BELMONT, MASS. — NAI Hunneman has brokered the sale of a multifamily community located at 61-63 Moraine St. in Belmont. CMS Moraine sold the property to an undisclosed buyer for $8 million. Constructed in 1970, the community features 24 apartments in a mix of one- and two-bedroom units. Carl Christie and Dan McGee of NAI Hunneman represented the seller and procured the buyer in the deal.
PERTH AMBOY, N.J. — Marcus & Millichap has facilitated the sale of a retail property located at 599 New Brunswick Ave. in Perth Amboy. An undisclosed developer sold the building to an undisclosed buyer for $2.6 million. Family Dollar and All Brands Furniture occupy the 12,050-square-foot building. Ben Sgambati, Alan Cafiero and David Cafiero of Marcus & Millichap represented the seller in the transaction.
WORCESTER, MASS. — Worcester-based Kelleher & Sadowsky has arranged the sale of a building, located at 695-701 Main St. in Worcester. The Church of Ebenezer acquired the 41,050-square-foot building for an undisclosed price. The building was a former People in Peril (PIP) Shelter. David Cohen and Paul Matt of Kelleher & Sadowsky brokered the deal.
DALLAS — ARA Newmark has arranged the sale of Las Terrazas Apartments, a 230-unit multifamily community located at 14018 Brookgreen Drive in Dallas. Built in 1968, the garden-style property offers amenities such as a pool, playground, laundry facility and resident clubhouse. Kevin O’Boyle, Matt Wideman and Jakob Andersen of ARA Newmark brokered the sale. The buyer, seller and sales price were not disclosed.
SPRING, TEXAS — EDGE Capital Markets has negotiated the sale of Spring Park Village, a 76,409-square-foot retail center located at 19764 Interstate 45 in the Houston metro of Spring. The center was 100 percent leased at the time of sale to tenants such as Conn’s Home Plus, Sears Outlet, Starbucks, AT&T and Texas State Optical. Kevin Holland of EDGE represented the seller, MetroNational, in the transaction. Other terms of sale were not released.
DALLAS — Henry S. Miller Brokerage Co. (HSM) has closed the sale of Tollway Towers East, a 20,354-square-foot office property located at 15441 Knoll Trail Drive in Dallas. Dan Spika of HSM represented the buyer, TDI GP LLC in the transaction. Ron Hebert of Marcus & Millichap represented the seller, CIP 2014/CP Tollway Owner LLC.
JACKSONVILLE, FLA. — Berkadia has arranged the $27.9 million sale of three apartment communities in Jacksonville. Tal Frydman, Greg Rainey and Cole Whitaker of Berkadia represented the seller, Nova Eagle, in the transaction. Infinity Acquisitions LLC acquired the assets. The portfolio includes: Reserve at Water’s Inlet, a 205-unit community located at 6100 Arlington Expressway; Magnolia I, a 276-unit community located at 2045 Jammes Road; and Magnolia II, a 112-unit community located at 2401 Jammes Road. Constructed in 1970, Reserve at Water’s Inlet features one- and two-bedroom apartment units. Community amenities include laundry facilities, a fitness center, business center and a pool. Magnolia I, constructed in 1965, includes one- to three-bedroom units and features barbecue/picnic areas, a clubhouse, on-site laundry facility and a swimming pool. Constructed in 1973, Magnolia II offers one- and two-bedroom units and features laundry facilities, 24-hour security camera monitoring, a swimming pool and a playground.
DULUTH, GA. — Starlight U.S. Multifamily has acquired The Heights at Sugarloaf, a 330-unit apartment community in Duluth, roughly 30 miles northeast of Atlanta. The sales price was not disclosed. Constructed this year by The Worthing Cos., The Heights at Sugarloaf is situated within the Sugarloaf Market development, a 30-acre mixed-use project. Upon completion, Sugarloaf Market will feature 80,000 square feet of commercial space including a national grocery retail anchor tenant and a future seniors housing community. The Heights at Sugarloaf includes five three- and four-story buildings. Community amenities include a fitness center, business center, package concierge system, resort-style swimming pool, gas grilling stations and a courtyard with park benches and a dog park.
SUMMERVILLE, S.C. — Federal Capital Partners (FCP) has acquired The Gates at Summerville, a 232-unit apartment community in Summerville, roughly 25 miles northwest of Charleston. Elliot Calhoun and Andrew Braden of NAI Charleston arranged the transaction on behalf of FCP. Andrew Batkins of Avison Young represented the seller, Somerset South Carolina LLC. The Gates at Summerville includes one- to three-bedroom apartment units and features a fitness center, tennis court, playground, swimming pool and an outdoor grilling area.
INDIAN LAND, S.C. — HFF has arranged the $10.1 million sale of a retail development site in Indian Land, located 20 miles south of Charlotte, N.C. The 58.5-acre site will be the future home of The Promenade at Carolina Reserve, an open-air retail center. Travis Anderson, Richard Reid, Thomas Kolarczyk and Cory Fowler of HFF represented the seller, Lennar Corp. The Hutton Co. purchased the asset. The Promenade at Carolina Reserve will be home to Burlington, Ulta Beauty, Hobby Lobby, Petco, T.J. Maxx and Rack Room Shoes. The center will also include outparcels for future development.
