christiansburg, Va.-based Community Housing Partners for an undisclosed price. Built in 1970, Parkside Gardens features 144 apartments. The buyer plans to rehabilitate the property to improve the physical asset and the quality of life for residents. Fletcher Hultman of Greysteel represented the seller and procured the buyer in the transaction.

June 2, 2022

Acquisitions Multifamily Northeast Pennsylvania Student Housing

Rittenhouse Realty Brokers $23.5M Sale of Student Housing Community in Philadelphia

by Taylor Williams June 2, 2022

PHILADELPHIA — Rittenhouse Realty Advisors, a member of GREA, has brokered the $23.5 million sale of Diamond Green, a 350-bed student housing community located near Temple University in Philadelphia. Orens Brothers Real Estate developed the 92-unit property using modular construction. The community features six retail spaces on the ground floor and a 28-stall parking garage. Apex Student Living, a joint venture between Alexandra Capital and Axela Group, acquired the property.

June 2, 2022

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