Property Type

IPA Brokers Sale of Newly Built Apartment Community in Austin

by Taylor Williams December 19, 2017

AUSTIN, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Southpark Crossing, a 308-unit multifamily community in Austin. Built in 2017, the property is located near the Southpark Meadows shopping and entertainment center and offers amenities such as a 24-hour fitness center, movie theater and a resort-style pool. Will Balthrope, Drew Kile and Jordan Featherston of IPA represented the seller and procured the buyer, both of whom requested anonymity.

December 19, 2017

Black Creek Capital Sells 49,561 SF Shopping Center in Cohasset, Massachusetts, to Crosspoint Associates

by Amy Works December 19, 2017

COHASSET, MASS. — Black Creek Capital has completed the disposition of Cohasset Village Plaza, a convenience-oriented shopping center located in Cohasset. Crosspoint Associates acquired the 49,561-square-foot property for an undisclosed price. Situated along Route 3A, the property is co-tenanted by CVS/pharmacy, Curtis Liquors and Starbucks Coffee. Geoffrey Millerd, Justin Smith and Christian Brannelly of NKF Capital Markets’ Boston office represented the seller in the transaction.

December 19, 2017

Office Texas

HFF Negotiates Sale of 40,798 SF Office Building in Northwest Austin

by Taylor Williams December 19, 2017

AUSTIN, TEXAS — HFF has negotiated the sale of 5508 Parkcrest, a 40,798-square-foot office building located in northwest Austin. The Class B property was 92 percent occupied at the time of sale. HFF represented the seller, a family trust, in the transaction. An affiliate of Austin-based F&B Capital purchased the asset for an undisclosed price.

December 19, 2017

Connecticut Multifamily Northeast

IPA Facilitates Sale of 160-Unit Multifamily Property in New Haven, Connecticut

by Amy Works December 19, 2017

NEW HAVEN, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of College and Crown, a multifamily asset located at 200 College St. in New Haven. Centurion Overseas Ltd. acquired the five-story property from College Square LLC for an undisclosed price. Built in 2015, the property features 160 apartments and 18,684 square feet of commercial space. Community amenities include a lounge, a study area, a fitness center and outdoor spaces with grilling stations and pet-friendly anti-microbial faux turf. Victor Nolletti and Eric Pentore of IPA represented the seller and procured the buyer in the deal.

December 19, 2017

Loans Multifamily New York Northeast Seniors Housing

Greystone Provides $16.5M HUD Refinancing for Skilled Nursing Facility in Western New York

by Amy Works December 19, 2017

DUNKIRK, N.Y. — Greystone has provided a $16.5 million HUD-insured permanent loan to refinance Chautauqua Nursing & Rehabilitation Center, a skilled nursing facility. Chautauqua Nursing & Rehabilitation Center is a 216-bed skilled nursing facility located in the Western New York city of Dunkirk on Lake Erie in close proximity to State University of New York at Fredonia. The facility provides a range of services including rehabilitation services such as physical, occupational, and speech therapy, as well as memory care, music therapy, palliative care, respite and hospice services. The long-term FHA financing represents a permanent exit from a bridge loan provided by Greystone in 2015 for VestraCare’s acquisition of the property. The loan carries a 33-year term and amortization at a fixed rate. Fred Levine, managing director in Greystone’s Monsey, N.Y., office, originated the transaction.

December 19, 2017

Office Texas

Coldwell Banker Arranges Sale of 36,879 SF Office Asset in Wichita Falls, Texas

by Taylor Williams December 19, 2017

WICHITA FALLS, TEXAS — Coldwell Banker Commercial Advisors (CBCA) has arranged the sale of a 36,879-square-foot office property located at 2236 Airport Drive in Wichita Falls, about 100 miles northwest of Fort Worth. The property, which was built in 1992 and is currently leased to USA 800, a Missouri-based call center provider. Gary Walker of CBCA represented the buyer, SkyWalker Property Partners, in the transaction. Sandalwood Pacific LP of Hawaii sold the net-leased asset for an undisclosed price.

December 19, 2017

Massachusetts Multifamily Northeast Seniors Housing

Blueprint Brokers Sale of 100-Unit Assisted Living Community in Massachusetts

by Amy Works December 19, 2017

BROCKTON, MASS. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Heights Crossing Assisted Living Residence, a 100-unit assisted living and memory care community located in the Boston suburb of Brockton. Kayne Anderson Real Estate Advisors acquired the property from a regional owner-operator with a strong presence in the Boston area. The price was not disclosed. Originally constructed in 1996, the community was 89 percent occupied at the time of sale. The building is situated near the Bay Pointe Rehabilitation and Nursing Center. Steve Thomes was Blueprint’s lead advisor on the transaction.

December 19, 2017

Multifamily Office Texas

WorkFlourish Opens 10,000 SF Workspace Within Houston Apartment Community

by Taylor Williams December 19, 2017

HOUSTON — WorkFlourish, a Houston-based company that cultivates workspaces within hospitality or residential settings, has opened a 10,000-square-foot co-working space within Ascension on the Bayou, a 280-unit apartment community located in the Westchase area of Houston. The property now features a workspace in the main lounge, two conference rooms, a formal business center, several individual desks, eight private offices and a community kitchen. Co-working space at the property costs between $200 and $450 per month.

December 19, 2017

Georgia Multifamily Southeast Student Housing

Landmark, CityLife Acquire Land Near Georgia Tech to Develop 780-Bed Student Housing Community

by Camren Skelton December 19, 2017

ATLANTA — A joint venture between Landmark Properties and CityLife Development Partners has acquired a 1.1-acre site near the Georgia Institute of Technology in Midtown Atlanta for the development of a 28-story student housing community. The 425,000-square-foot development — dubbed The Mark at Atlanta — will offer 780 beds and 7,000 square feet of commercial space. The property is set to feature one- to six-bedroom, fully furnished units. Community amenities will include an on-site parking garage, rooftop pool and hot tub, fitness center, yoga room, bike storage center, clubhouse, study lounges, a computer lab, golf simulator, sky lounge with adjoining outdoor terrace, a sauna and tanning beds. The property is set to open in August 2020.

December 19, 2017

Industrial North Carolina Southeast

Foundry Commercial, PGIM to Deliver 700,000 SF Industrial Project in Metro Charlotte

by Camren Skelton December 19, 2017

HUNTERSVILLE, N.C. — Foundry Commercial, in a joint venture with PGIM Real Estate, has acquired 48 acres of land in Huntersville for the development of Bryton Commerce Center, a 700,000-square-foot light industrial project. The development will be located within Bryton Town Center, a 425-acre mixed-use campus located roughly 15 miles north of Charlotte. The six-building project will deliver in two phases. Construction on the first phase will begin in early 2018 and is expected to complete by the end of the year. Bryton Commerce Center will feature 30-foot clear heights, tilt-wall construction, ESFR sprinkler systems, glass-heavy exteriors and high parking ratios. In addition to industrial space, the Bryton Town Center master plan will include more than 1 million square feet of retail space and 1 million square feet of office space, as well as multifamily and single-family residential units.

December 19, 2017

Newer Posts

Older Posts