CONCORD, N.H. — National brokerage firm CrownPoint Partners has negotiated the $7.5 million sale of a 65,868-square-foot, single-tenant retail building in Concord. Grocer Shaw’s has occupied the building since its original construction on a 10.6-acre site in 2001. Julius Swolsky and Shannon Bona of CrownPoint, in association with ParaSell Inc., represented the seller, an affiliate of New Jersey-based investment firm ARCTRUST, in the transaction. Horvath & Tremblay represented the buyer, a Massachusetts-based private investor.
NORTH FAYETTE TOWNSHIP, PA. — Outrigger Industrial, in partnership with Midloch Investment Partners, has purchased a 99,500-square-foot building in North Fayette Township, located just west of Pittsburgh. The building at 1200 International Drive, which was constructed in 2023 and has 17 loading doors, was 60 percent leased to three tenants at the time of sale. The new ownership has tapped Cushman & Wakefield to lease the remaining space.
HEBER VALLEY, UTAH — Angstrom Development Group has announced plans for The Slope, a new mixed-use resort project in Heber Valley, roughly 50 miles southeast from Salt Lake City International Airport. Situated along the Provo River, the development will feature an 86-room resort and more than 100,000 square feet of retail space. The Slope will also include 200 hotel-branded residences, which will be available for purchase or for short-term rentals. Residences at the project will be fully furnished, with rentals operated by the hotel brand’s professional management program. In addition to two- and three-bedroom condos located within the hotel, residential units will include four-bedroom, multistory villas. The villas will feature expansive patios and rooftop decks with hot tubs and saunas. Waterways, bike paths and pedestrian alleys will connect the development, and the resort will offer access to skiing, mountain biking, hiking trails, golfing and boating. Austin, Texas-based Angstrom Development Group develops high-end residential, mixed-use and resort projects across premier markets. — Hayden Spiess
AUSTIN, TEXAS — Core Spaces has acquired Villas on 24th, a 670-bed student housing community located at 2313 Rio Grande St. in the West Campus neighborhood of Austin. The development opens this month and offers 199 units in studio through six-bedroom configurations with bed-to-bath parity for students attending the University of Texas at Austin. Shared amenities include a rooftop pool and hot tub with lounge seating and grills; a fitness center with an indoor basketball court; outdoor fitness spaces and saunas; and private meeting rooms and coworking spaces. Villas Student Housing developed the property. TSB Capital Advisors consulted on financing for the acquisition.
LEANDER, TEXAS — Berkadia has arranged the recapitalization of The Conley, a 259-unit apartment complex located in the northern Austin suburb of Leander. The recapitalization includes debt from LaSalle Investment Management and a preferred equity investment from an undisclosed, Los Angeles-based capital provider. Built in 2020, The Conley offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, resident lounge with a coffee bar, coworking space and a pet park. Scott Wadler, Matt Nihan, Mitch Sinberg, Brad Williamson and Matt Robbins of Berkadia handled the transaction on behalf of the owners, a joint venture between two Miami-based firms, Beacon Real Estate Group and Constellation Group.
NORTH LAS VEGAS, NEV. — NewPoint Real Estate Capital has provided a $73.4 million Freddie Mac loan to finance the purchase of a garden-style multifamily property in North Las Vegas. The five-year, fixed-rate loan includes full-term interest-only payments and a 35-year amortization schedule. John DeWitt of NewPoint originated the loan. The sponsor, a repeat Freddie Mac and NewPoint borrower, purchased the 498-unit asset and plans to implement an extensive improvement plan over the first four years of the loan. Built in two phases in 2007 and 2008, the property offers one-, two- and three-bedroom apartments with in-unit washers/dryers, stainless steel appliances, central air conditioning and private balconies for patios. Community amenities include two swimming pools, a clubhouse and fitness center, playgrounds, a pet area, business center, garage and both covered and open parking.
SEATTLE — The Simon | Anderson Multifamily Team at Kidder Mathews has arranged the $19 million sale of Cornelius Apartments, located at 306 Blanchard St. in Seattle’s Belltown neighborhood. Dylan Simon, Jerrid Anderson, Matt Laird and JD Fuller of Simon | Anderson Multifamily represented the undisclosed seller in the deal. The name of the buyer was not released. Built in 1925 as a hotel, the nine-story building features 137 apartments, averaging 455 square feet.
WINDSOR, COLO. — MAG Capital Partners has purchased an industrial complex at 9952 Eastman Park Drive in Windsor in a sale-leaseback with Kodak Moments, a business unit of Kodak Alaris Holdings Limited, for an undisclosed price. Kodak Moments will continue to occupy the 305,984-square-foot property, which has housed its operations since 1970. Mark West and Sam Koziol of JLL represented the seller in the sale-leaseback transaction. Terms of the sale were not released.
EVERETT, WASH. — Gantry has secured a $17.1 million permanent loan to refinance a maturing construction-to-permanent loan for a warehouse property located at 7301 Hardeson Road in Everett. FedEx fully occupies the 123,000-square-foot facility as a regional shipping center. FedEx took occupancy of the property, after construction in 2019, on a long-term lease. Tony Kaufmann and Joe Foley of Gantry secured the loan on behalf of the borrower, a private real estate investor. The 10-year, fixed-rate loan was secured from one of Gantry’s correspondent life company lenders with a partial interest-only period followed by 30-year amortization. Gantry will service the loan.
WINCHESTER, CALIF. — SRS Real Estate Partners has arranged the sale of a three-tenant retail building within French Valley Marketplace at 35974 Winchester Road in Winchester. A Southern California-based private developer sold the asset to a La Jolla, Calif.-based private investor for $5.9 million. The 7,226-square-foot property is occupied by Panera Bread and Toro Sushi on long-term absolute triple-net leases. The asset also has one available unit. Matthew Mousavi, Patrick Luther and Jack Cornell of SRS Capital Markets represented the seller in the transaction.