LEWISVILLE, TEXAS — An affiliate of private equity firm Livingston Street Capital has purchased a 180-unit active adult community located on the northern outskirts of Dallas. The property, which was built in 2002 and renovated in 2018, has been rebranded as Haven of Lewisville Lake. Units feature granite countertops, individual washers and dryers and stainless steel appliances, as well as outdoor patios and plank flooring in select units. Amenities include a resort-style pool, heated spa, poolside lounge, resident clubhouse, game room and a 24/7 fitness center. Residents also have access to an onsite salon, massage therapist and shuttle services. The seller was not disclosed.
DALLAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 117,047-square-foot industrial lease renewal at 3901 Pipestone Road in West Dallas. According to LoopNet Inc., the property sits on 7.6 acres and spans 176,274 square feet. John Gorman of Holt Lunsford represented the landlord, Prim Turnpike Portfolio LLC, in the lease negotiations. Art Leichner and Andrew Crites with Newmark represented the tenant, New Thermo-Serv Ltd.
BROOKSVILLE, FLA. — DSH Hotel Advisors has brokered the sale of a 57-room Microtel Inn & Suites by Wyndham hotel in Brooksville. Dennis Hopper of DSH represented the seller, an entity doing business as L&H LLC, and the buyer, Aarush Hospitality LLC. The sales price was not disclosed. The Microtel Inn & Suites by Wyndham is located at 6298 Nature Coast Blvd. near Interstate 75 and State Route 98. The hotel is located adjacent to Croom ATV Park, which has 2,600 acres of trails. According to its website, the hotel offers free breakfast and complimentary Wi-Fi, as well guest laundry services, an onsite gym and an outdoor pool. DSH Hotel Advisors is a Tampa-based hotel brokerage and advisory firm.
TAMARAC, FLA. — Marcus & Millichap has negotiated the $4.4 million sale of Towne Plaza, a 28,600-square-foot medical office property located at 7443-7495 N University Drive in Tamarac. Quinn Sousa and Ryan Shaw of Marcus & Millichap represented the seller, John Loeffler Trustee of Lillian Loeffler Trust, in the transaction. The buyer, a private doctor doing business in the sale as Evergreen 3 LLC, plans to occupy 10,000 square feet of the property and lease out the remaining space. Built in 1988, Towne Plaza has frontage on North University Drive and is accessible from the Florida Turnpike and Sawgrass Expressway. The multi-tenant medical office property is located next to the University Hospital and Medical Center. The property was 43 percent leased at the time of sale.
MAINE — Marcus & Millichap has negotiated the sale of the JMC Self-Storage Portfolio, which consists of four properties totaling 793 units in southern Maine. Three of the four properties in the portfolio, which spans 92,275 net rentable square feet, are located within 20 miles of Portland. Nathan Coe, Brett Hatcher and Gabriel Coe of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer and sales price were not disclosed. James Koury of Marcus & Millichap assisted in closing the deal as the broker of record.
BLOOMFIELD AND WINDSOR, CONN. — A joint venture between Vision Real Estate Partners and a fund managed by Miami-based Rialto Capital Management has purchased the Bloomfield Logistics Portfolio, a collection of 18 industrial buildings totaling 566,000 square feet in Bloomfield and Windsor, Connecticut. The seller was Sponzo Properties. Kevin Welsh, Brian Schulz, Jason Emrani, Maria Betancourt and Art Ross of Newmark brokered the deal. Ari Schwartzbard, Cliff Welden and Tom Lubeck of Newmark arranged acquisition financing through an undisclosed institutional lender on behalf of the buyer. The portfolio was 100 percent leased at the time of sale.
NEW YORK CITY — CIT Group Inc. has provided a $33.2 million acquisition loan for an eight-story medical office building located at 902 Quentin Road in Brooklyn. The property was built in 2013 and also features academic space. Tenants include NYU Langone Health and Touro College School of Health Sciences. Occupancy was 100 percent at the time of sale. The borrower was an affiliate of New York-based Seavest Healthcare Properties.
CAMBRIDGE, MASS. — A partnership between California-based Township Capital LLC and locally based developer Cabot, Cabot & Forbes (CC&F) has acquired a 66,964-square-foot industrial building in Cambridge. The property is situated in the Alewife area, adjacent to CC&F’s mixed-use campus that is in development and will include 575,000 square feet of lab space, 250 multifamily units and 6,000 square feet of retail space. The seller was not disclosed.
CINCINNATI — JLL Capital Markets has arranged a $65.5 million loan for the acquisition of the Bon Secours Mercy Health headquarters building located at 1701 Mercy Place in Cincinnati’s Bond Hill neighborhood. The Class A office building spans 368,500 square feet. Completed in 2016, the property is fully leased to Mercy Health with 14 years remaining on the lease term. The facility serves as the administrative and executive headquarters for Mercy Health, which is Ohio’s largest healthcare delivery system and fourth-largest employer. Amenities at the building include a fitness center, outdoor dining area, food market, walking trail, ergonomic workstations and treadmill desks. The five-story property also features parking for more than 1,400 vehicles. Keith Largay and Lucas Borges of JLL represented the borrowers, 90 North Real Estate Partners and Kuwait-based Rasameel Investment Co. PNC Bank provided the five-year loan, which features a fixed interest rate below 2.5 percent.
LAKE GEORGE, N.Y. — Boutique brokerage firm Muroff Hospitality Group has arranged the sale of Lake George Suites, a waterfront resort located in the Diamond Point area of Lake George in Upstate New York. The property includes a six-bedroom home, private beach, cottages, guestrooms, suites, pool and a marina with 20 docks and moorings. An entity doing business as Lake George Suites LLC sold the property to R.E. Hansen Industries Inc. for $3.2 million. Mitch Muroff of Muroff Hospitality Group represented both parties in the deal.