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ColoradoMultifamilyWestern

Pride Rock Acquires 240-Unit Apartment Community in Colorado Springs

by Nellie Day

COLORADO SPRINGS, COLO. — Pride Rock has acquired The Preserve at Hidden Creek, an apartment community in Colorado Springs, for an undisclosed sum. The 240-unit community is located at 5910 Vista Ridge Point. The Preserve was built in 1996. Many of the units have been recently upgraded with vinyl plank flooring, new appliances and refinished countertops. Community amenities include a clubhouse, fitness center, pool, hot tub, barbecue grilling station, fire pit and more than 480 parking spaces. The low-density, garden-style community is adjacent to the Sunset Mesa open space with access to trails and recreation. CBRE’s Dan Woodward, David Potarf, Matt Barnett and Jake Young represented the seller, Griffis Blessing, in this transaction.

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CaliforniaLee & AssociatesMultifamilySeniors HousingWestern

Lee & Associates Arranges Sale of Seven Acres in Murrieta for Memory Care Community

by Nellie Day

MURRIETA, CALIF. — Lee & Associates – North San Diego County has arranged the sale of seven acres of land in Murrieta, located between Los Angeles and San Diego, for $1.3 million. The buyer plans to construct a 137-unit memory care community on the site. The plot is an infill development opportunity located near retail, schools, parks and new residential developments in the expanding region. Murrieta’s population more than doubled between 2000 and 2010, according to Lee & Associates. Al Apuzzo and Matt Weaver of Lee & Associates – North San Diego County and Brian Bielatowicz of Lee & Associates – Temecula represented both the seller, The United Church of the Valley, and the buyer, Riverside Care Group LLC of Seattle.

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221-Wadsworth-Ave-NYC
MultifamilyNew YorkNortheast

Cignature Realty Negotiates $13.2M Sale of Multifamily Building in Manhattan

by Amy Works

NEW YORK CITY — Cignature Realty Associates has facilitated the sale of a six-story multifamily building located at 221 Wadsworth Ave. in the Washington Heights section of Manhattan. An undisclosed buyer acquired the building for $13.2 million. Built in 1928, the 41,736-square-foot building features 54 apartments. Peter Vanderpool and Lazer Sternhell of Cignature Realty represented the undisclosed seller and buyer in the transaction.

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42-Industrial-Park-Rd-Saco-ME
MaineNortheastOffice

Cardente Real Estate Brokers $2.1M Sale of Office Building in Saco, Maine

by Amy Works

SACO, MAINE — Cardente Real Estate has arranged the sale of an office building located at 42 Industrial Park Road in Saco. Ohio Mutual Insurance Co. sold the property to 42 IPR LLC for $2.1 million. The building features 13,874 square feet of Class A office space. Greg Perry of Cardente Real Estate represented the seller, while Andrew Ingalls of Malone Commercial Brokers represented the buyer in the deal.

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IndustrialNortheastPennsylvania

Markward Group Arranges $1.2M Sale of Industrial Building in Allentown, Pennsylvania

by Amy Works

ALLENTOWN, PA. — Markward Group has brokered the sale of an industrial building located at 1400 N. Irving St. in Allentown. Evergreen Cos., a full-service landscaping and horticultural service company, acquired the property for $1.2 million. The buyer plans to use the 11,114-square-foot property as a storage and dispatch facility. Amy Hawley of Markward Group represented the undisclosed seller and buyer in the transaction.

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IndustrialNew YorkNortheast

Marcus & Millichap Facilitates $1.8M Sale of Industrial Building in Port Chester, New York

by Amy Works

PORT CHESTER, N.Y. — Marcus & Millichap has arranged the sale of an industrial property located at 330 N. Main St. in Port Chester. A limited liability company sold the property to an undisclosed buyer for $1.8 million. The 10,800-square-foot property features 2,000 square feet of retail store front space along North Main Street. John Sala of Marcus & Millichap represented the seller in the deal.

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New YorkNortheastOffice

Mizuho Americas Leases Additional 270,000 SF of Office Space in Manhattan

by Amy Works

NEW YORK CITY — Mizuho Americas has signed a lease with the Rockefeller Group to occupy 270,000 square feet of office space at 1271 Avenue of the Americas in Manhattan. The long-term lease, which follows the June announcement of Mizuho’s lease of 141,000 square feet in the building, brings the company’s total commitment for 1271 Avenue of Americas to 411,000 square feet. The new lease nearly triples the size of the company’s future U.S. headquarters in the building. Mizuho, a subsidiary of Mizuho Financial Group, will begin to take possession of its space in 2019. The company plans to relocate employees from multiple locations to the 2.1 million-square-foot tower. Mitchell Steir, Matthew Barlow, Steve Berliner and David Goldstein of Savills Studley represented Mizuho, while Mary Ann Tighe, Howard Fiddle, John Maher, Sarah Pontius, Evan Haskell and Dave Caperna of CBRE, in coordination with Ed Guiltinan, Jennifer Stein, Yoshinori Nakamura, Yoko Yamada and Eden Jeon of Rockefeller Group’s in-house leasing team, represented Rockefeller Group in the lease transaction.

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IndustrialMidwestOhio

Peak to Construct 409,495 SF Industrial Build-to-Suit in Aurora, Ohio

by Kristin Harlow

AURORA, OHIO — Peak Construction Corp. has been tasked with building a 409,495-square-foot industrial build-to-suit for an undisclosed distribution company in Aurora, about 30 miles southeast of Cleveland. The property, owned by Scannell Properties, will feature 32-foot clear heights, 30 dock doors, one drive-in door, 20 trailer spaces and parking for 75 cars. Peak has teamed up with Ware Malcomb Architects and Weber Engineering for the project.

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Affordable HousingIllinoisMidwestMultifamily

Kiser Group, AHIB Negotiate $11.2M Sale of Affordable Housing Portfolio in Chicago

by Kristin Harlow

CHICAGO — Kiser Group and Affordable Housing Investment Brokerage Inc. (AHIB) have negotiated the sale of 167 affordable housing units in Chicago for $11.2 million. Lyndale Place is a 67-unit property located at 2575 W. Lyndale St. in the Logan Square neighborhood. Renaissance West is a 111-unit building located at 2517 W. Fullerton Ave. in the Bucktown neighborhood. The Habitat Co. purchased the portfolio from Renaissance Cos. Michael D’Agnostino of Kiser Group and Kyle Shoemaker of AHIB brokered the transaction.

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IowaMidwestMultifamily

R&R Realty Opens 137-Unit Apartment Community in Johnston, Iowa

by Kristin Harlow

JOHNSTON, IOWA — R&R Realty Group has opened Residences at 62W in Johnston, about 10 miles northwest of Des Moines. The 137-unit apartment community features one-, two- and three-bedroom floor plans. The property, located on 62nd Avenue, features amenities such as a health center, yoga room, game room, pet spa and pool deck. West Des Moines, Iowa-based R&R Realty Group is a full-service real estate company with development, brokerage, construction and property management services.

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