Property Type

Karr Self-Storage Arranges Sale of 297-Unit Facility in South Dallas

by Taylor Williams May 15, 2018

DALLAS — Karr Self-Storage, a division of Marcus & Millichap, has arranged the sale of Oak Cliff Bargain Storage, a 297-unit facility in South Dallas. The property was built in 1973 and underwent renovations in 2015. Features include an on-site manager’s residence, modern office and showroom, perimeter fencing, gated entry and 16 surveillance cameras. Brandon Karr and Danny Cunningham of Karr Self-Storage represented the seller, a national operator headquartered in the Pacific Northwest. The duo also procured the buyer, a private investor.

May 15, 2018

Acquisitions Industrial Lee & Associates Texas

Lee & Associates Negotiates Sale of 113,000 SF Industrial Property in Houston

by Taylor Williams May 15, 2018

HOUSTON — Lee & Associates has negotiated the sale of a 113,000-square-foot industrial property located at 13827 W. Hardy Road on Houston’s north side. The two-building, crane-served property was built in 1981 and includes roughly 5,700 square feet of office space between the two buildings. Mike Spears and Robert McGee of Lee & Associates represented the undisclosed seller in the transaction. Clay Pritchett of NAI Partners represented the buyer, Houston-based Quasar GP LLC.

May 15, 2018

Acquisitions Industrial Texas

NAI Partners Closes Sale of 89,914 SF Manufacturing Facility in Houston

by Taylor Williams May 15, 2018

HOUSTON — NAI Partners has closed the sale of an 89,914-square-foot manufacturing facility located at 6100 Cunningham Road in northwest Houston. An affiliate of United Equities Inc., a Bellaire, Texas-based real estate development and management firm, purchased the facility for an undisclosed price. The buyer will lease the space back to the seller, engineering firm KMEC. Travis Land and Michael Keegan of NAI Partners brokered the deal.

May 15, 2018

Acquisitions Idaho Multifamily Student Housing Western

Marcus & Millichap Negotiates Sale of 1,546-Bed Student Housing Portfolio in Idaho

by Amy Works May 15, 2018

REXBURG, IDAHO — Marcus & Millichap has arranged the sale of an eight-property student housing portfolio located in Rexburg. A Seattle-based firm sold the 1,546-bed portfolio to a Utah-based company for an undisclosed price. The portfolio includes the 288-bed Somerset; the 252-unit Alpine Chalet; the 146-bed Brookside Village; the 238-unit Rockland; the 120-bed Autumn Winds; the 72-bed Georgetown; the 24-bed Birchwood; and the 406-bed Birch Plaza. Although the affiliated school was not named, the small city of Rexburg is home to Brigham Young University Idaho. Danny Shin and Brock Zylstra of Marcus & Millichap represented the seller and procured the buyer in the deal.

May 15, 2018

Affordable Housing California Loans Louisiana Multifamily North Carolina Western

Arbor Realty Funds $19.7M in Financing for Affordable Housing Properties Across the United States

by Amy Works May 15, 2018

STOCKTON, SONORA AND JAMESTOWN, CALIF., HICKORY, N.C., AND SHREVEPORT, LA. — Uniondale, N.Y.-based Arbor Realty Trust has funded five loans totaling $19.7 million under the Fannie Mae DUS Multifamily Affordable Housing product line for properties across the United States. The borrower was Apartment Corp., a privately held real estate investment firm with a portfolio exceeding 20,000 units. Apartment Corp. is using the loans for both refinancing and acquisition purposes. Alexander Kaushansky of Arbor Realty Trust arranged the financing. The transactions involved are: $3 million in refinancing for Pacific Pointe, an 80-unit Low-Income Housing Tax Credit (LIHTC) property in Stockton. $3.7 million in refinancing for Granite Ridge, an 80-unit LIHTC property in Stockton. $3.7 million in acquisition financing for Silver Spring Terrace, a 100-unit LIHTC property in Hickory. $2.7 million in acquisition funding for Yorkshire & Windsor Village, a 132-unit LIHTC property in Shreveport. $6.7 million in refinancing for the Sonora Portfolio, a three-property, 220-unit LIHTC portfolio in Sonora and Jamestown.

