Property Type

Marcus & Millichap Negotiates $3.1M Sale of Building Net Leased to Preschool in Eden Prairie, Minnesota

by Kristin Harlow July 6, 2018

EDEN PRAIRIE, MINN. — Marcus & Millichap has arranged the $3.1 million sale of a 10,816-square-foot building net leased to Prestige Preschool Academy in Eden Prairie, approximately 18 miles southwest of Minneapolis. The preschool, located on Mitchell Road, was constructed as a build-to-suit for Prestige this spring. Adam Prins, Matthew Hazelton, Sean Doyle and Cory Villaume of Marcus & Millichap marketed the property on behalf of the undisclosed seller. The team also procured the buyer. The asset traded as part of a 1031 exchange.

July 6, 2018

Development Illinois Midwest Multifamily

Kiser Brokers $1.6M Sale of Multifamily Development Site in Chicago

by Kristin Harlow July 6, 2018

CHICAGO — Kiser Group has brokered the sale of a .37-acre development site in Chicago’s Albany Park for $1.6 million. The buyer, Evergreen Real Estate Group, plans to develop 48 affordable housing units on the site, which is located at 3441 W. Montrose Ave. The seller was not disclosed. Michael D’Agostino and Jake Parker of Kiser brokered the transaction.

July 6, 2018

Acquisitions New Jersey Northeast Office

BHN Associates Acquires Office Park in Bergen County, New Jersey for $10.8M

by David Cohen July 6, 2018

RAMSEY, N.J. — BHN Associates has acquired the Office Court of Ramsey, a 78,000-square-foot office park located at 500 Lake St. in Ramsey for $10.8 million. Ramsey is located approximately 28 miles north of Newark. The 8.5-acre property includes 11 buildings and is currently 95 percent leased to 100 tenants. Cushman & Wakefield represented the seller, a private ownership entity, in the transaction.

July 6, 2018

Industrial Leasing Activity New York Northeast

Milvado Property Group Signs JB Prince to 21,000 SF Industrial Lease on Long Island

by David Cohen July 6, 2018

PLAINVIEW, N.Y. — Milvado Property Group has signed culinary equipment supplier JB Prince to a 21,000-square-foot industrial lease at 79 Express Street in Plainview. The length of the lease was not disclosed. 79 Express Street is a 72,000-square-foot industrial manufacturing building located 33 miles east of Manhattan. JLL represented JB Prince in the transaction. Milvado was represented in-house by Regional Property Director David Hercman.

July 6, 2018

Acquisitions Industrial Midwest Wisconsin

Barry Co. Arranges Sale of 11,800 SF Industrial Building in Franksville, Wisconsin

by Kristin Harlow July 6, 2018

FRANKSVILLE, WIS. — The Barry Company has arranged the sale of an 11,800-square-foot industrial building in Franksville, about 20 miles south of Milwaukee, for an undisclosed price. Former occupant Custom Painted Vehicles sold the property and has moved to a larger, neighboring facility. David Barry of The Barry Company represented the seller in the transaction. Gurtz Electric Co. purchased the building. The property is located near the Foxconn development area in the I-94 corridor. Foxconn, an electronics manufacturer, is expected to hire 13,000 workers for its Wisconsin facility, which is currently under construction.

July 6, 2018

Acquisitions New Jersey Northeast Office

Houlihan-Parnes Arranges Sale of 400,000 SF Business Park in Northern New Jersey

by David Cohen July 6, 2018

MAHWAH, N.J. — Houlihan-Parnes Realtors has arranged the sale of the Mawah Business Park in Mahwah. The property consists of nearly 400,000 square feet of office and warehouse space. Robert V. Tiburzi, Jr. of Houlihan-Parnes represented the seller, a closely held investment group, in the transaction. A Rockland County, N.Y.-based real estate investment company purchased the property for an undisclosed amount. Attorney Doran Golubtchik of Goldberg Weprin Finkel Goldstein LLP provided legal counsel to the seller.

