Property Type

Áegis Living Opens 83-Unit Seniors Housing Community in Seattle

by Amy Works August 30, 2018

SEATTLE — Áegis Living has opened the doors on Áegis of West Seattle, an 83-unit assisted living and memory care community in Seattle. The project was designed to look like a Mediterranean resort. Áegis’ most recent communities are designed on such themes. Its community under construction on nearby Mercer Island is lodge-themed, and the company recently opened an Italian-themed community in Seattle. Áegis Living is a Bellevue-based developer and operator with 31 seniors housing communities in Washington, California and Nevada.

August 30, 2018

Acquisitions California Industrial Western

Levin Johnston Negotiates $3.4M Sale of Warehouse in San Jose

by Amy Works August 30, 2018

SAN JOSE, CALIF. — Levin Johnston of Marcus & Millichap has arranged the sale of a vacant industrial/flex warehouse located at 524 E. Brokhaw Road in San Jose. A private local investor sold the property to an undisclosed buyer for $3.4 million. Adam Levin of Levin Johnston represented the seller in the transaction. Situated on 0.73 acres, the 10,000-square-foot facility features 800 ampere, 120-240-volt heavy power, on-site parking and a fenced yard.

August 30, 2018

Acquisitions Massachusetts Northeast Office

NKF Capital Markets Brokers $86M Sale of Office Complex Near Boston

by David Cohen August 30, 2018

WALTHAM, MASS. — NKF Capital Markets has brokered the $86 million sale of CenterPoint, a 440,000-square-foot office complex in Waltham. The property comprises two buildings, 41 Seyon St. and 43 Foundry Ave. Edward Maher, Matthew Pullen and Robert Griffin of NKF Capital Markets represented the seller, Rubenstein Partners, in the transaction. The buyer was Hilco Real Estate. Anchor tenants at the property include Repligen, EDC (Education Development Center) and Simpson Gumpertz & Heger.

August 30, 2018

Loans Multifamily New York Northeast

Greystone Provides $20.7M Refinancing for Multifamily Property in Brockport, New York

by David Cohen August 30, 2018

BROCKPORT, N.Y. — Greystone has provided a $20.6 million Fannie Mae DUS loan for the refinancing of Autumn Woods Community in Brockport. Located on more than 25 acres, Autumn Woods is a recently constructed multifamily property comprising 296 units. Brockport is approximately 19 miles west of Rochester. Brian Liske of Greystone arranged the 10-year, fixed-rate refinancing on behalf of borrower, Carl Grasta of Outlook Development LLC. The refinancing replaces an existing construction loan from Genesee Regional Bank.

August 30, 2018

Development Industrial New York Northeast

UOVO to Open 150,000 SF Art Storage Facility in Brooklyn

by David Cohen August 30, 2018

NEW YORK CITY — New York-based art, fashion and collections storage company UOVO is set to open a 150,000-square-foot art storage facility in the Bushwick neighborhood of Brooklyn. Scheduled to open in fall 2019, the property will offer specialized climate-controlled storage designed to the standards of the world’s leading museums. The facility will be the largest of its kind in Brooklyn. UOVO: Brooklyn will be three stories tall and built entirely of reinforced concrete. The facility will also include four loading docks and two freight elevators.

August 30, 2018

Acquisitions Multifamily Northeast Pennsylvania

Marcus & Millichap Negotiates $5.6M Sale of Multifamily Portfolio in Philadelphia

by David Cohen August 30, 2018

PHILADELPHIA, PA. — Marcus & Millichap has negotiated the sale of a five-building, 31-unit, multifamily portfolio in Philadelphia. The asset sold for $5.6 million or $182,258 per unit. Dana Newton and Mike Maxwell of Marcus & Millichap represented both the undisclosed seller and the buyer, a New York-based firm, in the transaction. The portfolio consists of 2105-2107 Green St., 2034 and 2036 Mt. Vernon St., 321 South 12th St., and five scattered condominiums.

August 30, 2018

Acquisitions Industrial Self-Storage Texas

Merit Hill Capital Acquires Two Self-Storage Facilities Totaling 1,088 Units in Houston

by Taylor Williams August 30, 2018

HOUSTON — New York-based investment firm Merit Hill Capital has acquired StorIt! Seven Meadows and StorIt! Woodcreek, two self-storage facilities totaling 1,088 units in Houston. The Seven Meadows property totals 75,741 square feet and 525 units, while the Woodcreek property totals 68,965 square feet and 563 units. Both facilities offer climate- and non-climate-controlled space. The seller was The Jenkins Organization, which has owned Woodcreek since 2013 and Seven Meadows since 2011.

August 30, 2018

Development Office Texas

Lynd Breaks Ground on 35,000 SF Headquarters Building in San Antonio

by Taylor Williams August 30, 2018

SAN ANTONIO — Locally based multifamily management and development firm Lynd has broken ground on its new, 35,000-square-foot corporate headquarters in San Antonio. The company previously occupied 20,000 square feet at the Forum Building on the city’s north side. The new building will feature a 1,200-square-foot military museum on the ground floor. The Bank of San Antonio provided financing for the project. Lynd expects to move in next summer.

August 30, 2018

Acquisitions Mixed-Use Northeast Rhode Island

Sweeney Real Estate Arranges Sale of Mixed-Use Development Site in Pawtucket

by David Cohen August 30, 2018

PAWTUCKET, R.I. — Sweeney Real Estate & Appraisal has arranged the $925,000 sale of a mixed-use development site in Pawtucket. Thomas Sweeney of Sweeney Real Estate represented the seller, Ten Mile Associates LLC, in the transaction. The buyer was Churchill & Banks Cos. Located at 1110 Central Ave., the property is currently an 83,000-square-foot industrial facility with three buildings.

August 30, 2018

Acquisitions Hospitality Texas

Marcus & Millichap Brokers Sale of Two Hotels Totaling 144 Rooms in Texas

by Taylor Williams August 30, 2018

GREENVILLE AND SULPHUR SPRINGS, TEXAS — Marcus & Millichap has brokered the sale of two Texas hotels totaling 144 rooms. The acquisition includes Best Western Plus Monica Royale Inn & Suites in Greenville, a 79-room hotel located about 60 miles northeast of Dallas, and La Quinta Inn & Suites-Sulphur Springs, a 65-room hotel located about 80 miles northeast of Dallas. Chris Gomes, Joseph Jaques and Allan Miller of Marcus & Millichap marketed the properties on behalf of the sellers, both private investors.

August 30, 2018

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