MESA, ARIZ. — MIG Real Estate has acquired the 209-unit Trails at Harris Apartments in Mesa for $22.1 million. The community is located at 1653 S. Harris Drive. Trails at Harris Apartments was built on nearly 10 acres in 1983. All units include all-electric kitchens, walk-in closets, standing showers and linen closets. Outdoor balconies or patios and stackable washer and dryers are available in select units. The apartments are a value-add opportunity for MIG. Interior renovations will include updated countertops, a stainless-steel appliance package, new cabinetry, synthetic plank flooring, and updated light and plumbing fixtures in all units. The leasing, fitness and pool areas will undergo renovations to freshen the space and enhance use. Mark Forrester, Ric Holway, Dan Cheyne and Jackson Cloak of Berkadia represented the seller.
OCEANSIDE, CALIF. — Lee & Associates – North San Diego County has arranged the sale of an industrial building located within Rancho Del Oro Technology Park at 4039 Calle Platino in Oceanside. Rexford Industrial Realty acquired the property from San Diego-based 6th & K Ltd for $20 million. The building features 143,274 square feet of industrial space. Tim Moore of Lee & Associates represented the seller, while Adam Molnar and Greg Lewis of CBRE represented the buyer in the transaction.
SAN ANTONIO — Weingarten Realty, a Houston-based REIT, has begun work on the 25-acre retail portion of Stevens Ranch, a 2,400-acre master-planned community in San Antonio. The site will consist of a 20,000-square-foot retail shell, which broke ground in February, as well as five one-acre pad sites and one 18.3-acre pad site. Deliver is slated for the fall. Tenants that have preleased space at the property include Supercuts, Quarry Nails and Smilepoint Dental Group. Fulcrum Construction is serving as general contractor for the project, which is being designed by Lune Middleman Architects.
SEATTLE — ACME Realty has purchased Remi Apartments, a multifamily community located at 2727 Eastlake Ave. East in Seattle’s Eastlake neighborhood. An undisclosed company sold the property for $17.7 million, or $480,000 per unit. Built in 1996, the property features 34 apartments and three ground-floor commercial spaces. The property features a mix of one- and two-bedroom units with private decks or patios, as well as a rooftop deck. At the time of sale, the property was 97 percent occupied and the commercial spaces were fully leased. Mark Zoffel and Kyle Yamamoto of CBRE represented the seller in the transaction.
KIRKLAND, WASH. — Colliers International has arranged the sale of Building A of Kirkland 405 Corporate Center in Kirkland. KOF Enterprises acquired the property, located at 11411 NE 124th St., from Claddagh Ventures for $14.8 million. At the time of sale, the property was 97 percent leased. Derek Heed and Gregg Riva of Colliers International, along with NAI Puget South Properties and NAI Hunnerman, represented the seller in the deal.
MAGNOLIA, TEXAS — The Jenkins Organization has opened Magnolia Parkway Storage, a 293-unit self-storage facility in Magnolia, a northwestern suburb of Houston. The property will feature climate- and non-climate-controlled units across 44,933 net rentable square feet and includes boat/RV storage space. The facility, which will be the company’s 23rd in the Houston area, also has the capacity to be expanded. The grand opening was Saturday, April 21.
HOUSTON — The Deal Co., a Houston-based development firm, will open Sabine Street Studios, a 48,000-square-foot creative office building in Houston. The building, which has 67 studio spaces available for lease to local artists and creative businesses, is situated within Sawyer Yards, a 55-acre mixed-use development in Houston’s historic First Ward. The grand opening is scheduled for Saturday, April 28.
HOUSTON — NAI Partners has arranged a 6,011-square-foot industrial lease at 495 W. 38th St. in Houston on behalf of Eagle Controls Inc., a Houston-based original equipment manufacturer (OEM). Jake Wilkinson of NAI Partners represented Eagle Controls in the lease negotiations. The name and representative of the landlord were not disclosed.
PRAIRIE DU SAC, WIS. — American Healthcare Investors and Griffin Capital Co. LLC, the co-sponsors of Griffin-American Healthcare REIT IV Inc., have acquired the Sauk Prairie medical office building in Prairie du Sac near Madison for $19.5 million. Built in 2014, the 55,000-square-foot building is currently fully leased to multiple healthcare service providers. Sauk Prairie Healthcare occupies 59 percent of the property, which is connected to the 36-bed Sauk Prairie Hospital. Chris Bodnar and Lee Asher of CBRE represented the seller, Sauk Prairie MOB LLC. As of this acquisition, the REIT has purchased a portfolio of 43 medical office buildings, seniors housing facilities and skilled nursing facilities for an aggregate contract purchase price of approximately $508 million.
ROMEOVILLE, ILL. — Principle Construction Corp. has broken ground on a 43,227-square-foot, speculative office development in Romeoville, about 30 miles southwest of Chicago. Known as the OWL 3 Spec Office, the property is located at 1250 Windham Parkway. The project, slated for completion this October, will be able to accommodate 10 tenants. This will be the first LEED-certified office building in Romeoville, according to Principle. The project is being developed in partnership with Lakeview Realty Investors LLC. SKJN Architeckten is providing architectural services.