July 6, 2018

Acquisitions Multifamily New Jersey Northeast Seniors Housing

Capitol Seniors Housing Buys 85-Unit Active Adult Community in New Jersey

by David Cohen July 6, 2018

CINNAMINSON TOWNSHIP, N.J. — Capitol Seniors Housing has acquired Siena, an upscale active adult community in Cinnaminson Township, located across the Delaware River from Philadelphia. The price was not disclosed. Capitol plans to continue an existing master plan for the community, which includes the construction of a new clubhouse and seven residential buildings offering a total of 119 new units. The project will more than double the existing 85 units. The community sits on a 15-acre plot across the street from a large retail development. Residents must be age 55 or older to live at Siena. The expansion project is scheduled to begin this summer. The clubhouse will open in early 2019, followed by the residential buildings in mid-2019. Cove Property Management will operate the community. This is Capitol’s fourth seniors housing property in New Jersey, with three more currently under construction.

July 6, 2018

Development Industrial North Carolina Self-Storage South Carolina Southeast

Go Store It Breaks Ground on Two Self-Storage Facilities in Carolinas

by Camren Skelton July 6, 2018

ASHEVILLE, N.C. AND MT. PLEASANT, S.C. — Go Store It has broken ground on two new self-storage developments in Asheville and Mt. Pleasant. The Charlotte, N.C-based company specializes in the acquisition, development and management of self-storage assets throughout the country. The project in Asheville will feature more than 600 units and will be fully climate controlled. The development is located in the Woodfin submarket, just north of the city’s downtown. Go Store It owns three existing facilities in Asheville and is underway on another along Hendersonville Road. The self-storage facility in Mt. Pleasant is Go Store It’s third facility in the city and its fifth in the greater Charleston market. Located at the corner of Gregorie Ferry Road and Highway 17 North, the three-story building will be fully climate controlled and will feature more than 400 units. Go Store It’s other Charleston locations include a recently opened facility at Long Point Road, as well as facilities under construction at Johnnie Dodds, Folly Road, Maybank Highway and downtown Charleston. A construction timeline for the new facilities was not disclosed. Go Store It plans to break ground on five more developments this year in Charlotte, Cary, Louisville, Ky., and Fredericksburg, Va.

July 6, 2018

Acquisitions Industrial Maryland Southeast

Goldstar Group Acquires Fully Leased Industrial Warehouse in Baltimore for $7.6M

by Camren Skelton July 6, 2018

BALTIMORE — The Goldstar Group has acquired an 86,236-square-foot warehouse building located at 1821 Portal St. in Baltimore for $7.6 million. Jonathan Beard and Justin Mohler of CBRE arranged the transaction on behalf of the undisclosed seller. The facility is situated adjacent to the Dundalk and SeaGirt Marine Terminals and the Intermodal Container Transfer Facility at the Port of Baltimore. The building is fully leased to two tenants — Johns Hopkins Bayview Medical Center and Bacchus Imports, an importer of fine wines and spirits.

July 6, 2018

Acquisitions North Carolina Office Southeast

Coldwell Banker Brokers $7.4M Sale of Two Adjacent Office Buildings in Wilmington, N.C.

by Camren Skelton July 6, 2018

WILMINGTON, N.C. — Coldwell Banker Commercial Sun Coast Partners, a division of Coldwell Banker Commercial, has brokered the $7.4 million sale of two adjacent office buildings in Wilmington. MegaCorp Logistics, a Wilmington-based freight and logistics firm, acquired the assets from First Capital Group. Cody Cress and Tyler Pegg of The Cress Group, a division of Coldwell Banker Commercial Sun Coast Partners arranged the transaction on behalf of First Capital Group, and Spruill Thompson of Cape Fear Commercial represented MegaCorp Logistics. The two-story buildings, located at 1011 and 1013 Ashes Drive, total 30,595 square feet and 16,800 square feet, respectively.

July 6, 2018

Newer Posts

Older Posts