May 15, 2018

Acquisitions Colorado Retail Western

NKF Brokers $1.7M Acquisition of Retail Building in Centennial, Colorado

by Amy Works May 15, 2018

CENTENNIAL, COLO. — Newmark Knight Frank has arranged the sale of a retail building located at 10472 E. Easter Ave. in Centennial. New Horizon Real Estate Development – Colorado purchased the property from BMJ & Associates for $1.7 million. The building features 11,000 square feet of retail space. Michael Lindermann and Carolyn Martinez of NKF represented the buyer in the deal. Fidelity National Title Co., Key Real Estate Group and CBRE also participated in the transaction.

May 15, 2018

Acquisitions Arizona Retail Western

Silver Group Arranges Sale of Car Parts Shop in Chandler, Arizona

by Amy Works May 15, 2018

CHANDLER, ARIZ. — The Silver Group has brokered the sale of a single-tenant retail property located at 4314 E. Chandler Blvd. in Chandler. A local buyer acquired the property from a West Coast-based seller for an undisclosed price. The property consists of a freestanding, 6,500-square-foot building, which O’Reilly Auto Parts occupies. CSK Auto developed and occupied the property, which the undisclosed seller acquired in 2000. O’Reilly Auto later acquired CSK, forming the nation’s third largest auto parts retailer operating 5,000 locations in 47 states. The Silver Group represented the buyer and seller in the deal.

May 15, 2018

Acquisitions Illinois Industrial Midwest

Colliers Brokers Sale of 666,079 SF Industrial Portfolio in Metro Chicago

by Kristin Harlow May 15, 2018

CHICAGO — Colliers International has brokered the sale of a five-building, 666,079-square-foot industrial portfolio in metro Chicago for an undisclosed price. The properties include: 550 and 600 North Commons in Aurora; 710-854 Foster Ave. in Bensenville; 1400-1538 Elmhurst Road in Elk Grove Village; 3456 Ridge Ave. in Arlington Heights; and 8220 Austin Ave. in Morton Grove. At the time of sale, the buildings were 85 percent leased to a roster of 77 tenants including Advocate Health, Amazon and Crawford Murphy & Tilly. Patrick Turner, Tom Rodeno and Matthew Stauber of Colliers represented the buyer, Clear Height Properties. American Landmark Properties was the seller.

May 15, 2018

Acquisitions Illinois Indiana Midwest Multifamily Wisconsin

Berkadia Arranges $41.5M Sale of 545-Unit Multifamily Portfolio in Midwest

by Kristin Harlow May 15, 2018

ILLINOIS, INDIANA AND WISCONSIN — Berkadia has arranged the $41.5 million sale of the Tristate Portfolio, a 545-unit multifamily portfolio located in Illinois, Indiana and Wisconsin. The properties include: the 184-unit Garden Quarter in Elgin, Ill.; the 123-unit Glacier Hills in Madison, Wis.; the 138-unit Arbor Crossing in Valparaiso, Ind.; and the 100-unit Barrington Bridge in Chesterton, Ind. Glacier Hills was constructed in 1989, while the other properties were built in the 1970s. Alex Blagojevich, Ralph DePasquale, Chris Bruzas and Parker Stewart of Berkadia represented the undisclosed seller. Two separate buyers purchased the portfolio.

May 15, 2018

Loans Michigan Midwest Multifamily

Greystone Provides $36.3M HUD Loan for Refinancing of Apartment Property in Troy, Michigan

by Kristin Harlow May 15, 2018

TROY, MICH. — Greystone has provided a $36.3 million HUD loan for the refinancing of Gables of Troy, a 544-unit apartment property in Troy. The property features amenities such as a pool, hot tub, tennis court, fitness center and covered parking. Cary Belovicz and Steve Van Riper of Greystone Bel Real Estate Advisors and John Marr of Greystone originated the loan on behalf of Kaftan Communities. The loan, fully amortized over 35 years, is part of HUD’s green program.

May 15, 2018

Newer Posts

Older Posts