Property Type

Berkadia Arranges $15.2M Acquisition Loan for Multifamily Property in Kansas City, Kansas

by Kristin Harlow June 30, 2017

KANSAS CITY, KAN. — Berkadia has arranged a $15.2 million loan for the acquisition of SouthRidge Apartments in Kansas City. The multifamily property is located at 1100 County Line Road and includes a mix of one-, two- and three-bedroom units. Community amenities include a fitness center, two swimming pools, covered parking and gated access. The 10-year Fannie Mae loan features a 30-year amortization schedule. John Schorgl of Berkadia arranged the loan. Kansas City-based Worcester Investments was the borrower.

June 30, 2017

Industrial Midwest Nebraska

Hy-Vee Inc. Signs 115,560 SF Industrial Lease in Omaha, Nebraska

by Kristin Harlow June 30, 2017

OMAHA, NEB. — Hy-Vee Inc. has signed a 115,560-square-foot industrial lease in Omaha. The 185,000-square-foot building, located at 11651 S. 154th St., is now fully leased. Other tenants include Blackhawk Industrial Distribution Inc. and Tire Operations LLC. Hy-Vee will use the space as a warehouse as well as a central kitchen to supply its fresh food items to surrounding stores. The company maintains over 240 stores throughout the Midwest. Michael W. Miller, Colm Breathnach and Andy Ash of Colliers International represented the Landlord, DAMMM1 LLC.

June 30, 2017

Loans Midwest Office Ohio

NorthMarq Arranges $10.2M Loan for Refinancing of Office Property in Hamilton, Ohio

by Kristin Harlow June 30, 2017

HAMILTON, OHIO — NorthMarq Capital has arranged a $10.2 million loan for the refinancing of Vora Technology Park in Hamilton, located in the Cincinnati metro area. The office property spans 365,000 square feet. Susan Branscome and Noah Juran of NorthMarq arranged the 10-year loan, which features a 20-year amortization schedule. First Financial Bank provided the loan. The undisclosed borrower purchased the property in 2005.

June 30, 2017

Midwest Minnesota Multifamily

CBRE Brokers $4.2M Sale of Multifamily Property in St. Paul, Minnesota

by Kristin Harlow June 30, 2017

ST. PAUL, MINN. — CBRE Multifamily has brokered the sale of Community Plaza in St. Paul for $4.2 million. The 30-unit rental townhome property is located at 709 Central Ave. near the Green Line light rail. The property features two- and three-bedroom townhome units with complete basements. Robert Lockman, Ted Abramson and Laura Hanneman of CBRE represented the seller, Community Plaza LP, an entity related to Sherman Associates. St. Paul-based CommonBond Communities was the buyer.

June 30, 2017

Midwest Ohio Retail

Cooper Commercial Negotiates $2.9M Sale of Jesse James Plaza in Toledo, Ohio

by Kristin Harlow June 30, 2017

TOLEDO, OHIO — The Cooper Commercial Investment Group has negotiated the sale of the Jesse James Plaza, a 35,850-square-foot retail center in Toledo, for $2.9 million. Examples of tenants include Safelite Autoglass, Wings & Grill and Reynolds Laundromat. The Kansas-based buyer purchased the property for 96 percent of the list price. Bob Havasi and Dan Cooper of Cooper Commercial represented the seller, a private investment group out of Ohio.

June 30, 2017

California Retail Western

Soma Capital Partners Acquires Blue Oaks Marketplace in Rocklin for $19.2M

by Nellie Day June 30, 2017

ROCKLIN, CALIF. — Soma Capital Partners, in partnership with Timbercreek Asset Management, has acquired Blue Oaks Marketplace in Rocklin for $19.2 million. The seller was Diamond Creek Properties. At the time of sale, the 100,000-square-foot property was 81 percent leased.

June 30, 2017

California Retail Western

Faris Lee Investments Brokers $2.9M Sale of Retail Property in Los Angeles

by Nellie Day June 30, 2017

LOS ANGELES — Faris Lee Investments has arranged the sale of a retail strip center located at 3921-3929 W. Olympic Blvd. in the Koreatown neighborhood of Los Angeles. A private Los Angeles-based investor acquired the property for $2.9 million. Built in 1920, the asset features 13,070 square feet of retail space. Tom Chichester, Joseph Chichester and Matt Brooks of Faris Lee Investments represented the buyer, while Rosano Parters represented the seller, a private Los Angeles-based family, in the deal.

June 30, 2017

California Retail Western

Marcus & Millichap Negotiates $2.3M Sale of 7,680 SF Retail Property in Ventura

by Nellie Day June 30, 2017

VENTURA, CALIF. — Marcus & Millichap has arranged the sale of College Square Strip Center, a retail property located at 134-156 N. Ashwood Ave. in Ventura. An undisclosed buyer acquired the 7,680-square-foot property for $2.3 million. Brandon Michaels of Marcus & Millichap represented the seller, a limited liability company, in the transaction.

June 30, 2017

California Restaurant Retail Western

NAI Capital Arranges $1.9M Acquisition of Restaurant Property in Woodland Hills

by Nellie Day June 30, 2017

WOODLAND HILLS, CALIF. — NAI Capital has arranged the acquisition of a restaurant property located at 19723 Ventura Blvd. in Woodland Hills. Canzonet Investments purchased the restaurant property from Green Springs Partners for $1.9 million, or $585 per square foot. Sushi Ichiban Kan leases the 3,567-square-foot property. Matt Ehrlich of NAI Capital represented the buyer in the transaction.

June 30, 2017

California Retail Western

Paragon Commercial Group Adds HomeGoods, ALDI to Escondido Valley Center

by Nellie Day June 30, 2017

ESCONDIDO, CALIF. — Paragon Commercial Group has closed two long-term leases with HomeGoods and ALDI at Escondido Valley Center at the corner of West Valley and Auto parkways in Escondido. The retailers are backfilling the former Sports Authority space at the 127,436-square-foot shopping center. HomeGoods will occupy 24,261 square feet and ALDI will occupy 21,869 square feet. Bruce Schiff and Phil Lyons of Cushman & Wakefield represented the landlord in both transactions.

June 30, 2017

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